The increasing internet penetration and growing online product portfolio of auto parts manufacturers are expected to fuel the growth of electronic retailing (e-tailing) in the global automotive aftermarket. Moreover, the availability of a wide range of products and hassle-free transaction options, with timely delivery, as per the consumer preference, will further result in a shift of consumers from traditional brick-and-mortar stores to e-commerce platforms. Equipment such as headlights and lighting components and dashboard instruments are easily available on online portals. Due to these factors, the global automotive equipment aftermarket is expected to grow from $78.18 billion in 2019 to $145.07 billion by 2030.
On the basis of distribution channel, the online distribution channel category is expected to progress with the higher CAGR, of 8.36%, during the forecast period (2020-2030). Online distribution channels allow consumers to directly buy the components from a seller, over the internet, using a web browser or a smartphone application. Customers can shop online using a range of devices, including desktop computers, laptops, tablet computers, and smartphones. With the rise in the internet penetration, especially in developing countries such as Brazil and India, the automotive aftermarket is expected to witness an increase in the online sale of products during the forecast period.
Based on component, the equipment category is expected to progress with the highest CAGR, of 5.89%, during the forecast period. Dashboard instruments, under the equipment category, are expected to witness the fastest growth during the forecast period. With the rapid installation of technologically advanced and connected aftermarket instruments, including smart instrument clusters, central displays, and warning and information lights, in passenger cars, the automotive aftermarket is expected to witness significant growth during the forecast period.
Globally, Asia-Pacific (APAC) was the largest market for aftermarket components during the historical period (2015-2019). The regional market is mainly driven by the rising number of vehicles in operation and average age of vehicles in countries such as China, Indonesia, Malaysia, and India. Additionally, the Latin American, Middle Eastern, and African (LAMEA) automotive aftermarket is growing rapidly, on account of the escalating demand for electric vehicles in the region. This, in turn, is expected to increase the requirement for electrical and other related equipment in the region, during the forecast period.
TABLE OF CONTENTS
Chapter 1. Research Background
- 1.1 Research Objectives
- 1.2 Market Definition
- 1.3 Research Scope
- 1.3.1 Market Segmentation by Component
- 1.3.2 Market Segmentation by Distribution Channel
- 1.3.3 Market Segmentation by Region
- 1.3.4 Analysis Period
- 1.3.5 Market Data Reporting Unit
- 1.4 Key Stakeholders
Chapter 2. Research Methodology
- 2.1 Secondary Research
- 2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
- 2.2.1.1 By region
- 2.2.1.2 By industry participant
- 2.2.1.3 By company type
- 2.3 Market Size Estimation
- 2.4 Data Triangulation
- 2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
- 4.1 Definition of Market Segments
- 4.1.1 By Component
- 4.1.1.1 Engine parts
- 4.1.1.1.1 Pistons and piston rings
- 4.1.1.1.2 Engine valves and parts
- 4.1.1.1.3 Fuel injection systems and carburetors
- 4.1.1.1.4 Powertrain components and other parts
- 4.1.1.2 Drive transmission and steering parts
- 4.1.1.2.1 Clutch assembly systems and other parts
- 4.1.1.2.2 Gearboxes
- 4.1.1.2.3 Axles
- 4.1.1.2.4 Steering systems
- 4.1.1.2.5 Wheels
- 4.1.1.3 Suspension and braking parts
