Market Overview:
The global luxury automotive aftermarkets 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 luxury cars across the globe and rising disposable income of consumers. The global luxury automotive aftermarkets market has been segmented on the basis of type, application, and region. On the basis of type, it has been further segmented into wear and tear parts, crash relevant parts, diagnostic parts, accessories, other components/parts), and Luxury Automotive Aftermarket (LAAM). On the basis of application it has been further classified into passenger vehicles (PVs), light commercial vehicles (LCVs), heavy commercial vehicles (HCVs)). Region wise analysis includes North America,, Latin America,, Europe,, Asia Pacific excluding Japan (), Japan ()and MEA ().
Product Definition:
Luxury Automotive Aftermarkets are the parts and accessories that are designed to improve the appearance and performance of luxury cars. They can include things like upgraded wheels, body kits, and performance enhancements. The importance of Luxury Automotive Aftermarkets is that they allow people to customize their cars in a way that reflects their personal style. They can also improve the car's performance and make it more enjoyable to drive.
Wear and Tear Parts:
Wear and tear parts are all the mechanical components that get damaged due to usage and natural aging. They can be classified into two types, as durable parts (which include fasteners, seals, gaskets) and consumable parts (wiper blades, bulbs). The growth factor in the aftermarket for wear & tear part is dependent on factors such as consumer awareness regarding new products available in the market along with replacement options.
Crash Relevant Parts:
The crash relevant parts are those automotive components that help in repairing or restoring the vehicle to its pre-crash condition. The major function of these parts is to minimize the severity of injuries and fatalities during a collision. These are also known as safety relevance or safety elements, which have been identified as essential by regulatory agencies such as NHTSA (National Highway Traffic Safety Administration) and EU (European Union).
Application Insights:
Passenger vehicles were the largest application segment in 2017 and accounted for a market share of over 60.0% in terms of revenue. The growth can be attributed to increasing demand from high-income class consumers, especially in developed regions like North America and Europe. LCVs are expected to grow at a significant rate during the forecast period owing to rising demand from developing countries including China, India, Brazil and so on. HCVs are also projected to witness considerable growth due to increased production capacities by major manufacturers across the world coupled with growing commercialization of these vehicles in emerging economies such as India and China.
The other luxury automotive aftermarket includes parts that cater beyond regular wear & tear or mechanical damage repair requirements such as aesthetic body kits & paint jobs for instance; which is expected to expand at a CAGR exceeding 7% during the forecast period 2018 - 2030 globally thereby registering an attractive growth opportunity for all players involved directly or indirectly related thereto across all regions worldwide.
Regional Analysis:
Asia Pacific is expected to be the largest and fastest-growing regional market over the forecast period. The region accounted for a share of more than 60% in terms of revenue in 2017. This can be attributed to increasing sales of luxury vehicles, especially in China and India, as well as rising demand for aftermarket services for these vehicles. In addition, growing R&D activities by key players are likely to contribute towards market growth over the coming years.
Europe was estimated at USD X billion in 2017 owing to high demand from countries such as Germany and U.K., which account for a large number of luxury vehicle sales on a domestic level every year.
Growth Factors:
- Increasing disposable income of the consumers: The luxury automotive aftermarkets market is expected to grow at a significant rate during the forecast period owing to the increasing disposable income of the consumers. Rising consumerism and growing demand for luxurious products are some of the major factors that are anticipated to fuel the growth of this market in near future.
- Technological advancements: The luxury automotive aftermarkets market is witnessing rapid technological advancements, which is resulting in innovative products and services being launched in this market. This is likely to boost the growth prospects of this market during the forecast period.
- Growing demand for customization: A large number of luxury car owners prefer customizing their vehicles according to their needs and preferences, which is fuelingthe demand for luxury automotive aftermarket products and services across different regions globally. This trendisexpectedtobring positivegrowth prospectsfortheluxuryautomotiveaftermarketsmarketduringtheforecastperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Automotive Aftermarkets Market Research Report
By Type
Wear and Tear Parts, Crash Relevant Parts, Diagnostic Parts, Accessories, Other, Luxury Automotive Aftermarket
By Application
Passenger Vehicles, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
By Companies
BMW, Volkswagen Group, General Motors, TOYOTA, Hyundai Motor Group, Daimler AG, Ford Motor Company, Honda Motor Company, Ltd, Nissan Motor Company Ltd, Volvo Cars, Porsche AG, Jaguar, Maserati, Luxury Automotive Aftermarket
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Automotive Aftermarkets Market Report Segments:
The global Luxury Automotive Aftermarkets market is segmented on the basis of:
Types
Wear and Tear Parts, Crash Relevant Parts, Diagnostic Parts, Accessories, Other, Luxury Automotive Aftermarket
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 Vehicles, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)
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:
- BMW
- Volkswagen Group
- General Motors
- TOYOTA
- Hyundai Motor Group
- Daimler AG
- Ford Motor Company
- Honda Motor Company, Ltd
- Nissan Motor Company Ltd
- Volvo Cars
- Porsche AG
- Jaguar
- Maserati
- Luxury Automotive Aftermarket
Highlights of The Luxury Automotive Aftermarkets 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:
- Wear and Tear Parts
- Crash Relevant Parts
- Diagnostic Parts
- Accessories
- Other
- Luxury Automotive Aftermarket
- By Application:
- Passenger Vehicles
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
- 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 Luxury Automotive Aftermarkets 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.
