市場調查報告書
商品編碼
1402435
全球汽車售後市場評估:按替換零件、分銷管道、車輛類型、地區、機會、預測(2017-2031)Automotive After Sales Market Assessment, By Replacement Parts, By Distribution Channel, By Vehicle Type, By Region, Opportunities and Forecast, 2017-2031F |
預計2023年全球汽車售後市場規模將達5,012億美元,2031年將達7,133億美元,2024年至2031年複合年增長率為4.51%。
快速電氣化、自動駕駛和共享行動平台的擴展正在推動市場發展。創新的售後市場產品模式和高效的技術預計將迅速增加零件需求。此外,售後改裝的半自動駕駛汽車需要新的汽車零件,從而充當市場驅動力。許多汽車服務提供者和經銷商正在轉向線上平台,允許客戶透過其網站和行動應用程式安排服務、安排車輛維護以及訂購零件和配件。這一趨勢旨在提高便利性並簡化客戶體驗。隨著物聯網技術在汽車中的日益集成,製造商和服務提供者正在提供連網汽車服務,這可能會在預測期內推動市場成長。這些服務可實現遠端診斷、OTA 更新和 24/7 客戶支援。此外,透過線上平台提供的線上服務折扣以及每月和年度服務套餐可能會促進市場成長。
由於技術進步和廉價售後零件等各種驅動因素,該市場正在不斷增長,這些因素正在推動最終用戶轉向汽車售後市場產品。車主對機器進行改裝和主題化的趨勢不斷增長,這導致售後零件的銷售量不斷增加。汽車領域的快速進步,包括新時代引擎、ADAS 和其他安全相關零件都在售後安裝。
售後零件的成本通常低於 OEM,這是市場的主要成長因素。成本的顯著降低使售後零件對注重成本的消費者俱有吸引力。因此,喜歡擁有現代化裝備和服務的復古車的終端用戶會選擇售後頻道來升級車輛。售後零件提供了多種選項來個性化您的車輛,可用於增強性能、改善外觀或合併特殊零件。因此,有多種選擇可以滿足個人喜好和需求。
隨著純電動車和高壓電動車銷量的不斷增長,製造商開始投資電動車售後零件。隨著電動車的出現,售後市場零件中增加了約 40 個新零件。這包括電動馬達、電池管理系統 (BMS)、電源控制單元等。此外,電子商務領域在大多數汽車產業的大規模滲透也延伸到了售後市場領域。汽車售後零件在電子商務領域蓬勃發展。這是零件製造商、銷售公司、維修店之間系統化合作的結果。5G 連結、不斷變化的期望和千禧世代推動了這些線上平台的使用增加。
政府機構及其政策正在推動製造商創建售後市場安全解決方案。這包括防盜系統、盲點偵測系統、鎖和其他零件。除了直接影響外,政府為製造商應對 COVID-19 封鎖和經濟放緩而提供的援助也有助於擴大市場基礎。此外,政府經常制定法規和安全標準,以確保售後零件和服務符合特定的品質和安全標準。這些標準涵蓋從排放控制系統到車輛安全部件的所有內容。政府可以支持向售後市場產業活躍的國家出口售後零件和服務。這種支持包括貿易協定以及對尋求拓展國際市場的公司的支持。政府推出創新措施以促進汽車售後市場。
本報告研究和分析了全球汽車售後市場,提供市場規模和預測、市場動態以及主要參與者的現狀和前景。
Global automotive after sales market is anticipated to grow at a CAGR of 4.51% between 2024 and 2031. The market held a share of USD 501.2 billion in 2023, projected to reach USD 713.3 billion by 2031. The constantly transforming automotive market witnesses a bright future for its aftermarket component. Automotive components like tires, brakes, control units, lights, infotainment systems, and others have their separate after sales market.
Rapid electrification, autonomous driving, and growing shared mobility platforms are gaining traction in the market. The demand for components will likely be spiked through innovative aftermarket product models and efficient technologies. Also, semi-autonomous vehicles with aftermarket modification work as a driving factor for the market as they require new vehicle parts. Many automotive service providers and dealerships are moving towards online platforms, allowing customers to book services, schedule vehicle maintenance, and order parts or accessories through websites and mobile apps. The trend is aimed to enhance convenience and streamline the customer experience. With the increasing integration of IoT technology in vehicles, manufacturers, and service providers offer connected car services, likely to drive the market growth during the forecast period. These services allow remote diagnostics, over-the-air updates, and 24x7 customer support. Also, online service discounts and monthly and yearly service packages offered through online platforms are likely to support the market growth.
