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Global Automotive Aftermarket, Analysis and Forecast: 2016-2022; Focus on Powertrain, Chassis & Safety, Body & Interior, and Tires

Global Automotive Aftermarket, Analysis and Forecast: 2016-2022; Focus on Powertrain, Chassis & Safety, Body & Interior, and Tires

The global automotive aftermarket is forecast to grow at a healthy CAGR of 8% as improved global economic conditions prompt consumers to buy new vehicles and replace older vehicles with new fuel-efficient models are growing in the market.

SKU: BA011A
Published Year: 2017
 
 

The global automotive aftermarket is estimated to witness a growth at a CAGR of 8% over the period from 2016-2022.

This substantial growth in the market is accredited to the robust global base of vehicle fleet, which is constantly widening, thereby generating more demand for aftermarket parts and components. The stricter fuel-efficiency laws and government regulations imposed in some countries to improve global safety, reduce environmental pollution and emission of hazardous gases, decrease energy and fuel consumption, improving anti-theft performance, and augment the demand for performance components and specialty aftermarket accessories and equipment. With the widening global base of the automotive fleet, a rise in the number of accidents/collisions is also witnessed, for which an imperative need for aftermarket products arises.

The report is a compilation of different segments of global automotive aftermarket including market breakdown by type and geography. It also includes sections on competitive insights and market dynamics. Herein the revenue generated from the segments by type is tracked to calculate the market size, by each type and for each country, along with a detailed explanation how they are shaping the market.

The report titled “Global Automotive Aftermarket, Analysis and Forecast 2016-2022; Focus on Powertrains, Chassis & Safety, Body & Interior and Tires” covers various segments by type, as well as region wise dynamics and developments.

This report details include:
The type of aftermarket products are divided into four categories viz. powertrains, chassis & safety, body & interior and tires. The market dynamics of these products have been restricted to the organized sector at the manufacturer level.

Regional Developments- The revenue split by geography has been listed, each seen to be supported by a number of factors, from the development of the automotive and aftermarket industry in certain countries to top performing countries in these geographies. The different dynamics in the geographies is seen to be governed by the average age of the vehicles in that country, the economy (GDP, etc.), the import and export data and the government policies and regulations in the country with respect to the automotive industry.

While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of certain trends followed by the automotive aftermarket. It also details some of the key participants involved in the industry. The company profile section includes highlights of significant information about the key companies involved along with their financial positions, key strategies, & developmental activities of recent years. The strategy used most often for developing a better hold on the market has been through product launches, followed by agreements, collaborations and partnerships, which also helps them spread their areas of operation, geographically. Some of the key players are Continental AG, Denso Corporation, Delphi Automotive, ZF-TRW, Hitachi, Mitsubishi Electric, WABCO, NSK Ltd. etc. 

European Union generated the maximum revenue in the year 2015 followed by North America and Asia. Asia is expected to grow at the fastest CAGR in the forecast period, followed by EU and North America. The industry is expected to cross $700 billion in its market value by the end of forecast period.

The report answers the following questions about the global automotive aftermarket:
• What is the global automotive aftermarket size is in terms of revenue from 2015-2022?
• What are the different segments of the automotive aftermarket by type, along with their global revenue realization?
• What is the revenue generated by different countries in the automotive aftermarket industry?
• What are the major factors affecting the growth of the market along with the current and future trends in the automotive aftermarket?
• What are the different factors driving the market in the forecast period?
• What are the factors challenging the growth of global automotive aftermarket?
• Who are the different participants in the global automotive aftermarket?
• What kind of initiatives and programs are undertaken by governments and related agencies globally to attain more acceptance for the industry products? 
• Which region will lead the global automotive aftermarket by the end of the forecast period?

