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Global Automotive Aftermarket Outlook, 2023
Demand Expected to Record 7.7% YoY Growth, Driven by the Chinese Aftermarket
29-May-2023
North America
Market Outlook
K8D2-01-00-00-00
AU02542-NA-MO_27714
$4,950.00
Special Price $3,712.50 save 25 %
In this report, Frost & Sullivan evaluates the automotive aftermarket performance in 2022 and identifies numerous trends that affect demand for replacement parts, repairs, and maintenance. It also looks at qualitative and quantitative industry characteristics.
The study period is 2022–2027, with 2022 as the base year and 2023–2027 as the forecast period. The geographic scope is global, with separate discussions for the following regions: North America (Canada and the United States), Europe, China, India, Latin America, and the Rest of the World (no discussion provided). We cover light vehicles with gross vehicle weight rating up to 6 metric tons, which comprise:
• Passenger vehicles (e.g., sedans, hatchbacks, sports utility vehicles, multipurpose vehicles, vans)
• Light commercial vehicles (e.g., pickup trucks)
Our analysis shows that the Russia-Ukraine conflict continues to disrupt supply chains and cause inflation worldwide. Despite rising vehicle sales, consumer behavior changes from the COVID-19 pandemic remain, resulting in lower driving mileage and longer vehicle holding periods. While fewer mileage decreases the need for aftermarket products and services, the latter can increase demand, albeit later in the vehicle lifecycle. In response, market participants diversify their revenue streams through new products and business models, pursue efficiency and better services through digitization, and cater to the growing electric vehicle population.
Some trends we identified that will shape the global automotive aftermarket size in 2023 include data monetization; sustainability, focusing on green practices; and the use of artificial intelligence in retail end aftermarket opportunities. The trends reveal opportunity areas for industry stakeholders.
Other important information includes:
• Regional differences in the industry outlook
• Market changes in 2022 that will have an effect in 2023
• Notable OEM activities
• Opportunities available at the local level for aftermarket participants in each region
Author: Anuj Monga
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Automotive Aftermarket
Growth Opportunities Fuel the Growth Pipeline Engine™
2022 Global Automotive Aftermarket: Forecast vs Actuals
Revenue Forecast for Replacement Parts and Accessories
2022 in Numbers
2022 Trends
2023 in Numbers
2023 Trends
Research Scope
Vehicle Segmentation
Market Segmentation by Region
Questions this Study will Answer
Top 5 Global Economic Highlights of 2023
Global GDP Growth Expectations
Recessionary/Slowdown Expectations for Major Economies
Global GDP Growth Snapshot
Advanced Economy Predictions for 2023
Emerging Economy Predictions for 2023
2023 Regional Risks and Policy Direction
2023 Top Growth Opportunities by Region
Global Light VIO
Global Aftermarket Revenue Potential
Growth Opportunity by Country
Average Vehicle Age
Average Vehicle Miles Traveled
Relevance of Trends by Region
Top Trends Driving the Global Automotive Aftermarket
Trend 1: Data Monetization Gains Steam
Trend 2: Sustainability, with Green Practices in Focus
Trend 3: Servicing Electrified and Autonomous Vehicle Population
Trend 4: AI In Retail-end Aftermarket Applications
Trend 5: Dealership Downsizing to Influence the Associated Aftermarket
Emerging Competitors in Related Markets
OEM Activity in 2022
OEM Activity in 2022 (continued)
eCommerce Activity in 2022
eCommerce Activity in 2022 (continued)
Supplier Activity in 2022
Supplier Activity in 2022 (continued)
M&As, MoUs, and Partnerships in 2022
M&As, MoUs, and Partnerships in 2022 (continued)
Policy and Regulation Changes in 2022
Policy and Regulation Changes in 2022 (continued)
Regional Outlook: United States
Regional Outlook: Canada
North American Aftermarket Dashboard
Aftermarket Outlook: Revenue by Replacement Parts Type
VIO Ownership Pattern
VIO Model Mix
Automotive Aftermarket Opportunity Areas
Regional Outlook: Europe
European Aftermarket Dashboard
Aftermarket Outlook: Revenue by Replacement Parts Type
VIO Ownership Pattern
VIO Model Mix
Automotive Aftermarket Opportunity Areas
Regional Outlook: China
China Aftermarket Dashboard
Aftermarket Outlook: Revenue by Replacement Parts Type
VIO Ownership Pattern
VIO Model Mix
Automotive Aftermarket Opportunity Areas
Regional Outlook: India
Indian Aftermarket Dashboard
Aftermarket Outlook: Revenue by Replacement Parts Type
VIO Ownership Pattern
VIO Model Mix
Automotive Aftermarket Opportunity Areas
Regional Outlook: Latin America
Latin American Aftermarket Dashboard
Aftermarket Outlook: Revenue by Replacement Parts Type
VIO Ownership Pattern
VIO Model Mix
Automotive Aftermarket Opportunity Areas
Growth Opportunity 1: Remote Diagnostics
Growth Opportunity 1: Remote Diagnostics (continued)
Growth Opportunity 2: Fleet Services from Connected Telematics
Growth Opportunity 2: Fleet Services from Connected Telematics (continued)
Growth Opportunity 3: On-demand Services Gain Popular Adoption
Growth Opportunity 3: On-demand Services Gain Popular Adoption (continued)
Conclusions and Outlook
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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| Deliverable Type | Market Outlook |
|---|---|
| Author | Anuj Monga |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Automotive Aftermarket Industry |
| Keyword 2 | auto aftermarket |
| Keyword 3 | automotive trends |
| Podcast | No |
| WIP Number | K8D2-01-00-00-00 |