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Automotive Aftermarket Global Industry Guide 2020-2029

Automotive Aftermarket Global Industry Guide 2020-2029

Summary

Global Automotive Aftermarket industry profile provides top-line qualitative and quantitative summary information including: sector size (value and volume , and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the sector .

Key Highlights

- The automotive aftermarket includes the sales of automotive components for use on vehicles after the first purchase. Market value is calculated in terms of retail selling price (RSP), including all taxes and levies. Market volume refers to each aftermarket component, such as wiper blades or brake calipers, considered as a separate unit. The market scope includes components sold through fast fits, autocenters, garages, tire specialists, vehicle manufacturer networks, petrol stations, hypermarkets, crash repair centers/bodyshops, online sales, parts & accessories stores, and others. Both internal combustion engines and electric vehicles are considered in our scope. Our analysis encompasses both passenger cars and light commercial vehicles.
- The automotive aftermarket is segmented into components and labor. The scope of components include air filters, alloy wheels, alternators, antifreeze or coolant, bonnets, brake discs, brake drums, brake pads, brake shoes, bumpers, cabin filters, catalytic converters, clutches, diesel filters, doors, exhaust systems, floor mats, glass, glow plugs, in car entertainment, light housings, oil, oil filters, paints and solvents, petrol filters, radiators, roof bars, roof boxes, satellite navigation, shock absorbers, spark plugs, starter batteries, starter motors, tow bars, tyres, windscreen wash, windscreen wiper blades, wings, etc. The EV aftermarket scope does not include replacement batteries, battery management systems, electric motors, charging equipment, etc. The labor segment refers to the income generated from the labor involved in repairing, maintaining, or modifying vehicles following their original sale. This value is typically based on the hourly labor rate set by service providers.
- All market data and forecasts are based on nominal prices, and all currency conversions used in the creation of this report have been calculated using yearly average exchange rates. The USD values may show a declining trend for a few countries, such as Argentina, Turkey, Nigeria, Egypt, and Russia. This is primarily because of the impact of exchange rates considered.
- The global automotive aftermarket sector recorded revenues of $804.9 billion in 2024, representing a compound annual growth rate (CAGR) of 2.4% between 2019 and 2024.
- Sector consumption volume increased with a CAGR of 0.6% between 2019 and 2024, reaching a total of 15,330.4 million units in 2024.
- In 2024, North America accounted for a 32.4% revenue share of the global automotive aftermarket sector, followed by Asia-Pacific with 30.6% revenue share and Europe with 28.0% revenue share.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the global automotive aftermarket sector
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the global automotive aftermarket sector
- Leading company profiles reveal details of key automotive aftermarket sector players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the global automotive aftermarket sector with five year forecasts by both value and volume

Reasons to Buy

- What was the size of the global automotive aftermarket sector by value in 2024?
- What will be the size of the global automotive aftermarket sector in 2029?
- What factors are affecting the strength of competition in the global automotive aftermarket sector ?
- How has the sector performed over the last five years?
- What are the main segments that make up the global automotive aftermarket sector ?