An indepth market analysis of the automotive aftermarket sector, the aasa status report includes. On the other hand, extended drain intervals and the modest impact of electric vehicles evs are expected to hinder the markets growth. 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, after the sale of the automobile by the original equipment manufacturer oem to the consumer. The growing adult population would normally ensure that u. This is expected to drive the growth of automotive aftermarket in the u. Revenue increase overall ranking has deteriorated compare to previous quarter from 27 to 51.
Global automotive aftermarket 2019 market by size, growth. Major factors driving the market studied are growing adoption of highperformance lubricants. Following a period of economic instability, the automotive aftermarket parts industry in the united states is expected to benefit from increasing. The automotive aftermarket has a current business value of about 800.
Aug 24, 2018 heraldkeeper via comtex automotive aftermarket industry is to grow at strategic cagr of 4. Automotive aftermarket october 16, 2015 1 ltm trading multiples ev ltm ebitda automotive aftermarket trading multiples 10162015 1 year ago automotive aftermarket index 12. The research identifies the main industry trends in the key markets of apac such as china, australia, india, japan, thailand, and indonesia. Automotive aftermarket, frequently referred to as secondary market, manufactures and supplies spare parts, accessories and other components for various automobiles. Automotive industry the us is home to different automotive manufacturers gm, ford, chrysler, honda,toyota, nissan, hyundaikia, bmw, mercedesbenz, volkswagen, mazda, mitsubishi, and subaru which produce an average of over 8 million passenger vehicles annually. Jefferies weekly global automotive aftermarket report. These trends impact the market in complex, interconnected ways some of which may be beneficial for. Us automotive aftermarket industry report albi dhimitri 2. To help our automotive aftermarket partners, weve outlined the key industry trends and how they affect aftermarket companies. Dallas, united states april 4, 2019 marketersmedia 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, after the sale of the automobile by the original equipment manufacturer oem to the consumer.
It also determines which regions and segments will enjoy the highest growth potential. Ecommerce automotive aftermarket market 2019 to 2024. This study sets out to show the promising prospects that will open up the way to restructuring the automotive industry. Indian automotive industry including component manufacturing is expected to reach inr1618 trillion usd251283. Automotive aftermarket expected to hit usd 1,000 billion market value at 4. This volume should not be used in isolation, but needs to be used in the context of the whole training package. Get more details on this report request free sample pdf. The europe automotive aftermarket industry statistics report shows the market revenue was usd 241. It includes 535,000 individual businesses consisting of independent. The trump administration has made it clear that regulations and trade policies are now open to renegotiation and even. Global automotive aftermarket industry key players, share, sales, revenue, industry size in terms of volume with regional outlook is analyzed in this report.
The automotive industry is the largest manufacturing sector in the united states. However,therussian automotivemarketh asb enh vily h. Automotive after market is driven by factors such as rise in buyers awareness regarding routine maintenance, convenience, and safety along with addon services such as internal and external accessories and exhaust components. The rs calculates the size of the asiapacific automotive aftermarket through analysis of vio and replacement rates. New 2020 automotive aftermarket trends you should know. Globally, aftermarket volume, including retail sales, is growing rapidly and becoming increasingly important to automotive companies compared to new car sales. The aftermarket is the part of the automotive industry sector comprising the. Aeromotive services oem connectors and wire harnesses.
In 2018 india was the worlds 4th largest manufacturer of cars and 7th largest manufacturer of commercial vehicles. We strive to provide individuals with disabilities equal access to our. This research service discusses in detail the asiapacific automotive market during 2018 and presents the expected trends for 2019. Opportunities for analytics in the automotive industry the automotive industry continues to face a dynamic set of challenges. Why the automotive industry needs to overhaul aftersales. Automotive aftermarket industry s pace of revenue growth in 1 q 2020 decelerated to 0. Within the automotive industry, the aftermarket is a fundamental part, accounting for 1520% of the total.
The automotive aftermarket industry is affected by various factors, whether its new manufacturing technologies or general shifts in selling strategies. At the same time, digital channels are quickly transforming the way people shop for cars and automotive aftermarket products, creating new opportunities to engage with. Sales representative automotive aftermarket jobs glassdoor. With its enewsletters, website and print publication, amn is a trusted resource for the automotive aftermarket s most important decisionmakers. One area that has the opportunity to deliver significant competitive advantage is analytics. The global automotive after market valuation is expected to cross usd 486. In our recent study, its clear that invisible servicefrictionless aftersales driven by digitalis something drivers are willing to pay for. Uncertainty and risk in the global automotive industry 5 the rise of populist sentiment embodied by the recent events in europe and the united states signals the beginning of a period of turbulence for the automotive industry. The study provides an analysis of the automotive aftermarket outlook in the region with a focus on key markets including china, australia, india, japan, thailand, and indonesia.
The automotive lubricants market is expected to register a cagr of around 2% during the forecast period. Oems and aftermarket players need to get into the drivers seat to overhaul aftersales, or risk being left behind. In europe alone, the automotive industry accounts for roughly 12 million jobs including related jobs. Automotive aftermarket industry revenue growth, reported. Apr 10, 2019 the expresswire via comtex this report researches the global industry data of ecommerce automotive aftermarket market.
Europe automotive aftermarket industry trends, statistics. The market is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, appearance, along with other aspects. It is truly a global industry with automakers from the united states, europe, japan and korea producing cars and automotive parts for consumers around the world. The automotive aftermarket is the secondary market of the automotive industry, concerned with. Cars already incorporate vast stores of data to improve safety control mechanisms and maintenance suggestions. For those with the right ambition it represents an exciting time with opportunities to differentiate and stand out from the crowd. About us automotive aftermarket suppliers association.
The economic impact of the motor vehicle parts manufacturing industry on the united states august 2016. This will continue to further liberalize the automotive aftermarket and increase competition in the parts and service. Digitization is transforming the automotive aftermarket industry. In the next years, ten trendsin three broad categorieswill fundamentally change the industry exhibit 1.
Search sales representative automotive aftermarket jobs. At the automotive aftermarket suppliers association aasa, we are equipped to help aftermarket suppliers drive their business forward through experience based on a legacy of supplier innovation industry analysis and strategic insights for business planning. Automotive aftermarket industry trends, size, growth. This report is an independent study commissioned by the smmt on how the uk automotive industry currently operates within the eu and the benefits and challenges that eu membership presents. Automotive aftermarket industry trends global report 2026. The aftermarket in the automotive industry 3 1 executive summary 4. This graph shows the size of the automotive aftermarket in the united states from 2010 to 2018, and gives projections through 2022. Uncertainty and risk in the global automotive industry. Automotive aftermarket industry trends report, 20202027.
Automotive aftermarket industry size, growth and trends. The report shows that wearandtear parts and automotive service segments to. The global automotive aftermarket size was valued at usd 378. Within the automotive industry, the aftermarket is a fundamental part, accounting for 1520% of the total value of the sector. Motor vehicle parts manufacturing, naics 336211 and 3363. Along with the presence of major tier1 and tier2 component manufacturers including bosch gmbh, continental, thyssenkrupp, zf trw, magneti marelli, delphi, etc. Automotive aftermarket industry 2018 trends, statistics.
86 895 789 1387 889 1072 346 546 35 1235 900 589 1433 523 218 97 796 32 1597 1446 720 85 375 995 1257 1503 1344 806 1361 842 1128 897 870 944 1187 1468 966 779 1154