TABLE OF CONTENT
Executive Summary
1 Scope & Research Methodology
1.1 Report Scope
2 Market Dynamics
2.1 Introduction
2.2 Major Trends
2.2.1 Increasing Average Age of Vehicles
2.2.2 OEM Globalisation
2.2.3 E-Tailing
2.3 Market Drivers
2.3.1 Large-Scale Global Base of Vehicle Fleet
2.3.2 Stricter Fuel-Efficiency and Vehicle Emission Laws
2.3.3 Rise in The Number of Road Accidents
2.4 Market Challenges
2.4.1 Extended Warranty on Original Equipment
2.4.2 Impact of Electric Vehicles
2.4.3 Low Cost Country Imports
2.5 Opportunities
3 Competitive Landscape
3.1 Market Share Analysis
3.2 Strategic Alliances and Acquisitions (M&A)
3.3 Key Business Expansions
3.4 Key Partnerships/Collaborations/Joint Ventures
3.5 Product Launches & Development
4 Automotive Aftermarket by Type
4.1 Powertrain
  ·         Description
  ·         History
  ·         Revolution in the Powertrain Segment
  ·         Regulations for the Powertrain Segment
  ·         Powertrain Segment Components & their Share
  ·         Powertrain Market Forecast (2016-2022)
4.2 Tire
  ·         Description
  ·         Production
  ·         Major players
  ·         Regulations for tires
  ·         Tire Market forecast (2016-2022)
  ·         Effect of low cost country imports
  ·         Average cost of tire & replacement costs
4.3 Chassis & Safety
  ·         Description
  ·         Components
  ·         Major players
  ·         Chassis & Safety Market forecast (2016-2022)
4.4 Body & Interior
  ·         Description
  ·         Regulations
  ·         Major players
  ·         Body & Interior Market forecast (2016-2022)
  ·         Opportunities
5 Automotive Aftermarket by Geography
5.1 Asia
5.1.1 China
5.1.2 India
5.1.3 Rest of Asia
5.2 North America
5.2.1 United States
5.2.2 Canada
5.3 Rest of America
5.4 European Union
5.4.1 Germany
5.4.2 United Kingdom
5.5 Rest of the World
5.5.1 Brazil
6 Company Profiles
6.1 Continental AG
6.1.1 Company Overview
6.1.2 Financials
6.1.2.1 Financial Summary
6.1.3 SWOT Analysis
6.2 Delphi Automotive PLC
6.2.1 Company Overview
6.2.2 Financials
6.2.2.1 Financial Summary
6.2.3 SWOT Analysis
6.3 Denso Corporation
6.3.1 Company Overview
6.3.2 Financials
6.3.2.1 Financial Summary
6.3.3 SWOT Analysis
6.4 Hitachi Ltd
6.4.1 Company Overview
6.4.2 Financials
6.4.2.1 Financial Summary
6.4.3 SWOT Analysis
6.5 Infineon Technologies AG
6.5.1 Company Overview
6.5.2 Financials
6.5.2.1 Financial Summary
6.5.3 SWOT Analysis
6.6 Robert Bosch GmbH
6.6.1 Company Overview
6.6.1.1 Financial Summary
6.6.2 SWOT Analysis
6.7 Federal-Mogul Holdings Corporation
6.7.1 Company Overview
6.7.2 Financials
6.7.2.1 Financial Summary
6.7.3 SWOT Analysis
6.8 Akebono Brake Industry Co. Ltd.
6.8.1 Company Overview
6.8.2 Financials
6.8.2.1 Financial Summary
6.8.3 SWOT Analysis
6.9 ZF TRW Automotive Holdings Corporation
6.9.1 Company Overview
6.9.2 Financials
6.9.2.1 Financial Summary
6.9.3 SWOT Analysis
6.10 Mitsubishi Electric Corporation
6.10.1 Company Overview
6.10.2 Financials
6.10.2.1 Financial Summary
6.10.3 SWOT Analysis
6.11 NSK Ltd.
6.11.1 Company Overview
6.11.2 Financials
6.11.2.1 Financial Summary
6.11.3 SWOT Analysis
6.12 WABCO
6.12.1 Company Overview
6.12.2 Financials
6.12.2.1 Financial Summary
6.12.3 SWOT Analysis
6.13 Magna International
6.13.1 Company Overview
6.13.2 Financials
6.13.2.1 Financial Summary
6.13.3 SWOT Analysis
6.14 Brembo S.P.A
6.14.1 Company Overview
6.14.2 Financials
6.14.2.1 Financial Summary
6.14.3 SWOT Analysis
6.15 Gates Corporation
6.15.1 Company Overview
6.15.2 Company Overview
6.16 Cooper Tire & Rubber
6.16.1 Company Overview
6.16.2 Financials
6.16.2.1 Financial Summary
6.16.3 SWOT Analysis
List of Tables
Table 3.1 Mergers and Acquisitions
Table 3.2 Key Business Expansion Activities
Table 3.3 Key Partnerships/Collaborations/Joint Venture
Table 3.4 Key Product Launches
Table 4.1 Global Automotive Aftermarket, by Type, 2015 –2022
Table 5.1 Global Market Size (By Regions) Revenue ($ Billion)
Table 5.2 Global Market Size (By Countries) Revenue ($ Billion)
Table 5.3 Indian Automotive Industry-Production Overview, 2015-2016
Table 5.4 Import and Export Data for the Indian Automotive Market
List of Figures
Figure 1 Share of Organized and Unorganized Sector in India
Figure 2 Global Automotive Aftermarket Revenues
Figure 3 Global Share With and Without Top Companies
Figure 4 Global Market Share of Top Companies (By Revenue)
Figure 5 Competitive Landscape Share
Figure 6 Share of the Automotive Aftermarket Segments
Figure 7 Global Market Revenues by Type (2015-2022)
Figure 8 Global Market Revenue By Region (2015-2022)
