Automotive Aftermarket Part Market

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 parts, accessories, etc. for sale may not be manufactured by the OEM. According to a report by the International Trade Administration in the Department of Commerce, "Aftermarket parts are divided into two categories: replacement parts and accessories. Replacement parts are automotive parts built or remanufactured to replace OE parts as they become worn or damaged. Accessories are parts made for comfort, convenience, performance, safety, or customization, and are designed for add-on after the original sale of the motor vehicle.

The aftermarket encompasses parts for replacement, collision, appearance, and performance. The aftermarket provides a wide variety of parts of varying qualities and prices for nearly all vehicle makes and models.
Automotive Aftermarket Part Market contains market size and forecasts of Automotive Aftermarket Part in Global, including the following market information:
Global Automotive Aftermarket Part Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Automotive Aftermarket Part market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Body Parts Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Aftermarket Part include Robert Bosch GmbH, Denso Corp., Magna International Inc., Continental AG, ZF Friedrichshafen AG, Aisin Seiki Co., Hyundai Mobis, Lear Corp. and Valeo SA and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Automotive Aftermarket Part companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Aftermarket Part Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Automotive Aftermarket Part Market Segment Percentages, by Type, 2021 (%)
Body Parts
Brake Parts
Automotive Electronic Parts
Optics Parts
Engine Components
Car Tires
Others
Global Automotive Aftermarket Part Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Automotive Aftermarket Part Market Segment Percentages, by Application, 2021 (%)
Passenger Car
Commercial Vehicle
Global Automotive Aftermarket Part Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Automotive Aftermarket Part Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Aftermarket Part revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Automotive Aftermarket Part revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Robert Bosch GmbH
Denso Corp.
Magna International Inc.
Continental AG
ZF Friedrichshafen AG
Aisin Seiki Co.
Hyundai Mobis
Lear Corp.
Valeo SA
Faurecia