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Global Automotive Aftermarket Market Research Report 2024
Synopsis
The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories.
The global Automotive Aftermarket market was valued at US$ 1021990 million in 2023 and is anticipated to reach US$ 1286250 million by 2030, witnessing a CAGR of 3.3% during the forecast period 2024-2030.
United States is the largest market of the automotive aftermarket with share over 28.8%. China will rank the first worldwide in sales for an eighth straight year.
Bridgestone, Michelin, Autozone, Genuine Parts Company, Goodyear, Continental, Advance Auto Parts, O'Reilly Auto Parts, Bosch are the main players in the market. The top 5 occupied 6% in 2019, the whole market is quite competitive.
Wear and Tear Parts is the most important type of Automotive Aftermarket, its market share is 43% in 2019, then followed by Tire Service and Crash Relevant Parts, which occupied 13.7% and 13.1% respectively.
Passengers car needs more services in automotive aftermarket compared to Commercial Vehicle, it took nearly 70% of the market.
This report aims to provide a comprehensive presentation of the global market for Automotive Aftermarket, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Aftermarket.
Report Scope
The Automotive Aftermarket market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive Aftermarket market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Aftermarket companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Bridgestone
Michelin
Autozone
Genuine Parts Company
Goodyear
Continental
Advance Auto Parts
O'Reilly Auto Parts
Bosch
Tenneco
Belron International
Denso
Driven Brands
China Grand Automotive
Zhongsheng Group
3M Company
Yongda Group
Monro
Delphi
Tuhu Auto
Segment by Type
Wear and Tear Parts
Crash Relevant Parts
Maintenance Service
Diagnostics Products and Service
Tire Service
Other
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Automotive Aftermarket companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories.
The global Automotive Aftermarket market was valued at US$ 1021990 million in 2023 and is anticipated to reach US$ 1286250 million by 2030, witnessing a CAGR of 3.3% during the forecast period 2024-2030.
United States is the largest market of the automotive aftermarket with share over 28.8%. China will rank the first worldwide in sales for an eighth straight year.
Bridgestone, Michelin, Autozone, Genuine Parts Company, Goodyear, Continental, Advance Auto Parts, O'Reilly Auto Parts, Bosch are the main players in the market. The top 5 occupied 6% in 2019, the whole market is quite competitive.
Wear and Tear Parts is the most important type of Automotive Aftermarket, its market share is 43% in 2019, then followed by Tire Service and Crash Relevant Parts, which occupied 13.7% and 13.1% respectively.
Passengers car needs more services in automotive aftermarket compared to Commercial Vehicle, it took nearly 70% of the market.
This report aims to provide a comprehensive presentation of the global market for Automotive Aftermarket, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive Aftermarket.
Report Scope
The Automotive Aftermarket market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive Aftermarket market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive Aftermarket companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Bridgestone
Michelin
Autozone
Genuine Parts Company
Goodyear
Continental
Advance Auto Parts
O'Reilly Auto Parts
Bosch
Tenneco
Belron International
Denso
Driven Brands
China Grand Automotive
Zhongsheng Group
3M Company
Yongda Group
Monro
Delphi
Tuhu Auto
Segment by Type
Wear and Tear Parts
Crash Relevant Parts
Maintenance Service
Diagnostics Products and Service
Tire Service
Other
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Automotive Aftermarket companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Automotive Aftermarket Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Wear and Tear Parts
1.2.3 Crash Relevant Parts
1.2.4 Maintenance Service
1.2.5 Diagnostics Products and Service
1.2.6 Tire Service
1.2.7 Other
1.3 Market by Application
1.3.1 Global Automotive Aftermarket Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Passenger Vehicle
1.3.3 Commercial Vehicle
