Automotive Aftermarket Industry Research Report – Forecast to 2032

Automotive Aftermarket Research Report Information By Offering (Parts, Services), By Channel (Authorized Repair, Independent Repair), By Vehicle (0-4 years, 4-8 years, Above 8 years), By Vehicle Type (Passenger Vehicle, Commercial Vehicle) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

ID: MRFR/AM/4790-CR | 100 Pages | Author: Swapnil Palwe | April 2023         

1 Executive Summary

2 Market Introduction

2.1 Definition 17

2.2 Scope of the Study 17

2.3 List of Assumptions 18

2.4 Market Structure 19

3 Research Methodology

3.1 Research Process 21

3.2 Primary Research 22

3.3 Secondary Research 23

3.4 Market Size Estimation 23

3.5 Forecast Model 24

3.6 Key Market Insights 25

4 Key Findings

5 Recommendations

5.1 Consolidation Among Parts Distributors 30

5.2 Digitization of channels and interfaces 30

5.3 Access to car-generated data 30

5.3.1 Deeper customer insights 30

5.3.2 Operational excellence. 31

5.3.3 Response recommendations and readiness 31

5.3.4 Predictive maintenance and remote on-board diagnostics. 31

5.3.5 New digital services. 31

5.4 Higher price transparency and greater diversity of supply for customers 31

5.4.1 Price transparency 31

5.4.2 Online sales 31

6 Market Dynamics

6.1 Drivers 34

6.1.1 High Quality and Low Cost 34

6.1.2 OEMs aggressively expanding their Aftermarket Activities 34

6.1.3 Competing Strategies 35

6.2 Restraint 35

6.2.1 Lack on Infrastructure and technology in the Emerging Regions 35

6.3 Trends 36

6.3.1 OEMs expanding their aftermarket activities 36

6.4 Opportunities 36

6.4.1 Increasing influence of (digital) intermediaries 36

7 Market Factor Analysis

7.1 Porter’s Five Forces Analysis 38

7.1.1 Threat of New Entrants 38

7.1.2 Bargaining Power of Suppliers 38

7.1.3 Threat of Substitutes 38

7.1.4 Bargaining Power of Buyers 38

7.1.5 Rivalry 39

7.2 Supply Chain Analysis 39

8 Global Automotive Aftermarket, By Offering

8.1 Overview 42

8.2 Parts 42

8.2.1 Tire 42

8.2.2 Brake parts 42

8.2.3 Battery 42

8.2.4 Body parts 42

8.2.5 Exhaust components 43

8.2.6 Electrical parts 43

8.2.7 Lighting parts 43

8.2.8 Engine parts 44

8.2.9 Filters 44

8.2.10 Others 44

8.3 Services 44

8.3.1 Accident repair 44

8.3.2 Wear and tear repairs 44

8.3.3 Mechanical/electronic repairs 44

8.3.4 Maintenance 45

8.3.5 Tire service 45

8.3.6 Consumables and accessories 45

9 Global Automotive Aftermarket, By Channel

9.1 Overview 48

9.1.1 Authorized repair 48

9.1.2 Independent repair 48

10 Global Automotive Aftermarket, By Vehicle Age

10.1 Overview 51

10.2 0-4 years 51

10.3 4-8 years 51

10.4 Above 8 years 51

11 Global Automotive Aftermarket, By Vehicle Type

11.1 Overview 54

11.1.1 Passenger vehicle 54

11.1.2 Commercial vehicle 54

12 Global Automotive Aftermarket, By Region

12.1 Introduction 56

12.2 North America 57

12.2.1 U.S. 60

12.2.2 Canada 61

12.3 Europe 63

12.3.1 Germany 65

12.3.2 U.K. 67

12.3.3 France 68

12.3.4 Spain 70

12.3.5 Italy 71

12.3.6 Rest of Europe 73

12.4 Asia Pacific 75

12.4.1 China 77

12.4.2 Japan 79

12.4.3 India 80

12.4.4 Rest of Asia Pacific 82

12.5 Rest of the World 84

12.5.1 Middle East & Africa 86

12.5.2 Latin America 88

13 Patent Trends

14 Competitive Landscape

14.1 Competitive Landscape 94

15 Company Profiles

15.1 Aisin Seiki Co., Ltd. 97

15.1.1 Company Overview 97

15.1.2 Financial Overview 97

15.1.3 Services Offerings 98

15.1.4 SWOT Analysis 98

15.1.5 Key Strategy 99

15.2 Valeo 100

15.2.1 Company Overview 100

15.2.2 Financial Overview 100

15.2.3 Product Offerings 101

15.2.4 Key Developments 102

15.2.5 SWOT Analysis 103

