Global Automotive Aftermarket Analysis By Replacement Part And Segment Forecast, 2014 – 2025:Radiant Insights, Inc

The global automotive aftermarket is expected to reach USD 486.36 billion by 2025, according to a new report by Grand View Research, Inc. Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, electric vehicles, and hybrid & autonomous cars, in the years to come, is further expected to bolster the new component market growth. The market can be categorized, based on replacement parts, into tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, and exhaust components.

The increasing vehicle penetration is driven by the overall improvement of lifestyle in the developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in the region. Similar surges in the automotive manufacturing sector across various regions along with the increasing stringent emissions norms are expected to drive the growth of automotive aftermarket component sales over the forecast period.

The Asia-Pacific regional market is expected to be the fastest growing market for automotive collision repair services over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With the growing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated toward repair of particular vehicles are expected to increase.

The global automotive aftermarket is expected to witness tremendous growth due to an upsurge in the number of vehicle collisions along with the inclination of owners toward repair of their automobiles.

Further key findings from the report suggest:

The automotive aftermarket is estimated to grow significantly over the forecast period, owing to an increase in the number of lightweight vehicles coupled with the increasing age of the light vehicle fleet

North America has a higher technology adoption rate, which is anticipated to result in faster and higher adoption of hybrid electric automobiles in the region as compared to the other geographies

The global automotive aftermarket is anticipated to witness a phase change attributable to the growing proportion of specialized automotive collision repair centers that are dedicated toward serving specific vehicles such as alternate fuel powered vehicles

The key industry participants include Magneti Marelli S.p.A., Continental AG, 3M Company, Federal-Mogul Corporation, Delphi Automotive PLC, Robert Bosch GmbH, and Denso Corporation.

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http://www.radiantinsights.com/research/automotive-aftermarket

Table of Contents

Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions

Chapter 2 Executive Summary & Market Snapshot
2.1 Automotive Aftermarket – Market Snapshot & Key Buying Criteria, 2014 – 2025

Chapter 3 Automotive Aftermarket Variables, Trends & Scope
3.1 Market Segmentation & Scope
3.2 Automotive Aftermarket Size and Growth Prospects
3.3 Automotive Aftermarket – Value Chain Analysis
3.3.1 Automotive Aftermarket- Supply chain analysis
3.4 Market Dynamics
3.4.1 Market driver analysis
3.4.1.1 Advanced technology usage in auto parts fabrication
3.4.1.2 Surge in consumer and passenger automobile production
3.4.1.3 Digitalization of automotive repair & maintenance services
3.4.2 Market restraint analysis
3.4.2.1 Counterfeiting of auto components
3.5 Penetration & Growth Prospect Mapping

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About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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