Market Research Report
Wholesale Distribution Automotive Aftermarket Market with COVID-19 Impact Analysis, By Replacement Part, and By Region - Size, Share, & Forecast from 2021-2027
|Published by||AnalystView Market Insights||Product code||980702|
|Published||Content info||233 Pages
Delivery time: 2-3 business days
|Wholesale Distribution Automotive Aftermarket Market with COVID-19 Impact Analysis, By Replacement Part, and By Region - Size, Share, & Forecast from 2021-2027|
|Published: December 1, 2020||Content info: 233 Pages||
The global Wholesale Distribution Automotive Aftermarket market was valued at USD 180.3 billion by 2019, growing with 7.1% CAGR during the forecast period, 2021-2027.
The wholesale distribution automotive aftermarket is the secondary market of automotive, which offers to manufacture, remanufacturing, distribution, sale, and installation of various parts of the vehicles, equipment, chemicals, and accessories, after the purchase of automobile by the original equipment manufacturer (OEM) to the consumers. According to the International Trade Administration in the Department of Commerce, the aftermarket parts are categorized into replacement parts and accessories. The replacement parts are the vehicle parts that can be used in place of original parts that were fitted by the equipment manufacturer. On the other hand, the accessories segment refers to the parts installed for the comfort, performance, convenience, safety, and customization of the motor vehicle. This former category is the essential components whereas the later ones are just the add-ons installed after the original sale of the vehicle.
The wholesale distribution automotive aftermarket market is expected to have slow yet steady growth, owing to the application of advanced technology in the fabrication of auto parts. Upsurge demand for passenger automobile production with the digitalization of automotive repair & maintenance services are also responsible for boosting global business growth. For instance, the data unveiled by the International Organization of Motor Vehicle Manufacturers calculated the total sale of cars in the world to be around 91,358,457 in 2019. Thus, these sales statistics also aids in provoking business growth.
Also, the expanding automotive sector with the elevating manufacturing of auto components further creates the need for wholesale distribution automotive aftermarket. However, the surging reception of hybrid & autonomous cars, semi-autonomous, and electric vehicles complemented with the incorporations in the automobile sector for aftermarket component manufacturing is also expected to expand the wholesale distribution automotive aftermarket market size in the years to come.
Changing lifestyles in emerging nations such as India and Brazil coupled with the growing awareness about proper maintenance and repair of vehicles to enhance the average age of vehicles also aids the business development of this sector. Furthermore, the poor road infrastructure in developing economies also enhances the demand for wholesale distribution automotive aftermarket.
On the contrary, the replication of auto components poses a major threat, restricting the wholesale distribution of automotive aftermarket shares. Besides, the right to repair campaign kind of awareness campaigns creates development opportunity, favoring the wholesale distribution automotive aftermarket market growth.
Based on the replacement part, the tire leads the segment with a significant market share, accounting for the robust demand for radial tires as they offer low rolling resistance. Furthermore, their high durability, enhanced service, and their replacement requirements on regular basis also influence the growth of the wholesale distribution automotive aftermarket market in a positive direction.
Key features of the study:
This proposed research study on wholesale distribution automotive aftermarket market provides market size (US$ million), compound annual growth rate (CAGR %), and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for the wholesale distribution automotive aftermarket market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the wholesale distribution automotive aftermarket market
Impact of COVID-19 on wholesale distribution automotive aftermarket market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on wholesale distribution automotive aftermarket market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the wholesale distribution automotive aftermarket market, we have also included a competitive landscape and key innovator analysis for the wholesale distribution automotive aftermarket market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate, and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the wholesale distribution automotive aftermarket market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new product launches, research & development, regional expansion of major participants involved in the wholesale distribution automotive aftermarket market on global as well as regional level.
The global wholesale distribution automotive aftermarket market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL WHOLESALE DISTRIBUTION AUTOMOTIVE AFTERMARKET MARKET KEY PLAYERS
Delphi Automotive PLC
Magneti Marelli S.p.A.
Robert Bosch GmbH
The Goodyear Tire & Rubber Company
ZF Friedrichshafen AG
Cooper Tire & Rubber Company
GLOBAL WHOLESALE DISTRIBUTION AUTOMOTIVE AFTERMARKET MARKET, BY REPLACEMENT PART
Lighting & electronic components
GLOBAL WHOLESALE DISTRIBUTION AUTOMOTIVE AFTERMARKET MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
The Middle East and Africa
United Arab Emirates
Rest of MEA
List of Tables
List of Figures