15.2.6 Key Strategy 103

15.3 Continental AG 104

15.3.1 Company Overview 104

15.3.2 Financial Overview 104

15.3.3 Product Offerings 105

15.3.4 Key Developments 105

15.3.5 SWOT Analysis 105

15.3.6 Key Strategy 105

15.4 3M 106

15.4.1 Company Overview 106

15.4.2 Financial Overview 106

15.4.3 Product Offerings 107

15.4.4 Key Developments 107

15.4.5 SWOT Analysis 107

15.4.6 Key Strategy 108

15.5 Denso Corporation 109

15.5.1 Company Overview 109

15.5.2 Financial Overview 109

15.5.3 Product Offerings 110

15.5.4 Key Developments 110

15.5.5 SWOT Analysis 111

15.5.6 Key Strategy 111

15.6 Cooper Tire & Rubber Company 112

15.6.1 Company Overview 112

15.6.2 Financial Overview 112

15.6.3 Product Offerings 113

15.6.4 Key Developments 114

15.6.5 SWOT Analysis 114

15.6.6 Key Strategy 114

15.7 Magneti Marelli S.p.A. 115

15.7.1 Company Overview 115

15.7.2 Financial Overview 115

15.7.3 Product Offerings 116

15.7.4 Key Developments 116

15.7.5 SWOT Analysis 117

15.7.6 Key Strategy 117

15.8 Sumitomo Electric Industries, Ltd. 118

15.8.1 Company Overview 118

15.8.2 Financial Overview 118

15.8.3 Product Offerings 119

15.8.4 SWOT Analysis 119

15.8.5 Key Strategy 119

15.9 Aptiv PLC 120

15.9.1 Company Overview 120

15.9.2 Financial Overview 120

15.9.3 Product Offerings 121

15.9.4 SWOT Analysis 122

15.9.5 Key Strategy 122

15.10 Federal-Mogul Corporation 123

15.10.1 Company Overview 123

15.10.2 Financial Overview 123

15.10.3 Product Offerings 124

15.10.4 Key Developments 125

15.10.5 SWOT Analysis 125

15.10.6 Key Strategy 125

15.11 MAHLE GmbH 126

15.11.1 Company Overview 126

15.11.2 Financial Overview 126

15.11.3 Product Offerings 127

15.11.4 SWOT Analysis 127

15.11.5 Key Strategy 127

15.12 Schaeffler AG 128

15.12.1 Company Overview 128

15.12.2 Financial Overview 128

15.12.3 Product Offerings 129

15.12.4 Key Developments 129

15.12.5 SWOT Analysis 130

15.12.6 Key Strategy 130

15.13 ACDelco 131

15.13.1 Company Overview 131

15.13.2 Financial Overview 131

15.13.3 Product Offerings 131

15.13.4 Key Developments 137

15.13.5 SWOT Analysis 137

15.13.6 Key Strategy 137

15.14 Robert Bosch GmbH 138

15.14.1 Company Overview 138

15.14.2 Financial Overview 138

15.14.3 Product Offerings 139

15.14.4 Key Developments 139

15.14.5 SWOT Analysis 140

15.14.6 Key Strategy 140

15.15 ZF Friedrichshafen AG 141

15.15.1 Company Overview 141

15.15.2 Financial Overview 141

15.15.3 Products Offerings 142

15.15.4 SWOT Analysis 142

15.15.5 Key Strategy 142

16 List of Tables

TABLE 1 MARKET SYNOPSIS 15

TABLE 2 LIST OF ASSUMPTIONS 18

TABLE 3 LEADING SERVICE SHARE TRANSACTION INDICES (2023) 26

TABLE 4 FUNCTIONS OF EXHAUST SYSTEM COMPONENTS 43

TABLE 5 GLOBAL AUTOMOTIVE AFTERMARKET, BY OFFERING, 2023-2032(USD BILLION) 45

TABLE 6 PARTS: GLOBAL AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032(USD BILLION) 46

TABLE 7 SERVICES: GLOBAL AUTOMOTIVE AFTERMARKET, BYOFFERINGS, 2023-2032(USD BILLION) 46

TABLE 8 GLOBAL AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032(USD BILLION) 49

TABLE 9 GLOBAL AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032(USD BILLION) 52

TABLE 10 GLOBAL AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032(USD BILLION) 54

TABLE 11 GLOBAL AUTOMOTIVE AFTERMARKET, BY REGION, 2023-2032(USD BILLION) 56

TABLE 12 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY COUNTRY, 2023-2032 (USD BILLION) 57

TABLE 13 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 57

TABLE 14 PARTS: NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 58

TABLE 15 SERVICES: NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BYOFFERINGS, 2023-2032 (USD BILLION) 58

