Asia Pacific Automotive AfterMarket Size & Share 2022 to 2028

Market Size by Product (Replacement Parts, Accessories), by Sales Outlet (Professional [Quick Lubes, Garages & Service Stations, Automobile Dealerships, Government, Commercial Fleets], DIY, OEM Factory Fill) & Forecast.
Report ID: GMI3076
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Published Date: February 2022
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Report Format: PDF

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Asia Pacific Automotive AfterMarket Size

Asia Pacific Automotive Aftermarket size crossed USD 127 billion in 2021 and is estimated to exhibit a CAGR of over 7.1% from 2022 to 2028. The growing demand for planned servicing and maintenance to extend the life of an older vehicle is propelling the regional industry growth.
 

Asia Pacific Automotive Aftermarket  

The increased involvement of original equipment manufacturers in aftermarket activities combined with the consolidation of parts distributors is pointing to a bright future for this business. Vehicle sales are witnessing a boost due to the growing middle-class population and rising spending power, which present growth prospects for aftermarket parts manufacturers and supply chain providers. Revenue will observe a further growth on account of aging vehicle fleets and rising demand for replacement parts. Growing automotive production and utilization in India, China, Japan, South Korea, Australia & Southeast Asia will further aid market demand.
 

 

Shifting customer preferences to replace outdated vehicles with new technologies are likely to open new market avenues. Entertainment systems, ADAS, and vehicle telematics are gaining popularity among the younger population. The emergence of online portals for vehicle components coupled with the digitization of aftermarket sales and services is anticipated to increase market concentration in the region.
 

Asia Pacific Automotive Aftermarket Analysis

Asia Pacific Automotive Aftermarket, By Product

The replacement parts dominate the Asia Pacific automotive aftermarket and is predicted to generate around USD 170 billion revenue by 2028. Increased maintenance requirements owing to vehicle aging and poor driving conditions will raise aftermarket parts demand. The rising penetration of parts manufacturers, low cost of production, and increasing accidents will further open opportunities for aftermarket parts & services. Industry shift toward the reduction of overall vehicle weight and improving fuel efficiency, followed by consumer demand for vehicle customization is supporting market penetration.
 

Professional sales outlets are poised to account for more than 60% of the revenue share by 2028. Product expertise, increasing demand for premium quality products, proximity to stores, and service quality are further increasing the demand for aftermarket sales and services from these outlets.
 

During the projection period, the professional sales outlets sector from quick lubes is set to expand at a high rate. Quick lubes dominated the overall sales in the professional sales outlet segment. Convenient locations, coupons & deals, and the speed with which services are provided are the growth factors of this sector.
 

Asia Pacific Automotive Aftermarket, By Country

China automotive aftermarket is slated to register 8.5% gains through 2028 fueled by increasing manufacturing of new automobiles, and modification & upgrade of the existing vehicles. Advancements in technology and innovation in the automotive industry are likely to open up new prospects for China's aftermarket companies.
 

Due to increasing customer preferences toward energy-efficient vehicles, rising sales of hybrid, gas & electric vehicles are projected to foster automotive demand; hence, sustaining aftermarket requirements. The industry growth is also propelled by the adoption of various customization and digitization in automobiles, followed by the use of Bluetooth devices and a variety of other accessories.
 

The growing adoption of advanced technologies in auto part manufacturing, increasing automotive production, and the digitization of automotive component delivery services are spurring automotive sales in India. The Indian automotive market continues to evolve with regular product upgrades and new product debuts, followed by amazing technological advancements in automobiles. While domestic manufacturing has historically fulfilled the majority of the domestic demand, product localization is driving access to and the cost of these new-age technology-rich automobiles.
 

Asia Pacific Automotive AfterMarket Share

The Asia Pacific automotive aftermarket industry is competitive in nature. The leading companies are doing merger & acquisitions, new product development, technological upgradation, research & development, and partnership strategies in order to expand their network and cater growing industry requirements.
 

Key market players are:

  • Denso Corporation
  • Akebono Brake Corporation
  • Delphi Automotive PLC
  • Robert Bosch GmbH
  • Hyundai Mobis Co
  • Aisin Seiki
  • 3M
  • ACDelco
  • Toyota Motor Corporation
  • Lear Corporation 
  • ZF Friedrichshafen AG
  • Tenneco
  • Shandong Zhengnuo Group Co Ltd
  • ASIMCO Technologies Ltd 
  • Johnson Control International Plc.
     

