Market Overview:
The global passenger car spare parts aftermarket is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The market growth can be attributed to the increasing demand for passenger cars across the globe. The global passenger car spare parts aftermarket can be segmented on the basis of type, application and region. On the basis of type, the market can be segmented into body parts, lighting & electronic, interior components, powertrain and chassis parts, battery and other components. Among these segments, body parts are expected to account for a major share in terms of revenue in 2018. This is owing to their high replacement demand as compared to other types of spare parts. Lighting & electronic components are also anticipated witness significant growth during the forecast period due from increasing adoption rates for LED lights among automakers globally. On the basis of application type; sedan vehicles are expected dominate throughoutthe forecast period with respect to revenue share followed by SUV’sand MPV’s respectively .
Product Definition:
Passenger Car Spare Parts Aftermarket is an industry term for the sale of replacement parts and accessories for automobiles to consumers and businesses outside of the automaker's authorized dealer network. The term aftermarket typically refers to those sales channels that are not part of the automaker's original equipment manufacturer (OEM) distribution system. Passenger car spare parts aftermarket is important because it allows consumers to purchase replacement parts and accessories at a lower price than what would be available through the OEM dealership network. It also allows businesses, such as repair shops, to purchase replacement parts and accessories at a lower price than what would be available from the OEMs.
Body Parts:
Body parts are the mechanical and structural components that make up a vehicle. They comprise of power trains, chassis, body structure (including frame and panels), electrical systems, drive shafts, axles & wheels among others.
Lighting & Electronic:
The global aftermarket for lighting and electronic parts in the passenger car spare parts market is expected to witness significant growth over the forecast period. The growth can be attributed to factors such as increasing demand for automotive electronics, growing awareness among consumers regarding vehicle maintenance, and surge in sales of luxury vehicles.
Application Insights:
The passenger car aftermarket can be segmented based on application as a sedan, SUV, MPV and others. The sedan segment led the market and accounted for more than 45% of the global revenue in 2017. This is attributed to growing demand from emerging economies such as India, China and Brazil for this vehicle type. Moreover, government initiatives such as ¢â‚¬Å“Housing For All¢â‚¬ are expected to boost sales of sedans in developed countries over the forecast period.
The SUV segment is anticipated to witness significant growth over the forecast period owing to increasing demand from developing countries such as China.
Regional Analysis:
Asia Pacific dominated the global passenger car spare parts aftermarket with a share of 42.0% in 2017. This is attributed to the high demand for automobiles and rising per capita income in countries such as China, India, and Indonesia. Moreover, increasing vehicle production by companies such as Toyota Motor Corporation; Honda Motor Co., Ltd.; Nissan Motors Ltd.; Mazda Motor Corp.; Mitsubishi Electric Corporation; SuzukiMotor Corp., etc. is expected to drive the market growth over the forecast period.
The European region accounted for second-largest revenue share in 2017 owing to an increase in automobile sales coupled with growing R&D activities by major automotive manufacturers pertaining to electric vehicles (EVs).
North America region witnessed significant growth from 2016 to 2017 owing both volume.
Growth Factors:
- Increasing demand for passenger cars: The global demand for passenger cars is expected to grow at a CAGR of around 4% during the forecast period. This will create opportunities for the spare parts aftermarket players.
- Technological advancements in automotive industry: The advancement in automotive technologies, such as electric and autonomous vehicles, is expected to create new opportunities for the spare parts aftermarket players.
- Growing vehicle parc: The global vehicle parc is projected to grow at a CAGR of around 2% during the forecast period, which will result in an increase in demand for spare parts and components.
- Rising disposable income: A rise in disposable income across developing countries is anticipated to boost the growth of the passenger car market, thereby resulting in an increase in demand for spare parts and components over the next few years. 5) Regulatory reforms supporting green vehicles: Governments across various countries are promoting electric and hybrid vehicles through regulatory reforms that mandate use of these vehicles by certain percentage of total registered fleet every year
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Car Spare Parts Aftermarket Market Research Report
By Type
Body Parts, Lighting & Electronic, Interior Components, Powertrain and Chassis Parts, Battery, Other
By Application
Sedan, SUV, MPV
By Companies
Bosch, Continental, Mahler, Tenneco, ZF, Alpine Electronics, Pioneer Corporation, DENSO, Hella, KYB, SMP, SKF, Delphi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Car Spare Parts Aftermarket Market Report Segments:
The global Passenger Car Spare Parts Aftermarket market is segmented on the basis of:
Types
Body Parts, Lighting & Electronic, Interior Components, Powertrain and Chassis Parts, Battery, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Sedan, SUV, MPV
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bosch
- Continental
- Mahler
- Tenneco
- ZF
- Alpine Electronics
- Pioneer Corporation
- DENSO
- Hella
- KYB
- SMP
- SKF
- Delphi
Highlights of The Passenger Car Spare Parts Aftermarket Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Body Parts
- Lighting & Electronic
- Interior Components
- Powertrain and Chassis Parts
- Battery
- Other
- By Application:
- Sedan
- SUV
- MPV
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Passenger Car Spare Parts Aftermarket Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Passenger car spare parts aftermarket is the market for replacement or supplemental parts for passenger cars. Parts can be bought individually, in sets, or as a complete assembly.
