Learn about the global automotive aftermarket market through The Business Research Company, which provides information on automotive aftermarket market size, automotive aftermarket market drivers and restraints, automotive aftermarket market players, the COVID-19 impact on the automotive aftermarket market, and more.

The global automotive aftermarket market size is expected to grow from $331.21 billion in 2021 to $346.37 billion in 2022 at a compound annual growth rate (CAGR) of 4.58%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive aftermarket size is expected to reach $606.66 billion in 2026 at a CAGR of 15.04%.

Increasing sales of pre-owned and new vehicles are driving the automotive aftermarket market.

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The automotive aftermarket market consists of sales of automotive aftermarket products and related services by entities (organizations, sole traders, and partnerships) that provide automotive aftermarket solutions. Automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, supply, retail, and installation of all vehicle parts, tools, machines and accessories for light and heavy vehicles, after the sale of the automobile by the OEM (original equipment manufacturer). Aftermarket parts, also called as generic parts or non-OEM parts, are made by a manufacturer other than the vehicle’s original manufacturer. These parts perform the same function as the original part and can be utilized as a replacement for original parts during repair and maintenance.

Global Automotive Aftermarket Market Segments Include:

By Type: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers

By Vehicle Type: Passenger Cars, Commercial Vehicles

By Certification Outlook: Genuine Parts, Certified Parts, Uncertified Parts

By Distribution Channel: Offline Distribution Channel, Online Distribution Channel

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the automotive aftermarket market in 2021.

Technology advancement is a key trend gaining popularity in the automotive aftermarket market. Automotive aftermarket companies are increasingly using digital technologies and going online.

TBRC’s automotive aftermarket market report covers:

Major Market Players: 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY, Magneti Marelli S.p.A., Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, AISIN SEIKI CO., LTD., Royal Dutch Shell PLC, Lear Corporation, Exide Technologies, Inc., Johnsons Controls Inc., and Goodyear Tire & Rubber Company.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Automotive Aftermarket Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides automotive aftermarket market overviews, analyzes and forecasts market size, share, automotive aftermarket market players, automotive aftermarket market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s automotive aftermarket market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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