ASEAN Automotive Aftermarket, By Automotive Component, By Vehicle Type, By Sales Channel- Size, Share, Outlook, and Opportunity Analysis, 2023

Description

ASEAN Automotive Aftermarket is estimated to be valued at US$ 55.3 Bn by 2030.

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 28.7 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	9.80%	2030 Value Projection:	US$ 55.3 Bn

ASEAN Automotive Aftermarket, By Automotive Component, By Vehicle Type, By Sales Channel- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

The automotive aftermarket is the automotive industry market which includes equipment, replacement tires, service repair, collision, repair and accessories, etc. Companies operated in automotive aftermarket are manufacturing, remanufacturing, retailing, distribution, and installation of replacement vehicle parts, automotive accessories, service repair, and equipment. The automotive aftermarket deals with oil and lubricants, batteries, tires, filters, starters and alternators, coatings and paint consumables, exhaust components, spark plugs, crash parts, etc. There are interior and exterior accessories including audio/video devices, steering wheels, parking brake handles, shift boots, grills, headlight covers, front & rear guards, mirrors, etc. Consumers can repair their vehicles on their own with the DIY segments or can take the vehicle to professional repair facilities.

Market Dynamics:

Increase in the average age of a vehicle is expected to boost growth of the ASEAN automotive aftermarket during the forecast period. Material and technology used for automotive manufacturing has improved from the past which increases the average age of vehicles. According to Coherent Market Insights' analysis, in 2016, the number of vehicles on the road with an age range of 5-8 years was around 6 million in Thailand. According to the same source, the number of vehicles over 12 years old is expected to increase by 15% over the next five years globally. Moreover, the reliability of vehicles has improved substantially over the past decade. Consumers are not selling their vehicle instead of keeping old cars as second preferable vehicle. As a result of this, the age of vehicles is increasing, which, in turn, increases the demand for replacement parts, repairs, and maintenance. Thus, these factors are expected to drive the market's growth over the forecast period.

Furthermore, rising disposable income and increased vehicle parts sales are expected to propel the ASEAN automotive aftermarket forward during the forecast period. Disposable income in ASEA has increased significantly, and increased consumer expenditure on automotive parts is driving the growth of the market due to increased automotive sales.

Key features of the study:

This report provides in-depth analysis of the ASEAN Automotive Aftermarket, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the ASEAN Automotive Aftermarket based on the following parameters- company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered in the ASEAN Automotive Aftermarket includes Bridgestone Corporation, Denso Corporation, Hella KGaA, BorgWarner Inc., Robert Bosch GmbH, Continental AG, Enkei Corporation, F.C.C. Co.,Ltd., Mitsuba Corp., Schlemmer, Showa Corporation, Yachio Industry Co., Ltd., TOYOTA MOTOR CORPORATION, and ZF Friedrichshafen AG
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
ASEAN Automotive Aftermarket report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the ASEAN Automotive Aftermarket

Detailed Segmentation:

ASEAN Automotive Aftermarket, By Automotive Component:
- Battery
- Body Parts
- Brake Parts
- Exhaust Components
- Filters
- Lighting and Electronic Components
- Tire
- Engine Components
- Powertrain
- Electrical & Air Conditioning
- Wheels
- Lubricants
- Others
- Cars
ASEAN Automotive Aftermarket, By Vehicle Type:
- Bikes
- Vans, Racing Bikes, and Cars
- Commercial Vehicles
ASEAN Automotive Aftermarket, By Sales Channel:
- General Repair & Service Stations
- Body Shops
- Independent & OEM Authorized Service Center/Dealers
Company Profiles:
- Bridgestone Corporation
- Denso Corporation
- Hella KGaA
- BorgWarner Inc.
- Robert Bosch GmbH
- Continental AG
- Enkei Corporation
- C.C. Co.,Ltd.
- Mitsuba Corp.
- Schlemmer
- Showa Corporation
- Yachio Industry Co., Ltd.
- TOYOTA MOTOR CORPORATION
- ZF Friedrichshafen AG

Product Code: CMI3604

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Automotive Component
- Market Snippet, By Vehicle Type
- Market Snippet, By Sales Channel
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
An Increase in the Average Age of Vehicles
Increase in Miles Driven Per Vehicle
- Restraints
Unorganized Aftermarket for Replaceable Components Such as Filters and Lubricants
Increase in the Replacement and Maintenance Cost
- Opportunities
Technological Advancements
Strategic Evolution of Local Repair Shops
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. ASEAN Automotive Aftermarket- Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. ASEAN Automotive Aftermarket, By Automotive Component, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
Battery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Body Parts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Brake Parts
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Exhaust Components
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Filters
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Lighting and Electronic Components
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Tire
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Engine Components
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Powertrain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Electrical & Air Conditioning
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Wheels
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Lubricants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

6. ASEAN Automotive Aftermarket, By Vehicle Type, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
Car
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Bikes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Vans, Racing Bikes, & Cars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Commercial Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

7. ASEAN Automotive Aftermarket, By Sales Channel, 2017-2030, (US$ Bn)

Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018-2030
- Segment Trends
General Repair & Service Stations
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Body Shops
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)
Independent & OEM Authorized Service Center/Dealers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023-2030, (US$ Bn)

8. Competitive Landscape

Bridgestone Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Denso Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hella KGaA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BorgWarner Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Robert Bosch GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Continental AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Enkei Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
C.C. Co.,Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Mitsuba Corp.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Schlemmer
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Showa Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Yachio Industry Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
TOYOTA MOTOR CORPORATION
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ZF Friedrichshafen AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Analyst Views

9. Section

Research Methodology
About us

ASEAN Automotive Aftermarket, By Automotive Component, By Vehicle Type, By Sales Channel- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030