- 4.1.1.3.1 Brake calipers
- 4.1.1.3.2 Brake pads
- 4.1.1.3.3 Suspension systems
- 4.1.1.3.4 Other parts
- 4.1.1.4 Equipment
- 4.1.1.4.1 Headlights and lighting components
- 4.1.1.4.2 Wiper and washer systems
- 4.1.1.4.3 Dashboard instruments
- 4.1.1.4.4 Other equipment
- 4.1.1.5 Electrical parts
- 4.1.1.5.1 Starter motors
- 4.1.1.5.2 Spark plugs
- 4.1.1.5.3 Electric ignition systems
- 4.1.1.5.4 Battery and other parts
- 4.1.1.6 Other miscellaneous
- 4.1.2 By Distribution Channel
- 4.1.2.1 Offline distribution channel
- 4.1.2.2 Online distribution channel
- 4.2 Value Chain Analysis
- 4.3 Market Dynamics
- 4.3.1 Trends
- 4.3.1.1 E-tailing in the automotive aftermarket
- 4.3.1.2 Increasing focus towards vehicle weight reduction
- 4.3.1.3 Consolidation and joint ventures among key players
- 4.3.2 Drivers
- 4.3.2.1 Increasing number of vehicles in operation (VIO)
- 4.3.2.2 Increase in average age of vehicles
- 4.3.2.3 Rise in the number of road accidents
- 4.3.2.4 Impact analysis of drivers on market forecast
- 4.3.3 Restraints
- 4.3.3.1 Increasing adoption of mobility-as-a-service (MaaS)
- 4.3.3.2 Availability of counterfeit products
- 4.3.3.3 Impact analysis of restraints on market forecast
- 4.3.4 Opportunities
- 4.3.4.1 Increase in private label brands
- 4.3.4.2 Increasing demand for electric vehicles
- 4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Intensity of Rivalry
- 4.4.4 Threat of New Entrants
- 4.4.5 Threat of Substitutes
- 4.5 Regulatory landscape
- 4.5.1 North America
- 4.5.1.1 National Highway Traffic Safety Administration (NHTSA)
- 4.5.1.2 Notification of defects and noncompliance
- 4.5.1.3 Making safety devices and elements inoperative
- 4.5.1.4 CAPA certification
- 4.5.2 Europe
- 4.5.2.1 Vehicle certification agency (VCA)
- 4.5.2.2 Type approval for automotive systems and components
- 4.5.3 APAC
- 4.5.4 LAMEA
- 4.5.4.1 Emirates Authority of Standardization and Metrology (ESMA)
Chapter 5. Global Market Size and Forecast
- 5.1 By Component
- 5.1.1 Engine Parts, by Product Type
- 5.1.2 Drive Transmission and Steering Parts, by Product Type
- 5.1.3 Suspension and Braking Parts, by Product Type
- 5.1.4 Equipment, by Product Type
- 5.1.5 Electrical Parts, by Product Type
- 5.2 By Distribution Channel
- 5.3 By Region
Chapter 6. North America Market Size and Forecast
- 6.1 By Component
- 6.1.1 Engine Parts, by Product Type
- 6.1.2 Drive Transmission and Steering Parts, by Product Type
- 6.1.3 Suspension and Braking Parts, by Product Type
- 6.1.4 Equipment, by Product Type
- 6.1.5 Electrical Parts, by Product Type
- 6.2 By Distribution Channel
- 6.3 By Country
Chapter 7. Europe Market Size and Forecast
- 7.1 By Component
- 7.1.1 Engine Parts, by Product Type
- 7.1.2 Drive Transmission and Steering Parts, by Product Type
- 7.1.3 Suspension and Braking Parts, by Product Type
- 7.1.4 Equipment, by Product Type
- 7.1.5 Electrical Parts, by Product Type
- 7.2 By Distribution Channel
- 7.3 By Country
Chapter 8. APAC Market Size and Forecast
- 8.1 By Component
- 8.1.1 Engine Parts, by Product Type
- 8.1.2 Drive Transmission and Steering Parts, by Product Type
- 8.1.3 Suspension and Braking Parts, by Product Type
- 8.1.4 Equipment, by Product Type
- 8.1.5 Electrical Parts, by Product Type
- 8.2 By Distribution Channel
- 8.3 By Country
Chapter 9. LAMEA Market Size and Forecast
- 9.1 By Component
- 9.1.1 Engine Parts, by Product Type
- 9.1.2 Drive Transmission and Steering Parts, by Product Type
- 9.1.3 Suspension and Braking Parts, by Product Type
- 9.1.4 Equipment, by Product Type
- 9.1.5 Electrical Parts, by Product Type
- 9.2 By Distribution Channel
- 9.3 By Country
Chapter 10. Major Markets: Segment Analysis
- 10.1 The U.S.