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Automotive Aftermarket Market Perspective (2019-2030)
2.2 Automotive Aftermarket Growth Trends by Region
2.2.1 Global Automotive Aftermarket Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Automotive Aftermarket Historic Market Size by Region (2019-2024)
2.2.3 Automotive Aftermarket Forecasted Market Size by Region (2025-2030)
2.3 Automotive Aftermarket Market Dynamics
2.3.1 Automotive Aftermarket Industry Trends
2.3.2 Automotive Aftermarket Market Drivers
2.3.3 Automotive Aftermarket Market Challenges
2.3.4 Automotive Aftermarket Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Automotive Aftermarket Players by Revenue
3.1.1 Global Top Automotive Aftermarket Players by Revenue (2019-2024)
3.1.2 Global Automotive Aftermarket Revenue Market Share by Players (2019-2024)
3.2 Global Automotive Aftermarket Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Automotive Aftermarket Revenue
3.4 Global Automotive Aftermarket Market Concentration Ratio
3.4.1 Global Automotive Aftermarket Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Automotive Aftermarket Revenue in 2023
3.5 Automotive Aftermarket Key Players Head office and Area Served
3.6 Key Players Automotive Aftermarket Product Solution and Service
3.7 Date of Enter into Automotive Aftermarket Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Automotive Aftermarket Breakdown Data by Type
4.1 Global Automotive Aftermarket Historic Market Size by Type (2019-2024)
4.2 Global Automotive Aftermarket Forecasted Market Size by Type (2025-2030)
5 Automotive Aftermarket Breakdown Data by Application
5.1 Global Automotive Aftermarket Historic Market Size by Application (2019-2024)
5.2 Global Automotive Aftermarket Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Automotive Aftermarket Market Size (2019-2030)
6.2 North America Automotive Aftermarket Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Automotive Aftermarket Market Size by Country (2019-2024)
6.4 North America Automotive Aftermarket Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Automotive Aftermarket Market Size (2019-2030)
7.2 Europe Automotive Aftermarket Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Automotive Aftermarket Market Size by Country (2019-2024)
7.4 Europe Automotive Aftermarket Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Automotive Aftermarket Market Size (2019-2030)
8.2 Asia-Pacific Automotive Aftermarket Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Automotive Aftermarket Market Size by Region (2019-2024)
8.4 Asia-Pacific Automotive Aftermarket Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Automotive Aftermarket Market Size (2019-2030)
9.2 Latin America Automotive Aftermarket Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Automotive Aftermarket Market Size by Country (2019-2024)
9.4 Latin America Automotive Aftermarket Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Automotive Aftermarket Market Size (2019-2030)
10.2 Middle East & Africa Automotive Aftermarket Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Automotive Aftermarket Market Size by Country (2019-2024)
10.4 Middle East & Africa Automotive Aftermarket Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Bridgestone
11.1.1 Bridgestone Company Detail
11.1.2 Bridgestone Business Overview
11.1.3 Bridgestone Automotive Aftermarket Introduction
11.1.4 Bridgestone Revenue in Automotive Aftermarket Business (2019-2024)
11.1.5 Bridgestone Recent Development
11.2 Michelin
11.2.1 Michelin Company Detail
11.2.2 Michelin Business Overview
11.2.3 Michelin Automotive Aftermarket Introduction
11.2.4 Michelin Revenue in Automotive Aftermarket Business (2019-2024)
11.2.5 Michelin Recent Development
11.3 Autozone
11.3.1 Autozone Company Detail
11.3.2 Autozone Business Overview
11.3.3 Autozone Automotive Aftermarket Introduction
11.3.4 Autozone Revenue in Automotive Aftermarket Business (2019-2024)
11.3.5 Autozone Recent Development
11.4 Genuine Parts Company
11.4.1 Genuine Parts Company Company Detail
11.4.2 Genuine Parts Company Business Overview
11.4.3 Genuine Parts Company Automotive Aftermarket Introduction
11.4.4 Genuine Parts Company Revenue in Automotive Aftermarket Business (2019-2024)
11.4.5 Genuine Parts Company Recent Development
