市场调查报告书
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1402435
全球汽车售后市场评估:按替换零件、分销管道、车辆类型、地区、机会、预测(2017-2031)Automotive After Sales Market Assessment, By Replacement Parts, By Distribution Channel, By Vehicle Type, By Region, Opportunities and Forecast, 2017-2031F |
预计2023年全球汽车售后市场规模将达5,012亿美元,2031年将达7,133亿美元,2024年至2031年复合年增长率为4.51%。
快速电气化、自动驾驶和共享行动平台的扩展正在推动市场发展。创新的售后市场产品模式和高效的技术预计将迅速增加零件需求。此外,售后改装的半自动驾驶汽车需要新的汽车零件,从而充当市场驱动力。许多汽车服务提供者和经销商正在转向线上平台,允许客户透过其网站和行动应用程式安排服务、安排车辆维护以及订购零件和配件。这一趋势旨在提高便利性并简化客户体验。随着物联网技术在汽车中的日益集成,製造商和服务提供者正在提供连网汽车服务,这可能会在预测期内推动市场成长。这些服务可实现远端诊断、OTA 更新和 24/7 客户支援。此外,透过线上平台提供的线上服务折扣以及每月和年度服务套餐可能会促进市场成长。
由于技术进步和廉价售后零件等各种驱动因素,该市场正在不断增长,这些因素正在推动最终用户转向汽车售后市场产品。车主对机器进行改装和主题化的趋势不断增长,这导致售后零件的销售量不断增加。汽车领域的快速进步,包括新时代引擎、ADAS 和其他安全相关零件都在售后安装。
售后零件的成本通常低于 OEM,这是市场的主要成长因素。成本的显着降低使售后零件对注重成本的消费者俱有吸引力。因此,喜欢拥有现代化装备和服务的復古车的终端用户会选择售后频道来升级车辆。售后零件提供了多种选项来个性化您的车辆,可用于增强性能、改善外观或合併特殊零件。因此,有多种选择可以满足个人喜好和需求。
随着纯电动车和高压电动车销量的不断增长,製造商开始投资电动车售后零件。随着电动车的出现,售后市场零件中增加了约 40 个新零件。这包括电动马达、电池管理系统 (BMS)、电源控制单元等。此外,电子商务领域在大多数汽车产业的大规模渗透也延伸到了售后市场领域。汽车售后零件在电子商务领域蓬勃发展。这是零件製造商、销售公司、维修店之间系统化合作的结果。5G 连结、不断变化的期望和千禧世代推动了这些线上平台的使用增加。
政府机构及其政策正在推动製造商创建售后市场安全解决方案。这包括防盗系统、盲点侦测系统、锁和其他零件。除了直接影响外,政府为製造商应对 COVID-19 封锁和经济放缓而提供的援助也有助于扩大市场基础。此外,政府经常制定法规和安全标准,以确保售后零件和服务符合特定的品质和安全标准。这些标准涵盖从排放控制系统到车辆安全部件的所有内容。政府可以支持向售后市场产业活跃的国家出口售后零件和服务。这种支持包括贸易协定以及对寻求拓展国际市场的公司的支持。政府推出创新措施以促进汽车售后市场。
本报告研究和分析了全球汽车售后市场,提供市场规模和预测、市场动态以及主要参与者的现状和前景。
Global automotive after sales market is anticipated to grow at a CAGR of 4.51% between 2024 and 2031. The market held a share of USD 501.2 billion in 2023, projected to reach USD 713.3 billion by 2031. The constantly transforming automotive market witnesses a bright future for its aftermarket component. Automotive components like tires, brakes, control units, lights, infotainment systems, and others have their separate after sales market.
Rapid electrification, autonomous driving, and growing shared mobility platforms are gaining traction in the market. The demand for components will likely be spiked through innovative aftermarket product models and efficient technologies. Also, semi-autonomous vehicles with aftermarket modification work as a driving factor for the market as they require new vehicle parts. Many automotive service providers and dealerships are moving towards online platforms, allowing customers to book services, schedule vehicle maintenance, and order parts or accessories through websites and mobile apps. The trend is aimed to enhance convenience and streamline the customer experience. With the increasing integration of IoT technology in vehicles, manufacturers, and service providers offer connected car services, likely to drive the market growth during the forecast period. These services allow remote diagnostics, over-the-air updates, and 24x7 customer support. Also, online service discounts and monthly and yearly service packages offered through online platforms are likely to support the market growth.
