Automotive Parts & Accessories Market Size- By Product, By Application, By Distribution Channel, By Certification- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

Description

Global Automotive Parts & Accessories Market Overview

According to SPER Market Research, the Global Automotive Parts and Components Market is estimated to reach USD 2287.8 billion by 2032 with a CAGR of 3.80%.

Aftermarket parts and components for Automobiles are those added after the vehicle has left the manufacturer. This industry includes the sale of equipment, service repair, collision repair, aftermarket accessories, replacement tyres, and equipment. It covers businesses that are engaged in producing, distributing, selling, installing, and remanufacturing all auto parts and accessories. Technology improvements have led to the digitization of vehicle repair and component sales, which in turn has accelerated the growth of the automotive aftermarket sector. A vehicle's manufacture, remanufacturing, distribution, redistribution, end-retail, resale, and installation operations are referred to as automotive aftermarket activities. The aftermarket includes replacement, collision, aesthetic, and performance parts. The use of cutting-edge technology has led to the digitalization of automotive component sales and maintenance, which has raised the aftermarket's profile. Products and services that are powered by technology are establishing new trends and boosting market expansion.

Automotive Parts and Components Market

Impact of COVID-19 on the Automotive Aftermarket Service and Parts Market

The COVID-19 outbreak is still going strong, and it is having a particularly bad effect on the car and transportation industries. These industries are also dealing with levels of uncertainty that have never before been seen. It is predicted that COVID-19 will have a substantial influence on the supply chain and product demand in the automotive aftermarket. The industry's current biggest problem is not the supply chain disruption brought on by China, but rather the general drop in aftermarket product demand. With the termination of all non-essential services, it is anticipated that the market for commercial vehicle component parts would decline dramatically. The uncertainty surrounding the pandemic may also cause changes in consumer purchasing habits that will have a substantial influence on the industry's development in the near future. Through economic ups and downs, people are more inclined to hold onto their vehicles.

Scope of the Report

Report Metric Details:

Market size available for years: 2019-2032

Base year considered: 2021

Forecast period: 2022-2032

Segments covered: By Product, By Application, By Distribution Channel, By Certification

Regions covered: Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Companies Covered: 3M Company, Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denco Corporation, Federal-Mogul Corporation, Hella KGaA Huek & Co, Robert Bosch GmbH, Valeo Group, ZF Friedchshafen

Global Automotive Parts & Accessories Market Segmentation:

By Product: Based on the Product, Global Automotive Aftermarket Service and Parts is segmented as; Battery, Body parts, Brake Parts, Filters, Lighting & Electronic Components, Tire, Turbochargers, Wheels, Others

By Application: Based on the Application, Global Automotive Aftermarket Service and Parts is segmented as; DIFM (Do it for Me), DIY (Do it Yourself), OE (Delegating to OEM's)

By Distribution Channel: Based on the Distribution Channel, Global Automotive Aftermarket Service and Parts is segmented as; {Retailers (OEMs, Repair Shops), Wholesale & Distributers}

By Certification: Based on the Certification, Global Automotive Aftermarket Service and Part is segmented as; Certified Parts, Genuine parts, Uncertified parts

By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America

Product Code: AMIN2327

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1 Research data source
- 2.1.1 Secondary data
- 2.1.2 Primary data
- 2.1.3 SPER's internal database
- 2.1.4 Premium insight from KOL's
2.2 Market size estimation
- 2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1 Drivers
- 4.1.2 Restraints
- 4.1.3 Opportunities
- 4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Automotive Aftermarket Service and Parts Market

5. Market variables and outlook

5.1. SWOT analysis
- 5.1.1 Strengths
- 5.1.2 Weaknesses
- 5.1.3 Opportunities
- 5.1.4 Threats
5.2. PESTEL analysis
- 5.2.1 Political landscape
- 5.2.2 Economic landscape
- 5.2.3 Social landscape
- 5.2.4 Technological landscape
- 5.2.5 Environmental landscape
- 5.2.6 Legal landscape
5.3. PORTER'S five forces analysis
- 5.3.1 Bargaining power of suppliers
- 5.3.2 Bargaining power of Buyers
- 5.3.3 Threat of Substitute
- 5.3.4 Threat of new entrant
- 5.3.5 Competitive rivalry
5.4. Heat map analysis

