Report Details:
15 Companies Covered
100 Pages
Market Research Future (MRFR) has published a cooked research report on the “Automotive Aftermarket” that contains information from 2025 to 2035.
The Automotive Aftermarket is estimated to register a CAGR of 3.49% during the forecast period of 2025 to 2035.
MRFR recognizes the following companies as the key players in the Global Automotive Aftermarket: Denso, Magna International, GKN Automotive, Valeo, Aisin Seiki, Faurecia, ZF Friedrichshafen, Mann+Hummel, Hella, Delphi Technologies, Tenneco, FederalMogul, NGK Spark Plug, Continental AG, and Bosch.
Automotive Aftermarket Market Highlights
The Automotive Aftermarket is accounted for to register a CAGR of 3.49% during the forecast period and is estimated to reach USD 600.97 Billion by 2035.
The market is driven by things like more people owning cars around the world, older car fleets, and new smart automotive technologies. As people try to make their cars last longer and work better, the growing need for maintenance services and replacement parts has become a major driver. Also, the growth of e-commerce platforms has opened up new ways for businesses to grow by making it easier to get parts and services quickly, especially in developing countries where people are using technology more and more.
Government rules that promote safety, limit emissions, and protect the environment are also affecting how aftermarket products are made. Also, the growing popularity of electric vehicles (EVs) is driving up the need for specialized aftermarket parts and service programs. Industry leaders are spending a lot of money on parts that work with electric vehicles and high-tech diagnostic tools, which opens up a lot of market potential.
Segment Analysis
The Global Automotive Aftermarket has been segmented based on Product Type, Sales Channel, Vehicle Type, Service Type, and Region.
Based on Product Type, the market is categorized into Parts, Accessories, Tires, Lubricants, and Service Equipment. Among these, the Parts segment accounted for the largest revenue share in 2024, valued at and is projected to rise in 2035. This dominance is attributed to the ongoing need for replacements driven by the aging vehicle population.
Based on Sales Channel, the market includes Online, Offline Retail, Wholesale, and Direct Sales. Offline Retail is growing rapidly due to greater consumer convenience, while online retail continues to maintain relevance through trust and hands-on consultation.
Based on Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles, Motorcycles, and Heavy-Duty Vehicles. Passenger Cars hold the largest share due to increasing global ownership and the rising focus on vehicle reliability.
Based on Service Type, the market includes Maintenance Services, Repair Services, Installation Services, and Modification Services. Maintenance and repair services dominate due to heightened awareness of vehicle safety and operational efficiency.
Region Analysis
By Region, the Automotive Aftermarket market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
North America holds a considerable market share and is also forecasted to hold the largest share during the forecast period, driven by high vehicle ownership and well-established service infrastructure. Europe followed with a strong demand for high-quality aftermarket solutions. Asia-Pacific is positioned as a rapidly growing region supported by increasing vehicle production, rising disposable income, and infrastructure development. South America and the Middle East & Africa are experiencing steady growth due to expanding automotive networks and urbanization.
Key Findings of the Study
- The Global Automotive Aftermarket is expected to reach USD 600.97 Billion by 2035, at a CAGR of 3.49% during the forecast period.
- North America accounted for the largest regional market in 2024.
- Based on Product Type, the Parts segment held the largest share in 2024.
- Based on Vehicle Type, the Passenger Cars segment was attributed to holding the largest market share in 2024.
- Denso, Magna International, GKN Automotive, Valeo, Aisin Seiki, Faurecia, ZF Friedrichshafen, Mann+Hummel, Hella, Delphi Technologies, Tenneco, FederalMogul, NGK Spark Plug, Continental AG, and Bosch are the key market players.
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https://www.marketresearchfuture.com/reports/automotive-aftermarket-industry-6251