The market grows with different driving factors like technological advancements and cheaper aftermarket parts, promoting end-users to go for automotive aftermarket products. The rising trend of vehicle owners getting their machine modified and themed is increasing the sales of aftermarket parts. The rapid advancements in automotives including new-age engine, advanced driver assistance systems (ADAS), and other safety-related components are being installed after sales.
The cost of aftermarket components is often lower than their original equipment manufacturer (OEM) counterparts which works as a major growth driver for the market. Significant cost reduction can make aftermarket parts appealing to cost-conscious consumers. Hence, the end users preferring retro vehicles with modern-age equipment and services choose the after sales channel for their vehicle upgradation. The aftermarket parts offer a broad selection of options for automotive personalization and can be used to enhance performance, improve visual appeal, or incorporate specialized components. As a result, there is a greater variety of options available to meet individual preferences and requirements.
In March 2023, Harman released A2B digital audio processor that employs up to 32 channels of digital audio. The company announced their new JBL machine amplifiers with CLUB speakers and subwoofers. These include flour models including JBL MA600, JBL MA754, and JBL MA5055. The company has offered the classic JBL experience for different grades of vehicles.
Manufacturers are initially investing in the EV aftermarket parts as the sales of BEV and HPEV are accelerating with time. Around 40 new components are added to the fleet of aftermarket parts due to the advent of electric vehicles. These include e-motor, battery management systems (BMS), and power control units. Furthermore, the aggressive penetration of e-commerce spaces in almost all corners of the automotive industry hasn't left the aftermarket space. The automotive after sales parts are flourishing in the e-commerce space. It is an outcome of the systematic collaboration between parts manufacturers, distributors, and workshops. The increased utilization of these online platforms is triggered through 5G connectivity, shifting expectations, and millennials.
In October 2023, X-Cart announced the integration with Turn 14 distribution to streamline the distribution of aftermarket parts in E-commerce stores. The integration is expected to allow both businesses to streamline their order routing and optimize their supply chain processes. The step has been taken to scale the overall automotive aftermarket eCommerce operations.
Government agencies and their policies are pushing manufacturers to produce aftermarket security and safety solutions. It involves anti-theft systems, blind spot detection systems, locks, and other parts. Apart from direct impact, the government aid to producers to tackle COVID-19 lockdown and economic slowdown helped the market expand its roots. Moreover, Governments often establish regulations and safety standards to ensure that aftermarket components and services meet specific quality and safety criteria. These standards can cover everything from emissions control systems to vehicle safety components. Governments may support exports of aftermarket components and services for countries with a strong aftermarket industry. The support can include trade agreements and assistance for businesses looking to expand into international markets. Government launches innovative initiatives to promote the automotive aftermarket.
In September 2023, The Automotive Innovation Center (AIC) and Australian Automotive Aftermarket Association (AAAA) launched a new EV aftermarket initiative together to fulfil the supply chain for electric vehicle aftermarket parts.
The tire segment is anticipated to lead the market based on replacement part type. This is due to the common replacement, customization, and availability of cheaper sport tires. Using seasonal tire replacement in the western part of the world further fuels the market. However, the limited shelf life of tires is another growth factor for the segment. Regular tire maintenance is essential for the safety and performance of a vehicle. Rotating, balancing, and checking inflation are part of the process for keeping tires in good condition. When it is time to replace tires, drivers are more likely to take prompt action to ensure their safety, particularly in regions with distinct seasons. As a result, tires must be replaced on a seasonal basis to ensure optimal performance and safety. Hence, tire companies try to focus on launching new tires for the aftermarket customers.
In February, JK Tyre & Industries Ltd. announced the launch of two new SUV tires for aftermarket customers. While Ranger HPe is launched for electric vehicles and the Ranger X-At tyre, tailormade made for off-roader enthusiast.
