Asia Pacific Automotive After market : Segmented by Type (Crash-Relevant Parts, Appearance and Accessories, Wear and Tear Parts and Diagnostics Products and Services): By Distribution Channel (Online Distribution Channel, Offline Distribution Channel) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2031
Global Asia Pacific Automotive Aftermarket to surpass USD 149.47 billion by 2031 from USD 90.58 billion in 2021 at a CAGR of 5.14 % in the coming years, i.e., 2021-31. Product Overview Automoti... もっと見る
SummaryGlobal Asia Pacific Automotive Aftermarket to surpass USD 149.47 billion by 2031 from USD 90.58 billion in 2021 at a CAGR of 5.14 % in the coming years, i.e., 2021-31.Product Overview Automotive aftermarket is the major sector of the automotive industry including the automotive part businesses and automotive service industry. Automotive parts include bodies, chassis, interiors, mirrors, closures, roof systems, exteriors, seating, powertrains, electronics, and modules. All these parts and components are installed in a vehicle to offer the best driving experience to clients. Market Highlights Asia Pacific Automotive Aftermaket is expected to project a notable CAGR of 4.2 % in 2031. The increasing requirement for scheduled servicing & maintenance to improve an aging vehicle’s lifetime years is boosting the regional industry growth. The growing penetration of OEMs in aftermarket activities coupled with the consolidation of parts distributors is providing a positive outlook for market expansion. Global Asia Pacific Automotive Aftermaket: Segments Wear and Tear segment to grow with the highest CAGR during 2021-31 Global Asia Pacific Automotive Aftermaket is segmented by Type into Crash-Relevant Parts, Appearance and Accessories, Wear and Tear Parts and Diagnostics Products and Services. During the forecast period, the Wear and Tear Parts segment is estimated to hold the biggest market share and increase at the largest rate. This can be attributed to the short life span of these components. By the name it suggests these parts are expected to put in rough use and hence needed to be replaced continuously which ultimately drive the Wear and Tear segment of Automotive Aftermaket. Offline Distribution Channel segment to grow with the highest CAGR during 2020-30 Asia Pacific Automotive Aftermaket is divided by Distribution Channel into Online Distribution Channel, Offline Distribution Channel. During the forecast period, Offline Distribution Channel will be the fastest-growing market, and it is expected to dominate the market, this is due to the exam’s inability of the product. If a customer were to buys a product, they like to see and examine the product physically. This is the significant reason that boost the Offline Distribution Channel segment. Market Dynamics Drivers Rising demand for replacement parts Rising maintenance requirements for excessive tension owing to vehicles’ aging and poor road conditions will drive the demand for aftermarket parts. Factors including low production expenses, an increasing number of manufacturers, and a rising number of accidents will further augment the market growth. Growing Innovations to Comply with Stringent Norms The rising demand for hybrid powertrain systems in vehicles and enactment of stringent norms are few of the major factors boosting the growth of the automotive component systems market. With increasing concern on environmental pollution, all the countries in the region have been extensively working to tackle vehicle emissions. Therefore, boosting the Asia Pacific Automotive Aftermaket. Restraint High competition The highly crowded market with competitors ranging from small scale independent players to big corporates is one of the main factors that hamper the market growth. Global Asia Pacific Automotive Aftermaket: Key Players BASF SE Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis Yazaki Corporation Denso Corporation Continental AG Hella KGaA Huech & Co. Bridgestone Corporation Yangfeng Automotive Interiors Systems Co., Ltd. Delphi automotive PLC 3M Lear Corporation Toyota Motor Company Other Prominent Players Global Asia Pacific Automotive Aftermarket: Regions Global Asia Pacific Automotive Aftermaket is segmented based on regional analysis into following major regions: China, India, Indonesia, Malaysia and Thailand. Based on geography, China dominated the Asia Pacific aftermarket industry with about half the market share of Asia Pacific automotive