PUBLISHER: Polaris Market Research | PRODUCT CODE: 1719917
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1719917
The global automotive wholesale and distribution aftermarket market size is expected to reach USD 483.29 billion by 2034, according to a new study by Polaris Market Research. The report "Automotive Wholesale and Distribution Aftermarket Market Size, Share, Trends, Industry Analysis Report: By Vehicle Type (Passenger Vehicles and Commercial Vehicles), Replacement Product, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The automotive wholesale and distribution aftermarket is the secondary market for vehicles and automotive parts. It involves the distribution, retailing, and installation of vehicle parts, accessories, and services. Tires, brakes, batteries, lighting and electronic components, filters, exhaust components, and wheels are some common examples of automotive aftermarket parts.
The growing global automotive industry and the increase in auto component manufacturing are the primary factors driving the automotive wholesale and distribution aftermarket market growth. The growing e-commerce sector, which allows customers to access, compare, and choose from a wide range of automotive components, is having a favorable impact on the market expansion. Customers are drawn to this market as it can address the shortcomings of the automotive industry and provide them with a mix of quality, choice, affordability, and convenience.
The rising popularity of hybrid and electric vehicles and continuous advancements in autonomous vehicle technology are fueling the automotive wholesale and distribution aftermarket market development. The increasing usage of data analytics in maintenance procedures is one of the key market trends anticipated to boost market revenue in the coming years. The growing awareness of proper vehicle care and repair is expected to provide several market opportunities during the forecast period.
Key Highlights of Automotive Wholesale and Distribution Aftermarket Market
Based on replacement product, the tires segment led the market in 2024, acquiring 25.4% of the total revenue share. This is because tires are one of the primary automobile components that need to be replaced continuously due to high wear and tear.
By vehicle type, the passenger vehicles segment accounted for the largest automotive wholesale and distribution aftermarket market share in 2024. With rising urbanization, there has been an increase in the use of passenger automobiles for daily commuting. As a result, many automotive parts experience increased wear and tear, necessitating more frequent repairs and replacements.
North America dominated the global market in 2024, driven by the presence of an established automotive sector, a high rate of vehicle ownership, and a growing market for used automobiles in the region.
Asia Pacific is anticipated to witness the fastest growth during the forecast period, driven by the rapidly growing automotive industry in the region.
Goodyear Tire & Rubber Company, Cooper Tire & Rubber Company, Robert Bosch GmbH, Denso Corporation, Continental AG, ZF Friedrichshafen AG, 3M Company, Delphi Automotive PLC, Magneti Marelli S.p.A and Sumitomo Electric Industries Ltd. are a few of the key players in the market.
Polaris Market Research has segmented the global automotive wholesale and distribution aftermarket market report on the basis of vehicle type, replacement product, and region:
Automotive Wholesale and Distribution Aftermarket Market Segmentation