Automotive Aftermarket Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, India, Germany - Size and Forecast 2023-2027

Published: Feb 2023 Pages: 196 SKU: IRTNTR71281

Automotive Aftermarket Market Size 2023-2027

The automotive aftermarket market size is forecast to increase by USD 412.55 billion at a CAGR of 6.26% between 2022 to 2027. Market growth relies on several key factors, notably the widespread adoption of vehicle components, driven by the increasing demand for automotive products and the convenience of online purchasing. As consumers seek greater customization options for their vehicles, the market responds by offering a diverse range of aftermarket parts and accessories. This trend is further fueled by the growing popularity of vehicle customization, driven by a desire for personalization and enhanced performance. Additionally, the shift towards online retail channels provides consumers with greater accessibility and convenience in sourcing automotive products, thereby driving market growth. With these factors influencing consumer preferences and purchasing behavior, stakeholders in the automotive industry must adapt their strategies to meet evolving demands and capitalize on opportunities for expansion in this dynamic market landscape.

What will be the size of the Market During the Forecast Period?

Market shows accelerated growth during the forecast period

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Market Segmentation

The market thrives on catering to automobile drivers' needs, offering aftermarket components via online portals. Concerns like exhaust sound and noise emission levels drive demand for mufflers and aftermarket filters. Digital platforms and Internet-of-Things (IoT) solutions enhance service enablers and service enhancements, ensuring connected vehicles meet regulatory factors and environmental standards. Amid changing consumer preferences, the market embraces alternative mobility solutions, reflecting new business models and market concentration.

This market analysis report extensively covers market segmentation by vehicle type (passenger cars and commercial vehicles), distribution channel (retailer, wholesale, and distribution), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 

By Vehicle Type

The market share growth by the passenger cars segment will be significant during the forecast period. Passenger vehicles, including hatchbacks, sedans, and estates, are highly popular globally, and therefore, the segment witnesses high volume sales. These vehicles require periodical service and maintenance, wherein the old, worn-out parts are replaced with new ones. In addition, the growing volume of sales of plug-in hybrid vehicles (PHEVs) and battery electric vehicles (BEVs) globally is further driving the growth of the passenger segment. 

The passenger cars segment was valued at USD 249.68 billion in 2017. 

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Passenger vehicles in the mid-and small-size segments dominate the market share of passenger vehicles, followed by the luxury segment. Furthermore, the investments in research and development of vehicles and testing, compliance with standards, or standardization, have increased over the years. All these cumulative factors have increased the product lifecycle of passenger vehicles, which has invariably increased the time span of vehicles among consumers. This is positively driving the growth of the market globally, as a higher average age of vehicles means higher frequencies of parts replacement. Hence, the above-mentioned factors are expected to fuel the growth of the passenger vehicle segment in the global aftermarket automotive parts and components market during the forecast period.

By Region

APAC is estimated to contribute 39% to the growth of the global automotive aftermarket industry during the forecast period.

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC is the fastest-growing region in the global market. APAC is a high-volume adopter of automobiles and has the presence of countries, such as China and Japan, that have a large number of vehicles in use. These countries also lead the e-commerce industry. Therefore, the region is ideal for the growth of the aftermarket automotive parts and components market during the forecast period.

Additionally, APAC has the presence of dominant e-commerce players such as Alibaba Group Holding Ltd (Alibaba Group). Alibaba Group has contributed significantly to making China a dominant country in the global e-commerce industry. Emerging economies, such as India, are witnessing fast growth in the e-commerce industry. This is because of homegrown players, such as Flipkart Pvt Ltd. (Flipkart), and the entry of dominant global players, such as Amazon.com Inc (Amazon). The growth in the e-commerce industry is a positive factor for the growth of the regional automotive aftermarket industry during the forecast period.

