PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1844036
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1844036
Global Automotive Aftermarket Outlook, 2025
Global Aftermarket Maintains Steady Growth Driven by Shifting Vehicle Ownership Trends
The study has a base year of 2024 and forecasts trends through 2029. It adopts a global perspective, offering region-specific insights for North America (Canada and the United States), Europe, China, India, Latin America, Gulf Cooperation Council (GCC) nations, and the Rest of the World-though the latter is not explored in depth.
Frost & Sullivan's analysis focuses on light vehicles with gross vehicle weight ratings (GVWR) of up to 6 metric tons, which include: - Passenger vehicles: such as sedans, hatchbacks, SUVs, multipurpose vehicles, and vans - Light commercial vehicles: such as pickup trucks
The findings indicate that global aftermarket revenues have been strongly influenced by favorable demand dynamics-a trend expected to persist into 2025. Robust growth projections for China and India are supported by encouraging market signals from North America and Europe. Contributing factors include aging vehicle fleets, increasing annual mileage, and a rising number of vehicles on the road. As customers strive to maximize the return on their aftermarket purchases, industry players are encouraged to adopt innovative strategies and deliver tailored solutions to capitalize on emerging opportunities. This period is also critical for suppliers aiming to chart a long-term growth trajectory.
Key trends identified by Frost & Sullivan as shaping the global automotive aftermarket in 2024 include potential impacts from proposed Trump-era tariffs, increasing electrified vehicle (xEV) adoption, advancements in technology-driven solutions, and the increasing role of software-defined vehicles and their implications for aftersales service.
These trends point to significant opportunity areas for stakeholders across the value chain.
Additional insights covered in the report include regional variations in market dynamics, changes in the 2024 landscape that will influence 2025, prominent activities by original equipment manufacturers (OEMs), and local market opportunities available to aftermarket participants in each region.
Table of Contents
Transformation in the Automotive Aftermarket
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8
- The Impact of the Top 3 Strategic Imperatives on the Global Automotive Aftermarket
- Growth Opportunities Fuel the Growth Pipeline Engine
Growth Environment
- Analysis Highlights
- Top Predictions for 2025
- Revenue Forecast for Replacement Parts and Accessories
- 2024 in Numbers
- 2024 Trends
- 2025 in Numbers
- 2025 Trends
- Trend 1: Impact of Trump's Policies on the Aftermarket Industry
- Trend 2: IAM Suppliers Facing Headwinds in the EV Transition
- Trend 3: Navigating the Crossroads: Diversifying Product Lines to Stay Afloat
- Trend 4: Technology Enabling Downstream Effectiveness
- Trend 5: Software-defined Vehicles and Emergence of Data-driven Growth in the Aftermarket
Ecosystem
- Research Scope
- Vehicle Segmentation
- Market Segmentation by Region
- Questions That This Study Will Answer
2025 Global Economic Outlook
- Top 10 Trends for 2025
- 2025 Visioning Scenarios
- 2025 Visioning Scenarios-Global Growth Expectations
- 2025 Global Risks and Risk Mitigation Strategies
- 2025 Growth Opportunities by Region
- Global GDP Growth Snapshot
Growth Generator: Global Automotive Aftermarket Outlook, 2025
- Global Light Vehicle VIO
- Global Aftermarket Revenue Potential
- Global Automotive Aftermarket Revenue Outlook
- Growth Opportunity by Country
- Average Vehicle Age
- Average Vehicle Miles Traveled
- Automotive Aftermarket Revenue Forecast
- Automotive Aftermarket Channel Share
- Trend Relevance by Region
- Global Automotive Aftermarket Top Trends in 2025
- OEM Activity in 2024
- eCommerce Activity in 2024
- Supplier/Distributor Activity in 2024
- Policy and Regulatory Changes in 2024
Growth Generator: North America Automotive Aftermarket Outlook, 2025
- Regional Outlook: United States
- Regional Outlook: Canada
- North American Aftermarket Dashboard
- Aftermarket Outlook: Revenue by Replacement Part Type
- VIO Ownership Pattern
- VIO Model Mix
- Automotive Aftermarket Opportunity Areas
Growth Generator: Europe Automotive Aftermarket Outlook, 2025
- Regional Outlook: Europe
- European Aftermarket Dashboard
- VIO Ownership Pattern
- VIO Model Mix
- Automotive Aftermarket Opportunity Areas
Growth Generator: China Automotive Aftermarket Outlook, 2025
- Regional Outlook: China
- China Aftermarket Dashboard
- Aftermarket Outlook: Revenue by Replacement Part Type
- VIO Ownership Pattern
- VIO Model Mix
- Automotive Aftermarket Opportunity Areas
Growth Generator: India Automotive Aftermarket Outlook, 2025
- Regional Outlook: India
- Indian Aftermarket Dashboard
- Aftermarket Outlook: Revenue by Replacement Part Type
- VIO Ownership Pattern
- VIO Model Mix
- Automotive Aftermarket Opportunity Areas
Growth Generator: LATAM Automotive Aftermarket Outlook, 2024
- Regional Outlook: LATAM
- LATAM Aftermarket Dashboard
- Aftermarket Outlook: Revenue by Replacement Part Type
- VIO Ownership Pattern
- VIO Model Mix
- Automotive Aftermarket Opportunity Areas
Growth Generator: GCC Automotive Aftermarket Outlook, 2024
- Regional Outlook: GCC
- GCC Aftermarket Dashboard
- Aftermarket Outlook: Revenue by Replacement Part Type
- VIO Ownership Pattern
- VIO Model Mix
- Automotive Aftermarket Opportunity Areas
Growth Opportunity Universe
- Growth Opportunity 1: Second Line and Private Label Alternatives to Tap Into Expanding Price Sensitivity Among Aftermarket Customers
- Growth Opportunity 2: Vertical Integration for Maximizing Revenue in Automotive Aftermarket
- Growth Opportunity 3: Digitization of Parts and Service Ordering in the Customer Journey
Key Conclusions and Future Automotive Aftermarket Outlook
- Key Conclusions and Future Outlook
Appendix & Next Steps
- Benefits and Impacts of Growth Opportunities
- Next Steps
- List of Exhibits
- Legal Disclaimer
