Automotive Wholesale and Distribution Aftermarket Market, [By Product (Tire, Battery, Filters, Body Parts, Lighting & Electronic Components, Exhaust Components, Wheels, Others); By Vehicle Type (Passenger Vehicles, Commercial Vehicles); By Region]: Market size & Forecast, 2018 – 2026
New York, NY -- (SBWIRE) -- 10/11/2018 -- The Global Automotive Wholesale And Distribution Aftermarket Market generated USD 178.2 billion in 2017 and is anticipated to grow at a CAGR of 5.8% during the forecast period.
The automotive wholesale and distribution aftermarket offers components and services to car owners from manufacturers other than their car original equipment manufacturers. These parts could replace damaged components or enhance the vehicles' performance and aesthetics. The products offered in the market perform as well as the original components, while being available at lower costs. The autonomous institution name 'Certified Automotive Parts Association', audits, tests and monitors the new wholesale and aftermarket products.
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The demand for automotive wholesale and distribution aftermarket has increased owing to increasing vehicle population, digitalization of automotive repair & maintenance services, and growing awareness regarding proper vehicle maintenance. The growth in global automotive industry and increasing average age of vehicles has resulted in automotive wholesale and distribution aftermarket market growth. The growing need of long distance travel and changing lifestyles further increase the need for periodic repairs and replacements of vehicle parts. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Automotive Wholesale and Distribution Aftermarket Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC and South America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
North America generated the highest revenue in the market in 2017 owing to high disposable income and living standards in the region. Favourable regulations regarding production of automotive wholesale and distribution aftermarket components and technological advancements have resulted in increasing adoption of automotive wholesale and distribution aftermarket market in the region.
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Competitive Landscape and Key Vendors
The global automotive wholesale and distribution aftermarket market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
The leading companies operating in the automotive wholesale and distribution aftermarket include Denso Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, 3M Company, Delphi Automotive PLC, Magneti Marelli S.p.A, Goodyear Tire & Rubber Company, Cooper Tire & Rubber Company, and Federal-Mogul Corporation.
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- Body Parts
- Lighting & Electronic Components
- Exhaust Components
- Passenger Vehicles
- Commercial Vehicles
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