Report Description
The market insight report published by DataGuru Research Partners on Global Automotive Aftermarket Market provides in-depth market analysis at global, regional as well country level analysis for all segments and sub-segments considered under the scope of the report. Further, the research reports provide insights about market dynamics, key trends, technology trends analysis, value chain analysis, porter’s five forces analysis, used cases analysis, competition landscape analysis, market share analysis and company profiles of key market players. The market dynamics further include key drivers, restraints, and opportunities responsible for market growth during the forecast period.
The automotive aftermarket refers to the secondary market of the automotive industry that deals with replacement parts, accessories, equipment, and services for vehicles after they have been sold by the original manufacturer (OEM).
Key components of the automotive aftermarket:
- Replacement parts: Parts used to replace worn-out, damaged, or failed original components (e.g. brake pads, filters, batteries).
- Accessories: Products that enhance the vehicle’s appearance, comfort, or performance (e.g. alloy wheels, seat covers, infotainment systems).
- Services: Maintenance and repair services provided by workshops, garages, or service centers.
- Equipment & tools: Tools used in vehicle servicing and repair.
Market Overview
The Global Automotive Aftermarket Market was valued at USD 420.14 Billion in 2023 and is estimated to reach at USD 563.6 Billion in 2031 growing at a CAGR of 3.74% over the forecast period from 2025-2031. The report would provide you with market size estimates both in terms of revenue (USD Million) and volume (Million Units) for the time period from 2023 to 2031. The report would provide various factors responsible for growth of the market across various geographies considered under the scope of the study. The report covers in-depth global and regional level analysis of various market segmentations based on By Part Type, Vehicle Type, and Region.
Market Dynamics
Below are the few of the factors impacting the growth of the Global Automotive Aftermarket Market:
- Increasing Number of Vehicles: The global vehicle parc (total number of vehicles on the road) is growing, particularly in developing regions, which directly expands the aftermarket base.
- Higher Vehicle Usage and Mileage: Rising vehicle usage — due to longer commutes and greater dependency on road transport — results in more wear and tear.
- Rising Demand for Quality and Durable Parts: Consumers are increasingly looking for high-performance, durable, and reliable components to prolong vehicle life.
- Technological Advancements: Modern vehicles are more sophisticated, requiring specialized knowledge, diagnostics, and components — this drives service and maintenance opportunities.
Regional Analysis
Based on region, Global Automotive Aftermarket Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is divided into United States, Canada, and Mexico. Europe is bifurcated into Germany, U.K., France, Italy, Spain and Rest of Europe. The key countries covered under Asia Pacific region includes China, Japan, India, South East Asia and Rest of Asia Pacific. Middle East & Africa is bifurcated into UAE, Saudi Arabia, South Africa and Rest of MEA. Finally, Latin America is divided into Brazil, Argentina and Rest of Latin America.
Competition Landscape
The report covers company profiles and competition analysis of major players operating under Global Automotive Aftermarket Market. The company profile section includes Company Overview, Financials, Business Overview, Recent Developments, Key Strategies, Product Mapping, Regional Presence, etc. Further, the competition analysis provides you with details about Competitor Overview, Market Share Analysis, Company Performance based on Various Parameters, etc. The major players operating in Global Automotive Aftermarket Market are Robert Bosch GmbH, Denso Corporation, Magna International Inc., Continental AG, ZF Friedrichshafen AG, Aisin Seiki Co., Lear Corp., Bridgestone Corporation, Faurecia, and Valeo SA.
Market Segmentation
The Global Automotive Aftermarket Market can be segmented on the basis of By Part Type, Vehicle Type, and Region. Further, the report would provide a detailed analysis based on below mentioned market segmentation at the global as well regional levels.
Global Automotive Aftermarket Market Scope:
Global Automotive Aftermarket Market | |||
Base Year | 2024 | Historical Year | 2023 |
Forecast Period | 2025-2031 | CAGR (2025-2031) | 3.74% |
Market Size in 2023 | 420.14 Billion | Market Size in 2031 | 563.6 Billion |
Segments Covered | By By Part Type | • Battery | |
• Brake Pads | |||
• Filters | |||
• Gasket & Seals | |||
• Lighting Component | |||
• Body Part | |||
• Wheels & Tyres | |||
• Others | |||
By Vehicle Type | • Passenger Cars | ||
• Commercial Vehicles |
Global Automotive Aftermarket Market by, Region and Countries:
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South East Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
Reason to Purchase the Report:
- Latest trends in the market
- In depth market segmentation and cross regional / country analysis
- Market dynamics analysis including drivers, restraints and opportunities in the market
- Market sizing and segment analysis
- Competition Analysis including profiling of key market players
- Market share analysis and key strategies adopted by key players
- Recent developments and technological advancement by key players in the market
- Key takeaways from the research findings to take strategic decision in business needs