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Outlook of the Global Automotive Aftermarket 

  • February 2016
  • -
  • Frost & Sullivan
  • -
  • 78 pages

2016 Outlook of the Global Automotive Aftermarket : Global Aftermarket Revenues Forecasted to Grow at 4.7% Globally in 2016

Global vehicles in operation will increase sharply over the 2016–2020 period, driving new opportunities for light vehicle parts and service providers. This research compiles findings from various deliverables published over the past two years. It covers growth prospects for the global automotive aftermarket in North America, Europe, China, India, and Latin America. The research includes vehicles in operation analysis, revenue forecasts, and top parts, and service providers by region. It also includes an analysis of Mega Trends impacting the global automotive aftermarket, with a specific focus on electronic parts retailing. Conclusions and future outlook are presented for each region.

Executive Summary—Key Highlights of 2015

Increased Original Equipment Service (OES) participation along with consolidation of traditional distribution channels in developing markets were the key highlights of 2015.

Lower than Expected Growth in China and Latin America

- Total manufacturer-level parts revenue (including maintenance, repair, body/collision, and accessories) was $ billion in 2015.
- Revenue grew by nearly % in 2015, with growth stifled a bit in China and Latin American countries.

Vehicle Ownership Trends Drove Growth in Aftermarket Demand

- Growing vehicles in operation, especially in emerging markets will be the biggest driver for aftermarket demand. Frost & Sullivan expects the global Vehicles in Operation (VIO) to increase from billion in 2015, from billion in 2014.
- Increasing average vehicle age largely contributed to the growth of aftermarket revenues in 2015.

Strengthening of the OES Channel Across the Globe

- The OES channel gained 1 to 2 market share points worldwide because of the high growth of new vehicle sales in countries (such as India and China) that lack traditional aftermarket infrastructure.
- OEMs introduced more aftermarket parts (such as Mopar in the US) and expanded independent garage networks.

Traditional Aftermarket Participants Explore Geographic Expansion Options

- Development and expansion of traditional distribution channels to emerging regions (particularly China), as North American and European groups (such as the Aftermarket Auto Parts Alliance) are partnering with Asian wholesalers.
- Developed regions continued to evolve away from three-step distribution, with closure of more jobber stores.

Key Questions This Study Will Answer

- What are the main factors that influence the size and direction of the global automotive aftermarket?
- How does the industry structure vary from region to region?
- Which emerging distribution channels will offer opportunities for growth and differentiation?
- What is the position and competitive outlook of leading global automakers in the aftermarket?
- How are emerging regions currently being served, or underserved, by automotive parts and services suppliers?

Table Of Contents

Outlook of the Global Automotive Aftermarket 
1EXECUTIVE SUMMARY

Executive Summary
1 Executive Summary—Key Highlights of 2015
2 2016-2017 Aftermarket Industry Senior Management Top-of-Mind Issues
3 Executive Summary—Top 6 Predictions of 2016

2RESEARCH SCOPE, OBJECTIVES, BACKGROUND, AND METHODOLOGY

Research Scope, Objectives, Background, and Methodology
1 Definitions
2 Research Aim and Objectives
3 Key Questions This Study Will Answer
4 Research Background
5 Research Methodology

3GLOBAL AFTERMARKET OVERVIEW

Global Aftermarket Overview
1 Key Aftermarket Trends in 2016
2 Key Aftermarket Trends in 2016
3 Global Light Vehicles in Operation
4 Global Aftermarket Revenue Market Size Potential
5 Global Aftermarket—Growth Opportunity Analysis
6 Aftermarket Outlook—Regions With Uncertain Fortunes in 2016
7 Top IAM Participants—Global
8 Global Aftermarket Outlook—New Entrants and Disruptive Models
9 Parts eRetailing Key Transformative Trends Across Regions
10 Automotive Aftermarket—eRetailing Penetration
11 Service Aggregators' Geographical Presence

42016 KEY FOCUS AREA—TECHNOLOGY IN SERVICE BAY

2016 Key Focus Area—Technology in Service Bay
1 Aftermarket Outlook—Emerging Technologies in the Bay
2 Aftermarket Outlook—Trends Impacting Vehicle Service
3 Aftermarket Outlook—Future Service Delivery Models
4 Aftermarket Outlook—Garage of Tomorrow

5NORTH AMERICAN AUTOMOTIVE AFTERMARKET

North American Automotive Aftermarket
1 Regional Outlook—US
2 Regional Outlook—Canada
3 North America—Aftermarket Dashboard
4 Vehicles in Operation—North America
5 Vehicles in Operation—North America
6 Aftermarket Parts Revenue—North America
7 Automotive Aftermarket—Opportunity Areas

6EUROPEAN AUTOMOTIVE AFTERMARKET

European Automotive Aftermarket
1 Regional Outlook—EU28
2 Regional Outlook—Russia
3 Europe—Aftermarket Dashboard
4 Vehicles in Operation—Europe
5 Vehicle in Operation—Ownership Pattern, Europe
6 Aftermarket Parts Revenue—Europe
7 Automotive Aftermarket—Opportunity Areas

7CHINESE AUTOMOTIVE AFTERMARKET

Chinese Automotive Aftermarket
1 Regional Outlook—China
2 China—Aftermarket Dashboard
3 Vehicles in Operation—China
4 Vehicle in Operation—Ownership Pattern, China
5 Aftermarket Parts Revenue—China
6 Automotive Aftermarket—Opportunity Areas

8LATIN AMERICAN AUTOMOTIVE AFTERMARKET

Latin American Automotive Aftermarket
1 Regional Outlook—Latin America
2 Latin America—Aftermarket Dashboard
3 Vehicles in Operation—Latin America
4 Vehicle in Operation—Ownership Pattern, Latin America
5 Aftermarket Parts Revenue—Latin America
6 Automotive Aftermarket—Opportunity Areas

9INDIA AUTOMOTIVE AFTERMARKET

India Automotive Aftermarket
1 Regional Outlook—India
2 India—Aftermarket Dashboard
3 Vehicles in Operation—India
4 Vehicle in Operation—Ownership Pattern, India
5 Aftermarket Parts Revenue—India
6 Automotive Aftermarket—Opportunity Areas

10REST OF THE WORLD AUTOMOTIVE AFTERMARKET

Rest of the World Automotive Aftermarket
1 Aftermarket Outlook—Revenue by Parts Type, ASEAN
2 Aftermarket Outlook—Revenue by Parts Type, Australia
3 Aftermarket Outlook—Revenue by Country, GCC
4 Aftermarket Opportunity Area—Africa

11KEY CONCLUSION AND FUTURE OUTLOOK

Key Conclusion and Future Outlook
1 Key Conclusion and 2016 Outlook
2 Legal Disclaimer

12APPENDIX

Appendix
1 Table of Acronyms Used
2 Planned 2016 Research
3 Planned 2016 Research

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