Global Automotive Aftermarket Industry Size Study, By Replacement Part, By Distribution Channel, By Service Channel, By Certification, and Regional Forecasts 2022-2032

Description

The Global Automotive Aftermarket Industry was valued at USD 451.74 billion in 2023 and is anticipated to grow at a CAGR of 3.8% during the forecast period 2024-2032. The industry's growth is fueled by rising consumer demand for improved vehicle performance, increased digitalization of automotive component sales, and advancements in automotive technology. Regulatory bodies such as the Japanese Automobile Sports Muffler Association (JASMA) and the U.S. Environmental Protection Agency (EPA) are playing a pivotal role in ensuring quality standards and environmental compliance for aftermarket components.

The digitalization of sales channels has revolutionized the automotive aftermarket, with e-commerce platforms and online distribution networks enabling seamless transactions between suppliers and consumers. Major industry players such as CarParts.com and US Auto Parts Network, Inc. are making significant investments in online marketplaces to cater to a broader audience. Additionally, the advent of IoT (Internet of Things) and AI-driven diagnostics has enhanced the efficiency and precision of aftermarket services, paving the way for personalized automotive solutions.

Despite these growth drivers, the industry faces certain challenges, including fluctuating raw material costs, high R&D expenses, and stringent regulatory requirements. However, the increasing adoption of DIY (Do-It-Yourself) vehicle maintenance in developed economies such as North America and Europe is reshaping consumer buying behavior. Meanwhile, the growing preference for electric and hybrid vehicles has created fresh avenues for specialized aftermarket component manufacturers.

North America, Europe, and Asia-Pacific remain the key regions dominating the global automotive aftermarket industry. North America's market growth is propelled by high consumer spending, a well-established e-commerce ecosystem, and increasing vehicle customization trends. Europe continues to lead in automotive technological innovations, while the Asia-Pacific market, particularly China, India, and Japan, is witnessing substantial expansion due to rising automotive production capacities and increasing consumer demand for cost-effective aftermarket solutions.

Major Market Players Included in This Report:

3M Company
Continental AG
Delphi Automotive PLC
Denso Corporation
Federal-Mogul Corporation
HELLA KGaA Hueck & Co.
Robert Bosch GmbH
Valeo Group
ZF Friedrichshafen AG
Cooper Tire & Rubber Company
CarParts.com
Bridgestone Corporation
Michelin Group
Magna International Inc.
Goodyear Tire & Rubber Company

The Detailed Segments and Sub-Segments of the Market Are Explained Below:

By Replacement Part:

Tire
Battery
Brake Parts
Filters
Body Parts
Lighting & Electronic Components
Wheels
Exhaust Components
Turbochargers
Others

By Distribution Channel:

Retailers
OEMs
Repair Shops
Wholesalers & Distributors

By Service Channel:

DIY (Do-It-Yourself)
DIFM (Do-It-For-Me)
OE (Original Equipment Manufacturer Delegation)

By Certification:

Genuine Parts
Certified Parts
Uncertified Parts

By Region:

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Asia Pacific
China
Japan
India
Australia
South Korea
South America
Brazil
Middle East & Africa
Saudi Arabia
UAE
South Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level insights.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Demand-side and supply-side analysis of the market.

Chapter 1. Global Automotive Aftermarket Industry Executive Summary

1.1. Global Automotive Aftermarket Industry Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Replacement Part
- 1.3.2. By Distribution Channel
- 1.3.3. By Service Channel
- 1.3.4. By Certification
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Automotive Aftermarket Industry Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Automotive Aftermarket Industry Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Vehicle Age and Maintenance Demand
- 3.1.2. Expansion of E-Commerce in the Aftermarket Sector
- 3.1.3. Growth of Vehicle Customization & Performance Enhancement
3.2. Market Challenges
- 3.2.1. Rising Costs of Automotive Parts
- 3.2.2. Stringent Regulatory Frameworks on Vehicle Emissions
3.3. Market Opportunities
- 3.3.1. Increasing Demand for Electric Vehicle (EV) Aftermarket Parts
- 3.3.2. Growth in Online & Digital Auto Parts Sales
- 3.3.3. Expansion of Sustainable & Eco-Friendly Auto Components

Chapter 4. Global Automotive Aftermarket Industry Analysis

4.1. Porter's Five Forces Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economic
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendations & Conclusion

Chapter 5. Global Automotive Aftermarket Industry Size & Forecast by Replacement Part (2022-2032)

5.1. Segment Dashboard
5.2. Global Automotive Aftermarket Industry: Replacement Part Revenue Trend Analysis, 2022 & 2032 (USD Billion)
5.3. Market Size Analysis by Replacement Part
- 5.3.1. Tire
- 5.3.2. Battery
- 5.3.3. Brake Parts
- 5.3.4. Filters
- 5.3.5. Body Parts
- 5.3.6. Lighting & Electronic Components
- 5.3.7. Wheels
- 5.3.8. Exhaust Components
- 5.3.9. Turbochargers
- 5.3.10. Others

Chapter 6. Global Automotive Aftermarket Industry Size & Forecast by Distribution Channel (2022-2032)

6.1. Segment Dashboard
6.2. Global Automotive Aftermarket Industry: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
6.3. Market Size Analysis by Distribution Channel
- 6.3.1. Retailers
- 6.3.2. OEMs
- 6.3.3. Repair Shops
- 6.3.4. Wholesalers & Distributors

Chapter 7. Global Automotive Aftermarket Industry Size & Forecast by Service Channel (2022-2032)

7.1. Segment Dashboard
7.2. Global Automotive Aftermarket Industry: Service Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
7.3. Market Size Analysis by Service Channel
- 7.3.1. DIY (Do it Yourself)
- 7.3.2. DIFM (Do it for Me)
- 7.3.3. OE (Delegating to OEMs)

Chapter 8. Global Automotive Aftermarket Industry Size & Forecast by Certification (2022-2032)

8.1. Segment Dashboard
8.2. Global Automotive Aftermarket Industry: Certification Revenue Trend Analysis, 2022 & 2032 (USD Billion)
8.3. Market Size Analysis by Certification
- 8.3.1. Genuine Parts
- 8.3.2. Certified Parts
- 8.3.3. Uncertified Parts

Chapter 9. Global Automotive Aftermarket Industry Size & Forecast by Region (2022-2032)

9.1. North America
- 9.1.1. U.S.
- 9.1.2. Canada
- 9.1.3. Mexico
9.2. Europe
- 9.2.1. Germany
- 9.2.2. UK
- 9.2.3. France
9.3. Asia-Pacific
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. India
- 9.3.4. Australia
- 9.3.5. South Korea
9.4. South America
- 9.4.1. Brazil
9.5. Middle East & Africa
- 9.5.1. Saudi Arabia
- 9.5.2. UAE
- 9.5.3. South Africa

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Robert Bosch GmbH
- 10.1.2. Continental AG
- 10.1.3. 3M Company
10.2. Competitive Landscape Analysis
10.3. Strategic Market Developments

Chapter 11. Research Process

11.1. Research Methodology
- 11.1.1. Data Collection & Analysis
- 11.1.2. Market Estimation & Validation
- 11.1.3. Publishing & Review
11.2. Research Attributes