World Automotive Aftermarket Industry Outlook, 2019 to 2024: Rising Popularity of Autonomous Vehicles & ADAS to Impact Automotive Aftermarket Revenues

DUBLIN, April 10, 2019 /PRNewswire/ -- The "Automotive Aftermarket - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Annual estimates and forecasts are provided for the period 2016 through 2024. Also, a five-year historic analysis is provided for these markets.

This report analyzes the worldwide markets in US$ Million by the following Product Segments:

• Mechanical Products
• Electrical Products
• Electronic Products
• Exterior & Structural Products
• Motor Oil
• Fluids & Additives
• Appearance Chemicals

The report profiles 393 companies including many key and niche players such as:

• 3M Company (USA)
• 3M Automotive Aftermarket Division (USA)
• ACDElco (USA)
• Akebono Brake Corporation (USA)
• American Axle & Manufacturing, Inc. (USA)
• ASIMCO Technologies Limited (China)
• Bridgestone Corporation (Japan)
• Compagnie Gnrale des Etablissements Michelin (France)
• Continental AG (Germany)
• Cooper Tire & Rubber Company (USA)
• Delphi Technologies PLC (UK)
• Denso Corporation (Japan)
• Gates Corporation (USA)
• Goodyear Tire & Rubber Company (USA)
• Grupo Kuo, S.A.B. de C.V. (Mexico)
• HELLA KGaA Hueck & Co. (Germany)
• Hyundai Mobis Co. Ltd. (South Korea)
• Johnson Controls, Inc. (USA)
• Kumho Tires Co., Inc. (South Korea)
• Pirelli & C. S.p.A. (Italy)
• Prestone Products Corporation (USA)
• Robert Bosch GmbH (Germany)
• Tenneco Inc. (USA)
• Yokohama Rubber Co., Ltd. (Japan)
• ZF Friedrichshafen AG (Germany)

Key Topics Covered

1. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

2. INDUSTRY OVERVIEW
A Prelude
Major Market Drivers in a Nutshell
Market Overview
Product Replacement Cycles - Key Factor Influencing Demand for Aftermarket Parts
Maximizing Efficiency of Automobiles - Business Case for Parts
The Worldwide Automotive Aftermarket Industry - Key Growth Drivers
Relatively Stable Economic Scenario to Extend Growth Opportunities
Emerging Markets to Drive Automotive Industry
Opportunity Indicators
Opportunities in Store & Outlook
Expanding Vehicle PARC & Longer Service Life of Vehicles Drive Opportunities in the Aftermarket
An Insight into the Rapidly Growing Online Automotive Aftermarket Industry

3. NOTEWORTHY TRENDS & GROWTH DRIVERS
Major Trends Shaping the Worldwide Automotive Aftermarket Industry
OEMs Embraces Customer-Oriented Approach
Rising Popularity of Autonomous Vehicles & ADAS to Impact Automotive Aftermarket Revenues
Predictive Maintenance - A New Norm in the Automotive Aftermarket
Large Global Base of Vehicle Fleet Offers Potential for Replacements
Global Vehicles in Operation - An Overview
Stable Automobile Production Fuels Growth Opportunities in the OEM Market
Rising Passenger Car Density Spurs Opportunities in the Aftermarket
Growing Demand for Small Affordable Workday Cars in Developing Markets Spurs Growth of Aftermarket Automotive Components
New Technologies Keep Aftermarket Players on Their Toes
Battery Electric Vehicles to Influence Prospects of Parts Aftermarket
Automotive Aftermarket Undergoes Changes on Several Fronts
Road Conditions Drive Frequent Repairs in Emerging Markets
Demand for Aftermarket Parts Grow as Consumers Retain their Vehicles Longer
Projected Rise in New Car Sales to Shore Up Demand for Aftermarket Enhancements in Coming Years
Developing Markets Remain Hot Spots for Growth
Pre-Owned Cars & Auto Leasing Drives Growth
Rise in Automotive Accidents Generate Demand for "Crash Parts"
Educating Consumer - The Key to Growth in Aftermarket
Timely Reminders for Replacements Boosting Aftermarket Sales
DIY Customers Lending Traction to the Market
Market Attributes for Auto Parts in DIY Segment
Market Attributes for Auto Parts in DIY Segment
Growing Demand for DIFM Services Turn 'Service Providers' into Target Customers for Aftermarket Products
Asian Make Products Gaining Importance in Global market
Price Represents Main Influencing Factor for Purchases in Aftermarket - A Case in Point for Cheaper Asian Products

4. KEY CHALLENGES
Counterfeit Products Pose a Threat to the Market
Brake Parts - Major Target for Counterfeiters
Customers' Casual Attitude Towards Replacement of Parts
Extended Life of Original Equipment Engines and Transmissions Hampers Growth
Extended Warranties to Hinder Market Growth of Independent Service Providers
New OEM Fittings Threaten Aftermarket Opportunities
Road Accidents to Drive Sales in the Automotive Aftermarket
Longer Drain Times Quell Demand for Lubricant Refills .
Lower Crankcase Capacities too Reduce Quantity of Lubricants & Oil Consumption

