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Automotive Aftermarket Market Size, Trends, Analysis, and Outlook by Replacement Part (Tire, Battery, Brake parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers, Others), Distribution Channel (Retailers, OEMs, Others), Service Channel (DIY (Do It Yourself), DIFM (Do It for Me), OEMs), Certification (Genuine Parts, Certified Parts, Uncertified Parts), by Country, Segment, and Companies, 2024-2030

April 2024 | 205 pages | ID: A6E58D413ECEEN
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The global Auto Component market size is poised to register 5.94% growth from 2024 to 2030, presenting significant growth prospects for companies operating in the industry. The study analyzes the global Auto Component market by Type (Flywheel, Pressure Plate, Clutch, Others), Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), Sales Channel (OEMs, Aftermarket), Certification (Genuine Parts, Certified Parts, Uncertified Parts).
The Auto Component Market is poised for significant growth and transformation leading up, driven by several key trends and drivers. Primarily, the ongoing advancements in vehicle technology, including electrification, connectivity, and autonomous driving, are reshaping the automotive landscape and driving demand for innovative auto components. Further, the increasing focus on sustainability and environmental regulations is pushing the automotive industry toward lightweight materials, eco-friendly manufacturing processes, and efficient powertrains, thereby influencing the development of auto components. In addition, the rise of digitalization and Industry 4.0 technologies is leading to the integration of smart features and connectivity solutions into auto components, enhancing functionality and user experience. Furthermore, the expansion of emerging markets, growing urbanization, and changing consumer preferences are driving demand for tailored auto components, leading to opportunities for customization and localization in the global auto component market. .

Auto Component Market Drivers, Trends, Opportunities, and Growth Opportunities
This comprehensive study discusses the latest trends and the most pressing challenges for industry players and investors. The Auto Component market research analyses the global market trends, key drivers, challenges, and opportunities in the industry. In addition, the latest Future of Auto Component survey report provides the market size outlook across types, applications, and other segments across the world and regions. It provides data-driven insights and actionable recommendations for companies in the Auto Component industry.

Key market trends defining the global Auto Component demand in 2024 and Beyond
The industry continues to remain an attractive hub for opportunities for both domestic and global vendors. As the market evolves, factors such as emerging market dynamics, demand from end-user sectors, a growing patient base, changes in consumption patterns, and widening distribution channels continue to play a major role.

Auto Component Market Segmentation- Industry Share, Market Size, and Outlook to 2030
The Auto Component industry comprises a wide range of segments and sub-segments. The rising demand for these product types and applications is supporting companies to increase their investment levels across niche segments. Accordingly, leading companies plan to generate a large share of their future revenue growth from expansion into these niche segments. The report presents the market size outlook across segments to support Auto Component companies scaling up production in these sub-segments with a focus on expanding into emerging countries.

Key strategies adopted by companies within the Auto Component industry
Leading Auto Component companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions in key regions. Further, companies are leveraging advanced technologies to unlock opportunities and achieve operational excellence. The report provides key strategies opted for by the top 10 Auto Component companies.

Auto Component Market Study- Strategic Analysis Review
The Auto Component market research report dives deep into the qualitative factors shaping the market, empowering you to make informed decisions-
Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.
Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.
Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.
Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Auto Component Market Size Outlook- Historic and Forecast Revenue in Three Cases
The Auto Component industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. Further, with actual data for 2023, the report forecasts the market size outlook from 2024 to 2030 in three case scenarios- low case, reference case, and high case scenarios.

Auto Component Country Analysis and Revenue Outlook to 2030
The report analyses 22 countries worldwide including the key driving forces and market size outlook from 2021 to 2030. In addition, region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America is included in the study. For each of the six regions, the market size outlook by segments is forecast for 2030.

North America Auto Component Market Size Outlook- Companies plan for focused investments in a changing environment
The US continues to remain the market leader in North America, driven by a large consumer base, the presence of well-established providers, and a strong end-user industry demand. Leading companies focus on new product launches in the changing environment. The US economy is expected to grow in 2024 (around 2.2% growth in 2024), potentially driving demand for various Auto Component market segments. Similarly, Strong end-user demand is encouraging Canadian Auto Component companies to invest in niche segments. Further, as Mexico continues to strengthen its trade relations and invest in technological advancements, the Mexico Auto Component market is expected to experience significant expansion, offering lucrative opportunities for both domestic and international stakeholders.

Europe Auto Component Market Size Outlook-Companies investing in assessing consumers, categories, competitors, and capabilities
The German industry remains the major market for companies in the European Auto Component industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of businesses in identifying and leveraging new growth prospects positions the European Auto Component market for an upward trajectory, fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and a keen understanding of consumer preferences.

Asia Pacific Auto Component Market Size Outlook- an attractive hub for opportunities for both local and global companies
The increasing prevalence of indications, robust healthcare expenditure, and increasing investments in healthcare infrastructure drive the demand for Auto Component in Asia Pacific. In particular, China, India, and South East Asian Auto Component markets present a compelling outlook for 2030, acting as a magnet for both domestic and multinational manufacturers seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major markets in the region.