Market Dynamics

In the market, the speed of innovation is matched by the convenience of online portal, connecting consumers with a diverse value chain. R&D expenditures drive advancements in electric components, enhancing market reach and fostering operational synergies. Compliance with safety regulations and intellectual property laws ensures quality while stimulating R&D initiatives. Amid evolving consumer needs, service substitutes like ride-sharing platforms are reshaping the industry, demanding agility from automobile manufacturers and addressing concerns like production cost. Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The increasing demand for vehicle parts is notably driving the growth of the Aftermarket Automotive Parts and Components Market size. The demand for automotive spare parts is increasing due to various factors, such as the increasing service life of vehicles. This is increasing the number of vehicles in most major automobile countries. The rising vehicle population leads to increased demand for spare parts for the aftermarket, thereby driving market growth.

Moreover, passenger vehicles and utility vehicles, such as SUVs, MPVs, crossovers, and pickup trucks, are very popular in the automotive market. These vehicles require regular service and maintenance to function properly as they are used for longer periods of time. This creates a high demand for aftermarket parts to replace old, worn-out parts and components. Therefore, these factors are anticipated to drive the growth of the automotive aftermarket industry during the forecast period.

Significant Market Trends

Aftermarket e-retailing gaining popularity is the primary trend in the market. The market is undergoing a paradigm shift towards online platforms. This is evidenced by the annual growth rate of online retail parts sales. In recent years, sales of automotive spare parts via e-commerce websites have outgrown sales in traditional brick-and-mortar stores due to digitization. The advantages and benefits of using e-commerce platforms are driving revenue generation in the aftermarket.

Furthermore, buyers have access to detailed specifications, provided by vendors online, of products before purchase. Some of the popular automotive aftermarket parts bought online are brake parts, filters (oil and air), lighting parts, tires, lubricants, and batteries. The market also has the presence of specialized automotive aftermarkets such as Allopneus (allopneus.com), which is a French online tire e-retailer. Hence, such factors are expected to fuel the growth of the industry during the forecast period.

Major Market Challenge

The high price sensitivity leading to margin pressure on e-retailers is a major challenge impeding market growth. Due to the high quality of modern vehicles, the average vehicle age is increasing. In addition, repair costs are also constantly increasing. This leads to higher average repair costs for modern vehicles compared to older vehicles. Therefore, from the customer's point of view, cost-effectiveness is negated by rising repair costs. The increase in repair costs was primarily due to an increase in labor costs, vehicle complexity, and rising prices of auto parts such as steel and aluminium parts. Therefore, customers are price sensitive when purchasing automotive products.

Additionally, automotive aftermarkets must incorporate value-based pricing while offering discounts and offers to maintain margins on automotive products sold on their website. A fragmented market leads to fierce price competition among players. Adopting an optimal pricing strategy is critical for players to build a sustainable business. Therefore, the aftermarket must balance part prices with discounts and offers. Therefore, such factors are expected to hamper the growth of the Aftermarket Automotive Parts and Components Market share to some extent during the forecast period.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the aftermarket automotive parts and components market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecast report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

3M Co. - The company ?focuses on Automotive Aftermarket services. 

The report also includes detailed analyses of the competitive landscape of the market and information about 14 market companies, including:

  • Aisin Corp.
  • Akebono Brake Corp.
  • ALCO Filters Ltd.
  • Aptiv PLC
  • BASF SE
  • BorgWarner Inc.
  • Bridgestone Corp
  • Continental AG
  • DENSO Corp.
  • Faurecia
  • HELLA GmbH and Co. KGaA
  • JK Tyre and Industries Ltd.
  • LCI Industries
  • MAP MotoRad Automotive Parts Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, robust, tentative, and weak.

Segment Overview

The market growth and trends report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2022 for the following segments.

