Description
Automotive aftermarket is a secondary market of the automotive sector, which involves the sale of automotive components when they need immediate replacement due to emergency situations. They can also be replaced on their regular maintenance schedules. These replacement parts are provided by either authorized providers or independent providers.
The change in customer expectations have led the automotive aftermarket players to undertake technological innovation to improve their product specifications and lower the component costs. Such initiatives drive the market. Service providers need to focus on continuous interactions with individual customers and traders of mobility solutions in order to continue adding up in the automotive aftermarket business. Customer satisfaction in aftermarket requires the identification of the problem areas to elevate the experience of the user mobility solutions. Furthermore, vertical and horizontal integration of new technology concepts are important to improve the efficiency and quality of the engine parts. The market could be restrained by the lack of infrastructure and technology in emerging countries.
For this study, global automotive aftermarket has been segmented based on offering, channel, vehicle age, vehicle type, and region. On the basis of offering, the market has been segmented into parts and services. Parts segment has the larger market size as, a part is an internal element of the vehicle that if crucial, needs immediate replacement. On the basis of channel, the market is segmented into authorized repair and independent repair. Among these, independent repair has the larger market size as they offer attractive prices, improved service quality and speedy delivery along with diagnostics specialists. On the basis of vehicle age, the market is segmented into 0-4 years, 4-8 years and above 8 years. Above 8 years segment holds the largest share as the owner opts for cheaper alternatives for parts and services during this age of the vehicle. On the basis of vehicle type, the market is segmented into passenger and commercial vehicle. Passenger vehicle holds the larger share due to the rising demand of passenger cars among the population and increasing per capita income in emerging countries. On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 Key Market Insights
