Market Overview:
The global passenger cars aftermarket service market 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% during the forecast period. The market growth can be attributed to the increasing demand for passenger cars across the globe. The global passenger cars aftermarket service market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into cleaning, general repair and overhaul. General repair dominates the global passenger cars aftermarket service market with a share of more than 50%. This can be attributed to rising demand for general repairs such as oil change, brake replacement and others from consumers across different regions. On the basis of application, Passenger Cars dominates with a share more than 60%.
Product Definition:
Passenger Cars Aftermarket Service is the provision of services to the owners and operators of passenger cars, usually independent of the original equipment manufacturer. The importance of Passenger Cars Aftermarket Service is that it allows for increased competition in the automotive market, which can lead to lower prices and better products for consumers.
Cleaning:
Cleaning is the process of restoring a vehicle's interior and exterior to its pre-owned condition. It includes shampooing, polishing, and cleaning stains from carpets & upholstery. The purpose of this service is to return the automobile in its original state without any changes or additions. This includes vehicles that are used for personal purposes as well as those used commercially; hence it can be performed by either commercial or private operators.
General Repair:
General repair and it's usage in passenger cars aftermarket service is used to fix all types of damages that may have been caused due to mechanical issues. It includes replacement of parts, accessories, and systems that are damaged or broken down. The service also covers diagnostics from the vehicle’s software as well as hardware components. General repair services include oil changes, tire replacements & repairs, battery recharging/upgradation etc.
The global general repair.
Application Insights:
Passenger cars accounted for the largest share in 2015 and are projected to expand at a CAGR of XX% over the forecast period. The growing importance of passenger cars owing to increasing disposable income levels among consumers, especially in emerging economies has been contributing significantly to segment growth.
The van segment is expected witness significant growth over the forecast period on account of its wide application scope including logistics, construction, furniture moving as well as household goods transportation across various regions worldwide. General repair services are also widely used for repairing damages caused by accidents or due to wear & tear during normal usage such as broken windows or damaged paint job on vehicles¢â‚¬â„¢ exterior surfaces. Overhauls are carried out every 5 years based on vehicle model and type according to manufacturer recommendations which includes replacement of tires, brake pads/rotors etc.
Regional Analysis:
The Asia Pacific passenger cars aftermarket service market is expected to witness significant growth over the forecast period owing to increasing vehicle production in countries, such as India, China and Japan. The rising population coupled with growing consumer disposable income levels will drive the demand for passenger cars in this region.
Europe was estimated to be the largest market for passenger car aftermarket services and accounted for more than 30% of global revenue share in 2017. The presence of major automobile manufacturers including Volkswagen Group; BMW AG; Mercedes-Benz AG Daimler AG; Fiat Chrysler Automobiles N.V.; Ford Motor Company; and others are likely to boost industry growth over the next eight years.
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 aftermarket service providers in the market.
- Technological advancements: The automotive industry is witnessing rapid technological advancements, which are resulting in new and innovative products being launched in the market. This is providing opportunities for the aftermarket service providers to expand their business by offering services related to these new technologies.
- Rising income levels and changing consumer preferences: There has been a shift in consumer preferences towards luxury and premium cars, which are equipped with advanced features and technologies. This is providing opportunities for aftermarket service providers to offer services related to these high-end vehicles, thereby expanding their customer base.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passenger Cars Aftermarket Service Market Research Report
By Type
Cleaning, General Repair, Overhaul
By Application
Passenger Cars, Van, Sports Utility Vehicle (SUV), Pickup Truck
By Companies
Dynatrade, Allison Transmission, Schaeffler Technologies, Continental AG, ZF Friedrichshafen AG, Lee Myles Autocare & Transmission, Cottman Transmission and Total Auto Care, Borgwarner, ICRON TECHNOLOGIES, Ruag, Performance Consulting Associates, PSMI Corporation, ST Engineeribng, NM and E Co., Ltd., Vital Technical, TMD Mobility
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Passenger Cars Aftermarket Service Market Report Segments:
The global Passenger Cars Aftermarket Service market is segmented on the basis of:
Types
Cleaning, General Repair, Overhaul
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
Passenger Cars, Van, Sports Utility Vehicle (SUV), Pickup Truck
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:
- Dynatrade
- Allison Transmission
- Schaeffler Technologies
- Continental AG
- ZF Friedrichshafen AG
- Lee Myles Autocare & Transmission
- Cottman Transmission and Total Auto Care
- Borgwarner
- ICRON TECHNOLOGIES
- Ruag
- Performance Consulting Associates
- PSMI Corporation
- ST Engineeribng
- NM and E Co., Ltd.