  • Vehicle Type Outlook 
    • Passenger cars
    • Commercial vehicles
  • Distribution Channel Outlook
    • Retailer
    • Wholesale
    • Distribution
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America 
      • Brazil
      • Chile
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Market Analyst Overview

The market caters to a diverse array of end-users across various market segments. It encompasses both the genuine parts segment and the uncertified parts segment, where concerns regarding counterfeit parts persist. Key components like tires have a significant impact, with factors like the replacement cycle influencing demand. Accessories suppliers, tire suppliers, and repair service providers play pivotal roles in this ecosystem, alongside entertainment service providers catering to modern consumer needs. With the rise of hybrid electric cars and fluctuating petrol prices, consumers' disposable incomes are increasingly influential. 3D printing is revolutionizing automotive parts manufacturing, impacting both the retail segment and wholesale & distribution segment. From original equipment to DIY enthusiasts, the aftermarket engages wholesalers, insurers, and repair shops, ensuring a robust service channel supported by raw material suppliers and tier 1 distributors.

Further, the market exhibits a dynamic landscape driven by the concentration of end-users across diverse sectors. Among these, the tire segment stands out, influenced by factors like the replacement cycle of tires and evolving car safety standards. Furthermore, technological advancements such as 3D printing of automotive parts are reshaping the market, impacting both the original equipment segment and the DIY segment. Workshops, aftermarket units, jobbers, and collision repair centers form the backbone of the aftermarket ecosystem, providing essential services and parts. Additionally, auto insurance companies play a crucial role in facilitating repairs and replacements. This dynamic market thrives on innovation, regulatory compliance, and meeting the diverse needs of vehicle owners and operators.

Market Scope

Report Coverage

Details

Page number

196

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 6.26%

Market growth 2023-2027

USD 164.58 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

5.62

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 39%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

 Leading companies, Market Positioning of companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Aisin Corp., Akebono Brake Corp., ALCO Filters Ltd., Aptiv PLC, BASF SE, BorgWarner Inc., Bridgestone Corp, Continental AG, DENSO Corp., Faurecia, HELLA GmbH and Co. KGaA, JK Tyre and Industries Ltd., LCI Industries, MAP MotoRad Automotive Parts Ltd., NGK SPARK PLUG Co. Ltd., Pioneer Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Tenneco Inc., The Goodyear Tire and Rubber Co., Valeo SA, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in the Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global automotive aftermarket market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global automotive aftermarket market 2017 - 2021 ($ billion)
    • 4.2 Vehicle type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ billion)
    • 4.3 Distribution channel Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ billion)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Historic Market Size

    • 5.1 Global automotive aftermarket market 2022 - 2027

      6 Historic Market Size

      • 6.1 Global automotive aftermarket market 2022 - 2027
        • Exhibit 23: Historic Market Size (value) – Data Table on Global automotive aftermarket market 2022 - 2027 ($ thousand)
        • Exhibit 24: Historic Market Size (volume) – Data Table on Global automotive aftermarket market 2022 - 2027 ($ thousand)
      • 6.2 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 25: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.3 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 26: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.4 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 27: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.5 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 28: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.6 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 29: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.7 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 30: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.8 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 31: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.9 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 32: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.10 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 33: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.11 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 34: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.12 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 35: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.13 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 36: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.14 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 37: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.15 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 38: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.16 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 39: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)
      • 6.17 Global automotive aftermarket market by Segment – Historic Analysis 2022 - 2027
        • Exhibit 40: Historic Market Size (value) - Data Table on Global automotive aftermarket market Segment 2022 - 2027 ($ thousand)

      7 Five Forces Analysis

      • 7.1 Five forces summary
        • Exhibit 41: Five forces analysis - Comparison between 2022 and 2027
      • 7.2 Bargaining power of buyers
        • Exhibit 42: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
      • 7.3 Bargaining power of suppliers
        • Exhibit 43: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
      • 7.4 Threat of new entrants
        • Exhibit 44: Threat of new entrants – Impact of key factors in 2022 and 2027
      • 7.5 Threat of substitutes
        • Exhibit 45: Threat of substitutes – Impact of key factors in 2022 and 2027
      • 7.6 Threat of rivalry
        • Exhibit 46: Threat of rivalry – Impact of key factors in 2022 and 2027
      • 7.7 Market condition
        • Exhibit 47: Chart on Market condition - Five forces 2022 and 2027