Based on distribution channel, the retail segment leads the global automotive after sales market. The growth is attributed to the end-to-end link between the end user and the retailers. Apart from the wholesale availability, manufacturers or producers try to facilitate online and offline retailers to take up the task of optimizing their supply chain. The increased demand for custom parts along with the rising car modification activities in emerging economies are putting this segment on the top.
Enhanced margin and easy logistics make it possible for retailers to operate for aftermarket automotive parts. Furthermore, the higher consumer accessibility, product variety, better gratification, and DIY enthusiasts garner segmental growth. Retail stores are popular among do-it-yourself (DIY) automotive enthusiasts who prefer to perform their vehicle maintenance and repairs. The brands and aftermarket platforms join international business hubs to expand their retail chain operation across the world.
In March 2023, ACMA (Automotive Components Manufacturers Association of India) joined the "Right to Repair" movement for easy vehicle maintenance and higher aftermarket sales. The movement focuses on ten best practices including equal access, telematics, subscription terms, fair market price, real-time access, accountability, transparency, circumvention, and operationalization of aftermarket components.
Asia-Pacific holds a significant share in the global automotive after sales market. The rapid expansion of advanced technology with more manufacturing capacity is impacting the region. Furthermore, the large vehicle population, economic activities, and aging vehicle fleet are pushing end-users to upgrade, maintain, and repair their personal vehicles. The increased traction for shared mobility services in the region is increasing the four-wheeler sales, influencing the automotive aftermarket. The improved production capacity has increased the availability and accessibility of different automotive parts in the region. Local manufacturers take part in exporting different vehicle parts at an affordable price point, attracting retailers across the globe. Players like Cars24 (India), GoMechanic (India), Carro (Singapore), and Tuhu (China) are startups that work towards making repairing and vehicle maintenance easy. Some of these automotive startups are performing extremely well and are collaborating with large automotive players across the world.
In September 2023, the Indonesian automotive service startup Otoklix reported twofold increase in annual growth, targeting to hit their profit target in a year's time. The company's focus is on shortening the gap between the Indonesian vehicle owners and the fragmented general workshop sector.
Reduced vehicle usage, decline in vehicles sales, and disturbed OEM production led the market into disaster. Pandemic changed the consumer's approach and priorities for a longer period. Alongside, lockdowns, restrictions on movement, and factory closures in response to the pandemic led to disruptions in the supply chain. It affected the availability of aftermarket parts, leading to delays and shortages in some cases. OEMs were affected by the disruption, which in turn, impacted the availability of spare parts, as certain aftermarket components depend on OEM manufacturing. The production halts and logistical disruption led to the shortage of raw materials in the market, leading to market decline. During lockdowns and economic downturns, use of many vehicles was reduced or discontinued, which led to a decrease in maintenance and repair needs, impacting the demand for downstream products and services.
Russia-Ukraine war had an adverse impact on automotive sector. It disrupted the flow of raw materials essential for the manufacturing and production flow. It led to price volatility, making it harder for the market to perform in the region. The sanctions on Russia led to reduced supply of the raw material components. Russia is a big exporter of aluminum body panels, aluminum engine blocks, wheels, and cylinder heads. Hence, the region around the war-affected area has suffered due to the unstable price, tariffs, and supply chain disruptions. Moreover, the spiked precious metal prices impact the automotive after sales market.
The automotive after sales market holds opportunities for original manufacturer, certified players, and uncertified players as well. The price range varies from one type of manufacturer to another. Key players try to accumulate quality and certification along with a reputation and track record. The companies try to enhance the quality up to OEM or OE, with long product range. Furthermore, the collaboration with original manufacturers, acquisition, and partnerships are working in favor of brand expansion.
In October 2023, Denso corporation and KOITO manufacturing co. Ltd introduced their partnership to utilize KOITO's expertise in lighting technology with DENSO's image sensor object recognition technology. The partnership will deliver an enhanced nighttime driving experience while improving vehicle safety and security.
In July 2023, Auto supplier Magna International announced their investment plan to expand their production facility. The company is expected to invest USD 790 million to build three new facilities. Two of these facilities will be housed at Ford Motor Co's BlueOval City campus.
In November 2023, an agreement was reached between BorgWarner and a leading global original equipment manufacturer (OEM) to supply BorgWarner's 400V High Voltage Coolant Heater (HVCH). The HVCH is expected to enter production in 2026.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.