4 Key Findings
5 Recommendations
5.1 Consolidation Among Parts Distributors
5.2 Digitization of channels and interfaces
5.3 Access to car-generated data
5.3.1 Deeper customer insights
5.3.2 Operational excellence.
5.3.3 Response recommendations and readiness
5.3.4 Predictive maintenance and remote on-board diagnostics.
5.3.5 New digital services.
5.4 Higher price transparency and greater diversity of supply for customers
5.4.1 Price transparency
5.4.2 Online sales
6 Market Dynamics
6.1 Drivers
6.1.1 High Quality and Low Cost
6.1.2 OEMs aggressively expanding their Aftermarket Activities
6.1.3 Competing Strategies
6.2 Restraint
6.2.1 Lack on Infrastructure and technology in the Emerging Regions
6.3 Trends
6.3.1 OEMs expanding their aftermarket activities
6.4 Opportunities
6.4.1 Increasing influence of (digital) intermediaries
7 Market Factor Analysis
7.1 Porter’s Five Forces Analysis
7.1.1 Threat of New Entrants
7.1.2 Bargaining Power of Suppliers
7.1.3 Threat of Substitutes
7.1.4 Bargaining Power of Buyers
7.1.5 Rivalry
7.2 Supply Chain Analysis
8 Global Automotive Aftermarket, By Offering
8.1 Overview
8.2 Parts
8.2.1 Tire
8.2.2 Brake parts
8.2.3 Battery
8.2.4 Body parts
8.2.5 Exhaust components
8.2.6 Electrical parts
8.2.7 Lighting parts
8.2.8 Engine parts
8.2.9 Filters
8.2.10 Others
8.3 Services
8.3.1 Accident repair
8.3.2 Wear and tear repairs
8.3.3 Mechanical/electronic repairs
8.3.4 Maintenance
8.3.5 Tire service
8.3.6 Consumables and accessories
9 Global Automotive Aftermarket, By Channel
9.1 Overview
9.1.1 Authorized repair
9.1.2 Independent repair
10 Global Automotive Aftermarket, By Vehicle Age
10.1 Overview
10.2 0-4 years
10.3 4-8 years
10.4 Above 8 years
11 Global Automotive Aftermarket, By Vehicle Type
11.1 Overview
11.1.1 Passenger vehicle
11.1.2 Commercial vehicle
12 Global Automotive Aftermarket, By Region
12.1 Introduction
12.2 North America
12.2.1 U.S.
12.2.2 Canada
12.3 Europe
12.3.1 Germany
12.3.2 U.K.
12.3.3 France
12.3.4 Spain
12.3.5 Italy
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 Rest of Asia Pacific
12.5 Rest of the World
12.5.1 Middle East & Africa
12.5.2 Latin America
13 Patent Trends
14 Competitive Landscape
14.1 Competitive Landscape
15 Company Profiles
15.1 Aisin Seiki Co., Ltd.
15.1.1 Company Overview
15.1.2 Financial Overview
15.1.3 Services Offerings
15.1.4 SWOT Analysis
15.1.5 Key Strategy
15.2 Valeo
15.2.1 Company Overview
15.2.2 Financial Overview
15.2.3 Product Offerings
15.2.4 Key Developments
15.2.5 SWOT Analysis
15.2.6 Key Strategy
15.3 Continental AG
15.3.1 Company Overview
15.3.2 Financial Overview
15.3.3 Product Offerings
15.3.4 Key Developments
15.3.5 SWOT Analysis
15.3.6 Key Strategy
15.4 3M Company
15.4.1 Company Overview
15.4.2 Financial Overview
15.4.3 Product Offerings
15.4.4 Key Developments
15.4.5 SWOT Analysis
15.4.6 Key Strategy
15.5 Denso Corporation
15.5.1 Company Overview
15.5.2 Financial Overview
15.5.3 Product Offerings
15.5.4 Key Developments
15.5.5 SWOT Analysis
15.5.6 Key Strategy
15.6 Cooper Tire & Rubber Company
15.6.1 Company Overview
15.6.2 Financial Overview
15.6.3 Product Offerings
15.6.4 Key Developments
15.6.5 SWOT Analysis
15.6.6 Key Strategy
15.7 Magneti Marelli S.p.A.
15.7.1 Company Overview
15.7.2 Financial Overview
15.7.3 Product Offerings
15.7.4 Key Developments
15.7.5 SWOT Analysis
15.7.6 Key Strategy
15.8 Sumitomo Electric Industries, Ltd.
15.8.1 Company Overview
15.8.2 Financial Overview
15.8.3 Product Offerings
15.8.4 SWOT Analysis
15.8.5 Key Strategy
15.9 Aptiv PLC
15.9.1 Company Overview
15.9.2 Financial Overview
15.9.3 Product Offerings
15.9.4 SWOT Analysis
15.9.5 Key Strategy
15.1 Federal-Mogul Corporation
15.10.1 Company Overview
15.10.2 Financial Overview
15.10.3 Product Offerings
15.10.4 Key Developments
15.10.5 SWOT Analysis
15.10.6 Key Strategy
15.11 MAHLE GmbH
15.11.1 Company Overview
15.11.2 Financial Overview
15.11.3 Product Offerings
15.11.4 SWOT Analysis
15.11.5 Key Strategy
15.12 Schaeffler AG
15.12.1 Company Overview
15.12.2 Financial Overview
15.12.3 Product Offerings
15.12.4 Key Developments
15.12.5 SWOT Analysis
15.12.6 Key Strategy
15.13 ACDelco
15.13.1 Company Overview
15.13.2 Financial Overview
15.13.3 Product Offerings
15.13.4 Key Developments
15.13.5 SWOT Analysis
15.13.6 Key Strategy
15.14 Robert Bosch GmbH
15.14.1 Company Overview
15.14.2 Financial Overview
15.14.3 Product Offerings
15.14.4 Key Developments
15.14.5 SWOT Analysis
15.14.6 Key Strategy
15.15 ZF Friedrichshafen AG
15.15.1 Company Overview
15.15.2 Financial Overview
15.15.3 Products Offerings
15.15.4 SWOT Analysis
15.15.5 Key Strategy
