Ageing Vehicle Population and DIY Expansion to Cushion COVID-19 Setbacks to North American Automotive Aftermarket in 2020

This report covers Class 1-3 vehicles compressors, radiators, batteries, air filters, oil filters, cabin air filters, spark plugs, starters, alternators and wipers aftermarket in terms of volume (in Million units) and value ($ Million) across United States and Canada. It discuss about unit shipments, revenue average price, distribution channel share and market share. The base year for analysis is 2019 and the forecast period is 2020 to 2023. Overall unit shipments for all product categories will experience a marginal growth considering the fact that the market is mature across the product categories, primarily fueled by the VIO growth rate and increased vehicle age. COVID 19 is Impacting the reduction in the annual miles for class 1-3 vehicle across the region. Which is further negatively impacting the replacement rates for all the product categories. The market is estimated to be recovered and have steady growth from 2021 and onwards in the North American region. The North American cabin air filters has the highest growth rate in terms of unit shipments and revenue during the forecast period, whereas, batteries product category is the largest in terms of revenue market size. Predominantly the major channel partner across product categories is warehouse distributors, except for few product categories such as batteries. Retailers and OES channel the next major channel partners followed by eRetail. Overall average unit price is expected to increase marginally during the forecast period across all product categories. The major players are for different product categories are: • Compressors: SMP, GPD Omega, Denso, UAC • Radiators: Spectra Premium, APDI, LKQ, CSF • Batteries: Clarios, East Penn Manufacturing, Exide • Air Filter: MANN+HUMMEL, K&N, FRAM Filtration, Bosch, STP, Motorcraft, ACDelco • Oil Filter: MANN+HUMMEL, FRAM Filtration, Bosch, Mobil1, Motorcraft, STP, K&N • Cabin Air Filter: MANN+HUMMEL, FRAM Filtration, Bosch, ACDelco, Mopar, Denso, STP • Spark Plugs: NGK, Autolite, Champion, Denso, ACDelco, Bosch, Motorcraft • Alternators: BBB, MPA, Bosch, Denso, Prestolite Electric • Starters: BBB, MPA, Bosch, Denso, Prestolite Electric • Wipers: Bosch, DRiV, ITW Global Brands, Trico, Pylon Manufacturing As this is a mature market improving on factors such as fill rate, application coverage and big customer accounts will enable growth, as major part of the revenue would be through private label brands. Key Issues Addressed: • Total Class 1-3 unit shipments, of all the above product categories • Total Class 1-3 revenue, of all the above product categories • Average Class 1-3 pricing at manufacturer level, of all the above product categories • Total Class 1-3 distribution channel analysis, of all the above product categories • Total Class 1-3 major participants market shares, of all the above product categories Author: Vasanth Raj