- 10.1.1 By Components
- 10.1.2 By Distribution Channel
- 10.2 China
- 10.2.1 By Components
- 10.2.2 By Distribution channel
- 10.3 Germany
- 10.3.1 By Components
- 10.3.2 By Distribution channel
- 10.4 The U.K.
- 10.4.1 By Components
- 10.4.2 By Distribution channel
- 10.5 France
- 10.5.1 By Components
- 10.5.2 By Distribution channel
- 10.6 India
- 10.6.1 By Components
- 10.6.2 By Distribution channel
Chapter 11. Competitive Landscape
- 11.1 List of Key Players and Their Offerings
- 11.2 Competitive Analysis of Key Players
- 11.3 Competitive Benchmarking of Key Players
- 11.4 Strategic Developments of Key Players
- 11.4.1 Product Launches
- 11.4.2 Mergers and Acquisitions, Divestures, and Partnerships
- 11.4.3 Client Wins
- 11.4.4 Facility Expansion
- 11.4.5 Other Developments
Chapter 12. Company Profiles
- 12.1 Delphi Technologies PLC
- 12.1.1 Business Overview
- 12.1.2 Product and Service Offerings
- 12.1.3 Key Financial Summary
- 12.2 Robert Bosch GmbH
- 12.2.1 Business Overview
- 12.2.2 Product and Service Offerings
- 12.2.3 Key Financial Summary
- 12.3 DENSO CORPORATION
- 12.3.1 Business Overview
- 12.3.2 Product and Service Offerings
- 12.3.3 Key Financial Summary
- 12.4 HELLA GmbH & Co. KGaA
- 12.4.1 Business Overview
- 12.4.2 Product and Service Offerings
- 12.4.3 Key Financial Summary
- 12.5 Continental AG
- 12.5.1 Business Overview
- 12.5.2 Product and Service Offerings
- 12.5.3 Key Financial Summary
- 12.6 ZF Friedrichshafen AG
- 12.6.1 Business Overview
- 12.6.2 Product and Service Offerings
- 12.6.3 Key Financial Summary
- 12.7 Valeo SA
- 12.7.1 Business Overview
- 12.7.2 Product and Service Offerings
- 12.7.3 Key Financial Summary
- 12.8 Tenneco Inc.
- 12.8.1 Business Overview
- 12.8.2 Product and Service Offerings
- 12.8.3 Key Financial Summary
- 12.9 Meritor Inc.
- 12.9.1 Business Overview
- 12.9.2 Product and Service Offerings
- 12.9.3 Key Financial Summary
- 12.10 AISIN SEIKI Co. Ltd.
- 12.10.1 Business Overview
- 12.10.2 Product and Service Offerings
- 12.10.3 Key Financial Summary
- 12.11 NGK SPARK PLUG CO. LTD.
- 12.11.1 Business Overview
- 12.11.2 Product and Service Offerings
- 12.11.3 Key Financial Summary
- 12.12 BorgWarner Inc.
- 12.12.1 Business Overview
- 12.12.2 Product and Service Offerings
- 12.12.3 Key Financial Summary
- 12.13 Knorr - Bremse AG
- 12.13.1 Business Overview
- 12.13.2 Product and Service Offerings
- 12.13.3 Key Financial Summary
- 12.14 Dana Inc.
- 12.14.1 Business Overview
- 12.14.2 Product and Service Offerings
- 12.14.3 Key Financial Summary
- 12.15 Mando Corporation
- 12.15.1 Business Overview
- 12.15.2 Product and Service Offerings
- 12.15.3 Key Financial Summary
Chapter 13. Appendix
- 13.1 Abbreviations
- 13.2 Sources and References
- 13.3 Related Reports
比較リスト
