Global Automotive After Market – Industry Analysis, Size, Share, Growth, Forecast 2024

Market Study Report adds global Automotive After market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.
Automotive Aftermarket Industry size is set to exceed USD 680 billion by 2024; according to a new research report.
Shifting consumer preference towards vehicle comfort, enhancing efficiency and customization for aesthetically pleasant vehicles are the key factors driving the automotive aftermarket demand.
Increasing vehicle wear and tear due to poor road infrastructure particularly in developing countries have led to more replacement parts consumption which will support the product penetration. Rise in average distance driven per vehicle has resulted in increasing requirement for maintenance encouraging vehicle parts replacements.
Professional sales outlet is the major revenue generating segment for automotive aftermarket and was valued over USD 300 billion in 2015. Moreover, additional services provided by the outlets for customer delight including free periodic servicing, insurance to damaged parts and delivery facilities will fuel the automotive aftermarket industry growth.
Asia pacific, led by China, India and Thailand is estimated to witness CAGR over 6% up to 2024. Growing consumer spending on automobiles coupled with rapid urbanization and increasing population are the key factors fueling regional demand. High economic resource availability, workforce and land availability in this region will propel the market growth.
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Easy replacement parts availability accompanied by ease in operations like changing oil, tires, mirrors with minimum requirement of tools are driving the DIY sales outlet market size. Mexico is one of the major exporters of the vehicle replacement components particularly for the U.S. with favorable import policies will positively influence the automotive aftermarket demand.
Growing demand from replacement components, owing to more usage of older vehicles in Latin America will drive the product penetration. This is due to more than 50% of the vehicles in Mexico are older than 10 years.
Europe led by Germany, UK and France will witness more than 4.5% growth. Large presence of original equipment manufacturers along with regional players will drive the regional demand. Stringent government regulations for improving fuel efficiency will result in frequent maintenance of older vehicles should fuel the market demand.
Global automotive aftermarket industry share is highly fragmented. The key market players include Denso Corporation, Magneti Marelli, Continental AG, Akebone Brake Corporation, 3M Company, Cooper Tire and Rubber Company.

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Table of Content:
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope & assumptions
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. Automotive aftermarket industry 3600 synopsis, 2013 ?2024 (USD Million)
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Sales outlet trends
2.1.4. Regional trends
Chapter 3. Automotive Aftermarket Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 ? 2024 (USD Million)
3.3. Industry ecosystem analysis
3.3.1. Vendor matrix
3.3.2. Margin analysis
3.3.2.1. Manufacturer
3.3.2.2. Distributor
3.3.3. Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. Vehicle parts standards
3.5.2. NHTSA regulations
3.5.2.1. China
3.5.2.1.1. The 11th Five-Year Plan
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