Figure 9 Global Market Revenue and CAGR (By Region)
Figure 1.1 Scope of the Report
Figure 1.2 Bottom Up & Top Down Approach
Figure 2.1 Global Automotive Aftermarket Dynamics
Figure 2.2 Average Age of Vehicles in the United States, 2002-2016
Figure 2.3 Global Car Sales (2013-2016)
Figure 2.4 Fuel Usage in Vehicles in the U.S.
Figure 2.5 Carbon Dioxide Emissions in Vehicles in the U.S.
Figure 2.6 Road Accidents by Type of Vehicles (2015)
Figure 2.7 Global Warranty Claims by the U.S. Manufacturers
Figure 2.8 Global Sales of EVs, 2016
Figure 2.9 Global Monthly Sales of Plug-In Vehicles (2014-2016)
Figure 3.1 Competitive Landscape, 2015
Figure 3.2 Share of Key Players in Competitive Landscape
Figure 4.1 Global Vehicle Production (2011-15)
Figure 4.2 Aftermarket Segments Share, 2015
Figure 4.3 Aftermarket by Type (20152022), $Billion
Figure 4.4 Powertrain Components Share, 2015
Figure 4.5 Powertrain Market Forecast, $Billion (2016-2022)
Figure 4.6 Tire Market Forecast, $Billion (2016-2022)
Figure 4.7 Average Cost Per Tire, U.S. (2013-2015)
Figure 4.8 Tire Replacement Sales, U.S. 2015
Figure 4.9 Chassis & Safety Market Forecast, $Billion (2016-2022)
Figure 4.10  Body and Interior Market Forecast, $Billion (2016-2022)
Figure 5.1 Global Automotive Aftermarket Revenues ($ Billion)
Figure 5.2 Number of Vehicles Produced (2010-2015)
Figure 5.3 China Automotive Aftermarket Forecast (2016-2022), $Billion
Figure 5.4 India Automotive Aftermarket Forecast (2015-2022), $Billion
Figure 5.5 Global Auto Exports % from India, 2016
Figure 5.6 Global Auto Exports from India, 2016
Figure 5.7 India Major Components Manufactured, % 2015
Figure 5.8 Asia Automotive Aftermarket Forecast (2015-2022), $Billion
Figure 5.9 Sales of Light Vehicles, U.S. (2012-2016)
Figure 5.10 U.S. Automotive Aftermarket Forecast (2015-2022), $Billion
Figure 5.11 Canadian Automotive Aftermarket Exports (2011-2015)
Figure 5.12 Canadian Automotive Aftermarket Forecast (2015-2022), $Billion
Figure 5.13 North American Automotive Aftermarket Forecast (2015-2022), $Billion
Figure 5.14 European Union Automotive Aftermarket Forecast (2015-2022), $Billion
Figure 5.15 Europe Vehicle Registrations and Production, 2015
Figure 5.16 Global Premium Car Production, 2014
Figure 5.17 U.K. Automotive Trade Data, 2015
Figure 5.18 RoW Automotive Aftermarket Forecast (2015-2022), $Billion
Figure 5.19 Brazilian Automotive Import and Export (2014-2016)
Figure 6.1 Overall Financials, 2013-2015
Figure 6.2 Segment Revenue Mix, 2015
Figure 6.3 Geographic Revenue Mix, 2013-2015
Figure 6.4 Overall Financials, 2013-2015
Figure 6.5 Segment Revenue Mix, 2013-2015
Figure 6.6 Geographic Revenue Mix, 2013-2015
Figure 6.7 Overall Financials, 2013-2015
Figure 6.8 Segment Revenue Mix, 2013-2015
Figure 6.9 Automotive Segment Revenue Mix, 2015
Figure 6.10 Geographic Revenue Mix, 2015
Figure 6.11 Overall Financials, 2014-2016
Figure 6.12 Segment Revenue Mix, 2013-2015
Figure 6.13 Automotive Revenue Mix, 2015
Figure 6.14 Geographic Revenue Mix, 2013-2015
Figure 6.15 Overall Financials, 2013-2015
Figure 6.16 Segment Revenue Mix, 2013-2015
Figure 6.17 Geographic Revenue Mix, 2013-2015
Figure 6.18 Overall Financials, 2013-2015
Figure 6.19 Segment Revenue Mix, 2013-2015
Figure 6.20 Geographic Revenue Mix, 2013-2015
Figure 6.21 Overall Financials, 2013-2015
Figure 6.22 Segment Revenue Mix, 2013-2015
Figure 6.23 Geography Revenue Mix, 2013-2015
Figure 6.24 Overall Financials, 2014-2016
Figure 6.25 Segment Revenue Mix, 2014-2016
Figure 6.26 Geography Revenue Mix, 2014-2016
Figure 6.27 Customer Share, 2016
Figure 6.28 Overall Financials, 2013-2015
Figure 6.29 Segment Revenue Mix, 2013-2015
Figure 6.30 Geographic Revenue Mix, 2013-2015
Figure 6.31 Overall Financials, 2013-2015
Figure 6.32 Segment Revenue Mix, 2013-2015
Figure 6.33 Geographic Revenue Mix, 2013-2015
Figure 6.34 Overall Financials, 2013-2015
Figure 6.35 Business Segment Mix, 2013-2015
Figure 6.36 Geographic Segment Mix, 2013-2015
Figure 6.37 Overall Financials, 2013-2015
Figure 6.38 Segment Revenue Mix, 2013-2015
Figure 6.39 Geographic Revenue Mix, 2013-2015
Figure 6.40 Overall Financials, 2013-2015
Figure 6.41 Geographic Revenue Mix, 2013-2015
Figure 6.42 Business Segment Revenue Mix, 2013-2015
Figure 6.43 Overall Financials, 2013-2015
Figure 6.44 Segment Revenue Mix, 2013-2015
Figure 6.45 Geography Revenue Mix, 2013-2015
Figure 6.46 Application Revenue Mix, 2013-2015
Figure 6.47 Overall Financials, 2013-2015
Figure 6.48 Geography Revenue Mix, 2013-2015 $Billion
Figure 6.49 Application Revenue Mix, 2013-2015