The Asia Pacific automotive aftermarket research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2028 for the following segments:

Industry, 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, 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

The above information is provided on a country basis for the following:

Asia Pacific

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

 

Authors: Kiran Pulidindi, Akshay Prakash
Asia Pacific Automotive AfterMarket Scope
  • Asia Pacific Automotive AfterMarket Size
  • Asia Pacific Automotive AfterMarket Trends
  • Asia Pacific Automotive AfterMarket Analysis
  • Asia Pacific Automotive AfterMarket Share

Report Content

Chapter 1   Methodology & Scope

1.1    Market Definitions

1.2    Base estimates & working

1.2.1    APAC

1.3    Forecast calculations

1.3.1    COVID-19 impact on industry forecast

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1    Paid Sources

1.4.2.2    Public Sources

Chapter 2   Executive Summary

2.1    Asia Pacific automotive aftermarket industry 3600 synopsis, 2018 – 2028

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Sales outlet trends

2.1.4    Country trends

Chapter 3   Asia Pacific Automotive Aftermarket Industry Insights

3.1    Industry segmentation

3.2    Industry ecosystem analysis

3.2.1    Part manufacturers

3.2.2    Profit margin trends

3.2.3    Distribution channel analysis

3.2.4    Value chain disruptions due to COVID-19

3.2.5    Vendor matrix

3.3    E-commerce automotive aftermarket overview

3.3.1    E-commerce penetration in Asia Pacific automotive aftermarket, 2020

3.4    Automotive industry overview

3.4.1    Major automotive trends

3.4.2    Vehicle parc (on road) statistics

3.5    Industry best practices & key buying criteria

3.5.1    Need recognition

3.5.2    Information search

3.5.3    Purchase decision

3.5.4    Post-purchase behavior

3.6    COVID-19 influence on the automotive industry

3.7    Technology landscape

3.7.1    Paintless dent removal

3.7.1    Electronic Diagnosis

3.8    Regulatory landscape

3.8.1    Australia

3.8.1.1    Motor Vehicle Standards Regulations 1989

3.8.2    China

3.8.2.1    New regulatory framework on auto distribution and aftermarket

3.8.3    India

3.8.4    Japan

3.8.4.1    Japan Automotive Products Association (JAPA)

3.9    Industry impact forces

3.9.1    Growth drivers

3.9.1.1    Growing demand for vehicle upgrades along with digitization of distribution channels

3.9.1.2    Increasing vehicle sales of new and preowned vehicles

3.9.2    Industry pitfalls and challenges

3.9.2.1    Adoption of vehicle safety technologies and rising electric vehicle sales

3.10    Innovation & sustainability

3.10.1    Augmented reality

3.11    Growth potential analysis, 2021

3.12    Porter’s analysis

3.13    Competitive landscape, 2021

3.13.1    Top players analysis, 2021

3.13.2    Key stakeholders

3.13.3    Strategy dashboard

3.14    PESTLE analysis

Chapter 4   Asia Pacific Automotive Aftermarket, By Product

4.1    Asia Pacific automotive aftermarket share, by product, 2021 & 2028

4.2    Replacement parts

4.2.3    Belt

4.2.3.1    Market estimates & forecast, 2018 – 2028

4.2.3.2    Market estimates & forecast, by country, 2018 – 2028

4.2.4    Breaks

4.2.4.1    Market estimates & forecast, 2018 – 2028

4.2.4.2    Market estimates & forecast, by country, 2018 – 2028

4.2.5    Clutch

4.2.5.1    Market estimates & forecast, 2018 – 2028

4.2.5.2    Market estimates & forecast, by country, 2018 – 2028

4.2.6    Electrical parts

4.2.6.1    Market estimates & forecast, 2018 – 2028

4.2.6.2    Market estimates & forecast, by country, 2018 – 2028

4.2.7    Lighting

4.2.7.1    Market estimates & forecast, 2018 – 2028

4.2.7.2    Market estimates & forecast, by country, 2018 – 2028

4.2.8    Engine & AC parts

4.2.8.1    Market estimates & forecast, 2018 – 2028

4.2.8.2    Market estimates & forecast, by country, 2018 – 2028

4.2.9    Exhaust

4.2.9.1    Market estimates & forecast, 2018 – 2028

