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Automotive Aftermarket Global Outlook Report 2025: Mechanical Products Segment is Forecast to Reach $256.7 Billion by 2030 with a CAGR of 3.8%

Automotive Aftermarket Global Outlook Report 2025: Mechanical Products Segment is Forecast to Reach $256.7 Billion by 2030 with a CAGR of 3.8%

Yahoo06-02-2025

The report includes coverage of major players such as 3M, Alps Alpine Co., Ltd., Akebono Brake Industry Co., Ltd., Advance Auto Parts, Akebono Brake Corporation and more.
Automotive Aftermarket Market
Dublin, Feb. 06, 2025 (GLOBE NEWSWIRE) -- The "Automotive Aftermarket - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.The global market for Automotive Aftermarket was valued at US$499.4 Billion in 2024 and is projected to reach US$641.8 Billion by 2030, growing at a CAGR of 4.3% from 2024 to 2030.
Trends in the automotive aftermarket are shaped by technological advancements, shifts in consumer behavior, and evolving regulatory landscapes. The rise of e-commerce has revolutionized the way consumers purchase aftermarket products, providing easy access to a vast selection of parts and accessories through online platforms. This shift has allowed consumers to compare prices, read reviews, and find specific parts more efficiently, thereby transforming traditional purchasing methods.
Additionally, technological advancements in automotive engineering, such as the integration of advanced driver-assistance systems (ADAS), telematics, and connected car technologies, have increased the demand for specialized aftermarket components. These technologies require sophisticated maintenance and repair solutions, which the aftermarket industry is rapidly developing to meet.
The increasing popularity of electric vehicles (EVs) is another significant trend reshaping the aftermarket landscape. As EV adoption grows, there is a rising need for specialized parts such as batteries, charging equipment, and unique maintenance tools. Furthermore, sustainability trends are driving the development of eco-friendly products and practices within the sector, aligning with broader environmental goals and regulations.The growth in the automotive aftermarket market is driven by several factors, including the increasing average age of vehicles, advancements in automotive technologies, and evolving consumer preferences. The average age of vehicles on the road is steadily increasing, which in turn heightens the need for maintenance, repair, and replacement parts. As cars and trucks are kept longer, the demand for aftermarket products continues to rise, supporting the market's expansion. Technological advancements have led to more sophisticated and diverse product offerings that cater to both traditional internal combustion engine (ICE) vehicles and modern electric and hybrid models.
The integration of complex systems such as ADAS and connectivity features has created a demand for advanced diagnostic tools and specialized components in the aftermarket sector. Consumer behavior is also shifting, with an increasing number of vehicle owners interested in customization and performance enhancements. This trend drives the market for high-performance aftermarket products, from engine components to aesthetic modifications. The expansion of e-commerce platforms has further stimulated market growth by making it easier for consumers and businesses to access a wide range of aftermarket parts and services. This accessibility has broadened the market's reach and allowed for more competitive pricing and better customer service.
Additionally, environmental regulations and the push towards sustainability are encouraging the development and adoption of eco-friendly aftermarket products, such as biodegradable lubricants, low-VOC paints, and recycled materials. These factors collectively contribute to the robust growth and dynamic evolution of the automotive aftermarket industry, making it an essential component of the automotive value chain.Scope of the StudyThe report analyzes the Automotive Aftermarket market, presented in terms of market value (US$ Thousand).
The analysis covers the following key segments:
Category (Mechanical Products, Exterior & Structural Products, Electrical Products, Electronic Products, Motor Oil, Fluids & Additives, Appearance Chemicals)
Key Insights:
Market Growth: Understand the significant growth trajectory of the Mechanical Products segment, which is expected to reach US$256.7 Billion by 2030 with a CAGR of 3.8%. The Exterior & Structural Products segment is also set to grow at 3.7% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, valued at $130.9 Billion in 2024, and China, forecasted to grow at an impressive 6.9% CAGR to reach $127.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as 3M, Alps Alpine Co., Ltd., Akebono Brake Industry Co., Ltd., Advance Auto Parts, Akebono Brake Corporation and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Questions Answered:
How is the Global Automotive Aftermarket Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?
