PUBLISHER: MarketLine | PRODUCT CODE: 1384478
PUBLISHER: MarketLine | PRODUCT CODE: 1384478
Global Automotive Aftermarket industry profile provides top-line qualitative and quantitative summary information including: Market size (value and volume , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the Market.
The Automotive Aftermarket sector includes the sale of automotive components for use on vehicles after first purchase.
The components include: Air Filters, Alloy Wheels, Alternators, Antifreeze Or Coolant, Bonnets, Brake Discs, Brake Drums, Brake Pads, Brake Shoes, Bumpers, Cabin Filters, Catalytic Converters, Clutches, Diesel Filters, Doors, Exhaust Systems, Floor Mats, Glass, Glow Plugs, In Car Entertainment, Light Housings, Oil, Oil Filters, Paints And Solvents, Petrol Filters, Radiators, Roof Bars, Roof boxes, Satellite Navigation, Shock Absorbers, Spark Plugs, Starter Batteries, Starter Motors, Tow Bars, Tyres, Windscreen Wash, Windscreen Wiper Blades, and Wings.
The sector value is calculated in terms of retail selling price (RSP) including all taxes and levies. Included in market value are goods sold through Fast Fits, Autocentres, Garages, Tyre Specialists, Vehicle Manufacturer Networks, Petrol Stations, Hypermarkets, Crash Repair Centres/Body shops, Online Sales, Parts & Accessories Stores and Others. The value includes labor costs from installation as well as the component value.
The volume of goods considers each component as a single piece, such as wiper blades and brake calipers.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
The global automotive aftermarket sector had total revenues of $683.4 billion in 2022, representing a compound annual growth rate (CAGR) of 2.6% between 2017 and 2022.
Sector consumption volume increased with a CAGR of 1.7% between 2017 and 2022, to reach a total of 15.4 billion units in 2022.
Asia-Pacific region dominated the global automotive sector in 2022, accounting for the largest share of 32.9% in 2022.