NEW YORK, Feb. 20, 2020 /PRNewswire/ -- Automotive Aftermarket market worldwide is projected to grow by US$114.1 Billion, driven by a compounded growth of 3.3%. Mechanical Products, one of the segments analyzed and sized in this study, displays the potential to grow at over 3.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$230 Billion by the year 2025, Mechanical Products will bring in healthy gains adding significant momentum to global growth.
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- Representing the developed world, the United States will maintain a 2.6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$4.2 Billion to the region's size and clout in the next 5 to 6 years. Over US$3.4 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Mechanical Products will reach a market size of US$12 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 5% over the next couple of years and add approximately US$30.8 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
- Competitors identified in this market include, among others,
- 3M Company
- ACDElco
- Akebono Brake Corporation
- American Axle & Manufacturing Inc.
- ASIMCO Technologies Limited
- Bridgestone Corporation
- Compagnie Générale des Etablissements Michelin
- Continental AG
- Cooper Tire & Delphi Technologies PLC
- Denso Corporation
- Gates Corporation
- Goodyear Tire & Rubber Company
- Grupo Kuo S.A.B. de C.V.
- HELLA KGaA Hueck & Co., Hyundai Mobis Co. Ltd.
- Johnson Controls Inc.
- Kumho Tires Co. Inc.
- Pirelli & C. S.p.A.
- Prestone Products Corporation
- Robert Bosch GmbH
- Tenneco Inc.
- Yokohama Rubber Co. Ltd.
- ZF Friedrichshafen AG
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
A Prelude
Recent Market Activity
Major Market Drivers in a Nutshell
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
Emerging Markets to Drive Automotive Industry
Relatively Stable Economic Scenario to Extend Growth Opportunities
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
Global Competitor Market Shares
Automotive Aftermarket Competitor Market Share Scenario
Worldwide (in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
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 Générale 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)
Grupo Kuo, S.A.B. de C.V. (Mexico)
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)
3. MARKET TRENDS & 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
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
Aftermarket Manufacturers Step Up Investments on Product
Innovation & Development
Remanufactured Aftermarket Parts & Components Gain Prominence
Remanufactured Starters & Alternators Continue to Find
Significant Demand - A Case in Point
Expanding Middle Class Population Fuels Broad Based Growth in
the Market
Rapid Urbanization Triggers Growth
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
Lower Crankcase Capacities too Reduce Quantity of Lubricants &
Oil Consumption
Longer Drain Times Quell Demand for Lubricant Refills
4. GLOBAL MARKET PERSPECTIVE
Table 1: Automotive Aftermarket Global Market Estimates and
Forecasts in US$ Million by Region/Country: 2018-2025
Table 2: Automotive Aftermarket Global Retrospective Market
Scenario in US$ Million by Region/Country: 2009-2017
Table 3: Automotive Aftermarket Market Share Shift across Key
Geographies Worldwide: 2009 VS 2019 VS 2025
Table 4: Mechanical Products (Category) World Market by
Region/Country in US$ Million: 2018 to 2025
Table 5: Mechanical Products (Category) Historic Market
Analysis by Region/Country in US$ Million: 2009 to 2017
Table 6: Mechanical Products (Category) Market Share Breakdown
of Worldwide Sales by Region/Country: 2009 VS 2019 VS 2025
Table 7: Exterior & Structural Products (Category) Potential
Growth Markets Worldwide in US$ Million: 2018 to 2025
Table 8: Exterior & Structural Products (Category) Historic
Market Perspective by Region/Country in US$ Million: 2009 to
2017
Table 9: Exterior & Structural Products (Category) Market Sales
Breakdown by Region/Country in Percentage: 2009 VS 2019 VS 2025
Table 10: Electrical Products (Category) Geographic Market
Spread Worldwide in US$ Million: 2018 to 2025
Table 11: Electrical Products (Category) Region Wise Breakdown
of Global Historic Demand in US$ Million: 2009 to 2017
Table 12: Electrical Products (Category) Market Share
Distribution in Percentage by Region/Country: 2009 VS 2019 VS
2025
Table 13: Electronic Products (Category) World Market Estimates