Latin America Auto Component Market Size Outlook- Continued urbanization and rising income levels
Rising income levels contribute to greater purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Auto Component Market Size Outlook- continues its upward trajectory across segments
Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Auto Component market potential. Fueled by increasing consumption expenditure, growing population, and high demand across a few markets drives the demand for Auto Component.

Auto Component Market Company Profiles
The global Auto Component market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. Leading companies included in the study are Aisin Seiki Co. Ltd, Aptiv PLC, Continental AG, Denso Corp, Faurecia S.A., Magna International Inc, Robert Bosch GmbH, Tata Group, Valeo SA, ZF Friedrichshafen AG.

Recent Auto Component Market Developments
The global Auto Component market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Auto Component Market Report Scope
Parameters: Revenue, Volume Price
Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2030 (Forecast Period)
Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)
Qualitative Analysis
Pricing Analysis
Value Chain Analysis
SWOT Profile
Market Dynamics- Trends, Drivers, Challenges
Porter’s Five Forces Analysis
Macroeconomic Impact Analysis
Case Scenarios- Low, Base, High

Market Segmentation:
Type
Flywheel
Pressure Plate
Clutch
Others
Application
Passenger Cars (PC)
Light Commercial Vehicles (LCV)
Heavy Commercial Vehicles (HCV)
Sales Channel
OEMs
Aftermarket
Certification
Genuine Parts
Certified Parts
Uncertified Parts

Geographical Segmentation:
North America (3 markets)
Europe (6 markets)
Asia Pacific (6 markets)
Latin America (3 markets)
Middle East Africa (5 markets)

Companies
Aisin Seiki Co. Ltd
Aptiv PLC
Continental AG
Denso Corp
Faurecia S.A.
Magna International Inc
Robert Bosch GmbH
Tata Group
Valeo SA
ZF Friedrichshafen AG.
Formats Available: Excel, PDF, and PPT
1. EXECUTIVE SUMMARY

1.1 Automotive Aftermarket Market Overview and Key Findings, 2024
1.2 Automotive Aftermarket Market Size and Growth Outlook, 2021- 2030
1.3 Automotive Aftermarket Market Growth Opportunities to 2030
1.4 Key Automotive Aftermarket Market Trends and Challenges
  1.4.1 Automotive Aftermarket Market Drivers and Trends
  1.4.2 Automotive Aftermarket Market Challenges
1.5 Competitive Landscape and Key Players
1.6 Competitive Analysis- Growth Strategies Adopted by Leading Automotive Aftermarket Companies

2. AUTOMOTIVE AFTERMARKET MARKET SIZE OUTLOOK TO 2030

2.1 Automotive Aftermarket Market Size Outlook, USD Million, 2021- 2030
2.2 Automotive Aftermarket Incremental Market Growth Outlook, %, 2021- 2030
2.3 Segment Snapshot, 2024

3. AUTOMOTIVE AFTERMARKET MARKET- STRATEGIC ANALYSIS REVIEW

3.1 Porter's Five Forces Analysis
* Threat of New Entrants
* Threat of Substitutes
* Intensity of Competitive Rivalry
* Bargaining Power of Buyers
* Bargaining Power of Suppliers
3.2 Value Chain Analysis
3.3 SWOT Analysis

4. AUTOMOTIVE AFTERMARKET MARKET SEGMENTATION ANALYSIS AND OUTLOOK

4.1 Market Segmentation and Scope
4.2 Market Breakdown by Type, Application, and Other Segments, 2021-2030
Replacement Part
Tire
Battery
Brake parts
Filters
Body parts
Lighting & Electronic components
Wheels
Exhaust components
Turbochargers
Others
Distribution Channel
Retailers
OEMs
Others
Service Channel
DIY (Do It Yourself)
DIFM (Do It for Me)
OE (Delegating to OEM’s)
Certification
Genuine Parts
Certified Parts
Uncertified Parts
4.3 Growth Prospects and Niche Opportunities, 2023- 2030
4.4 Regional comparison of Market Growth, CAGR, 2023-2030

5. REGION-WISE MARKET OUTLOOK TO 2030

5.1 Key Findings for Asia Pacific Automotive Aftermarket Market, 2025
5.2 Asia Pacific Automotive Aftermarket Market Size Outlook by Type, 2021- 2030
5.3 Asia Pacific Automotive Aftermarket Market Size Outlook by Application, 2021- 2030
5.4 Key Findings for Europe Automotive Aftermarket Market, 2025
5.5 Europe Automotive Aftermarket Market Size Outlook by Type, 2021- 2030
5.6 Europe Automotive Aftermarket Market Size Outlook by Application, 2021- 2030
5.7 Key Findings for North America Automotive Aftermarket Market, 2025
5.8 North America Automotive Aftermarket Market Size Outlook by Type, 2021- 2030
5.9 North America Automotive Aftermarket Market Size Outlook by Application, 2021- 2030
5.10 Key Findings for South America Automotive Aftermarket Market, 2025
5.11 South America Pacific Automotive Aftermarket Market Size Outlook by Type, 2021- 2030
5.12 South America Automotive Aftermarket Market Size Outlook by Application, 2021- 2030
5.13 Key Findings for Middle East and Africa Automotive Aftermarket Market, 2025
5.14 Middle East Africa Automotive Aftermarket Market Size Outlook by Type, 2021- 2030
5.15 Middle East Africa Automotive Aftermarket Market Size Outlook by Application, 2021- 2030