Some of the 186 major companies featured in this Automotive Aftermarket market report include:
3M
Alps Alpine Co.
Akebono Brake Industry Co.
Advance Auto Parts
Akebono Brake
3M Collision Repair Solutions
ABS Friction
Allied Nippon
Amalie Oil
Apollo Tyres
ASIMCO Technologies Group
ATC Drivetrain
AP Exhaust Technologies
ADVICS North America
Aisin
Key Attributes:
Report Attribute
Details
No. of Pages
456
Forecast Period
2024 - 2030
Estimated Market Value (USD) in 2024
$499.4 Billion
Forecasted Market Value (USD) by 2030
$641.8 Billion
Compound Annual Growth Rate
4.3%
Regions Covered
Global
Key Topics Covered: MARKET OVERVIEW
Automotive Aftermarket - Global Key Competitors Percentage Market Share in 2024
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024
A Prelude to Automotive Aftermarket Industry
Product Replacement Cycles: Key Factor Influencing Demand for Aftermarket Parts
Maximizing Efficiency of Automobiles: Business Case for Automotive Parts
The Worldwide Automotive Aftermarket Industry: Key Growth Drivers
Automotive Market Set for Revival and Anticipated to Extend Growth Opportunities
Emerging Markets to Drive Automotive Industry
Opportunities in Store & Outlook
An Insight into the Rapidly Growing Online Automotive Aftermarket Industry
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
Independent Aftermarket Suppliers Better Placed in Comparison to Original Equipment Suppliers in the Aftermarket Vehicular Lighting Segment
Efficient Customer Service: A Key Competitive Variable
Internet: Transforming Distribution of Automotive Aftermarket Parts
The Rise of Amazon in the eCommerce Automotive Aftermarket Industry
Recent Market Activity
Select Global Brands
MARKET TRENDS & DRIVERS
Large Global Base of Vehicle Fleet Offers Potential Opportunities for Aftermarket Products
With Consumers Preferring to Keep their Vehicles for Longer Periods, Market Opportunities Remain Rife
EU Passenger Cars Fleet Age (2023): Percentage Breakdown by Age
Anticipated Rise in New Car Sales to Shore Up Demand for Aftermarket Enhancements in the Coming Years
Automotive Aftermarket Industry Influenced by Prevailing Diverse Trends
Dynamic Changes on Several Fronts in the Store
As OEMs Embrace Customer-Oriented Approach, Dynamics in Aftermarket Market Likely to Change
Autonomous Vehicles & ADAS to Impact Uptake of Aftermarket Products
Autonomous Vehicle Commercialization & Technology Penetration Timeline
Battery Electric Vehicles to Influence Prospects of Parts Aftermarket
Predictive Maintenance: New Norm in the Automotive Aftermarket Market
High Passenger Car Density in Developed Regions Spurs Opportunities
Growing Lenience Towards Small Affordable Cars in Developing Markets Bodes Well
New Technologies Keep Aftermarket Players on Their Toes
Pre-Owned Cars & Auto Leasing Drives Growth
Bad Road Conditions & Rise in Automotive Accidents Generate Demand for Aftermarket Parts
Rising Consumer Awareness on Vehicle Maintenance Boosts Market Prospects
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
Aftermarket Products Made in Asia Gain Importance in Global Market
With Low Price Tag, Asian Make Aftermarket Products Sustain Momentum
Emphasis on Product Innovation & Advancements Augurs Well
Remanufactured Aftermarket Parts & Components Gain Prominence
Remanufactured Starters & Alternators Continue to Find Significant Demand
Green House Gas Emissions (in kgCO2-eq) by Type of Manufacturing Activity: Remanufacturing with Secondary Material, New Production with Secondary Material, Remanufacturing with Primary Material and New Production with Primary Material
Demographic Trends to Underpin Future Revenue Growth
Urban Sprawl: Prominent Driver for Automotive Industry & Aftermarket Market