Some of the major companies in the passenger car spare parts aftermarket market are Bosch, Continental, Mahler, Tenneco, ZF, Alpine Electronics, Pioneer Corporation, DENSO, Hella, KYB, SMP, SKF, Delphi.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Car Spare Parts Aftermarket Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Passenger Car Spare Parts Aftermarket Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Car Spare Parts Aftermarket Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Passenger Car Spare Parts Aftermarket Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Passenger Car Spare Parts Aftermarket Market Size & Forecast, 2018-2028
4.5.1 Passenger Car Spare Parts Aftermarket Market Size and Y-o-Y Growth
4.5.2 Passenger Car Spare Parts Aftermarket Market Absolute $ Opportunity
Chapter 5 Global Passenger Car Spare Parts Aftermarket Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Passenger Car Spare Parts Aftermarket Market Size Forecast by Type
5.2.1 Body Parts
5.2.2 Lighting & Electronic
5.2.3 Interior Components
5.2.4 Powertrain and Chassis Parts
5.2.5 Battery
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Car Spare Parts Aftermarket Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Passenger Car Spare Parts Aftermarket Market Size Forecast by Applications
6.2.1 Sedan
6.2.2 SUV
6.2.3 MPV
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Car Spare Parts Aftermarket Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Passenger Car Spare Parts Aftermarket Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Passenger Car Spare Parts Aftermarket Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Car Spare Parts Aftermarket Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Passenger Car Spare Parts Aftermarket Market Size Forecast by Type
9.6.1 Body Parts
9.6.2 Lighting & Electronic
9.6.3 Interior Components
9.6.4 Powertrain and Chassis Parts
9.6.5 Battery
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Passenger Car Spare Parts Aftermarket Market Size Forecast by Applications
9.10.1 Sedan
9.10.2 SUV
9.10.3 MPV
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Passenger Car Spare Parts Aftermarket Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Car Spare Parts Aftermarket Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Passenger Car Spare Parts Aftermarket Market Size Forecast by Type
10.6.1 Body Parts
10.6.2 Lighting & Electronic
10.6.3 Interior Components
10.6.4 Powertrain and Chassis Parts
10.6.5 Battery
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Passenger Car Spare Parts Aftermarket Market Size Forecast by Applications
10.10.1 Sedan
10.10.2 SUV
10.10.3 MPV
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Passenger Car Spare Parts Aftermarket Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Car Spare Parts Aftermarket Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Passenger Car Spare Parts Aftermarket Market Size Forecast by Type
11.6.1 Body Parts
11.6.2 Lighting & Electronic
11.6.3 Interior Components
11.6.4 Powertrain and Chassis Parts
11.6.5 Battery
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Passenger Car Spare Parts Aftermarket Market Size Forecast by Applications
11.10.1 Sedan
11.10.2 SUV
11.10.3 MPV
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Passenger Car Spare Parts Aftermarket Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Car Spare Parts Aftermarket Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Passenger Car Spare Parts Aftermarket Market Size Forecast by Type
12.6.1 Body Parts
12.6.2 Lighting & Electronic
12.6.3 Interior Components
12.6.4 Powertrain and Chassis Parts
12.6.5 Battery
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Passenger Car Spare Parts Aftermarket Market Size Forecast by Applications
12.10.1 Sedan
12.10.2 SUV
12.10.3 MPV
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Passenger Car Spare Parts Aftermarket Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Car Spare Parts Aftermarket Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Passenger Car Spare Parts Aftermarket Market Size Forecast by Type
13.6.1 Body Parts
13.6.2 Lighting & Electronic
13.6.3 Interior Components
13.6.4 Powertrain and Chassis Parts
13.6.5 Battery
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Passenger Car Spare Parts Aftermarket Market Size Forecast by Applications
13.10.1 Sedan
13.10.2 SUV
13.10.3 MPV
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Passenger Car Spare Parts Aftermarket Market: Competitive Dashboard
14.2 Global Passenger Car Spare Parts Aftermarket Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bosch
14.3.2 Continental
14.3.3 Mahler
14.3.4 Tenneco
14.3.5 ZF
14.3.6 Alpine Electronics
14.3.7 Pioneer Corporation
14.3.8 DENSO
14.3.9 Hella
14.3.10 KYB
14.3.11 SMP
14.3.12 SKF
14.3.13 Delphi