5. A REVIEW OF SELECT PRODUCT SEGMENTS
Mechanical Products Continue to Remain Largest Revenue Contributors for Automotive Aftermarket Segment
Aftermarket Radiators - A Major Revenue Contributor
Extreme Weather Conditions Affect Market Prospects for Aftermarket Radiators
Production of Parts in Abundance Increases Unit Demand
Innovative Materials Being Used for Production of Aftermarket Automotive Radiators
Aftermarket Brake Shoes & Brake Pads Market - A Review
Regulatory Guidelines Dictate Choice of Material used for Production of Brake Friction Products
Focus on Light-Weight and Non-Toxic Friction Material
Ceramic Brake Pads Continue to Grow in Prominence
Aftermarket Air Filters - Primary Beneficiary of Growing Consumer Awareness on Automotive Environmental Pollution
Cabin Air Filters Replacement Demand Also Means Easy Money for Service Providers
Technological Advancements: Spearheading Growth
Capaceon and Nanoweb Media Offers Finer Separation with Reduced Energy Consumption
Nanotechnology Powered Air Filters to Gain Attention
A Look into Aftermarket Fuel Pumps Market
Stringent Emission Regulations Drive Regular Electric Fuel Pumps Replacements
Gear Shifters and Drives Find Considerable Demand in Automotive Aftermarket
Aftermarket Electronic Products - High Growth Sector
Dynamics of Business Opportunities for Aftermarket Automobile Entertainment Systems
Desire to Replace Obsolete Audio Systems Driving Demand for New Age Replacements
Integrated Entertainment Devices Growing in Popularity
In-Car Streaming Radio: A Promising Segment
Entertainment Becomes Punchier With Aftermarket Infotainment Systems
Aftermarket Automobile Navigation Systems Gain Popularity
Aftermarket GPS Systems Commands Increasing Usage in Fleet Management
Aftermarket GPS Car Security Systems: Getting Smaller and Simpler
Driverless Cars - A Bright Prospect for High-End GPS Based In-Vehicle Navigation Systems

6. PRODUCT OVERVIEW
Market Structure and Overview
The Distinct Characteristics of the Auto Parts and Accessories Industry
The Players
Distribution System in the Aftermarket at Product Level
The Competitive Factors
A Strategic Insight

7. COMPETITIVE SCENARIO
OEMs Come Up with New Strategies to Counter Independent Players
OEMs Pose a Challenge to Aftermarket Players
OEMs Upstage Aftermarket Suppliers with New Designs
Manufacturers in Emerging Markets Intensify Competition
Player Consolidation Intensifies to Achieve Scale Economies
Private Label Brands Establish a Stronghold on the Aftermarket Brake Friction Products Segment
Discounters Hurt Business Prospects for Small Retailers and Branded Suppliers
Entry Barriers High in the Aftermarket Vehicular Lighting Segment

7.1 Focus on Select Global Players

7.2 Product Introductions/Innovations
Continental Adds Original Turbochargers to its Product Range
Professional Parts Launches Three Derivatives Under the Service in a Box Brand
Federal-Mogul Motorparts to Launch Wagner's Latest Braking Innovation
Motorcar Parts of America Introduces Premium Line of Braking System Products
PartsHub Launches the World's First Product Experience Management (PXM) Platform
Gates Introduces Premium Hydraulics with New Gates MXT Family of Hoses
Otocare Releases 50 New Eco-Friendly Automotive Aftermarket Products
REV Group Introduces Innovative Aftermarket Products Through REV Parts
Gates Corporation Launches Updated International Thread Identification Kit and Other Products
Akebono Expands Brake Pad Line
Gates Corporation Launches Updated DriveAlign Automatic Belt Tensioner Line and Other Products
Gates Corporation Launches Updated Variable Valve Timing Solenoids and Other Products

7.3 Recent Industry Activity
AISIN and DENSO to Form a New Company - BluE Nexus
Icahn Automotive to Acquire RPM Automotive
Cooper Tire to Form a Joint Venture with Sailun Vietnam
Continental Collaborates with Turo for New Application - Turo Go
Uni-Select Acquires Autochoice
Ford Partners with Yakima to Offer 150 Parts and Accessories
FAW Toyota Launches a Flagship Store on JD.com
Continental to Market Its Products Under Continental Name
Calsonic Kansei to Acquire Automotive Components Business Magneti Marelli
Walmart Partners with Advance Auto Parts to Create Automotive Specialty Store
AAG Acquires Platinum International and TMS Motor Spares
Continental Expands its Range of Brake Discs for Mercedes-Benz Models
HELLA Showcases the New Strategic Orientation of its Aftermarket Business at Automechanika 2018

8. GLOBAL MARKET PERSPECTIVE

Total Companies Profiled: 393 (including Divisions/Subsidiaries - 437)

• The United States (178)
• Canada (13)
• Japan (43)
• Europe (89)
• France (8)
• Germany (31)
• The United Kingdom (15)
• Italy (8)
• Spain (2)
• Rest of Europe (25)
• Asia-Pacific (Excluding Japan) (101)
• Middle East (5)
• Latin America (8)

For more information about this report visit https://www.researchandmarkets.com/research/txc7cj/world_automotive?w=5

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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