6. COUNTRY-WISE MARKET SIZE OUTLOOK TO 2030

6.1 US Automotive Aftermarket Market Size Outlook and Revenue Growth Forecasts
6.2 US Automotive Aftermarket Industry Drivers and Opportunities
6.3 Canada Market Size Outlook and Revenue Growth Forecasts
6.4 Canada Automotive Aftermarket Industry Drivers and Opportunities
6.6 Mexico Market Size Outlook and Revenue Growth Forecasts
6.6 Mexico Automotive Aftermarket Industry Drivers and Opportunities
6.7 Germany Market Size Outlook and Revenue Growth Forecasts
6.8 Germany Automotive Aftermarket Industry Drivers and Opportunities
6.9 France Market Size Outlook and Revenue Growth Forecasts
6.10 France Automotive Aftermarket Industry Drivers and Opportunities
6.11 UK Market Size Outlook and Revenue Growth Forecasts
6.12 UK Automotive Aftermarket Industry Drivers and Opportunities
6.13 Spain Market Size Outlook and Revenue Growth Forecasts
6.14 Spain Automotive Aftermarket Industry Drivers and Opportunities
6.16 Italy Market Size Outlook and Revenue Growth Forecasts
6.16 Italy Automotive Aftermarket Industry Drivers and Opportunities
6.17 Rest of Europe Market Size Outlook and Revenue Growth Forecasts
6.18 Rest of Europe Automotive Aftermarket Industry Drivers and Opportunities
6.19 China Market Size Outlook and Revenue Growth Forecasts
6.20 China Automotive Aftermarket Industry Drivers and Opportunities
6.21 India Market Size Outlook and Revenue Growth Forecasts
6.22 India Automotive Aftermarket Industry Drivers and Opportunities
6.23 Japan Market Size Outlook and Revenue Growth Forecasts
6.24 Japan Automotive Aftermarket Industry Drivers and Opportunities
6.26 South Korea Market Size Outlook and Revenue Growth Forecasts
6.26 South Korea Automotive Aftermarket Industry Drivers and Opportunities
6.27 Australia Market Size Outlook and Revenue Growth Forecasts
6.28 Australia Automotive Aftermarket Industry Drivers and Opportunities
6.29 South East Asia Market Size Outlook and Revenue Growth Forecasts
6.30 South East Asia Automotive Aftermarket Industry Drivers and Opportunities
6.31 Rest of Asia Pacific Market Size Outlook and Revenue Growth Forecasts
6.32 Rest of Asia Pacific Automotive Aftermarket Industry Drivers and Opportunities
6.33 Brazil Market Size Outlook and Revenue Growth Forecasts
6.34 Brazil Automotive Aftermarket Industry Drivers and Opportunities
6.36 Argentina Market Size Outlook and Revenue Growth Forecasts
6.36 Argentina Automotive Aftermarket Industry Drivers and Opportunities
6.37 Rest of South America Market Size Outlook and Revenue Growth Forecasts
6.38 Rest of South America Automotive Aftermarket Industry Drivers and Opportunities
6.39 Middle East Market Size Outlook and Revenue Growth Forecasts
6.40 Middle East Automotive Aftermarket Industry Drivers and Opportunities
6.41 Africa Market Size Outlook and Revenue Growth Forecasts
6.42 Africa Automotive Aftermarket Industry Drivers and Opportunities

7. AUTOMOTIVE AFTERMARKET MARKET OUTLOOK ACROSS SCENARIOS

7.1 Low Growth Case
7.2 Reference Growth Case
7.3 High Growth Case

8. AUTOMOTIVE AFTERMARKET COMPANY PROFILES

8.1 Profiles of Leading Automotive Aftermarket Companies in the Market
8.2 Business Descriptions, SWOT Analysis, and Growth Strategies
8.3 Financial Performance and Key Metrics

3M COMPANY

Continental AG
Cooper Tire & Rubber Company
Delphi Automotive PLC
Denso Corp
Federal-Mogul Corp
HELLA KGaA Hueck & Co.
Robert Bosch GmbH
Valeo Group
ZF Friedrichshafen AG

9. APPENDIX

9.1 Scope of the Report
9.2 Research Methodology and Data Sources
9.3 Glossary of Terms
9.4 Market Definitions
9.5 Contact Information


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