TABLE 16 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 58

TABLE 17 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 59

TABLE 18 NORTH AMERICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 59

TABLE 19 U.S.: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 60

TABLE 20 U.S.: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 60

TABLE 21 U.S.: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 60

TABLE 22 U.S.: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 61

TABLE 23 CANADA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 61

TABLE 24 CANADA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 61

TABLE 25 CANADA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 62

TABLE 26 CANADA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 62

TABLE 27 EUROPE: AUTOMOTIVE AFTERMARKET, BY COUNTRY, 2023-2032 (USD BILLION) 63

TABLE 28 EUROPE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 63

TABLE 29 PARTS: EUROPE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 64

TABLE 30 SERVICES: EUROPE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 64

TABLE 31 EUROPE: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 64

TABLE 32 EUROPE: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 65

TABLE 33 EUROPE: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 65

TABLE 34 GERMANY: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 66

TABLE 35 GERMANY: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 66

TABLE 36 GERMANY: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 66

TABLE 37 GERMANY: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 67

TABLE 38 U.K.: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 67

TABLE 39 U.K.: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 67

TABLE 40 U.K.: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 68

TABLE 41 U.K.: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 68

TABLE 42 FRANCE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 68

TABLE 43 FRANCE: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 69

TABLE 44 FRANCE: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 69

TABLE 45 FRANCE: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 69

TABLE 46 SPAIN: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 70

TABLE 47 SPAIN: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 70

TABLE 48 SPAIN: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 70

TABLE 49 SPAIN: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 71

TABLE 50 ITALY: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 71

TABLE 51 ITALY: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 72

TABLE 52 ITALY: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 72

TABLE 53 ITALY: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 72

TABLE 54 REST OF EUROPE: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 73

TABLE 55 REST OF EUROPE: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 73

TABLE 56 REST OF EUROPE: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 73

TABLE 57 REST OF EUROPE: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 74

TABLE 58 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY COUNTRY, 2023-2032 (USD BILLION) 75

TABLE 59 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 75

TABLE 60 PARTS: ASIA-PACIFIC: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 76

TABLE 61 SERVICES: ASIA-PACIFIC: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 76

TABLE 62 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 76

TABLE 63 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 77

TABLE 64 ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 77

TABLE 65 CHINA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 78

TABLE 66 CHINA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 78

TABLE 67 CHINA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 78

TABLE 68 CHINA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 79

TABLE 69 JAPAN: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 79

TABLE 70 JAPAN: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 79

TABLE 71 JAPAN: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 80

TABLE 72 JAPAN: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 80

TABLE 73 INDIA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 81

TABLE 74 INDIA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 81

TABLE 75 INDIA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 81

TABLE 76 INDIA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 82

TABLE 77 REST OF ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 82

TABLE 78 REST OF ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 82

TABLE 79 REST OF ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 83

TABLE 80 REST OF ASIA PACIFIC: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 83

TABLE 81 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY COUNTRY, 2023-2032 (USD BILLION) 84

TABLE 82 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 84

TABLE 83 PARTS: ROW: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 85

TABLE 84 SERVICES: ROW: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 85

TABLE 85 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 85

TABLE 86 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 86

TABLE 87 REST OF THE WORLD: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 86

TABLE 88 MIDDLE EAST AND AFRICA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 87

TABLE 89 MIDDLE EAST AND AFRICA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 87

TABLE 90 MIDDLE EAST AND AFRICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 87

TABLE 91 MIDDLE EAST AND AFRICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 88

TABLE 92 LATIN AMERICA: AUTOMOTIVE AFTERMARKET, BY OFFERINGS, 2023-2032 (USD BILLION) 88

TABLE 93 LATIN AMERICA: AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023-2032 (USD BILLION) 88

TABLE 94 LATIN AMERICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023-2032 (USD BILLION) 89

TABLE 95 LATIN AMERICA: AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023-2032 (USD BILLION) 89

