Asia-Pacific Automotive Aftermarket Market: Crucial Subsector Of Automotive Industry

Asia-Pacific Automotive Aftermarket Industry Trends, Demand, and Share

WireNews

WireNews

According to Goldstein Research, Asia-Pacific automotive aftermarket market is expected to grow from USD 182 billion in 2017 at a CAGR of 6.4% over the forecast period, 2017-2025. Increasing retail sales of automobiles in the region and the digital-driven products and services are majorly growth drivers for the market growth over the forecast period. Asia-Pacific Automotive aftermarket market segmentation has been done on the basis of aftermarket products and services type, end-users, distribution channel and geography. Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 56% in automotive aftermarket industry. On the other hand, services segment is the fastest growing segment which is likely to expand at a CAGR of +9% over the forecast period.

Asia-Pacific Automotive aftermarket market is dominated by China with about 50% market share. On the other hand, South East region is the fastest growing region for automotive aftermarket industry majorly fueled by the Indonesia, Malaysia and Thailand.

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Market Segmentation

On the basis of our in-depth analysis, Asia-Pacific Automotive Aftermarket Market can be segmented as follows:

By After Market Products and Services Type
  • Wear-and-Tear Parts
  • Crash-Relevant Parts
  • Accessories and Appearance Products
  • Diagnostics Products
  • Services (Fleet Management etc.)
By End Users Type
  • Service Providers (Telematics, Fleet Management etc.)
  • Independent Workshops
  • Automotive OEM Workshop
By Distribution Channels
  • Offline Distribution Channel
  • Online Distribution Channel
By region
  • China Automotive aftermarket {Market Share (%), Market Size (USD Billion)}
  • India Automotive aftermarket {Market Share (%), Market Size (USD Billion)}
  • Japan Automotive aftermarket {Market Share (%), Market Size (USD Billion)}
  • Australia Automotive aftermarket {Market Share (%), Market Size (USD Billion)}
  • Vietnam Automotive aftermarket {Market Share (%), Market Size (USD Billion)}
  • Philippines Automotive aftermarket {Market Share (%), Market Size (USD Billion)}
  • South Korea Automotive aftermarket {Market Share (%), Market Size (USD Billion)}
  • Thailand Automotive aftermarket {Market Share (%), Market Size (USD Billion)}
  • Rest of Asia Pacific Automotive aftermarket {Market Share (%), Market Size (USD Billion)}

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“Asia-Pacific Automotive Aftermarket Market Outlook 2024” contains detailed overview of the Asia-Pacific Automotive aftermarket market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by aftermarket products and services type, end-users and distribution channel.

Further, for the in-depth analysis, Asia-Pacific Automotive Aftermarket Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, COOPER TIRE & RUBBER COMPANY and Robert Bosch GmbH, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the Asia-Pacific Automotive aftermarket market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview.

Our analysts working on automotive industry trends reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.

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