- Vital Technical
- TMD Mobility
Highlights of The Passenger Cars Aftermarket Service 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:
- Cleaning
- General Repair
- Overhaul
- By Application:
- Passenger Cars
- Van
- Sports Utility Vehicle (SUV)
- Pickup Truck
- 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 Cars Aftermarket Service 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
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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 cars aftermarket service is a type of automotive service that provides maintenance, repair, and replacement parts for passenger car models. Aftermarket services may also include modifications to the vehicle's performance or appearance.
Some of the major players in the passenger cars aftermarket service market are Dynatrade, Allison Transmission, Schaeffler Technologies, Continental AG, ZF Friedrichshafen AG, Lee Myles Autocare & Transmission, Cottman Transmission and Total Auto Care, Borgwarner, ICRON TECHNOLOGIES, Ruag, Performance Consulting Associates, PSMI Corporation, ST Engineeribng, NM and E Co., Ltd., Vital Technical, TMD Mobility.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passenger Cars Aftermarket Service 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 Cars Aftermarket Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passenger Cars Aftermarket Service 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 Cars Aftermarket Service 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 Cars Aftermarket Service Market Size & Forecast, 2018-2028
4.5.1 Passenger Cars Aftermarket Service Market Size and Y-o-Y Growth
4.5.2 Passenger Cars Aftermarket Service Market Absolute $ Opportunity
Chapter 5 Global Passenger Cars Aftermarket Service 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 Cars Aftermarket Service Market Size Forecast by Type
5.2.1 Cleaning
5.2.2 General Repair
5.2.3 Overhaul
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Passenger Cars Aftermarket Service 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 Cars Aftermarket Service Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Van
6.2.3 Sports Utility Vehicle (SUV)
6.2.4 Pickup Truck
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passenger Cars Aftermarket Service 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 Cars Aftermarket Service 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 Cars Aftermarket Service Analysis and Forecast
9.1 Introduction
9.2 North America Passenger Cars Aftermarket Service 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 Cars Aftermarket Service Market Size Forecast by Type
9.6.1 Cleaning
9.6.2 General Repair
9.6.3 Overhaul
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 Cars Aftermarket Service Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Van
9.10.3 Sports Utility Vehicle (SUV)
9.10.4 Pickup Truck
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 Cars Aftermarket Service Analysis and Forecast
10.1 Introduction
10.2 Europe Passenger Cars Aftermarket Service 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 Cars Aftermarket Service Market Size Forecast by Type
10.6.1 Cleaning
10.6.2 General Repair
10.6.3 Overhaul
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 Cars Aftermarket Service Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Van
10.10.3 Sports Utility Vehicle (SUV)
10.10.4 Pickup Truck
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 Cars Aftermarket Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Passenger Cars Aftermarket Service 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 Cars Aftermarket Service Market Size Forecast by Type
11.6.1 Cleaning
11.6.2 General Repair
11.6.3 Overhaul
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 Cars Aftermarket Service Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Van
11.10.3 Sports Utility Vehicle (SUV)
11.10.4 Pickup Truck
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 Cars Aftermarket Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Passenger Cars Aftermarket Service 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 Cars Aftermarket Service Market Size Forecast by Type
12.6.1 Cleaning
12.6.2 General Repair
12.6.3 Overhaul
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 Cars Aftermarket Service Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Van
12.10.3 Sports Utility Vehicle (SUV)
12.10.4 Pickup Truck
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 Cars Aftermarket Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Passenger Cars Aftermarket Service 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 Cars Aftermarket Service Market Size Forecast by Type
13.6.1 Cleaning
13.6.2 General Repair
13.6.3 Overhaul
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 Cars Aftermarket Service Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Van
13.10.3 Sports Utility Vehicle (SUV)
13.10.4 Pickup Truck
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 Cars Aftermarket Service Market: Competitive Dashboard
14.2 Global Passenger Cars Aftermarket Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dynatrade
14.3.2 Allison Transmission
14.3.3 Schaeffler Technologies
14.3.4 Continental AG
14.3.5 ZF Friedrichshafen AG
14.3.6 Lee Myles Autocare & Transmission
14.3.7 Cottman Transmission and Total Auto Care
14.3.8 Borgwarner
14.3.9 ICRON TECHNOLOGIES
14.3.10 Ruag
14.3.11 Performance Consulting Associates
14.3.12 PSMI Corporation
14.3.13 ST Engineeribng
14.3.14 NM and E Co., Ltd.
14.3.15 Vital Technical
14.3.16 TMD Mobility