The market grows with different driving factors like technological advancements and cheaper aftermarket parts, promoting end-users to go for automotive aftermarket products. The rising trend of vehicle owners getting their machine modified and themed is increasing the sales of aftermarket parts. The rapid advancements in automotives including new-age engine, advanced driver assistance systems (ADAS), and other safety-related components are being installed after sales.
The cost of aftermarket components is often lower than their original equipment manufacturer (OEM) counterparts which works as a major growth driver for the market. Significant cost reduction can make aftermarket parts appealing to cost-conscious consumers. Hence, the end users preferring retro vehicles with modern-age equipment and services choose the after sales channel for their vehicle upgradation. The aftermarket parts offer a broad selection of options for automotive personalization and can be used to enhance performance, improve visual appeal, or incorporate specialized components. As a result, there is a greater variety of options available to meet individual preferences and requirements.
In March 2023, Harman released A2B digital audio processor that employs up to 32 channels of digital audio. The company announced their new JBL machine amplifiers with CLUB speakers and subwoofers. These include flour models including JBL MA600, JBL MA754, and JBL MA5055. The company has offered the classic JBL experience for different grades of vehicles.
Manufacturers are initially investing in the EV aftermarket parts as the sales of BEV and HPEV are accelerating with time. Around 40 new components are added to the fleet of aftermarket parts due to the advent of electric vehicles. These include e-motor, battery management systems (BMS), and power control units. Furthermore, the aggressive penetration of e-commerce spaces in almost all corners of the automotive industry hasn't left the aftermarket space. The automotive after sales parts are flourishing in the e-commerce space. It is an outcome of the systematic collaboration between parts manufacturers, distributors, and workshops. The increased utilization of these online platforms is triggered through 5G connectivity, shifting expectations, and millennials.
In October 2023, X-Cart announced the integration with Turn 14 distribution to streamline the distribution of aftermarket parts in E-commerce stores. The integration is expected to allow both businesses to streamline their order routing and optimize their supply chain processes. The step has been taken to scale the overall automotive aftermarket eCommerce operations.
Government agencies and their policies are pushing manufacturers to produce aftermarket security and safety solutions. It involves anti-theft systems, blind spot detection systems, locks, and other parts. Apart from direct impact, the government aid to producers to tackle COVID-19 lockdown and economic slowdown helped the market expand its roots. Moreover, Governments often establish regulations and safety standards to ensure that aftermarket components and services meet specific quality and safety criteria. These standards can cover everything from emissions control systems to vehicle safety components. Governments may support exports of aftermarket components and services for countries with a strong aftermarket industry. The support can include trade agreements and assistance for businesses looking to expand into international markets. Government launches innovative initiatives to promote the automotive aftermarket.
In September 2023, The Automotive Innovation Center (AIC) and Australian Automotive Aftermarket Association (AAAA) launched a new EV aftermarket initiative together to fulfil the supply chain for electric vehicle aftermarket parts.
The tire segment is anticipated to lead the market based on replacement part type. This is due to the common replacement, customization, and availability of cheaper sport tires. Using seasonal tire replacement in the western part of the world further fuels the market. However, the limited shelf life of tires is another growth factor for the segment. Regular tire maintenance is essential for the safety and performance of a vehicle. Rotating, balancing, and checking inflation are part of the process for keeping tires in good condition. When it is time to replace tires, drivers are more likely to take prompt action to ensure their safety, particularly in regions with distinct seasons. As a result, tires must be replaced on a seasonal basis to ensure optimal performance and safety. Hence, tire companies try to focus on launching new tires for the aftermarket customers.
In February, JK Tyre & Industries Ltd. announced the launch of two new SUV tires for aftermarket customers. While Ranger HPe is launched for electric vehicles and the Ranger X-At tyre, tailormade made for off-roader enthusiast.
Based on distribution channel, the retail segment leads the global automotive after sales market. The growth is attributed to the end-to-end link between the end user and the retailers. Apart from the wholesale availability, manufacturers or producers try to facilitate online and offline retailers to take up the task of optimizing their supply chain. The increased demand for custom parts along with the rising car modification activities in emerging economies are putting this segment on the top.