aftermarket industry. On the other hand, South East region is the fastest growing region for automotive aftermarket industry majorly driven by the Indonesia, Malaysia and Thailand. Nevertheless, the pace of growth in Asia Pacific aftermarket industry is expectable to slow down in the future, mainly because of general slowdown of China’s economic growth in the coming years. Global Asia Pacific Automotive Aftermaket is further segmented by region into: China Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR India Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR Indonesia Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR Malaysia Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR Thailand Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR Global Asia Pacific Automotive Aftermaket report also contains analysis on: Asia Pacific Automotive Aftermaket Segments By Type Crash-Relevant Parts Appearance and Accessories Wear and Tear Parts Diagnostics Products and Services By Distribution Channel Online Distribution Channel Offline Distribution Channel Asia Pacific Automotive Aftermaket Dynamics Asia Pacific Automotive Aftermaket Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved in the Market Value Chain of the Market Market Drivers and Restraints Asia Pacific Automotive Aftermaket Report Scope and Segmentation Report Attribute Details Market size value in 2021 USD 90.58 billion Revenue forecast in 2031 USD 149.47 billion Growth Rate CAGR of 5.14% from 2021 to 2030 Base year for estimation 2020 Quantitative units Revenue in USD million and CAGR from 2021 to 2031 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered Type, Distribution Channel and Region Regional scope China, India, Indonesia, Malaysia and Thailand Key companies profiled Yazaki Corporation, Denso Corporation, Continental AG, Hella KGaA Huech & Co., Bridgestone Corporation, Yangfeng Automotive Interiors Systems Co., Ltd., BASF SE, Delphi automotive PLC, 3M, Lear Corporation, Toyota Motor Company, Other Prominent Players. Table of ContentsContents1. Executive Summary 2. Asia Pacific Automotive Aftermarket 2.1. Product Overview 2.2. Market Definition 2.3. Segmentation 2.4. Assumptions and Acronyms 3. Research Methodology 3.1. Research Objectives 3.2. Primary Research 3.3. Secondary Research 3.4. Forecast Model 3.5. Market Size Estimation 4. Average Pricing Analysis 5. Macro-Economic Indicators 6. Market Dynamics 6.1. Growth Drivers 6.2. Restraints 6.3. Opportunity 6.4. Trends 7. Correlation & Regression Analysis 7.1. Correlation Matrix 7.2. Regression Matrix 8. Recent Development, Policies & Regulatory Landscape 9. Risk Analysis 9.1. Demand Risk Analysis 9.2. Supply Risk Analysis 10. Asia Pacific Automotive Aftermarket Analysis 10.1. Porters Five Forces 10.1.1. Threat of New Entrants 10.1.2. Bargaining Power of Suppliers 10.1.3. Threat of Substitutes 10.1.4. Rivalry 10.2. PEST Analysis 10.2.1. Political 10.2.2. Economic 10.2.3. Social 10.2.4. Technological 11. Asia Pacific Automotive Aftermarket 11.1. Market Size & forecast, 2020A-2030F 11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12. Asia Pacific Automotive Aftermarket: Market Segmentation 12.1. By Regions 12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2. By Type: Market Share (2020-2030F) 12.2.1. Crash-Relevant Parts, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.2. Appearance and Accessories, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.3. Wear and Tear Parts, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.4. Diagnostics Products and Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3. By Distribution Channel: Market Share (2020-2030F) 12.3.1. Online, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.2. Offline, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 13 Company Profile 13.1. BASF SE 13.1.1. Company Overview 13.1.2. Company Total Revenue (Financials) 13.1.3. Market Potential 13.1.4. Global Presence 13.1.5. Key Performance Indicators 13.1.6. SWOT Analysis 13.1.7. Product Launch 13.2. Yazaki Corporation 13.3. Denso Corporation 13.4. Continental AG 13.5. Hella KGaA Huech & Co. 13.6. Bridgestone Corporation 13.7. Yangfeng Automotive Interiors Systems Co., Ltd. 13.8. Delphi automotive PLC 13.9. 3M 13.10. Lear Corporation 13.11. Toyota Motor Company 13.12. Other Prominent Players 14 Consultant Recommendation **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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