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Global Auto Parts Market Size Study, by End-user (OEM, Aftermarket), by Distribution Channel (Offline, Online), and Regional Forecasts 2022-2032

September 2024 | 200 pages | ID: GE3FA20196F9EN
Bizwit Research & Consulting LLP

US$ 4,950.00

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Global Auto Parts Market is valued at approximately USD 2326.65 billion in 2023 and is anticipated to grow at a substantial compound annual growth rate (CAGR) of 3.62% over the forecast period 2024-2032. The auto parts market encompasses a wide array of components integral to vehicle assembly, repair, and maintenance, including engine parts, braking systems, suspension and steering elements, electrical components, and more. The market's growth trajectory is propelled by several key factors, including technological advancements in automotive systems, the rapid digitalization of repair and maintenance services, and the burgeoning demand from the aftermarket segment.
One of the primary growth drivers for the global auto parts market is the increasing integration of advanced technologies in automotive components. Innovations in braking systems, lighting, and electronic control units (ECUs) are significantly enhancing vehicle performance and safety, thereby driving the demand for high-performance auto parts. Furthermore, the rise of 3D printing technology in auto parts manufacturing is revolutionizing production processes, allowing for the fabrication of complex components with greater precision and efficiency. This trend, coupled with the growing popularity of hybrid and electric vehicles, is expected to fuel market growth over the forecast period. However, online retailers challenging traditional aftermarket retailers and competition from counterfeit parts are the key factors that are substantially halting the growth of the market globally.
In addition, the global shift towards e-commerce has catalyzed a significant transformation in the automotive aftermarket sector. The convenience and accessibility of online platforms have led to a surge in online sales of automotive parts, with consumers increasingly opting for digital channels to purchase replacement parts and accessories. This shift is reshaping the traditional aftermarket landscape, presenting both opportunities and challenges for industry players. While online retailers are capturing a growing share of the market, traditional brick-and-mortar stores are facing intensified competition, necessitating strategic adaptations to maintain their market position.
The key regions considered for the global Auto Parts Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Auto Parts Market in terms of revenue. The market growth in the region is being attributed to factors including growing and aging vehicle fleet, increasing demand for vehicle repairs and maintenance, rising disposable incomes, and the surge in online sales channels. Additionally, the integration of advanced technologies like electric vehicles and autonomous driving systems is creating new opportunities for auto parts manufacturers. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by rapid urbanization, rising disposable incomes, and a surge in vehicle production. Additionally, government initiatives promoting electric and hybrid vehicles, coupled with advancements in automotive technology, are creating significant growth opportunities for the region's auto parts industry.

Major market players included in this report are:
3M Co.
AISIN CORP.
Akebono Brake Industry Co. Ltd.
Autoliv Inc.
BorgWarner Inc.
Brembo Spa
General Motors Co.
HELLA GmbH and Co. KGaA
Hyundai Motor Co.
Lear Corp.
Magna International Inc.
Marelli Holdings Co. Ltd.
Robert Bosch GmbH
Schaeffler AG
Stellantis NV
The detailed segments and sub-segments of the market are explained below:
By End-user:
• OEM
• Aftermarket
By Distribution Channel:
• Offline
• Online
By Region:
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa
Years considered for the study are as follows:
• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032
Key Takeaways:
• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL AUTO PARTS MARKET EXECUTIVE SUMMARY

1.1. Global Auto Parts Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By End-user
  1.3.2. By Distribution Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL AUTO PARTS MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL AUTO PARTS MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Increased Usage of Technological Advancement
  3.1.2. Demand for Hybrid and All-Electric Vehicles
3.2. Market Challenges
  3.2.1. Online Retailers Challenging Traditional Aftermarket Retailers
  3.2.2. Competition from Counterfeit Parts
3.3. Market Opportunities
  3.3.1. Growth in E-commerce for Auto Parts
  3.3.2. Expansion in Emerging Markets

CHAPTER 4. GLOBAL AUTO PARTS MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AUTO PARTS MARKET SIZE & FORECASTS BY END-USER 2022-2032

5.1. Segment Dashboard
5.2. Global Auto Parts Market: End-user Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. OEM
  5.2.2. Aftermarket