      8 Market Segmentation by Vehicle Type

      • 8.1 Market segments
        • Exhibit 48: Chart on Vehicle Type - Market share 2022-2027 (%)
        • Exhibit 49: Data Table on Vehicle Type - Market share 2022-2027 (%)
      • 8.2 Comparison by Vehicle Type
        • Exhibit 50: Chart on Comparison by Vehicle Type
        • Exhibit 51: Data Table on Comparison by Vehicle Type
      • 8.3 Passenger cars - Market size and forecast 2022-2027
        • Exhibit 52: Chart on Passenger cars - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 53: Data Table on Passenger cars - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 54: Chart on Passenger cars - Year-over-year growth 2022-2027 (%)
        • Exhibit 55: Data Table on Passenger cars - Year-over-year growth 2022-2027 (%)
      • 8.4 Commercial vehicles - Market size and forecast 2022-2027
        • Exhibit 56: Chart on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 57: Data Table on Commercial vehicles - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 58: Chart on Commercial vehicles - Year-over-year growth 2022-2027 (%)
        • Exhibit 59: Data Table on Commercial vehicles - Year-over-year growth 2022-2027 (%)
      • 8.5 Market opportunity by Vehicle Type
        • Exhibit 60: Market opportunity by Vehicle Type ($ billion)

      9 Market Segmentation by Distribution Channel

      • 9.1 Market segments
        • Exhibit 61: Chart on Distribution Channel - Market share 2022-2027 (%)
        • Exhibit 62: Data Table on Distribution Channel - Market share 2022-2027 (%)
      • 9.2 Comparison by Distribution Channel
        • Exhibit 63: Chart on Comparison by Distribution Channel
        • Exhibit 64: Data Table on Comparison by Distribution Channel
      • 9.3 Retailer - Market size and forecast 2022-2027
        • Exhibit 65: Chart on Retailer - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 66: Data Table on Retailer - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 67: Chart on Retailer - Year-over-year growth 2022-2027 (%)
        • Exhibit 68: Data Table on Retailer - Year-over-year growth 2022-2027 (%)
      • 9.4 Wholesale and distribution - Market size and forecast 2022-2027
        • Exhibit 69: Chart on Wholesale and distribution - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 70: Data Table on Wholesale and distribution - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 71: Chart on Wholesale and distribution - Year-over-year growth 2022-2027 (%)
        • Exhibit 72: Data Table on Wholesale and distribution - Year-over-year growth 2022-2027 (%)
      • 9.5 Market opportunity by Distribution Channel
        • Exhibit 73: Market opportunity by Distribution Channel ($ billion)

      10 Customer Landscape

      • 10.1 Customer landscape overview
        • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

      11 Geographic Landscape

      • 11.1 Geographic segmentation
        • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
        • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
      • 11.2 Geographic comparison
        • Exhibit 77: Chart on Geographic comparison
        • Exhibit 78: Data Table on Geographic comparison
      • 11.3 APAC - Market size and forecast 2022-2027
        • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
        • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
      • 11.4 Europe - Market size and forecast 2022-2027
        • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
        • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
      • 11.5 North America - Market size and forecast 2022-2027
        • Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
        • Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
      • 11.6 South America - Market size and forecast 2022-2027
        • Exhibit 91: Chart on South America - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 92: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 93: Chart on South America - Year-over-year growth 2022-2027 (%)
        • Exhibit 94: Data Table on South America - Year-over-year growth 2022-2027 (%)
      • 11.7 Middle East and Africa - Market size and forecast 2022-2027
        • Exhibit 95: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 96: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 97: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
        • Exhibit 98: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • 11.8 China - Market size and forecast 2022-2027
        • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
        • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
      • 11.9 US - Market size and forecast 2022-2027
        • Exhibit 103: Chart on US - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 104: Data Table on US - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 105: Chart on US - Year-over-year growth 2022-2027 (%)
        • Exhibit 106: Data Table on US - Year-over-year growth 2022-2027 (%)
      • 11.10 Japan - Market size and forecast 2022-2027
        • Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
        • Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)
      • 11.11 Germany - Market size and forecast 2022-2027
        • Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
        • Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
      • 11.12 India - Market size and forecast 2022-2027
        • Exhibit 115: Chart on India - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 116: Data Table on India - Market size and forecast 2022-2027 ($ billion)
        • Exhibit 117: Chart on India - Year-over-year growth 2022-2027 (%)
        • Exhibit 118: Data Table on India - Year-over-year growth 2022-2027 (%)
      • 11.13 Market opportunity by geography
        • Exhibit 119: Market opportunity by geography ($ billion)

