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C.A.S.E Related Applications to Influence Newer Investments Across Most Markets, Leading to a Rise in Aftermarket Demand
17-Mar-2020
Global
Market Outlook
K48E-01-00-00-00
AU01973-GL-MO_24216
The aim of this study is to identify the size of the global automotive parts and services aftermarket and its growth opportunities in 2020. The study provides detailed analysis of key trends influencing the aftermarket, market revenues of major part categories, ownership behavior of customers, and also identifying major opportunity areas for different stakeholders. These analyses are provided for major automotive markets, including North America, Latin America, Europe, China, and India. At the global level, the study discusses how 2019 shaped up for the automotive aftermarket, analyzing both qualitative and quantitative aspects. It also provides an outlook for the same for the year ahead, thereby, discussing all major trends and key business models expected as an outcome.
According to Frost and Sullivan’s analysis aftermarket revenues expanded by 4.1% in 2019. This was largely on the back of growth in vehicles in operation by 3.2%, while contraction in global GDP growth stifled consumer expenditure in terms of new vehicle purchase. A slowdown in new vehicle sales also meant heightened focus on the aftermarket from all stakeholders, more so from the OES channel, which grappled for sustaining business at the dealer level by vehicle services. This also translated into the development of newer partnerships and evolution of newer channels to market. In 2020, Frost and Sullivan expects growth in aftermarket revenues to be 4.0%, with India and China leading the growth, although at a slower pace than last year.
Key Features
The key objectives of the study include the following:
- To calculate the size of the global automotive aftermarket through analysis of VIO and replacement rates
- To provide major developments in supplier and other stakeholder activity in order to understand the movement in the aftermarket
- To identify the main industry trends in each region
- To determine which regions and segments will enjoy the highest growth potential
- To analyze the effect of Mega Trends, such as electrification of powertrain and digitization in vehicle servicing offering solutions on demand for aftermarket parts and services
- To predict major benchmarks that the global aftermarket will achieve in 2020 and beyond
Key Issues Addressed
- What are the main factors that will influence the size of the global automotive aftermarket in 2020?
- How does the industry outlook vary from region to region?
- What developments in the global automotive aftermarket from 2019 will have an impact during 2020?
- What is the outlook for eRetailing and service marketplaces for 2020?
- How are emerging regions being served, or underserved, by automotive parts and services suppliers?
Author: Anuj Monga
2019 in Numbers—Key Highlights
2019 in Trends—Key Highlights
2020 in Numbers—Key Predictions
2020 in Trends—Key Predictions
Research Scope
Research Aims and Objectives
Key Questions This Study Will Answer
Global Economy in 2019—Top Trends
Global Economic Outlook 2020—Top Predictions
Global Economic Outlook 2020—Top Predictions (continued)
2020 World GDP Growth Snapshot
Advanced Economies—Key Predictions for 2020
Emerging Economies—Key Predictions for 2020
2020 Growth Opportunities—Top 3 Opportunities by Region
2020 Regional Trends—GDP Growth, Risks, and Policy
Global Light VIO
Global Aftermarket Revenue Market Size Potential
Global Aftermarket—Growth Opportunity Analysis
Global Average Vehicle Age
Average Annual Miles Driven
Global Vehicle and Brand Trends
Global Automotive Aftermarket—2020 eRetailing Overview
Trend 1—New Points of Sale Emerging
Trend 2—Growth in Uberization of Vehicle Services
Trend 3—ADAS Vehicles Enabling New Demand, Capabilities
Trend 4—eMobility Opportunities Emerging
Trend 5—New Fulfillment Channel Through On-demand Services
Key Aftermarket Developments in 2019—Global
Key Aftermarket Developments in 2019—Global (continued)
Key Aftermarket Developments in 2019—Global (continued)
Key Aftermarket Developments in 2019—Global (continued)
Key Aftermarket Developments in 2019—Global (continued)
Key Policies and Regulations—2019
Key Policies and Regulations—2019 (continued)
Long-term Trends (2020 and Beyond)
Regional Outlook—US
Regional Outlook—Canada
North America Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type
VIO Ownership Pattern
Vehicle in Operation Model Mix—North America
Automotive Aftermarket Opportunity Areas
Regional Outlook—Europe
Europe—Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type
VIO Ownership Pattern
Vehicle in Operation Model Mix—Europe
Automotive Aftermarket Opportunity Areas
Regional Outlook—China
China—Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type, China
VIO Ownership Pattern
Vehicle in Operation Model Mix—China
Automotive Aftermarket—Opportunity Areas in China
Regional Outlook—Latin America
Latin America Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type
VIO Ownership Pattern
Vehicle in Operation Model Mix—LATAM
Automotive Aftermarket—Opportunity Areas in Latin America
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type
VIO Ownership Pattern
Vehicle in Operation Model Mix
Automotive Aftermarket Opportunity Areas
Growth Opportunity—Data Monetization and Blockchain
Strategic Imperatives for Success and Growth
2020 in Numbers—Key Predictions
2020 in Trends—Key Predictions
The Last Word—Three Big Predictions
Legal Disclaimer
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
2020 Research Plan
2020 Research Plan (continued)
2019 Published Research
2019 Published Research (continued)
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Key Features
The key objectives of the study include the following:
- To calculate the size of the global automotive aftermarket through analysis of VIO and replacement rates
- To provide major developments in supplier and other stakeholder activity in order to understand the movement in the aftermarket
- To identify the main industry trends in each region
- To determine which regions and segments will enjoy the highest growth potential
- To analyze the effect of Mega Trends, such as electrification of powertrain and digitization in vehicle servicing offering solutions on demand for aftermarket parts and services
- To predict major benchmarks that the global aftermarket will achieve in 2020 and beyond
Key Issues Addressed
- What are the main factors that will influence the size of the global automotive aftermarket in 2020?
- How does the industry outlook vary from region to region?
- What developments in the global automotive aftermarket from 2019 will have an impact during 2020?
- What is the outlook for eRetailing and service marketplaces for 2020?
- How are emerging regions being served, or underserved, by automotive parts and services suppliers?
Author: Anuj Monga
| Deliverable Type | Market Outlook |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Anuj Monga |
| Industries | Automotive |
| WIP Number | K48E-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9801-A6,9AF6-A6 |
Global Automotive Aftermarket Outlook, 2020
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