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The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories.
Market Analysis and Insights: Global Automotive Aftermarket Market
Due to the COVID-19 pandemic, the global Automotive Aftermarket market size is estimated to be worth US$ 1021990 million in 2021 and is forecast to a readjusted size of US$ 1021990 million by 2028 with a CAGR of 3.3% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Automotive Aftermarket global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
United States is the largest market of the automotive aftermarket with share over 28.8%. China will rank the first worldwide in sales for an eighth straight year.
Bridgestone, Michelin, Autozone, Genuine Parts Company, Goodyear, Continental, Advance Auto Parts, O'Reilly Auto Parts, Bosch are the main players in the market. The top 5 occupied 6% in 2019, the whole market is quite competitive.
Wear and Tear Parts is the most important type of Automotive Aftermarket, its market share is 43% in 2019, then followed by Tire Service and Crash Relevant Parts, which occupied 13.7% and 13.1% respectively.
Passengers car needs more services in automotive aftermarket compared to Commercial Vehicle, it took nearly 70% of the market.
Global Automotive Aftermarket Scope and Market Size
The global Automotive Aftermarket market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Automotive Aftermarket market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Wear and Tear Parts
Crash Relevant Parts
Maintenance Service
Diagnostics Products and Service
Tire Service
Other
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Bridgestone
Michelin
Autozone
Genuine Parts Company
Goodyear
Continental
Advance Auto Parts
O'Reilly Auto Parts
Bosch
Tenneco
Belron International
Denso
Driven Brands
China Grand Automotive
Zhongsheng Group
3M Company
Yongda Group
Monro
Delphi
Tuhu Auto
Market Analysis and Insights: Global Automotive Aftermarket Market
Due to the COVID-19 pandemic, the global Automotive Aftermarket market size is estimated to be worth US$ 1021990 million in 2021 and is forecast to a readjusted size of US$ 1021990 million by 2028 with a CAGR of 3.3% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Automotive Aftermarket global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
United States is the largest market of the automotive aftermarket with share over 28.8%. China will rank the first worldwide in sales for an eighth straight year.
Bridgestone, Michelin, Autozone, Genuine Parts Company, Goodyear, Continental, Advance Auto Parts, O'Reilly Auto Parts, Bosch are the main players in the market. The top 5 occupied 6% in 2019, the whole market is quite competitive.
Wear and Tear Parts is the most important type of Automotive Aftermarket, its market share is 43% in 2019, then followed by Tire Service and Crash Relevant Parts, which occupied 13.7% and 13.1% respectively.
Passengers car needs more services in automotive aftermarket compared to Commercial Vehicle, it took nearly 70% of the market.
Global Automotive Aftermarket Scope and Market Size
The global Automotive Aftermarket market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Automotive Aftermarket market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Wear and Tear Parts
Crash Relevant Parts
Maintenance Service
Diagnostics Products and Service
Tire Service
Other
Segment by Application
Passenger Vehicle
Commercial Vehicle
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Bridgestone
Michelin
Autozone
Genuine Parts Company
Goodyear
Continental
Advance Auto Parts
O'Reilly Auto Parts
Bosch
Tenneco
Belron International
Denso
Driven Brands
China Grand Automotive
Zhongsheng Group
3M Company
Yongda Group
Monro
Delphi
Tuhu Auto
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