1. Market Research
  2. > Automotive Market Trends
  3. > Auto Aftermarket

Automotive Aftermarket: Latest Industry Statistics and Trends

  • Currently 5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
1 vote

The Automotive Aftermarket Industry

The automotive aftermarket is the secondary market of the automotive industry. The aftermarket covers all parts and services purchased for light and heavy duty vehicles after the original sale, including replacement parts, accessories, lubricants, appearance products and service repairs.

Continental, Bosch, Magna, Denso, Hundai Mobis, Bridgestone, and Michelin are some of the largest global automotive parts and service suppliers. Of these, the “Bosch” repair-shop franchise is one of the world’s largest independent chains of repair-shops, with about 16,500 franchises.

Key Market Segments

The aftermarket business can be grouped into three different categories:

Maintenance and Repair: batteries, automotive lighting, battery accessories, body repair, electrical, filters, light-duty shop equipment, spark plugs, tape and wipers.

Accessories and Appearance: air fresheners, appearance accessories, appearance chemicals, cargo management, exterior accessories, interior accessories, paint/coatings, tire and wheel accessories, towing and hitch.

Chemicals, Additives and Fluids: antifreeze / coolants, fluid management accessories, greases/lubes, hand care, motor oil, performance chemicals, refrigerants and accessories, sealants/adhesives/compounds, transmission fluids and washer fluids.

Although the vehicle aftermarket is highly fragmented, there are two main channels—the authorized and the independent.

The authorized channel consists of vehicle manufacturers (VMs) and their dealer networks and repair shops. Some of these are authorized to service a single brand while others service multiple brands.

The independent channel consists of service providers that have no contractual ties to any VM. They often collaborate with other independent providers to form purchasing networks, which buy in volume to secure better prices on wholesale parts sold by independent distributors.

Independent retail service providers can be classified into three types: (1) franchises that offer a full range of services and are part of a dealer network or franchise system; (2) automotive centers and “fast fitters,” i.e., repair shops with standardized and often limited service offers that frequently include parts; and (3) “corner” repair shops that offer a full range of services and function completely independently. 

Regional Market Shares

The main regional segments for the global automotive aftermarket include Europe, the U.S., and Asia.

Europe:  This region is the world's largest vehicle aftermarket, accounting for around €230 billion in parts alone, according to Verdict Retail. Maintenance parts such as tires and lighting, and electronic parts are the main product types in this business across Europe. Future growth across the region is expected to be driven by expanding vehicle ownership in Eastern Europe, led by Russia and Poland. In Western Europe increased maintenance and repairs for ageing automobiles are likely to provide opportunities. This pattern is expected to  support growth to €249 billion for parts over the next few years; market value in the UK is expected to rise to €33 billion and in Germany to €45 billion.

The US: The automotive aftermarket business in the US is a $247 billion industry. The largest product categories are mechanical products, which include engine hard parts, chassis and drive train, and suspension parts and components. Aging vehicles are expected to generate revenue for the industry, which is expected to grow to $273 billion within the foreseeable future.

ASEAN: The ASEAN Automotive Aftermarket is driven by growing demand for general automotive repairs and transmission repairs such as starters and alternators, brake services, lubricants tires, filters, and batteries. Other factors propelling growth in this industry is the cost of the automotive aftermarket parts which is lower than for original parts, and  consumer preference for customized exterior and interior components and accessories. Together these are expected to drive the market to $37.7 billion in the next few years.

Read more »

Share
24/7 Customer Support

Talk to Sam

+1 646 893 5945

1-10 of 63 reports

Global Auto Aftermarket Industry

  • June 2017
    26 pages
  • Auto Aftermarke...  

  • World  

    United States  

View report >

Auto Aftermarket Industry in Europe and the US

  • June 2017
    25 pages
  • Auto Aftermarke...  

    Auto Aftermarke...  

  • Europe  

    United States  

    Russian Federat...  

View report >

The future of the Auto Aftermarket Industry in Europe

  • June 2017
    36 pages
  • Auto Aftermarke...  

  • Europe  

View report >

Auto Aftermarket Industry in Germany

  • April 2016
    13 pages
  • Auto Aftermarke...  

  • Germany  

View report >

Auto Aftermarket Markets in the US and the UK

  • April 2017
    8 pages
  • Auto Aftermarke...  

  • United States  

    United Kingdom  

View report >

Auto Aftermarket Industry in China - Forecast

  • July 2017
    10 pages
  • Auto Aftermarke...  

  • China  

View report >

The future of the Auto Aftermarket Industry in South Africa

  • June 2015
    6 pages
  • Auto Aftermarke...  

  • South Africa  

    United Kingdom  

    Africa  

View report >

Auto Aftermarket Industry in Australia - Forecast

  • May 2015
    6 pages
  • Auto Aftermarke...  

    Automotive  

  • Australia  

    Oceania  

View report >

Auto Aftermarket Supply in Australia

  • January 2015
    6 pages
  • Auto Aftermarke...  

  • Australia  

    Indonesia  

    Oceania  

View report >

The future of the Auto Aftermarket Industry in Europe

  • June 2017
    36 pages
  • Auto Aftermarke...  

  • Europe  

View report >

Search in Auto Aftermarket Industry (63 reports)
Parent industry: Automotive
Related industries: Tire, Road Transport, Auto Parts, Auto Retail, Road Safety, Motor Vehicle, Auto Services, Used Car

About 200 reports

Purchase Reports From Reputable Market Research Publishers
(From $ 750 - $ 20000)

US Automotive Technicians’ Choice Survey of Replacement Parts, 2016

  • $ 20000
  • Industry report
  • May 2017
  • by Frost & Sullivan

Technicians Shifting to Digital Platforms The importance of technicians as customers for part suppliers continues to grow with the continued expansion of the Do-It-For-Me (DIFM) channel in the US automotive ...

Automotive Aftermarket Fuel Additives Market By Applica ...

October 2016 $ 12000

2017 Global Automotive Aftermarket Outlook

March 2017 $ 10000

E-commerce Automotive Aftermarket Market - Global Indus ...

July 2017 $ 5795

Wiper Motor Aftermarket By Vehicle Type, And Region - G ...

October 2016 $ 5650

Aftermarket Parts In Construction Industry Market - B ...

April 2016 $ 5250

Strategic Analysis Of Nigerian Passenger Vehicles And C ...

September 2016 $ 4950

Strategic Analysis Of The South African Automotive Filt ...

September 2016 $ 4950

Strategic Analysis Of Algerian Automotive Filters After ...

August 2016 $ 4950

North American Category Management Report 2016—ride C ...

June 2016 $ 4950

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.