According to Goldstein Research, world automotive aftermarket market is expected to grow from USD 182.0 billion in 2017, equaling 23.4% of total automotive industry which is expected to expand at a compounded annual growth rate of 6.4% over the forecast period 2017-2025. The increasing new vehicle sale across the region is driving the automotive aftermarket industry of Asia Pacific. Moreover, the trend of digitalized products and services is also propelling the growth of APAC automotive aftermarket sector. The Asia Pacific automotive aftermarket industry segmentation has been carried out on the basis of aftermarket products and services type, end-user, distribution channel, and geography. On the basis of after-market products and services, the segment wear & tear parts accounted for largest market share i.e. 56.0% in 2017 of the total market. Asia Pacific automotive aftermarket industry is majorly driven by China with a market share of 50.0%. Further, the countries of South East Asia region such as Indonesia, Malaysia, and Thailand are witnessing fast growth in the automotive aftermarket industry.
Market Segmentation
On the basis of our in-depth analysis, Asia Pacific Automotive Aftermarket Market can be segmented as follows:
- By Aftermarket Products and Services Type
- Wear-and-Tear Parts
- Crash-Relevant Parts
- Accessories and Appearance Products
- Diagnostics Products
- Services (Fleet Management etc.)
- By End Users Type
- Service Providers (Telematics, Fleet Management etc.)
- Independent Workshops
- Automotive OEM Workshop
- By Distribution Channels
- Offline Distribution Channel
- Online Distribution Channel
- By Region
- China {Market Share (%), Market Size (USD Billion)}
- India {Market Share (%), Market Size (USD Billion)}
- Japan {Market Share (%), Market Size (USD Billion)}
- Australia {Market Share (%), Market Size (USD Billion)}
- South Korea {Market Share (%), Market Size (USD Billion)}
- Indonesia {Market Share (%), Market Size (USD Billion))}
- Philippines {Market Share (%), Market Size (USD Billion))}
- Thailand {Market Share (%), Market Size (USD Billion))}
- Vietnam {Market Share (%), Market Size (USD Billion))}
- Malaysia {Market Share (%), Market Size (USD Billion))}
- Rest of Asia Pacific {Market Share (%), Market Size (USD Billion))}
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Automotive Aftermarket Insights & Key Players
“Asia Pacific Automotive Aftermarket Industry Outlook 2025”contains a detailed overview of the Asia Pacific automotive aftermarket market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by aftermarket products and services type, end-user and distribution channel.
Further, for the in-depth analysis, Asia Pacific (APAC) Automotive Aftermarket Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as3M, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, MagnetiMarelliS.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, COOPER TIRE & RUBBER COMPANY, Robert Bosch GmbH, etc.
The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the Asia Pacific automotive aftermarket market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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