Asia Pacific Automotive Aftermarket Size Estimates By Product (Replacement Parts [Belt, Brakes, Clutch, Electrical Parts, Lighting, Electrical & AC Parts, Exhaust, Filters, Suspensions, Transmission, Wiper Parts], Accessories [Car Exteriors, Car Interiors]), By Sales Outlet (Professional [Quick Lubes, Garages & Service Stations, Automobile Dealerships, Government, Commercial Fleets & Other Professional Outlets], DIY [Discount Department Stores, Auto Parts Stores], OEM Factory Fill), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Sep 2021  |  Report ID: GMI3076  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 220   |   Base Year: 2020

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Asia Pacific Automotive Aftermarket size exceeded USD 120 billion in 2020 and will exhibit a growth rate of over 6.9% from 2021 to 2027. The increasing requirement for scheduled servicing & maintenance to enhance an aging vehicle’s lifespan is driving the regional industry growth. The increasing penetration of OEMs in aftermarket activities along with the consolidation of parts distributors is providing a positive outlook for market expansion.

Asia Pacific Automotive Aftermarket

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The growing middle-class population and increasing purchasing power is spurring vehicle sales and providing potential opportunities for aftermarket parts manufacturers & supply chain providers. Aging vehicle fleets coupled with the growing demand for replacement parts will further escalate revenue generation. The increasing usage of automobiles in several emerging countries is estimated to enhance APAC aftermarket industry statistics.

The shift in consumer preferences to upgrade old cars with new technologies is also expected to propel Asia Pacific market revenue. The increasing popularity of connectivity/telematics, ADAS, and entertainment systems among the younger generation is further supporting the market development.

Rising demand for replacement parts will complement the industry growth

Replacement parts will dominate the market with around 80% revenue share by 2027. Growing maintenance requirements for excessive strain due to vehicles’ aging and poor road conditions will boost the demand for aftermarket parts. Factors including low production costs, a rising number of manufacturers, and an increasing number of accidents will further augment the segment growth.

Consumer preferences for lightweight wheels have surged significantly over recent years on account of the shifting trends toward fuel efficiency, weight reduction, and vehicle customization. The rising disposable income is influencing the automotive demand, resulting in a substantial increase in the production of wheels. The growing demand for wheels has led to the opening of new manufacturing facilities and capacity expansion across developing countries.

Rising adoption of professional sales outlets will foster the automotive aftermarket share

Asia Pacific Automotive Aftermarket, By Sales Outlet

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The professional sales outlet segment is set to generate more than USD 120 billion revenue by 2027 impelled by factors such as service quality, the proximity of stores, demand for premium-quality products, and expertise on products. Moreover, increasing average age of vehicles and an increase in automobile sales will spur the market statistics. The scope of growth in this sector is due to the strong adoption of online marketing such as e-tailing that integrates the outlets with the online market.

The professional sales outlets segment from quick lubes is expected to grow at a significant rate during the forecast period. The quick lube held the maximum share in the market. Services offered by quick lubes are oil changes, wiper replacements, and filter replacements. Oil changes comprise about 70% of the revenue out of the total revenue generated by the quick lubes business. The factors driving growth in this sector are convenient locations, coupons & offers, and the speed of services.

China to witness significant growth

Asia Pacific Automotive Aftermarket, By Country

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China automotive aftermarket is poised to witness above 8% CAGR through 2027. The Chinese aftermarket segment is fueled by the growing production of new vehicles coupled with the modification and upgrading of old vehicles, which are still in use. Advancements in technologies and innovations in the automotive industry are expected to create new opportunities for aftermarket companies in APAC.

The rising sales of hybrid, gas, and electric vehicles due to shifting consumer preference toward energy-efficient vehicles are anticipated to enhance the automotive demand, which in turn, supporting the aftermarket requirements. The adoption of various customization & digitization in vehicles, usage of Bluetooth devices, and several other accessories are propelling the industry expansion in Japan, South Korea, and Australia.

Product expansion is one of the major strategic outlooks

Automotive components manufacturers and various auto care brands are entering into strategic collaborations to offer a wide range of products in the APAC automotive aftermarket. This enables manufacturers to enhance their presence in several regions across the globe.

A high degree of competition is present in the industry. The key participants are expanding their presence in emerging economies to meet the growing need for aftermarket services. Some of the major manufacturers include 3M, Robert Bosch GmbH, Denso Corporation, Hyundai Mobis Co., Ltd., ACDelco, Lear Corporation, ALCO Filters Ltd., Akebono Brake Corporation, Aisin Seiki, Toyota Motor Corporation, and Delphi Automotive PLC.

The Asia Pacific automotive aftermarket research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2017 to 2027 for the following segments:

Industry Analysis, By Product

  • Replacement parts
    • Belt
    • Brakes
    • Clutch
    • Electrical parts
    • Lighting
    • Engine & AC parts
    • Exhaust
    • Filters
    • Suspensions
    • Transmission
    • Wiper parts
    • Others
  • Accessories
    • Car exteriors
    • Car interiors

Industry Analysis, By Sales Outlet

  • Professional
    • Quick lubes
    • Garages & service stations
    • Automobile dealerships
    • Government
    • Commercial fleets & other professional outlets
  • DIY
    • Discount department stores
    • Auto parts stores
  • OEM Factory fill

Industry Analysis, By Country

  • China
  • India
  • South Korea
  • Japan
  • Indonesia
  • Thailand
  • Malaysia
  • Vietnam
  • Australia
  • Rest of Asia Pacific


Frequently Asked Questions (FAQ) :

Asia Pacific automotive aftermarket size crossed USD 120 billion in 2020 and will exhibit a CAGR of over 6.9% through 2027, says this GMI report.
Replacement parts segment will capture over 80% share by 2027 owing to increasing maintenance requirements for excessive strain owing to vehicles’ aging and poor road conditions.
Professional sales outlet segment will generate over USD 120 billion revenue by 2027 owing to the availability of service quality, proximity of stores and demand for premium-quality products.
China automotive aftermarket will witness a CAGR of above 8% through 2027 owing to increasing production of new vehicles as well as upgrading of old vehicles which are still in use.

Premium Report Details

  • Published Date: Sep 2021
  • Pages: 220
  • Tables: 175
  • Charts / Figures: 22
  • Companies covered: 16
  • Countries covered: 9

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