4.2.9.2    Market estimates & forecast, by country, 2018 – 2028

4.2.10    Filters

4.2.10.1    Market estimates & forecast, 2018 – 2028

4.2.10.2    Market estimates & forecast, by country, 2018 – 2028

4.2.11    Suspensions

4.2.11.1    Market estimates & forecast, 2018 – 2028

4.2.11.2    Market estimates & forecast, by country, 2018 – 2028

4.2.12    Transmission

4.2.12.1    Market estimates & forecast, 2018 – 2028

4.2.12.2    Market estimates & forecast, by country, 2018 – 2028

4.2.13    Wiper parts

4.2.13.1    Market estimates & forecast, 2018 – 2028

4.2.13.2    Market estimates & forecast, by country, 2018 – 2028

4.2.14    Other replacement parts

4.2.14.1    Market estimates & forecast, 2018 – 2028

4.2.14.2    Market estimates & forecast, by country, 2018 – 2028

4.3    Accessories

4.3.3    Car exteriors

4.3.3.1    Market estimates & forecast, 2018 – 2028

4.3.3.2    Market estimates & forecast, by country, 2018 – 2028

4.3.4    Car interior

4.3.4.1    Market estimates & forecast, 2018 – 2028

4.3.4.2    Market estimates & forecast, by country, 2018 – 2028

Chapter 5   Asia Pacific Automotive Aftermarket, By Sales Outlet

5.1    Asia Pacific automotive aftermarket share, by sales outlet, 2021 & 2028

5.2    Professional

5.2.3    Quick lubes

5.2.3.1    Market estimates & forecast, 2018 – 2028

5.2.3.2    Market estimates & forecast, by country, 2018 – 2028

5.2.4    Garages & service stations

5.2.4.1    Market estimates & forecast, 2018 – 2028

5.2.4.2    Market estimates & forecast, by country, 2018 – 2028

5.2.5    Automobile dealerships

5.2.5.1    Market estimates & forecast, 2018 – 2028

5.2.5.2    Market estimates & forecast, by country, 2018 – 2028

5.2.6    Government

5.2.6.1    Market estimates & forecast, 2018 – 2028

5.2.6.2    Market estimates & forecast, by country, 2018 – 2028

5.2.7    Commercial fleets & other professional outlets

5.2.7.1    Market estimates & forecast, 2018 – 2028

5.2.7.2    Market estimates & forecast, by country, 2018 – 2028

5.3    DIY

5.3.3    Discount department stores

5.3.3.1    Market estimates & forecast, 2018 – 2028

5.3.3.2    Market estimates & forecast, by country, 2018 – 2028

5.3.4    Auto parts stores

5.3.4.1    Market estimates & forecast, 2018 – 2028

5.3.4.2    Market estimates & forecast, by country, 2018 – 2028

5.4    OEM factory fill

Chapter 6   Asia Pacific Automotive Aftermarket, By Country

6.1    Asia Pacific automotive aftermarket share, by country, 2021 & 2028

6.2    China

6.2.1    Market estimates & forecast, 2018 – 2028

6.2.2    Market estimates & forecast, by product, 2018 – 2028

6.2.3    Market estimates & forecast, by sales outlet, 2018 – 2028

6.3    India

6.3.1    Market estimates & forecast, 2018 – 2028

6.3.2    Market estimates & forecast, by product, 2018 – 2028

6.3.3    Market estimates & forecast, by sales outlet, 2018 – 2028

6.4    South Korea

6.4.1    Market estimates & forecast, 2018 – 2028

6.4.2    Market estimates & forecast, by product, 2018 – 2028

6.4.3    Market estimates & forecast, by sales outlet, 2018 – 2028

6.5    Japan

6.5.1    Market estimates & forecast, 2018 – 2028

6.5.2    Market estimates & forecast, by product, 2018 – 2028

6.5.3    Market estimates & forecast, by sales outlet, 2018 – 2028

6.6    Indonesia

6.6.1    Market estimates & forecast, 2018 – 2028

6.6.2    Market estimates & forecast, by product, 2018 – 2028

6.6.3    Market estimates & forecast, by sales outlet, 2018 – 2028

6.7    Thailand

6.7.1    Market estimates & forecast, 2018 – 2028

6.7.2    Market estimates & forecast, by product, 2018 – 2028

6.7.3    Market estimates & forecast, by sales outlet, 2018 – 2028

6.8    Malaysia

6.8.1    Market estimates & forecast, 2018 – 2028

6.8.2    Market estimates & forecast, by product, 2018 – 2028

6.8.3    Market estimates & forecast, by sales outlet, 2018 – 2028

6.9    Vietnam

6.9.1    Market estimates & forecast, 2018 – 2028

6.9.2    Market estimates & forecast, by product, 2018 – 2028

