The global passenger cars aftermarket market was valued at about $236 billion in 2018. North America passenger cars aftermarket market accounts for the largest share in the global passenger cars aftermarket market.
The passenger car aftermarket consists of sales of passenger car aftermarket parts and services. Companies operating in the passenger car aftermarket (parts and services) provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement vehicle parts, equipment, service repair, and automotive accessories. The market includes the sales of the tires, batteries, brakes parts, filters, lightings, and electronic components.
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Passenger Cars AfterMarket Market Size
The global passenger cars aftermarket market is expected to reach around $278 billion at a growth rate of around 4% through 2022.
Increasing average lifespan of a car is one of the major drivers of the passenger car aftermarket as it leads to an increase in consumer’s regular maintenance and scheduled servicing of the vehicle. The lifespan of the car describes the maximum service life in terms of mileage and time. Changing of wheels, batteries, spark plugs, air filters plays a significant role in prolonging the life of a vehicle.
Major players in the global passenger cars aftermarket market include Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company and Delphi Automotive PLC.
DENSO Corporation is a global automotive components manufacturer headquartered in the city of Kariya, Aichi Prefecture, Japan. After becoming independent from Toyota Motors, it was founded as Nippon Denso Co. Ltd. in 1949. About 25% of the company is owned by Toyota Motor. The company develops and manufactures various auto parts, including gasoline and diesel engine components, hybrid vehicle components, climate control systems, instrument clusters, air-bag systems, pre-crash radar systems, and spark plugs.
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Few Points from Table of Contents:
3.2. Global Passenger Cars After Market Forecast Market, 2018 – 2022F, 2025F, 2030F, $ Billion
3.2.1. Drivers Of The Market
3.2.2. Restraints On the Market
4. Passenger Cars After Market Market Segmentation
4.1. Global Passenger Cars After Market Market, Segmentation By Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Tires, Battery, Brake parts, Filters, Body parts, Lighting, Wheels, Exhaust components, Turbochargers and Others
4.2. Global Passenger Cars After Market Market, Segmentation By Distribution Channel, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Retailers (OEM’s, Repiar Shops)
Wholesalers & Distributors
4.3. Global Passenger Cars After Market Market, Segmentation By Certifiations, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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