      12 Drivers, Challenges, and Trends

      • 12.1 Market drivers
        • 12.2 Market challenges
          • 12.3 Impact of drivers and challenges
            • Exhibit 120: Impact of drivers and challenges in 2022 and 2027
          • 12.4 Market trends

            13 Vendor Landscape

            • 13.1 Overview
              • 13.2 Vendor landscape
                • Exhibit 121: Overview on Criticality of inputs and Factors of differentiation
              • 13.3 Landscape disruption
                • Exhibit 122: Overview on factors of disruption
              • 13.4 Industry risks
                • Exhibit 123: Impact of key risks on business

              14 Vendor Analysis

              • 14.1 Vendors covered
                • Exhibit 124: Vendors covered
              • 14.2 Market positioning of vendors
                • Exhibit 125: Matrix on vendor position and classification
              • 14.3 3M Co.
                • Exhibit 126: 3M Co. - Overview
                • Exhibit 127: 3M Co. - Business segments
                • Exhibit 128: 3M Co. - Key news
                • Exhibit 129: 3M Co. - Key offerings
                • Exhibit 130: 3M Co. - Segment focus
              • 14.4 Aptiv PLC
                • Exhibit 131: Aptiv PLC - Overview
                • Exhibit 132: Aptiv PLC - Business segments
                • Exhibit 133: Aptiv PLC - Key offerings
                • Exhibit 134: Aptiv PLC - Segment focus
              • 14.5 BorgWarner Inc.
                • Exhibit 135: BorgWarner Inc. - Overview
                • Exhibit 136: BorgWarner Inc. - Business segments
                • Exhibit 137: BorgWarner Inc. - Key news
                • Exhibit 138: BorgWarner Inc. - Key offerings
                • Exhibit 139: BorgWarner Inc. - Segment focus
              • 14.6 Bridgestone Corp
                • Exhibit 140: Bridgestone Corp - Overview
                • Exhibit 141: Bridgestone Corp - Business segments
                • Exhibit 142: Bridgestone Corp - Key news
                • Exhibit 143: Bridgestone Corp - Key offerings
                • Exhibit 144: Bridgestone Corp - Segment focus
              • 14.7 Continental AG
                • Exhibit 145: Continental AG - Overview
                • Exhibit 146: Continental AG - Business segments
                • Exhibit 147: Continental AG - Key offerings
                • Exhibit 148: Continental AG - Segment focus
              • 14.8 DENSO Corp.
                • Exhibit 149: DENSO Corp. - Overview
                • Exhibit 150: DENSO Corp. - Business segments
                • Exhibit 151: DENSO Corp. - Key news
                • Exhibit 152: DENSO Corp. - Key offerings
                • Exhibit 153: DENSO Corp. - Segment focus
              • 14.9 HELLA GmbH and Co. KGaA
                • Exhibit 154: HELLA GmbH and Co. KGaA - Overview
                • Exhibit 155: HELLA GmbH and Co. KGaA - Business segments
                • Exhibit 156: HELLA GmbH and Co. KGaA - Key news
                • Exhibit 157: HELLA GmbH and Co. KGaA - Key offerings
                • Exhibit 158: HELLA GmbH and Co. KGaA - Segment focus
              • 14.10 NGK SPARK PLUG Co. Ltd.
                • Exhibit 159: NGK SPARK PLUG Co. Ltd. - Overview
                • Exhibit 160: NGK SPARK PLUG Co. Ltd. - Business segments
                • Exhibit 161: NGK SPARK PLUG Co. Ltd. - Key offerings
                • Exhibit 162: NGK SPARK PLUG Co. Ltd. - Segment focus
              • 14.11 Pioneer Corp.