6.9.3    Market estimates & forecast, by sales outlet, 2018 – 2028

6.10    Australia

6.10.1    Market estimates & forecast, 2018 – 2028

6.10.2    Market estimates & forecast, by product, 2018 – 2028

6.10.3    Market estimates & forecast, by sales outlet, 2018 – 2028

6.11    Rest of Asia Pacific

6.11.1    Market estimates & forecast, 2018 – 2028

6.11.2    Market estimates & forecast, by product, 2018 – 2028

6.11.3    Market estimates & forecast, by sales outlet, 2018 – 2028

Chapter 7   Company Profiles

7.1    Robert Bosch GmbH

7.1.1    Business Overview

7.1.2    Financial Data

7.1.3    Product Landscape

7.1.4    Strategic Outlook

7.1.5    SWOT Analysis

7.2    AcDelco

7.2.1    Business Overview

7.2.2    Financial Data

7.2.3    Product Landscape

7.2.4    Strategic Outlook

7.2.5    SWOT Analysis

7.3    Hyundai Mobis Co., Ltd.

7.3.1    Business Overview

7.3.2    Financial Data

7.3.3    Product Landscape

7.3.4    Strategic Outlook

7.3.5    SWOT Analysis

7.4    Toyota Motor Corporation

7.4.1    Business Overview

7.4.2    Financial Data

7.4.3    Product Landscape

7.4.4    Strategic Outlook

7.4.5    SWOT Analysis

7.5    Delphi Technologies

7.5.1    Business Overview

7.5.2    Financial Data

7.5.3    Product Landscape

7.5.4    Strategic Outlook

7.5.5    SWOT Analysis

7.6    Denso Corporation

7.6.1    Business Overview

7.6.2    Financial Data

7.6.3    Product Landscape

7.6.4    Strategic Outlook

7.6.5    SWOT Analysis

7.7    ZF Friedrichshafen AG

7.7.1    Business Overview

7.7.2    Financial Data

7.7.3    Product Landscape

7.7.4    Strategic Outlook

7.7.5    SWOT Analysis

7.8    Aisin Seiki Co., Ltd.

7.8.1    Business Overview

7.8.2    Financial Data

7.8.3    Product Landscape

7.8.4    Strategic Outlook

7.8.5    SWOT Analysis

7.9    Tenneco

7.9.1    Business Overview

7.9.2    Financial Data

7.9.3    Product Landscape

7.9.4    Strategic Outlook

7.9.5    SWOT Analysis

7.10    Shandong Zhengnuo Group Co., Ltd.

7.10.1    Business Overview

7.10.2    Financial Data

7.10.3    Product Landscape

7.10.4    SWOT Analysis

7.11    ASIMCO Technologies Ltd.

7.11.1    Business Overview

7.11.2    Financial Data

7.11.3    Product Landscape

7.11.4    Strategic Outlook

7.11.5    SWOT Analysis

7.12    Akebono Brake Corporation

7.12.1    Business Overview

7.12.2    Financial Data

7.12.3    Product Landscape

7.12.4    Strategic Outlook

7.12.5    SWOT Analysis

7.13    3M Company

7.13.1    Business Overview

7.13.2    Financial Data

7.13.3    Product Landscape

7.13.4    Strategic Outlook

7.13.5    SWOT Analysis

7.14    Lear Corporation

7.14.1    Business Overview

7.14.2    Financial Data

7.14.3    Product Landscape

7.14.4    Strategic Outlook

7.14.5    SWOT Analysis

7.15    Johnson Control International Plc

7.15.1    Business Overview

7.15.2    Financial Data

7.15.3    Product Landscape

7.15.4    Strategic Outlook

7.15.5    SWOT Analysis

Don't see your key competitors?

The companies listed in this report are a curated selection - not the full competitive universe.

Our market revenue calculations use a bottom-up methodology that accounts for all players across all regions - including manufacturers, distributors, and specialists not individually profiled. The profiles section spotlights strategically significant players; it does not define the scope of our market sizing.

Your competitive landscape may also include

Regional or domestic-only leaders not in the global top tier
Distributors and channel partners who control market access
Emerging disruptors, startups, or adjacent-industry entrants
Niche players focused on a specific application or end-use

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Authors: Kiran Pulidindi, Akshay Prakash

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Premium Report Details

Base Year: 2021

Companies Profiled: 15

Tables and Figures: 197

Countries covered: 9

Pages: 150

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