Global Automotive Aftermarket Outlook, 2020

Global Automotive Aftermarket Outlook, 2020

C.A.S.E Related Applications to Influence Newer Investments Across Most Markets, Leading to a Rise in Aftermarket Demand

RELEASE DATE
17-Mar-2020
REGION
Global
Research Code: K48E-01-00-00-00
SKU: AU01973-GL-MO_24216

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Description

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

 

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

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)

Related Research
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.--BEGIN PROMO--

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

 

More Information
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