Middle Class Segment Emerges as Major Consumer Group
A REVIEW OF SELECT PRODUCT SEGMENTS
Mechanical Products: Dominant Product Category
Aftermarket Radiators Segment Witnesses Robust Demand
Aftermarket Brake Shoes & Brake Pads Market: A Review
Regulatory Guidelines Dictate Material Selection in Brake Friction Products
Focus on Light-Weight and Non-Toxic Friction Material
Ceramic Brake Pads Make their Way into the Market
Concerns Over Automotive Emissions Steer Demand for Aftermarket Air Filters
Cabin Air Filters Replacement Demand Also Means Easy Money for Service Providers
Technological Advancements: Spearheading Growth
Finer Separation Designs with Reduced Energy Consumption Come to the Fore
Nanotechnology Powered Air Filters to Gain Attention
A Look into Aftermarket Fuel Pumps Market
Stringent Emission Regulations Drive Regular Electric Fuel Pumps Replacements
Aftermarket Gear Shifters & Drives Find Considerable Demand
Aftermarket Electronic Products: High Growth Segment
Vehicle Electronification Trend to Intensify the Demand for Aftermarket Automotive Electronics in the Coming Years
Connected Cars Solidify the Relevance of Integrated Electronic Parts
Robust Opportunities in On-Board Aftermarket Infotainment & Electronic Systems Vertical
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
Vehicle Security Systems: Auto Producers Storm into Aftermarket Security Systems Market
Aftermarket Exterior & Structural Products: Driven Mostly By Tires
Aftermarket Tires: Prominent Category
Retreaded Tires Grow in Popularity in Aftermarket
Vehicular Wiper Systems: Advanced Sensors Augment Usability
Wiper Blades: Main Replacement Component
Universal Fit Aftermarket Wiper Systems Grow in Popularity
Growing Demand in DIY Segment
Pricing: The Main Competitive Variable for Aftermarket Wiper Systems
Factors Influencing Wiper Purchases in Aftermarket - on a Scale of 1 to 10
Growing Preference for Integrated Systems
Aftermarket Rear Wiper Systems: Untapped Opportunity in Low Cost Car Segment
Rise in Demand for Quieter, Lighter and Cleaner Windshield Systems
Aftermarket Electrical Products: Batteries Remain Extremely Relevant
Dominance of Automotive Lead Acid Battery Remains Even More Clear in Aftermarket Market
New Age Cars to Drive Battery Replacement Demand
Advanced Vehicular Lighting Systems Augment Aftermarket Demand
Aftermarket Motor Oil, Fluids & Additives: A Compulsion for Healthy Operation of the Vehicle
Emission Regulations Accelerate Adoption of High-Quality Aftermarket Lubricants
Engine Oils: Major Revenue Generators
Recycled Oils Score Over Virgin Oils
Products Specifically Developed for and Used by Specific End Users
Additives Continue to Make Gains
Aftermarket Appearance Chemicals Seek Opportunities
Luxury Cars: Primary Target Segment for Appearance Chemicals
Growing Investments on Vintage & Classic Cars Augurs Well
KEY CHALLENGES
Counterfeit Products Pose a Threat to the Market
Casual Attitude of Customers Towards Replacement of Parts
Extended Life of OEM Engine & Transmission Systems Hampers Growth
Extended Warranties Hinder Prospects of Independent Service Providers
New & Advanced OEM Fittings Threaten Aftermarket Opportunities
Longer Drain Times Quell Demand for Lubricant Refills
Lower Crankcase Capacities too Reduce Quantity of Lubricants & Oil Consumption
PRODUCT OVERVIEW
Automotive Aftermarket: A Definition
Automotive Aftermarket Product Segments
Key Channels of Distribution
Auto Parts Glossary
For more information about this report visit https://www.researchandmarkets.com/r/80bmdd
About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
Automotive Aftermarket Market
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