ASEAN Automotive Aftermarket Poised to Reach US$ 37.7 Bn by 2025

Report Id : REP-AS-661 Published On : July-2015 Category : Automotive & Transportation

Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment 2015 - 2025

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Research Methodology (1/2)

SYSTEMMATIC RESEARCH APPROACH

1

Market Profiling

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A Primary Research

List of industry players (manufacturers), distributors, retailers, industry experts

SOLUTION

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Data Collection

5

Data Validation

6

Data Analysis

Insights

7

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Business Solution

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Market Participants

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Key Strengths

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Product Portfolio

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Mapping as per value chain

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Key focus segments

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Channel Study

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Developments

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Market Dynamics

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Products

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Conclusions

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ASEAN Automotive Aftermarket Analysis

ASEAN Automotive Aftermarket Poised to hit US$ 37.7 Bn by 2025, Driven by Increasing Number of Vehicles in Operation and Robust Sales of Automotive Aftermarket Components Future Market Insights (FMI) announces release of its latest market report titled, “Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment 2015 - 2025�. According to this report, the ASEAN automotive aftermarket is anticipated to account for US$ 37.7 Bn by 2025, registering a compound annual growth rate (CAGR) of 7.8% throughout the forecast period.

The report analyses and forecasts the ASEAN automotive aftermarket in terms of market value (US$ Bn) on the basis of segmentation. As per FMI, segments of the ASEAN automotive aftermarket include components, accessories and services.

Aftermarket automotive components are parts manufactured or remanufactured for installation in vehicles sold by original equipment manufacturers (OEMs), in case of damage or wear. Accessories include parts customised for convenience, safety, comfort and performance, and these are designed as add-ons to be installed after OEMs have assembled the automobiles. Services caters to needs such as choice of where consumers can have their vehicles serviced, maintained or customized.

ASEAN Automotive Aftermarket Analysis

ASEAN automotive aftermarket is majorly driven by improving network of sales and repair service centres and demand for general automotive repairs. This includes repairs and services related to transmissions, starters & alternators, brakes, lubricants, tyres, filters and batteries among others.

Some of the drivers identified in the market are increasing vehicle fleet on road, entry of global automakers in ASEAN region, substantial growth in per capita income in ASEAN countries and steady growth in automotive sales. Apart from this, stringent carbon emission norms and consistent GDP growth in developing economies are major growth drivers for the ASEAN automotive aftermarket.

Some of the minor restraints identified in the market are rapid change in design of new vehicles which often lead to unavailability of spare parts in the market.

Browse the full "Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment 2015 - 2025" market research report at http://www.futuremarketinsights.com/reports/details/aseanautomotive-aftermarket

Increasing preferences for customized exterior and interior components and accessories for improving vehicle aesthetics is increasing the demand for accessories at considerable growth rate in ASEAN countries. Broadening service portfolio of repair service providers such as reminder services, pick and drop facility, free vehicle check-up schemes, discount offers and other promotional activities help in

ASEAN Automotive Aftermarket Analysis

increasing awareness towards scheduled maintenance activities which in turn drives demand for aftermarket services.

On an average, the components segment is expected to expand at a CAGR of 7.4%, accessories at 7.8% and services at 6.7% during the forecast period. Components segment is further sub-segmented into oils & lubricants, tyres, batteries, wear & tear parts, filters, collision body parts, starters & alternators, lighting components, exhaust components and spark plugs. Among these, exhaust components dominates other segments, registering a CAGR of 13.9%, followed by tires. Demand for interior accessories is expected to register a CAGR of 8.4% owing to increasing demand from automobile owners to enhance the functionality and appearance of their vehicles, and this trend is expected to further drive overall market growth in future.

Table of Content

1. ASEAN Automotive Aftermarket

2. Research Methodology 3. Assumptions and Acronyms Used 4. ASEAN Automotive Aftermarket Analysis, 2015-2021 4.1. Y-o-Y Growth Projections 4.2. Market Size and Forecast, By Value 4.3. Total Market Opportunity Analysis 4.4. ASEAN Automotive Aftermarket Share, By Value 4.4.1. Market Share, By Components 4.4.2. Market Share, By Accessories

Table of Content

4.4.3. Market Share, By Services 4.4.4. Market Share, By Region 5. ASEAN Automotive Aftermarket Market, By Components 5.1. Introduction 5.1.1. Y-o-Y Growth Comparison, By Components 5.1.2. Market Share and Basis Point Share (BPS) Analysis, By Components

5.2. ASEAN Aftermarket Components Analysis, 2015 - 2025 5.2.1. Lubricants 5.2.1.1. Y-o-Y Growth Projections 5.2.1.2. Market Value Forecast, By region 5.2.1.3. Total Market Opportunity 5.2.2. Tires 5.2.2.1. Y-o-Y Growth Projections 5.2.2.2. Market Value Forecast, By region

Table of Content

5.2.3. Batteries 5.2.3.1. Y-o-Y Growth Projections 5.2.3.2. Market Value Forecast, By region 5.2.3.3. Total Market Opportunity 5.2.4. Wear & Tear Parts 5.2.4.1. Y-o-Y Growth Projections 5.2.4.2. Market Value Forecast, By region 5.2.4.3. Total Market Opportunity 5.2.5. Filters 5.2.5.1. Y-o-Y Growth Projections 5.2.5.2. Market Value Forecast, By region 5.2.5.3. Total Market Opportunity 5.2.6. Collision Body 5.2.6.1. Y-o-Y Growth Projections

Table of Content

5.2.6.2. Market Value Forecast, By region 5.2.6.3. Total Market Opportunity 5.2.7. Starters & Alternators 5.2.7.1. Y-o-Y Growth Projections 5.2.7.2. Market Value Forecast, By region 5.2.7.3. Total Market Opportunity

5.2.8. Lighting 5.2.8.1. Y-o-Y Growth Projections 5.2.8.2. Market Value Forecast, By region 5.2.8.3. Total Market Opportunity 5.2.9. Exhaust Components 5.2.9.1. Y-o-Y Growth Projections 5.2.9.2. Market Value Forecast, By region 5.2.9.3. Total Market Opportunity

Table of Content

5.2.10. Spark Plugs 5.2.10.1. Y-o-Y Growth Projections 5.2.10.2. Market Value Forecast, By region 5.2.10.3. Total Market Opportunity

6. ASEAN Automotive Aftermarket Market Analysis, By Accessories 6.1. Introduction 6.1.1. Y-o-Y growth comparison, By Accessories 6.1.2. Basis Point Share (BPS) Analysis, By Accessories

6.2. Market Forecast By Accessories 6.2.1. Interior 6.2.1.1. Y-o-Y Growth Projections 6.2.1.2. Market Value Forecast, By region 6.2.1.3. Total Market Opportunity 7. ASEAN Automotive Aftermarket Market Analysis, By Services

Table of Content 7.1. Introduction 7.1.1. Y-o-Y growth comparison, By Services 7.1.2. Basis Point Share (BPS) Analysis, By Services

7.2. Market Forecast By Services 7.2.1. General Automotive Repairs 7.2.1.1. Y-o-Y Growth Projections 7.2.1.2. Market Value Forecast, By region 7.2.1.3. Total Market Opportunity For more insights on the ASEAN Automotive Aftermarket, you can request a report sample with full TOC at http://www.futuremarketinsights.com/reports/sample/rep-as-661

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