Home > Automotive > Aftermarket > Aftermarket Parts > Automotive Aftermarket
Market Size
- Report ID: GMI1166
- Published Date: Mar 2022
- Report Format: PDF
Automotive AfterMarket Size
Automotive Aftermarket industry size exceeded USD 560 billion in 2021 and will exhibit a growth rate of over 6.4% CAGR from 2022 to 2028. Factors including crash repair and wear & tear are supporting the aftermarket component demand. Increasing customer expectations, ongoing technological innovations, and rising competition across the automotive sector are the major factors fueling the industry expansion.
Increasing competition in the automotive industry is enhancing the development of online forums for automotive parts. Manufacturers are expected to offer easy shipping options, flexibility, and seamless online information to boost the sale of their products. Consumers are likely to compare products & prices before making a purchase. The increase in convenience combined with the low cost of shipping are further augmenting the sale of automotive products throughout the assessment period. Additionally, the surge in demand for cars from emerging economies along with rapid growth of international manufacturers penetration in Asian countries, particularly China, and India, shall further supported the product demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Automotive Aftermarket Size in 2021: | USD 560,053.1 million |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 6.4% |
| 2028 Value Projection: | USD 857,288.9 million |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 345 |
| Tables, Charts & Figures: | 293 |
| Segments covered: | Product, Sales Outlet, Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Automotive Aftermarket Scope