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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?
Luxury automotive aftermarkets are businesses that specialize in repairing, restoring, and modifying luxury cars. They may also offer services such as car detailing, paint work, and bodywork.
Some of the major companies in the luxury automotive aftermarkets market are BMW, Volkswagen Group, General Motors, TOYOTA, Hyundai Motor Group, Daimler AG, Ford Motor Company, Honda Motor Company, Ltd, Nissan Motor Company Ltd, Volvo Cars, Porsche AG, Jaguar, Maserati, Luxury Automotive Aftermarket.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Automotive Aftermarkets Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luxury Automotive Aftermarkets Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luxury Automotive Aftermarkets Market - Supply Chain
4.5. Global Luxury Automotive Aftermarkets Market Forecast
4.5.1. Luxury Automotive Aftermarkets Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Automotive Aftermarkets Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Automotive Aftermarkets Market Absolute $ Opportunity
5. Global Luxury Automotive Aftermarkets Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luxury Automotive Aftermarkets Market Size and Volume Forecast by Type
5.3.1. Wear and Tear Parts
5.3.2. Crash Relevant Parts
5.3.3. Diagnostic Parts
5.3.4. Accessories
5.3.5. Other
5.3.6. Luxury Automotive Aftermarket
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury Automotive Aftermarkets Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luxury Automotive Aftermarkets Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicles
6.3.2. Light Commercial Vehicles (LCVs)
6.3.3. Heavy Commercial Vehicles (HCVs)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury Automotive Aftermarkets Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luxury Automotive Aftermarkets Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luxury Automotive Aftermarkets Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luxury Automotive Aftermarkets Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luxury Automotive Aftermarkets Demand Share Forecast, 2019-2026
9. North America Luxury Automotive Aftermarkets Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luxury Automotive Aftermarkets Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luxury Automotive Aftermarkets Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicles
9.4.2. Light Commercial Vehicles (LCVs)
9.4.3. Heavy Commercial Vehicles (HCVs)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luxury Automotive Aftermarkets Market Size and Volume Forecast by Type
9.7.1. Wear and Tear Parts
9.7.2. Crash Relevant Parts
9.7.3. Diagnostic Parts
9.7.4. Accessories
9.7.5. Other
9.7.6. Luxury Automotive Aftermarket
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luxury Automotive Aftermarkets Demand Share Forecast, 2019-2026
10. Latin America Luxury Automotive Aftermarkets Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luxury Automotive Aftermarkets Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luxury Automotive Aftermarkets Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicles
10.4.2. Light Commercial Vehicles (LCVs)
10.4.3. Heavy Commercial Vehicles (HCVs)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luxury Automotive Aftermarkets Market Size and Volume Forecast by Type
10.7.1. Wear and Tear Parts
10.7.2. Crash Relevant Parts
10.7.3. Diagnostic Parts
10.7.4. Accessories
10.7.5. Other
10.7.6. Luxury Automotive Aftermarket
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luxury Automotive Aftermarkets Demand Share Forecast, 2019-2026
11. Europe Luxury Automotive Aftermarkets Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luxury Automotive Aftermarkets Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luxury Automotive Aftermarkets Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicles
11.4.2. Light Commercial Vehicles (LCVs)
11.4.3. Heavy Commercial Vehicles (HCVs)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luxury Automotive Aftermarkets Market Size and Volume Forecast by Type
11.7.1. Wear and Tear Parts
11.7.2. Crash Reevant Parts
11.7.3. Diagnostic Parts
11.7.4. Accessories
11.7.5. Other
11.7.6. Luxury Automotive Aftermarket
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luxury Automotive Aftermarkets Demand Share, 2019-2026
12. Asia Pacific Luxury Automotive Aftermarkets Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luxury Automotive Aftermarkets Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luxury Automotive Aftermarkets Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicles
12.4.2. Light Commercial Vehicles (LCVs)
12.4.3. Heavy Commercial Vehicles (HCVs)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luxury Automotive Aftermarkets Market Size and Volume Forecast by Type
12.7.1. Wear and Tear Parts
12.7.2. Crash Relevant Parts
12.7.3. Diagnostic Parts
12.7.4. Accessories
12.7.5. Other
12.7.6. Luxury Automotive Aftermarket
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luxury Automotive Aftermarkets Demand Share, 2019-2026
13. Middle East & Africa Luxury Automotive Aftermarkets Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luxury Automotive Aftermarkets Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luxury Automotive Aftermarkets Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicles
13.4.2. Light Commercial Vehicles (LCVs)
13.4.3. Heavy Commercial Vehicles (HCVs)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luxury Automotive Aftermarkets Market Size and Volume Forecast by Type
13.7.1. Wear and Tear Parts
13.7.2. Crash Relevant Parts
13.7.3. Diagnostic Parts
13.7.4. Accessories
13.7.5. Other
13.7.6. Luxury Automotive Aftermarket
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luxury Automotive Aftermarkets Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luxury Automotive Aftermarkets Market: Market Share Analysis
14.2. Luxury Automotive Aftermarkets Distributors and Customers
14.3. Luxury Automotive Aftermarkets Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BMW
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Volkswagen Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Motors
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. TOYOTA
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hyundai Motor Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Daimler AG
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Ford Motor Company
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Honda Motor Company, Ltd
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Nissan Motor Company Ltd
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Volvo Cars
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Porsche AG
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jaguar
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Maserati
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Luxury Automotive Aftermarket
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook