The global automotive aftermarket size was valued at usd 378. Following this trend, we expect strong growth in automotive parts online sales with 78% cagr, resulting in. All our online auto parts, from headlights to sideview mirrors, and shocks and struts, are made of the highest quality materials and rigorously tested for longevity, direct fit, and function. It imputes a total global value for the market in 2015 of approximately. The tire segment is anticipated to dominate the automotive aftermarket. At the same time, digital channels are quickly transforming the way people shop for cars and automotive aftermarket products, creating new opportunities to engage with consumers in both online and brickandmortar channels. Digitization is transforming the automotive aftermarket industry. Coronavirus impact on the amazing automotive aftermarket. Whiteline performance car parts car suspension parts. Aasa, the automotive aftermarket suppliers association, 2017.
Widespread availability of reliable and trusted genuine parts in the. Automotive aftermarket suppliers association the voice. Digital retailing of parts, service and sales of cars to accelerate. Indonesiasdeveloping used car market is gradually becoming more structured due to the greater.
Us automotive aftermarket industry report albi dhimitri 2. Increased dollar value of replacement parts a key driver aftermarket benefits from very old cars still on road 11. Car purchases in the region have slowed and the shortterm outlook is still far. It includes 535,000 individual businesses consisting of independent. At the same time, digital channels are quickly transforming the way people shop for cars and automotive aftermarket products, creating new opportunities to engage with. Get more details on this report request free sample pdf. The growth outlook for the aftermarket is stable, although the market structure will change significantly 11. Conclusions and future outlook are presented for each region.
For instance, in october 2015 autoyaar, an indian endtoend car service provider. Auto parts stores in the us industry trends 20142019 auto parts stores in the us industry outlook 20192024 poll average industry growth 20192024. New 2020 automotive aftermarket trends you should know. You can do it all with parts and accessories from carid. Consumers general lack of awareness in vehicle parts results in them placing great reliance on mechanics and. Product development logistics manufact uring new cars financial. With regard to the automotive aftermarket however, the greatest indicator of industry health lies in the continued aging of americas vehicles in general. Indonesias growing automotive aftermarket landscape august 2016. Hitachi automotive systems announces to exhibit at aapex.
Global automotive aftermarket outlook, 2019 demand expected to increase by 4. Gfk april 27, 2016 the automotive aftermarket 2025 9 expense for maintenance increased by 15% from 1996 2015. We guarantee our replacement parts will fit as well as the original equipment. Automotive aftermarket size by product replacement parts belt, brakes, clutch, electrical. Coronavirus trends, covid19 and automotive aftermarket ecommerce march 25, 2020 1. Spare parts market in uae and ksa tire and engine oil market trends. The voice for the automotive aftermarket supplier industry.
The growth outlook for the aftermarket is stable, although the market structure will. The extent to which the potential offered by am is harnessed depends on the path chosen by individual companies. Cars already incorporate vast stores of data to improve safety control mechanisms and maintenance suggestions. Automotive aftermarket weekly automotive aftermarket intelligence report august 24, 2015 automotive aftermarket stock performance oreilly advance auto autozone copart dorman pep boys boyd autonation sonic cooper tire mpa u. Typically, the older the car gets, the more sales of parts at oemowned retail and franchised dealerships decrease in favor of independent retailers. The average age of a vehicle on the road again increased in 2016 to 11. Automotive industry the us is home to different automotive manufacturers gm, ford, chrysler, honda,toyota, nissan, hyundaikia, bmw, mercedesbenz, volkswagen, mazda, mitsubishi, and subaru which produce an average of over 8 million passenger vehicles annually. We strive daily to find the best aftermarket car parts available. You have a car that has the handling qualities of the finest protouring vehicle, the traction of a performance drag car, and the stopping power to make the most unwieldy car tame. Parts manufacturers such as oems, automotive suppliers, and generic manufacturers. Thanks to the car s popularity, the automotive industry has made a strong comeback from the 2008 financial crisis.
Sales to peak in 2015 as the average age of the car rises in us and europe. A snapshot of the automotive sector in africa 1this is inclusive of commercial and passenger vehicles, and excludes motorbikes. Online aftermarket replacement parts sales in the u. View car care tips, shop online for home delivery or pick up in one of our 4000 convenient store locations in 30 minutes or less. However, the speed of growth in asia is expected to slow down in the future, largely due. The automotive industry has seen a continuation of global growth in 2017 however, first. Global automotive aftermarket outlook 2015 news provided by. Oems are continually seeking solutions to minimize this situation as the parts business offers attractive margins. Find an oreilly auto parts store near you, learn about store services, and view our current ad, coupons, and promotions. Shop our large selection of parts based on brand, price, description, and location. Four possible paths and their impact are described in the following framework figure 1. Auto parts stores, oem factory fill, industry analysis report, regional outlook. Automotive aftermarket industry trends global report 2026.
As demand is on watch so will be production but most risk is beyond 2017. The future of the automotive value chain supplier industry outlook. Auto parts stores in the us industry data, trends, stats. These trends impact the market in complex, interconnected ways some of which may be beneficial for parts manufacturers and some of which may present challenges. Check out a variety of auto parts, supplies, and accessories for cars, trucks, and suvs, as well as boats, trailers, atvs, and lawn and garden equipment.
Commoditization of hardware parts and disaggregation of systems will exert. The research includes vehicles in operation analysis, revenue forecasts, and top parts and service providers by region. Automotive aftermarket industry size, share, trends report. The aftermarket in the automotive industry 3 1 executive summary 4. Jegs high performance parts aftermarket auto parts. Five trends transforming the automotive industry pwc. Supplier global revenue and margin outlook 2017e2018e. The automotive aftermarket industry is affected by various factors, whether its new manufacturing technologies or general shifts in selling strategies. Global automotive supplier study 2018 roland berger. Unlike some online aftermarket vendors that have repair parts but cant help you dress up your ride, or sell exterior accessories but dont have the wheels and tires you need to complete the look, were the onestop destination for all your automotive. To evaluate the opportunities for online parts sales within the automotive aftermarket universe.
Reinventing the wheel, publicationsassetsreinventingthewheel. August 24, 2015 automotive aftermarket stock performance oreilly advance auto autozone copart dorman pep boys boyd autonation sonic cooper tire mpa u. Mercedes benz could overtake audi and achieve the no. Auto parts rush federalmogul remy carmax lithia goodyear genuine parts tenneco lkq solera snapon kar standard motor penske uniselect asbury group 1.
Auto care association automobile industry analysis. We have the parts you need, when you need them, and the staff that can steer. Automotive aftermarket industry size, growth and trends. Trade statistics for automotive parts and components 2. Automotive emissions account for over 50 percent of all smogforming pollutants in california.
It also includes an analysis of mega trends impacting the global automotive aftermarket, with a specific focus on electronic parts retailing. Auto parts rush federalmogul remy carmax lithia goodyear genuine parts tenneco lkq solera snapon kar standard motor. Recessions, stock market crashes, unemployment march 27, 2020 8. Advance auto parts is your source for quality auto parts, advice and accessories. The deloitte automotive value chain industry model. The market is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of.
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