The Global Automotive Aftermarket Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding the companies more precisely to make better informed decisions.
Major Players are:
3M Company, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Eaton, Robert Bosch GmbH, McKinsey & Company, Cerasis
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The automotive aftermarket is going in dramatic changes by evolving customer expectations and competitive power. These variations provide the shape of their customers, automotive suppliers, and another aftermarket. The technological developments are expected to disrupt the automotive aftermarket over the next 5 to 10 years. The growth rate of the automotive aftermarket industry is expected to grow at a rate of 3% per annum through 2030. China will become the major driver in the growth of the automotive aftermarket due to the aggressive enhancement of OEMs into aftermarket activities and digitization of channels. The major issue faced by aftermarket suppliers is their ability to survive in the future due to the lack of aftermarket value chain.
Recent Developments in Global Automotive Aftermarket Market:
In May 2019, Castrol India Limited announced the partnership with 3M to bring market-leading vehicle care products to the automotive aftermarket. Through this partnership, Castrol enters into USD 200 million vehicle care market in India, by developing app
The Global Automotive Aftermarket Market segments and Market Data Break Down are illuminated below:
Study by Sales Channels (OEM, IAM, OES, Aftermarket), Categories (Additives and Performance Chemicals, Automotive Batteries, Automotive Tire & Tubes, Collision Repair Equipment, Diagnostic Equipment, Garage Equipment & Tools, Mechanical Handling & Testing Equipment, Replacement Parts), Vehicle (Light-Duty Vehicle, Medium-Duty Vehicle, Heavy-Duty Vehicle)
Rapid Adoption of New Technologies Such As Big Data and Advanced Analytics for both Revenue and Cost Sides
High Growth in Digitization of Channels Such As E-Commerce, Raising the Price Transparency for the Customers
Growing Importance of Fleet Customers Require Differentiated Service Offerings
The emergence of Next-Generation Vehicles Such As Green Consciousness, Autonomous Driving, Connected Vehicles
Increase the Average Age of Vehicles
Years considered for this report:
- Historical Years: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Period: 2020-2027
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Current Scenario Analysis for Decision Framework
Key Strategic Developments in Automotive Aftermarket Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.
Key Market Features in Global Automotive Aftermarket Market
The report highlights Automotive Aftermarket market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Automotive Aftermarket market share and annualized growth rate (Y-o-Y) and Periodic CAGR.
Important Facts about Global Automotive Aftermarket Market Report:
- Market share valuations of the segments on country and global level
- Share analysis of the major market players
- Opportunities for new market entrants
- Market forecast for a minimum of six years for all the segments, sub-segments in various countries and regions
- Market Trends (drivers, restraints, opportunities, threats, challenges, investment opportunities, and approvals)
- Strategic endorsements in key business segments on the basis of market valuations
- Competitive scenario mapping the key development patterns.
- Company profiling with comprehensive strategies, financial details, and recent progressions.
- Supply chain trends representing the latest technological advancements.
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Extract from Table of Content:
Chapter 01 – Executive Summary
1.1 Snapshot of the key findings and key statistics.
1.2 Market value (US$ million).
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
3.1 Strategies adopted by key market participants and factors that have turned into success.
3.2 Additional viewpoint on global average pricing analysis benchmark, and consumer’s sentiments’ analysis.
Chapter 04 – Covid-19 Crisis Analysis on Global Automotive Aftermarket Market
Chapter 05 – Global Automotive Aftermarket Market – Pricing Analysis
Chapter 06 – Global Automotive Aftermarket Market Background
6.1 Macroeconomic factors affecting the Global Automotive Aftermarket market
6.2 Explore supply chain and value chain analysis.
6.3 In-depth information about the market dynamics and their consequences.
Chapter 07 — Global Automotive Aftermarket Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Automotive Aftermarket Market
Chapter 09 – Global Automotive Aftermarket Market Structure Analysis
Chapter 10 – Global Automotive Aftermarket Market Competitive Analysis
10.1 Market Concentration Rate
10.2 Competition Scenario: BCG Matrix [Relative Market Share v/s Revenue Growth Rate]
10.3 Heat Map Analysis
10.4 Comparative Market Share Analysis by Players (2018-2019) Rank, [% Market Share, Market Revenue]
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology
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