                • Exhibit 163: Pioneer Corp. - Overview
                • Exhibit 164: Pioneer Corp. - Business segments
                • Exhibit 165: Pioneer Corp. - Key offerings
                • Exhibit 166: Pioneer Corp. - Segment focus
              • 14.12 Robert Bosch GmbH
                • Exhibit 167: Robert Bosch GmbH - Overview
                • Exhibit 168: Robert Bosch GmbH - Business segments
                • Exhibit 169: Robert Bosch GmbH - Key offerings
                • Exhibit 170: Robert Bosch GmbH - Segment focus
              • 14.13 Samsung Electronics Co. Ltd.
                • Exhibit 171: Samsung Electronics Co. Ltd. - Overview
                • Exhibit 172: Samsung Electronics Co. Ltd. - Business segments
                • Exhibit 173: Samsung Electronics Co. Ltd. - Key news
                • Exhibit 174: Samsung Electronics Co. Ltd. - Key offerings
                • Exhibit 175: Samsung Electronics Co. Ltd. - Segment focus
              • 14.14 Tenneco Inc.
                • Exhibit 176: Tenneco Inc. - Overview
                • Exhibit 177: Tenneco Inc. - Business segments
                • Exhibit 178: Tenneco Inc. - Key news
                • Exhibit 179: Tenneco Inc. - Key offerings
                • Exhibit 180: Tenneco Inc. - Segment focus
              • 14.15 The Goodyear Tire and Rubber Co.
                • Exhibit 181: The Goodyear Tire and Rubber Co. - Overview
                • Exhibit 182: The Goodyear Tire and Rubber Co. - Business segments
                • Exhibit 183: The Goodyear Tire and Rubber Co. - Key news
                • Exhibit 184: The Goodyear Tire and Rubber Co. - Key offerings
                • Exhibit 185: The Goodyear Tire and Rubber Co. - Segment focus
              • 14.16 Valeo SA
                • Exhibit 186: Valeo SA - Overview
                • Exhibit 187: Valeo SA - Business segments
                • Exhibit 188: Valeo SA - Key news
                • Exhibit 189: Valeo SA - Key offerings
                • Exhibit 190: Valeo SA - Segment focus
              • 14.17 ZF Friedrichshafen AG
                • Exhibit 191: ZF Friedrichshafen AG - Overview
                • Exhibit 192: ZF Friedrichshafen AG - Business segments
                • Exhibit 193: ZF Friedrichshafen AG - Key news
                • Exhibit 194: ZF Friedrichshafen AG - Key offerings
                • Exhibit 195: ZF Friedrichshafen AG - Segment focus

              15 Appendix

              • 15.1 Scope of the report
                • 15.2 Inclusions and exclusions checklist
                  • Exhibit 196: Inclusions checklist
                  • Exhibit 197: Exclusions checklist
                • 15.3 Currency conversion rates for US$
                  • Exhibit 198: Currency conversion rates for US$
                • 15.4 Research methodology
                  • Exhibit 199: Research methodology
                  • Exhibit 200: Validation techniques employed for market sizing
                  • Exhibit 201: Information sources
                • 15.5 List of abbreviations
                  • Exhibit 202: List of abbreviations

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                INFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases

                DATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts

                REPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape

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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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