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Global Automotive Aftermarket Industry Outlook 2025: Global Opportunity And Demand Analysis, Market Forecast, 2017-2025
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Global Automotive Aftermarket Industry Outlook 2025: Global Opportunity And Demand Analysis, Market Forecast, 2017-2025
Automotive Aftermarket Industry The aftermarket is the major subsector of the automotive sector including the automotive part businesses and automotive services. Rapidly growing aftermarket volume, including retail sales across the globe are becoming increasingly important for automotive companies as compared to new car sales owing to the higher margins. On the other hand, aftermarket market automotive wear and tear components and products accounts for nearly half of the total automotive aftermarket sales followed by crash-relevant parts, diagnostics products and services. Moreover, digital-driven products and services are setting a new trend and will be the major growth drivers for the market growth over the forecast period. It is also estimated that digital services segment such as telematics, vehicle diagnosis, and fleet management among others will increase exponentially from currently 6% to 20% within the next 10 years. Additionally, new market players are entering into this segment with digitally-linked business models in order to exploit the market opportunities. On the distribution end, online channels are emerging as the most attractive business strategy and are attracting major aftermarket players to provide innovative products and services through online channels. For instance, Michelin bought 40% shares of French online tire retailer Allopneus, and then acquired the British tire e-retailer Blackcircles. Together, the products and services in automotive aftermarket landscape are an imperative part of the overall automotive industry as they provide extensive revenue of approximately USD 763 billion globally (2017) or about 20% of total automotive sector revenues and greater profitability than most of the industry’s other subsectors. Further, the automotive aftermarket industry is likely to expand at a CAGR of 3.2% over the forecast period i.e. 2017-2025.
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Global Automotive Aftermarket Industry Outlook 2025: Global Opportunity And Demand Analysis, Market Forecast, 2017-2025
Market Segmentation By After Market Products and Services Type
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• Wear-and-Tear Parts • Crash-Relevant Parts • Accessories and Appearance Products • Diagnostics Products • Services (Fleet Management etc.) By End Users Type • Service Providers (Telematics, Fleet Management etc.) • Independent Workshops • Automotive OEM Workshop By Distribution Channels • Offline Distribution Channel • Online Distribution Channel
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Global Automotive Aftermarket Industry Outlook 2025: Global Opportunity And Demand Analysis, Market Forecast, 2017-2025
Market Size and Forecast (2017-2025) Additionally, new market players are entering into this segment with digitally-linked business models in order to exploit the market opportunities. On the distribution end, online channels are emerging as the most attractive business strategy and are attracting major aftermarket players to provide innovative products and services through online channels. For instance, Michelin bought 40% shares of French online tire retailer Allopneus, and then acquired the British tire e-retailer Blackcircles. Together, the products and services in automotive aftermarket landscape are an imperative part of the overall automotive industry as they provide extensive revenue of approximately USD 763 billion globally (2017) or about 20% of total automotive sector revenues and greater profitability than most of the industry’s other subsectors. Further, the automotive aftermarket industry is likely to expand at a CAGR of 3.2% over the forecast period i.e. 2017-2025. Automotive aftermarket Industry Size (USD Billion), 2017-2025
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Global Automotive Aftermarket Industry Outlook 2025: Global Opportunity And Demand Analysis, Market Forecast, 2017-2025
Scope Background Market Synopsis
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Automotive Aftermarkets Industry Segmentation is segmented as follows: •
By End-User Type (Market Size, Demand Analysis and Growth Analysis)
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By Distribution Channels (Market Size, Demand Analysis and Growth Analysis)
By Country • • • • • •
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis} Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis} Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis} Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis} Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis} Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
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Global Automotive Aftermarket Industry Outlook 2025: Global Opportunity And Demand Analysis, Market Forecast, 2017-2025
Market Dynamics: Growth Drivers, Restraints and Opportunities o Risk Factors o Regional Variations o Recent Trends and Developments
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Key Market Players o Synopsis o Business Strategy o Product Portfolio o SWOT Analysis Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks Request for TOC @ https://www.goldsteinresearch.com/toc-request/global-automotive-aftermarket-industry Published By: Goldstein Research
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Global Automotive Aftermarket Industry Outlook 2025: Global Opportunity And Demand Analysis, Market Forecast, 2017-2025 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting firm and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research
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Global Automotive Aftermarket Industry Outlook 2025: Global Opportunity And Demand Analysis, Market Forecast, 2017-2025
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Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India
+91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
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Global Automotive Aftermarket Industry Outlook 2025: Global Opportunity And Demand Analysis, Market Forecast, 2017-2025
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