11.5 Goodyear
11.5.1 Goodyear Company Detail
11.5.2 Goodyear Business Overview
11.5.3 Goodyear Automotive Aftermarket Introduction
11.5.4 Goodyear Revenue in Automotive Aftermarket Business (2019-2024)
11.5.5 Goodyear Recent Development
11.6 Continental
11.6.1 Continental Company Detail
11.6.2 Continental Business Overview
11.6.3 Continental Automotive Aftermarket Introduction
11.6.4 Continental Revenue in Automotive Aftermarket Business (2019-2024)
11.6.5 Continental Recent Development
11.7 Advance Auto Parts
11.7.1 Advance Auto Parts Company Detail
11.7.2 Advance Auto Parts Business Overview
11.7.3 Advance Auto Parts Automotive Aftermarket Introduction
11.7.4 Advance Auto Parts Revenue in Automotive Aftermarket Business (2019-2024)
11.7.5 Advance Auto Parts Recent Development
11.8 O'Reilly Auto Parts
11.8.1 O'Reilly Auto Parts Company Detail
11.8.2 O'Reilly Auto Parts Business Overview
11.8.3 O'Reilly Auto Parts Automotive Aftermarket Introduction
11.8.4 O'Reilly Auto Parts Revenue in Automotive Aftermarket Business (2019-2024)
11.8.5 O'Reilly Auto Parts Recent Development
11.9 Bosch
11.9.1 Bosch Company Detail
11.9.2 Bosch Business Overview
11.9.3 Bosch Automotive Aftermarket Introduction
11.9.4 Bosch Revenue in Automotive Aftermarket Business (2019-2024)
11.9.5 Bosch Recent Development
11.10 Tenneco
11.10.1 Tenneco Company Detail
11.10.2 Tenneco Business Overview
11.10.3 Tenneco Automotive Aftermarket Introduction
11.10.4 Tenneco Revenue in Automotive Aftermarket Business (2019-2024)
11.10.5 Tenneco Recent Development
11.11 Belron International
11.11.1 Belron International Company Detail
11.11.2 Belron International Business Overview
11.11.3 Belron International Automotive Aftermarket Introduction
11.11.4 Belron International Revenue in Automotive Aftermarket Business (2019-2024)
11.11.5 Belron International Recent Development
11.12 Denso
11.12.1 Denso Company Detail
11.12.2 Denso Business Overview
11.12.3 Denso Automotive Aftermarket Introduction
11.12.4 Denso Revenue in Automotive Aftermarket Business (2019-2024)
11.12.5 Denso Recent Development
11.13 Driven Brands
11.13.1 Driven Brands Company Detail
11.13.2 Driven Brands Business Overview
11.13.3 Driven Brands Automotive Aftermarket Introduction
11.13.4 Driven Brands Revenue in Automotive Aftermarket Business (2019-2024)
11.13.5 Driven Brands Recent Development
11.14 China Grand Automotive
11.14.1 China Grand Automotive Company Detail
11.14.2 China Grand Automotive Business Overview
11.14.3 China Grand Automotive Automotive Aftermarket Introduction
11.14.4 China Grand Automotive Revenue in Automotive Aftermarket Business (2019-2024)
11.14.5 China Grand Automotive Recent Development
11.15 Zhongsheng Group
11.15.1 Zhongsheng Group Company Detail
11.15.2 Zhongsheng Group Business Overview
11.15.3 Zhongsheng Group Automotive Aftermarket Introduction
11.15.4 Zhongsheng Group Revenue in Automotive Aftermarket Business (2019-2024)
11.15.5 Zhongsheng Group Recent Development
11.16 3M Company
11.16.1 3M Company Company Detail
11.16.2 3M Company Business Overview
11.16.3 3M Company Automotive Aftermarket Introduction
11.16.4 3M Company Revenue in Automotive Aftermarket Business (2019-2024)
11.16.5 3M Company Recent Development
11.17 Yongda Group
11.17.1 Yongda Group Company Detail
11.17.2 Yongda Group Business Overview
11.17.3 Yongda Group Automotive Aftermarket Introduction
11.17.4 Yongda Group Revenue in Automotive Aftermarket Business (2019-2024)
11.17.5 Yongda Group Recent Development
11.18 Monro
11.18.1 Monro Company Detail
11.18.2 Monro Business Overview
11.18.3 Monro Automotive Aftermarket Introduction
11.18.4 Monro Revenue in Automotive Aftermarket Business (2019-2024)
11.18.5 Monro Recent Development
11.19 Delphi
11.19.1 Delphi Company Detail
11.19.2 Delphi Business Overview
11.19.3 Delphi Automotive Aftermarket Introduction
11.19.4 Delphi Revenue in Automotive Aftermarket Business (2019-2024)
11.19.5 Delphi Recent Development
11.20 Tuhu Auto
11.20.1 Tuhu Auto Company Detail
11.20.2 Tuhu Auto Business Overview
11.20.3 Tuhu Auto Automotive Aftermarket Introduction
11.20.4 Tuhu Auto Revenue in Automotive Aftermarket Business (2019-2024)
11.20.5 Tuhu Auto Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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