Global Wholesale and Distribution Automotive Aftermarket, By Replacement Part (Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Others), Certification (Genuine Parts, Certified Parts, Uncertified Parts), Distribution Channel (Retailers, Wholesalers, Distributors), Service Channel (DIY, DIFM, OEM), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Wholesale and Distribution Automotive Aftermarket
The wholesale and distribution automotive aftermarket is expected to witness market growth at a rate of 5.50% in the forecast period of 2021 to 2028 and is expected to reach USD 2, 59,891.79 billion by 2028. Data Bridge Market Research report on wholesale and distribution automotive aftermarket provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in vehicles on the roads globally is escalating the growth of wholesale and distribution automotive aftermarket.
Vehicles sold by original equipment manufacturers (OEMs) tend to require replacement parts, servicing items and accessories for damaged or failed parts throughout their life. OEMs and other manufacturers manufacture aftermarket parts. The aftermarket sector is highly dependent on the changing trends in the primary automotive industry.
The increase in demand for collision repair due to the rise in number of sales of automobiles across the globe acts as one of the major factors driving the growth of wholesale and distribution automotive aftermarket. The improvisation and optimization of production techniques and introduction of advanced technologies and innovations in products by automotive vendors owning to the implementation of stringent production norms accelerate the wholesale and distribution automotive aftermarket growth. The rapid digitalization of automotive repair and component sale and rise in the trend of servicing and repairing aggregation among customers further influence the wholesale and distribution automotive aftermarket. Additionally, increasing vehicle penetration, change in lifestyle, urbanization, growth of automobile manufacturing sector and surge in disposable income positively affect the wholesale and distribution automotive aftermarket. Furthermore, the rise in demand for semi-autonomous, electric vehicles, and hybrid and autonomous cars extend profitable opportunities to the wholesale and distribution automotive aftermarket players in the forecast period of 2021 to 2028.
On the other hand, high initial investments required for setting up manufacturing facilities is expected to obstruct the wholesale and distribution automotive aftermarket growth. The presence of counterfeit automotive component manufacturers is projected to challenge the wholesale and distribution automotive aftermarket in the forecast period of 2021-2028.
This wholesale and distribution automotive aftermarket report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on wholesale and distribution automotive aftermarket contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Wholesale and Distribution Automotive Aftermarket Scope and Market Size
The wholesale and distribution automotive aftermarket is segmented on the basis of replacement part, certification, distribution channel and service channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of replacement type, the wholesale and distribution automotive aftermarket is segmented into tire, battery, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components and others.
- On the basis of certification, the wholesale and distribution automotive aftermarket is segmented into genuine parts, certified parts and uncertified parts.
- On the basis of distribution channel, the wholesale and distribution automotive aftermarket is segmented into retailers, wholesalers and distributors.
- On the basis of service channel, the wholesale and distribution automotive aftermarket is segmented into DIY, DIFM and OEM.
Global Wholesale and Distribution Automotive Aftermarket Country Level Analysis
The wholesale and distribution automotive aftermarket is analyzed and market size, volume information is provided by country, replacement part, certification, distribution channel and service channel as referenced above.
The countries covered in the globally wholesale and distribution automotive aftermarket report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific is expected to witness significant growth in wholesale and distribution automotive aftermarket during the forecast period of 2021 to 2028 due to the high vehicle production, growing penetration and acceptance of gas and hybrid electric cars and developing living standards in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wholesale and Distribution Automotive Aftermarket Share Analysis
The wholesale and distribution automotive aftermarket competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wholesale and distribution automotive aftermarket.
The major players covered in the wholesale and distribution automotive aftermarket report are 3M, Continental AG, BorgWarner Inc., DENSO CORPORATION, Tenneco Inc., Marelli Holdings Co., Ltd., Robert Bosch GmbH, The Goodyear Tire and Rubber Company, ZF Friedrichshafen AG, Cooper Tire and Rubber Company, LEMANS CORPORATION, Motorsport Aftermarket Group, Textron Inc., Western Power Sports, Inc., Polaris Inc., AISIN SEIKI Co., Ltd., Deere and Company, BRP among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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