and Forecasts by Region/Country in US$ Million: 2018 to 2025
Table 14: Electronic Products (Category) Market Historic Review
by Region/Country in US$ Million: 2009 to 2017
Table 15: Electronic Products (Category) Market Share Breakdown
by Region/Country: 2009 VS 2019 VS 2025
Table 16: Motor Oil, Fluids & Additives (Category) World Market
by Region/Country in US$ Million: 2018 to 2025
Table 17: Motor Oil, Fluids & Additives (Category) Historic
Market Analysis by Region/Country in US$ Million: 2009 to 2017
Table 18: Motor Oil, Fluids & Additives (Category) Market Share
Distribution in Percentage by Region/Country: 2009 VS 2019 VS
2025
Table 19: Appearance Chemicals (Category) World Market
Estimates and Forecasts in US$ Million by Region/Country: 2018
to 2025
Table 20: Appearance Chemicals (Category) Market Worldwide
Historic Review by Region/Country in US$ Million: 2009 to 2017
Table 21: Appearance Chemicals (Category) Market Percentage
Share Distribution by Region/Country: 2009 VS 2019 VS 2025
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Automotive Aftermarket Market Share (in %) by Company: 2020
& 2025
Market Analytics
Table 22: United States Automotive Aftermarket Market Estimates
and Projections in US$ Million by Category: 2018 to 2025
Table 23: Automotive Aftermarket Market in the United States by
Category: A Historic Review in US$ Million for 2009-2017
Table 24: United States Automotive Aftermarket Market Share
Breakdown by Category: 2009 VS 2019 VS 2025
CANADA
Table 25: Canadian Automotive Aftermarket Market Estimates and
Forecasts in US$ Million by Category: 2018 to 2025
Table 26: Canadian Automotive Aftermarket Historic Market
Review by Category in US$ Million: 2009-2017
Table 27: Automotive Aftermarket Market in Canada: Percentage
Share Breakdown of Sales by Category for 2009, 2019, and 2025
JAPAN
Table 28: Japanese Market for Automotive Aftermarket: Annual
Sales Estimates and Projections in US$ Million by Category for
the Period 2018-2025
Table 29: Automotive Aftermarket Market in Japan: Historic
Sales Analysis in US$ Million by Category for the Period
2009-2017
Table 30: Japanese Automotive Aftermarket Market Share Analysis
by Category: 2009 VS 2019 VS 2025
CHINA
Table 31: Chinese Automotive Aftermarket Market Growth
Prospects in US$ Million by Category for the Period 2018-2025
Table 32: Automotive Aftermarket Historic Market Analysis in
China in US$ Million by Category: 2009-2017
Table 33: Chinese Automotive Aftermarket Market by Category:
Percentage Breakdown of Sales for 2009, 2019, and 2025
EUROPE
Market Facts & Figures
European Automotive Aftermarket Market: Competitor Market Share
Scenario (in %) for 2020 & 2025
Market Analytics
Table 34: European Automotive Aftermarket Market Demand
Scenario in US$ Million by Region/Country: 2018-2025
Table 35: Automotive Aftermarket Market in Europe: A Historic
Market Perspective in US$ Million by Region/Country for the
Period 2009-2017
Table 36: European Automotive Aftermarket Market Share Shift by
Region/Country: 2009 VS 2019 VS 2025
Table 37: European Automotive Aftermarket Market Estimates and
Forecasts in US$ Million by Category: 2018-2025
Table 38: Automotive Aftermarket Market in Europe in US$
Million by Category: A Historic Review for the Period 2009-2017
Table 39: European Automotive Aftermarket Market Share
Breakdown by Category: 2009 VS 2019 VS 2025
FRANCE
Table 40: Automotive Aftermarket Market in France by Category:
Estimates and Projections in US$ Million for the Period
2018-2025
Table 41: French Automotive Aftermarket Historic Market
Scenario in US$ Million by Category: 2009-2017
Table 42: French Automotive Aftermarket Market Share Analysis
by Category: 2009 VS 2019 VS 2025
GERMANY
Table 43: Automotive Aftermarket Market in Germany: Recent
Past, Current and Future Analysis in US$ Million by Category
for the Period 2018-2025
Table 44: German Automotive Aftermarket Historic Market
Analysis in US$ Million by Category: 2009-2017
Table 45: German Automotive Aftermarket Market Share Breakdown
by Category: 2009 VS 2019 VS 2025
ITALY
Table 46: Italian Automotive Aftermarket Market Growth
Prospects in US$ Million by Category for the Period 2018-2025
Table 47: Automotive Aftermarket Historic Market Analysis in
Italy in US$ Million by Category: 2009-2017
Table 48: Italian Automotive Aftermarket Market by Category:
Percentage Breakdown of Sales for 2009, 2019, and 2025
UNITED KINGDOM
Table 49: United Kingdom Market for Automotive Aftermarket:
Annual Sales Estimates and Projections in US$ Million by
Category for the Period 2018-2025
Table 50: Automotive Aftermarket Market in the United Kingdom:
Historic Sales Analysis in US$ Million by Category for the
Period 2009-2017
Table 51: United Kingdom Automotive Aftermarket Market Share
Analysis by Category: 2009 VS 2019 VS 2025
SPAIN
Table 52: Spanish Automotive Aftermarket Market Estimates and
Forecasts in US$ Million by Category: 2018 to 2025
Table 53: Spanish Automotive Aftermarket Historic Market Review
by Category in US$ Million: 2009-2017
Table 54: Automotive Aftermarket Market in Spain: Percentage
Share Breakdown of Sales by Category for 2009, 2019, and 2025
RUSSIA
Table 55: Russian Automotive Aftermarket Market Estimates and
Projections in US$ Million by Category: 2018 to 2025
Table 56: Automotive Aftermarket Market in Russia by Category:
A Historic Review in US$ Million for 2009-2017
Table 57: Russian Automotive Aftermarket Market Share Breakdown
by Category: 2009 VS 2019 VS 2025
REST OF EUROPE
Table 58: Rest of Europe Automotive Aftermarket Market
Estimates and Forecasts in US$ Million by Category: 2018-2025
Table 59: Automotive Aftermarket Market in Rest of Europe in
US$ Million by Category: A Historic Review for the Period
2009-2017
Table 60: Rest of Europe Automotive Aftermarket Market Share
Breakdown by Category: 2009 VS 2019 VS 2025
ASIA-PACIFIC
Table 61: Asia-Pacific Automotive Aftermarket Market Estimates
and Forecasts in US$ Million by Region/Country: 2018-2025
Table 62: Automotive Aftermarket Market in Asia-Pacific:
Historic Market Analysis in US$ Million by Region/Country for
the Period 2009-2017
Table 63: Asia-Pacific Automotive Aftermarket Market Share
Analysis by Region/Country: 2009 VS 2019 VS 2025
Table 64: Automotive Aftermarket Market in Asia-Pacific by
Category: Estimates and Projections in US$ Million for the
Period 2018-2025
Table 65: Asia-Pacific Automotive Aftermarket Historic Market
Scenario in US$ Million by Category: 2009-2017
Table 66: Asia-Pacific Automotive Aftermarket Market Share
Analysis by Category: 2009 VS 2019 VS 2025
AUSTRALIA
Table 67: Automotive Aftermarket Market in Australia: Recent
Past, Current and Future Analysis in US$ Million by Category
for the Period 2018-2025
Table 68: Australian Automotive Aftermarket Historic Market
Analysis in US$ Million by Category: 2009-2017
Table 69: Australian Automotive Aftermarket Market Share
Breakdown by Category: 2009 VS 2019 VS 2025
INDIA
Table 70: Indian Automotive Aftermarket Market Estimates and
Forecasts in US$ Million by Category: 2018 to 2025
Table 71: Indian Automotive Aftermarket Historic Market Review
by Category in US$ Million: 2009-2017
Table 72: Automotive Aftermarket Market in India: Percentage
Share Breakdown of Sales by Category for 2009, 2019, and 2025
SOUTH KOREA
Table 73: Automotive Aftermarket Market in South Korea: Recent
Past, Current and Future Analysis in US$ Million by Category
for the Period 2018-2025
Table 74: South Korean Automotive Aftermarket Historic Market
Analysis in US$ Million by Category: 2009-2017
Table 75: Automotive Aftermarket Market Share Distribution in
South Korea by Category: 2009 VS 2019 VS 2025
REST OF ASIA-PACIFIC
Table 76: Rest of Asia-Pacific Market for Automotive
Aftermarket: Annual Sales Estimates and Projections in US$
Million by Category for the Period 2018-2025
Table 77: Automotive Aftermarket Market in Rest of
Asia-Pacific: Historic Sales Analysis in US$ Million by
Category for the Period 2009-2017
Table 78: Rest of Asia-Pacific Automotive Aftermarket Market
Share Analysis by Category: 2009 VS 2019 VS 2025
LATIN AMERICA
Table 79: Latin American Automotive Aftermarket Market Trends
by Region/Country in US$ Million: 2018-2025
Table 80: Automotive Aftermarket Market in Latin America in US$
Million by Region/Country: A Historic Perspective for the
Period 2009-2017
Table 81: Latin American Automotive Aftermarket Market
Percentage Breakdown of Sales by Region/Country: 2009, 2019,
and 2025
Table 82: Latin American Automotive Aftermarket Market Growth
Prospects in US$ Million by Category for the Period 2018-2025
Table 83: Automotive Aftermarket Historic Market Analysis in
Latin America in US$ Million by Category: 2009-2017
Table 84: Latin American Automotive Aftermarket Market by
Category: Percentage Breakdown of Sales for 2009, 2019, and
2025
ARGENTINA
Table 85: Argentinean Automotive Aftermarket Market Estimates
and Forecasts in US$ Million by Category: 2018-2025
Table 86: Automotive Aftermarket Market in Argentina in US$
Million by Category: A Historic Review for the Period 2009-2017
Table 87: Argentinean Automotive Aftermarket Market Share
Breakdown by Category: 2009 VS 2019 VS 2025
BRAZIL
Table 88: Automotive Aftermarket Market in Brazil by Category:
Estimates and Projections in US$ Million for the Period
2018-2025
Table 89: Brazilian Automotive Aftermarket Historic Market
Scenario in US$ Million by Category: 2009-2017
Table 90: Brazilian Automotive Aftermarket Market Share
Analysis by Category: 2009 VS 2019 VS 2025
MEXICO
Table 91: Automotive Aftermarket Market in Mexico: Recent Past,
Current and Future Analysis in US$ Million by Category for the
Period 2018-2025
Table 92: Mexican Automotive Aftermarket Historic Market
Analysis in US$ Million by Category: 2009-2017
Table 93: Mexican Automotive Aftermarket Market Share Breakdown
by Category: 2009 VS 2019 VS 2025
REST OF LATIN AMERICA
Table 94: Rest of Latin America Automotive Aftermarket Market
Estimates and Projections in US$ Million by Category: 2018 to
2025
Table 95: Automotive Aftermarket Market in Rest of Latin
America by Category: A Historic Review in US$ Million for
2009-2017
Table 96: Rest of Latin America Automotive Aftermarket Market
Share Breakdown by Category: 2009 VS 2019 VS 2025
MIDDLE EAST
Table 97: The Middle East Automotive Aftermarket Market
Estimates and Forecasts in US$ Million by Region/Country:
2018-2025
Table 98: Automotive Aftermarket Market in the Middle East by
Region/Country in US$ Million: 2009-2017
Table 99: The Middle East Automotive Aftermarket Market Share
Breakdown by Region/Country: 2009, 2019, and 2025
Table 100: The Middle East Automotive Aftermarket Market
Estimates and Forecasts in US$ Million by Category: 2018 to
2025
Table 101: The Middle East Automotive Aftermarket Historic
Market by Category in US$ Million: 2009-2017
Table 102: Automotive Aftermarket Market in the Middle East:
Percentage Share Breakdown of Sales by Category for 2009,
2019, and 2025
IRAN
Table 103: Iranian Market for Automotive Aftermarket: Annual
Sales Estimates and Projections in US$ Million by Category for
the Period 2018-2025
Table 104: Automotive Aftermarket Market in Iran: Historic
Sales Analysis in US$ Million by Category for the Period
2009-2017
Table 105: Iranian Automotive Aftermarket Market Share Analysis
by Category: 2009 VS 2019 VS 2025
ISRAEL
Table 106: Israeli Automotive Aftermarket Market Estimates and
Forecasts in US$ Million by Category: 2018-2025
Table 107: Automotive Aftermarket Market in Israel in US$
Million by Category: A Historic Review for the Period 2009-2017
Table 108: Israeli Automotive Aftermarket Market Share
Breakdown by Category: 2009 VS 2019 VS 2025
SAUDI ARABIA
Table 109: Saudi Arabian Automotive Aftermarket Market Growth
Prospects in US$ Million by Category for the Period 2018-2025
Table 110: Automotive Aftermarket Historic Market Analysis in
Saudi Arabia in US$ Million by Category: 2009-2017
Table 111: Saudi Arabian Automotive Aftermarket Market by
Category: Percentage Breakdown of Sales for 2009, 2019, and
2025
UNITED ARAB EMIRATES
Table 112: Automotive Aftermarket Market in the United Arab
Emirates: Recent Past, Current and Future Analysis in US$
Million by Category for the Period 2018-2025
Table 113: United Arab Emirates Automotive Aftermarket Historic
Market Analysis in US$ Million by Category: 2009-2017
Table 114: Automotive Aftermarket Market Share Distribution in
United Arab Emirates by Category: 2009 VS 2019 VS 2025
REST OF MIDDLE EAST
Table 115: Automotive Aftermarket Market in Rest of Middle
East: Recent Past, Current and Future Analysis in US$ Million
by Category for the Period 2018-2025
Table 116: Rest of Middle East Automotive Aftermarket Historic
Market Analysis in US$ Million by Category: 2009-2017
Table 117: Rest of Middle East Automotive Aftermarket Market
Share Breakdown by Category: 2009 VS 2019 VS 2025
AFRICA
Table 118: African Automotive Aftermarket Market Estimates and
Projections in US$ Million by Category: 2018 to 2025
Table 119: Automotive Aftermarket Market in Africa by Category:
A Historic Review in US$ Million for 2009-2017
Table 120: African Automotive Aftermarket Market Share
Breakdown by Category: 2009 VS 2019 VS 2025
IV. COMPETITION
Total Companies Profiled: 393
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