The automotive aftermarket is the secondary market of the automotive industry, one of the most well-established industries of its kind, globally. It comprises every replacement, detailing, customisation, done to the vehicle once it is sold. The market covers all the segments from manufacturing and remanufacturing of the vehicle parts, accessories and components to their distribution and retailing to finally installing and/or repairing them. The automotive industry itself is a trillion dollar recording the sales of vehicles around ~74 million vehicles in 2015, which creates enormous opportunities for the automotive aftermarket parts and services.

The global automotive aftermarket is forecast to grow at a healthy CAGR of 8% as improved global economic conditions prompt consumers to buy new vehicles and replace older vehicles with new fuel-efficient models are growing in the market.
 

Global Automotive Aftermarket Report

BIS Research Team

 

As the automotive aftermarket is growing, the average age of vehicles has been increasing, along with original equipment manufacturers globalizing their base. The aftermarket business fetches 5-6% of its revenue through e-tailing channels, and the percentage share will continue to rise in future due to convenience, cheaper prices, variety of options available to the customers.

The aftermarket has been tracked and estimated by type and geography. The aftermarket by type, can be further segmented into powertrains, chassis and safety, body and security and tires. The market has also been estimated for growth in each of these segments with individual CAGR and y-o-y growth rates, factors driving the growth and impeding it, along with government regulations and policies and other initiatives associated with the market dynamics.

The demand for these products are fulfilled by many major players, some of them being Continental AG, Federal Mogul, ZF-TRW, WABCO, Infineon AG, Hitachi, Bosch, Denso Corporation, Delphi, Continental AG, Magna International, NSK Ltd., Akebono Brake, and Brembo S.p.A., which have been profiled in detail. All of these companies deal in one or multiple of the products of the aftermarket. These companies are driving the industry with continuous business expansions, mergers and acquisitions, partnerships and products. 

The major geographies covered are North America- U.S and Canada; Asia- China & India, Europe- U.K. & Germany, and ROW- Brazil. A thorough geographical analysis has identified and predicted European Union to be  currently the largest market for automotive after-parts and components, at the manufacturer level of the organized sector, globally. Asia, is predicted to grow at the fastest CAGR, with China and India as the major contributors in the predicted increase. All these are strongly dependent on the number and average age of vehicles on road, stringent government regulations and policies, developmental activities, economic conditions of the country, and the import and export data along with government support. 

The report provides complete revenue generation estimation (2016-2022) for selected countries within each geography and their individual dynamics for the revenue to grow by each type of product viz, powertrain, chassis & safety, body & interior and tires.

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