CHAPTER 6. GLOBAL AUTO PARTS MARKET SIZE & FORECASTS BY DISTRIBUTION CHANNEL 2022-2032

6.1. Segment Dashboard
6.2. Global Auto Parts Market: Distribution Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Offline
  6.2.2. Online

CHAPTER 7. GLOBAL AUTO PARTS MARKET SIZE & FORECASTS BY REGION 2022-2032

7.1. North America Auto Parts Market
  7.1.1. U.S. Auto Parts Market
    7.1.1.1. End-user breakdown size & forecasts, 2022-2032
    7.1.1.2. Distribution Channel breakdown size & forecasts, 2022-2032
  7.1.2. Canada Auto Parts Market
7.2. Europe Auto Parts Market
  7.2.1. U.K. Auto Parts Market
  7.2.2. Germany Auto Parts Market
  7.2.3. France Auto Parts Market
  7.2.4. Spain Auto Parts Market
  7.2.5. Italy Auto Parts Market
  7.2.6. Rest of Europe Auto Parts Market
7.3. Asia-Pacific Auto Parts Market
  7.3.1. China Auto Parts Market
  7.3.2. India Auto Parts Market
  7.3.3. Japan Auto Parts Market
  7.3.4. Australia Auto Parts Market
  7.3.5. South Korea Auto Parts Market
  7.3.6. Rest of Asia Pacific Auto Parts Market
7.4. Latin America Auto Parts Market
  7.4.1. Brazil Auto Parts Market
  7.4.2. Mexico Auto Parts Market
  7.4.3. Rest of Latin America Auto Parts Market
7.5. Middle East & Africa Auto Parts Market
  7.5.1. Saudi Arabia Auto Parts Market
  7.5.2. South Africa Auto Parts Market
  7.5.3. Rest of Middle East & Africa Auto Parts Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. 3M Co.
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Market Strategies
  8.3.2. AISIN CORP.
  8.3.3. Akebono Brake Industry Co. Ltd.
  8.3.4. Autoliv Inc.
  8.3.5. BorgWarner Inc.
  8.3.6. Brembo Spa
  8.3.6. General Motors Co.
  8.3.8. HELLA GmbH and Co. KGaA
  8.3.9. Hyundai Motor Co.
  8.3.10. Lear Corp.
  8.3.11. Magna International Inc.
  8.3.12. Marelli Holdings Co. Ltd.
  8.3.13. Robert Bosch GmbH
  8.3.14. Schaeffler AG
  8.3.15. Stellantis NV

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Auto Parts market, report scope
TABLE 2. Global Auto Parts market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Auto Parts market estimates & forecasts by End-user 2022-2032 (USD Billion)
TABLE 4. Global Auto Parts market estimates & forecasts by Distribution Channel 2022-2032 (USD Billion)
TABLE 5. Global Auto Parts market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 6. Global Auto Parts market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 7. Global Auto Parts market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 8. Global Auto Parts market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Auto Parts market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Auto Parts market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Auto Parts market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Auto Parts market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Auto Parts market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. U.S. Auto Parts market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Auto Parts market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 16. U.S. Auto Parts market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. Canada Auto Parts market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 18. Canada Auto Parts market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 19. Canada Auto Parts market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, the final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Auto Parts market, research methodology
FIG 2. Global Auto Parts market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Auto Parts market, key trends 2023
FIG 5. Global Auto Parts market, growth prospects 2022-2032
FIG 6. Global Auto Parts market, Porter's 5 force model
FIG 7. Global Auto Parts market, PESTEL analysis
FIG 8. Global Auto Parts market, value chain analysis
FIG 9. Global Auto Parts market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Auto Parts market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Auto Parts market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Auto Parts market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Auto Parts market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Auto Parts market, regional snapshot 2022 & 2032
FIG 15. North America Auto Parts market 2022 & 2032 (USD Billion)
FIG 16. Europe Auto Parts market 2022 & 2032 (USD Billion)
FIG 17. Asia-Pacific Auto Parts market 2022 & 2032 (USD Billion)
FIG 18. Latin America Auto Parts market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Auto Parts market 2022 & 2032 (USD Billion)
FIG 20. Global Auto Parts market, company market share analysis (2023)
…..
This list is not complete, the final report does contain more than 50 figures. The list may be updated in the final deliverable.


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