6. Competitive Landscape

6.1 Global Automotive Aftermarket Service and Parts Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Automotive Aftermarket Service and Parts Market

7. Global Automotive Aftermarket Service and Parts Market, By Product, 2019-2032 (USD Million)

7.1. Battery
7.2. Body Parts
7.3. Brake Parts
7.4. Filters
7.5. Lighting & Electronic Components
7.6. Tyre
7.7. Turbochargers
7.8. Wheels
7.9. Others

8. Global Automotive Aftermarket Service and Parts Market, By Application, 2019-2032 (USD Million)

8.1 DIFM ( Do it for Me)
8.2 DIY ( Do it Yourself )
8.3 OE ( Delegating to OEM's)

9. Global Automotive Aftermarket Service and Parts Market, By Distribution Channel, 2019-2032 (USD Million)

9.1 Wholesale & Distributers
9.2 Retailers
- 9.2.1 OEMs
- 9.2.2 Repair Shops

10. Global Automotive Aftermarket Service and Parts Market, By Certification, 2019-2032 (USD Million)

10.1 Certified Parts
10.2 Genuine Parts
10.3 Uncertified Parts

11. Global Automotive Aftermarket Service and Parts Market, By Region, 2019-2032 (USD Million)

11.1 Global Automotive Aftermarket Service and Parts Market Size and Market Share by Region (2019-2025)
11.2 Global Automotive Aftermarket Service and Parts Market Size and Market Share by Region (2026-2032)
11.3 Asia-Pacific
- 11.3.1 Australia
- 11.3.2 China
- 11.3.3 India
- 11.3.4 Japan
- 11.3.5 South Korea
- 11.3.6 Rest of Asia-Pacific
11.4 Europe
- 11.4.1 France
- 11.4.2 Germany
- 11.4.3 Italy
- 11.4.4 Spain
- 11.4.5 United Kingdom
- 11.4.6 Rest of Europe
11.5 Middle East and Africa
- 11.5.1 Kingdom of Saudi Arabia
- 11.5.2 United Arab Emirates
- 11.5.3 Rest of Middle East & Africa
11.6 North America
- 11.6.1 Canada
- 11.6.2 Mexico
- 11.6.3 United States
11.7 Latin America
- 11.7.1 Argentina
- 11.7.2 Brazil
- 11.7.3 Rest of Latin America

12. Company Profiles

12.1 3M Company
- 12.1.1 Company details
- 12.1.2 Financial outlook
- 12.1.3 Product summary
- 12.1.4 Recent developments
12.2 Continental AG
- 12.2.1 Company details
- 12.2.2 Financial outlook
- 12.2.3 Product summary
- 12.2.4 Recent developments
12.3 Cooper Tire & Rubber Company
- 12.3.1 Company details
- 12.3.2 Financial outlook
- 12.3.3 Product summary
- 12.3.4 Recent developments
12.4 Delphi Automotive PLC
- 12.4.1 Company details
- 12.4.2 Financial outlook
- 12.4.3 Product summary
- 12.4.4 Recent developments
12.5 Denco Corporation
- 12.5.1 Company details
- 12.5.2 Financial outlook
- 12.5.3 Product summary
- 12.5.4 Recent developments
12.6 Federal-Mogul Corporation
- 12.6.1 Company details
- 12.6.2 Financial outlook
- 12.6.3 Product summary
- 12.6.4 Recent developments
12.7 HELLA KGaA Huek & Co.
- 12.7.1 Company details
- 12.7.2 Financial outlook
- 12.7.3 Product summary
- 12.7.4 Recent developments
12.8 Robert Bosch GmbH
- 12.8.1 Company details
- 12.8.2 Financial outlook
- 12.8.3 Product summary
- 12.8.4 Recent developments
12.9 Valeo Group
- 12.9.1 Company details
- 12.9.2 Financial outlook
- 12.9.3 Product summary
- 12.9.4 Recent developments
12.10 ZF Freidrichshafen
- 12.10.1 Company details
- 12.10.2 Financial outlook
- 12.10.3 Product summary
- 12.10.4 Recent developments