TABLE 96 MAJOR GRANTED PATENTS ON AUTOMOTIVE AFTERMARKET (MAY 29, 2013 – MAY 29, 2018) 91

17 Lisrt of Figures

FIGURE 1 GLOBAL AUTOMOTIVE AFTERMARKET: MARKET STRUCTURE 19

FIGURE 2 RESEARCH PROCESS OF MRFR 21

FIGURE 3 TOP DOWN & BOTTOM UP APPROACH 24

FIGURE 4 OLDER CAR OWNERS EXHIBIT DESIRABLE MAINTENANCE BEHAVIORS 25

FIGURE 5 HEADQUARTERS OF PARTICIPATING COMPANIES 25

FIGURE 6 GLOBAL REVENUE DISTRIBUTION OF PARTICIPATING COMPANIES 26

FIGURE 7 INVESTMENT TREND IN AUTOMOTIVE AFTERMARKET BY MAJOR MANUFACTURERS 26

FIGURE 8 DRIVER, RESTRAINT AND TRENDS: GLOBAL AUTOMOTIVE AFTERMARKET 33

FIGURE 9 POTER’S FIVE FORCES ANALYSIS 38

FIGURE 10 SUPPLY CHAIN ANALYSIS: AUTOMOTIVE AFTERMARKET 39

FIGURE 11 GLOBAL AUTOMOTIVE AFTERMARKET, BY OFFERING, 2023 (%) 45

FIGURE 12 GLOBAL AUTOMOTIVE AFTERMARKET, BY CHANNEL, 2023(%) 48

FIGURE 13 GLOBAL AUTOMOTIVE AFTERMARKET, BY VEHICLE AGE, 2023 (%) 51

FIGURE 14 GLOBAL AUTOMOTIVE AFTERMARKET, BY VEHICLE TYPE, 2023 (%) 54

FIGURE 15 GLOBAL AUTOMOTIVE AFTERMARKET, BY REGION TYPE, 2023 (%) 56

FIGURE 16 MARKET SHARE ANALYSIS, 2023 (%) 94

FIGURE 17 COMPETITORS BENCHMARKING ANALYSIS, 2023 95

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Research Methodology on Automotive After market


The research methodology adopted for the study is comprehensive and consists of various processes and steps. The data has been collected from secondary and primary sources. Secondary research has been conducted by referring to industry whitepapers, government websites, and annual reports. Furthermore, sources such as the association of industry, journals, expert opinions and industry trends and developments are also included in the factorial study.


Primary research has been conducted through in-depth discussions and interviews with industry experts and key opinion leaders. Questions were asked regarding various aspects such as their opinion on the current market scenario and their views on the future of the Automotive and Aftermarket industry. The target respondent communities included in the study are automotive aftermarket and industry professionals.


Besides that, the research process also included interviews with key opinion leaders and stakeholders. The interviews aimed at understanding the customer perspective, OEM's views, government regulations and current market trends. The surveyed areas focused on market dynamics, drivers, restraints, forecasts and trends.


The study conducted by Market Research Future (MRFR) optimizes the use of both primary and secondary research by providing comprehensive information, which is regularly updated.


The research process begins with the identification of the market and its various trends, as well as the drivers & restraints of the market. Subsequently, the market is segmented, to identify key growth opportunity areas. Market sizing is conducted during the market segmentation stage and is done while keeping in mind the chosen segment. After completing the market sizing, the next step is to conduct extensive market research to acquire market insights and an in-depth industry overview.


The information gathered is subjected to qualitative & quantitative analysis by using advanced tools such as Porter's Five Force Analysis, SWOT analysis, Multi-factor Analysis and Primary & Secondary Research. After this, a statistical forecast is estimated and included in the report. The statistical forecast is a result of a variety of factors, including primary and secondary data collected from the industry, government databases, and third-party sources. The information is then validated, goes through data triangulation, and is verified for its accuracy.


To assess the overall global Automotive Aftermarket Industry, the report has taken into consideration the findings of different industry bodies and research firms. The market size has been determined by the industry's volume and value, which is then confirmed through primary research. Furthermore, a detailed Porter's Five Force analysis was performed to assess the level of competition in the market.


The following data is sourced and studied while coming up with a global market landscape and competitive analysis.


- Company Profiles with Business Overview


- Revenue & Operating Margin


- Financial Information


- Product Offering


- Application Landscape


- SWOT Analysis


The report is divided into different sections that include:


- Market Overview


- Market Dynamics


- Market Segmentation


- Regional Analysis


- Competitor Analysis


- Value Chain Analysis


- Market Forecast for 2023 to 2030


- Investment Analysis


The research process involves a detailed study and analysis of the Automotive Aftermarket Industry. This includes market sizing, industry segmentations and further in-depth evaluation of the market. Furthermore, accurate quantitative and qualitative data is collected and analyzed. This data is then compared with other countries to get an accurate and reliable estimate of the market.


Eventually, the market is projected in terms of value, which helps to understand the market scope in a better manner. Moreover, the report provides a detailed overview of the competitive landscape in the Automotive Aftermarket Industry. This is done by analyzing the current and existing players in the Automotive Aftermarket Industry. Furthermore, global market research is conducted in order to get an understanding of the movements of the automotive aftermarket industry on a global level.


To assess the competitiveness of the market, Porter's five forces analysis is used. It includes the bargaining power of suppliers & buyers, the threat of new entrants, the threat of substitutes, competitive rivalry and the threat of existing competitors. Further, the report provides an understanding of the existing competitive landscape and an overview of the competitive strategies which can be employed by the existing players to gain a competitive edge.


Lastly, the report also covers the major growth opportunities and challenges which can be provided by the market in the coming years. The report provides a detailed assessment of the various factors which will be driving the global market in the future. Furthermore, the report covers the current and future market trends, scope of growth and estimated market size. The report also provides an understanding of the macroeconomic outlook, which is crucial to determine the outlook of the Automotive Aftermarket Industry.

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