Enhanced margin and easy logistics make it possible for retailers to operate for aftermarket automotive parts. Furthermore, the higher consumer accessibility, product variety, better gratification, and DIY enthusiasts garner segmental growth. Retail stores are popular among do-it-yourself (DIY) automotive enthusiasts who prefer to perform their vehicle maintenance and repairs. The brands and aftermarket platforms join international business hubs to expand their retail chain operation across the world.
In March 2023, ACMA (Automotive Components Manufacturers Association of India) joined the "Right to Repair" movement for easy vehicle maintenance and higher aftermarket sales. The movement focuses on ten best practices including equal access, telematics, subscription terms, fair market price, real-time access, accountability, transparency, circumvention, and operationalization of aftermarket components.
Asia-Pacific holds a significant share in the global automotive after sales market. The rapid expansion of advanced technology with more manufacturing capacity is impacting the region. Furthermore, the large vehicle population, economic activities, and aging vehicle fleet are pushing end-users to upgrade, maintain, and repair their personal vehicles. The increased traction for shared mobility services in the region is increasing the four-wheeler sales, influencing the automotive aftermarket. The improved production capacity has increased the availability and accessibility of different automotive parts in the region. Local manufacturers take part in exporting different vehicle parts at an affordable price point, attracting retailers across the globe. Players like Cars24 (India), GoMechanic (India), Carro (Singapore), and Tuhu (China) are startups that work towards making repairing and vehicle maintenance easy. Some of these automotive startups are performing extremely well and are collaborating with large automotive players across the world.
In September 2023, the Indonesian automotive service startup Otoklix reported twofold increase in annual growth, targeting to hit their profit target in a year's time. The company's focus is on shortening the gap between the Indonesian vehicle owners and the fragmented general workshop sector.
Reduced vehicle usage, decline in vehicles sales, and disturbed OEM production led the market into disaster. Pandemic changed the consumer's approach and priorities for a longer period. Alongside, lockdowns, restrictions on movement, and factory closures in response to the pandemic led to disruptions in the supply chain. It affected the availability of aftermarket parts, leading to delays and shortages in some cases. OEMs were affected by the disruption, which in turn, impacted the availability of spare parts, as certain aftermarket components depend on OEM manufacturing. The production halts and logistical disruption led to the shortage of raw materials in the market, leading to market decline. During lockdowns and economic downturns, use of many vehicles was reduced or discontinued, which led to a decrease in maintenance and repair needs, impacting the demand for downstream products and services.
Russia-Ukraine war had an adverse impact on automotive sector. It disrupted the flow of raw materials essential for the manufacturing and production flow. It led to price volatility, making it harder for the market to perform in the region. The sanctions on Russia led to reduced supply of the raw material components. Russia is a big exporter of aluminum body panels, aluminum engine blocks, wheels, and cylinder heads. Hence, the region around the war-affected area has suffered due to the unstable price, tariffs, and supply chain disruptions. Moreover, the spiked precious metal prices impact the automotive after sales market.
The automotive after sales market holds opportunities for original manufacturer, certified players, and uncertified players as well. The price range varies from one type of manufacturer to another. Key players try to accumulate quality and certification along with a reputation and track record. The companies try to enhance the quality up to OEM or OE, with long product range. Furthermore, the collaboration with original manufacturers, acquisition, and partnerships are working in favor of brand expansion.
In October 2023, Denso corporation and KOITO manufacturing co. Ltd introduced their partnership to utilize KOITO's expertise in lighting technology with DENSO's image sensor object recognition technology. The partnership will deliver an enhanced nighttime driving experience while improving vehicle safety and security.
In July 2023, Auto supplier Magna International announced their investment plan to expand their production facility. The company is expected to invest USD 790 million to build three new facilities. Two of these facilities will be housed at Ford Motor Co's BlueOval City campus.
In November 2023, an agreement was reached between BorgWarner and a leading global original equipment manufacturer (OEM) to supply BorgWarner's 400V High Voltage Coolant Heater (HVCH). The HVCH is expected to enter production in 2026.
All segments will be provided for all regions and countries covered:
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.