Market Revenue Automotive After Industry Competitive Situation | Page 2

The automotive after-market segmentation includes product, replacement, distribution channel, sales outlet
and geography. Replacement type comprises tire, battery, brake parts, filters, lighting, electronic components
and body parts. Tire segment is expected to account for higher growth in the forecast period. Distribution
channel segmentation includes retailers and wholesalers. Retailers segment would account for dominant
position in the forthcoming period.
Geographical segmentation for automotive after-market spans North America, South America, Europe, Asia-
Pacific, Middle East and Africa. North American automotive after-market is driven by factors such as rise in
advanced technology for fabrication of auto parts and upsurge in automobile production leading to rise in sales.
South American market expects to gain a higher CAGR owing to rise in accumulation of older vehicles resulting
in repair and service.
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Asia-Pacific’s automotive after-market expects to gain a positive traction owing to rise in automotive
developments and use of digital technology for automotive. In addition, wide presence of automotive
manufacturers coupled with favorable policies is contributing to the market growth. Rise in disposable income
coupled with increased spending capacity is likely to add to the market growth in the forthcoming period.
European automotive after-market is expected to witness a substantial growth in the forthcoming period due
to rise in infrastructural development coupled with stringent policies by government along with rise in foreign
investments.
Middle East and African regions are likely to gain a higher growth in the forthcoming period due to growth in
foreign investments, rise in vehicle population along with favorable policies by government. The key players in
the automotive after-market include 3M Company, Delphi Automotive PLC, Denso Corporation, Continental AG,
Federal-Mogul Corporation, Magneti Marelli S.p.A, and Robert Bosch GmbH.
Market Segment:
Automotive after-market Replacement Part Outlook (Revenue, USD Billion, 2014 - 2025)
• Tire
• Battery
• Brake parts
• Filters
• Body parts
• Lighting & Electronic components
• Wheels