Overview and Scope
The wholesale and distribution automotive aftermarket refer to the secondary market for the automotive that focuses on the wholesale and distribution of automobiles, their parts and related services after the original equipment manufacturer has sold the automobile to the consumer, whether or not those parts were made by the OEM.
Sizing and Forecast
The wholesale and distribution automotive aftermarket market size has grown strongly in recent years. It will grow from $224.35 billion in 2023 to $237.36 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to vehicle ageing population, increased vehicle ownership, extended vehicle lifespan, globalization of automotive production, e-commerce expansion.
The wholesale and distribution automotive aftermarket market size is expected to see strong growth in the next few years. It will grow to $304.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to electric and hybrid vehicle adoption, autonomous vehicle development, data analytics in maintenance, rise of mobility services, advanced materials in manufacturing. Major trends in the forecast period include product catalogs and SKU variety, predictive analytics for inventory management, private label and customized products, cross-border trading, mobile solutions for ordering.
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Segmentation & Regional Insights
The wholesale and distribution automotive aftermarket market covered in this report is segmented –
1) By Replacement Part: Tire, Battery, Brake parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Other Replacement Parts
2) By Certification: Genuine Parts, Certified Parts, Uncertified Parts
3) By Distribution Channel: Retailers, Wholesalers, Distributors
North America was the largest region in the wholesale and distribution automotive aftermarket market in 2023. Asia-Pacific is expected to be the fastest-growing region in the wholesale and distribution automotive aftermarket market share during the forecast period. The regions covered in the wholesale and distribution automotive aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing automotive industry is driving the wholesale and distribution automotive aftermarket market. The automotive industry comprises a diverse group of businesses and institutions engaged in the design, development, production, marketing, and sale of automobiles. Consumers’ changing interest and preference motivates automobile manufacturers to manufacture various styles and lines of automobiles. Technological advancement and the rise in economic conditions also lead to growth in the automotive industry. Automotive aftermarket aids the automobile industry by providing the spare parts needed by the customers when they buy a new or existing automobile. For instance, in 2021, according to the Society of Indian Automobile Manufacturers (SIAM), a not-for-profit apex national body representing all primary vehicle and vehicular engines, the automotive industry produced a total of approximately 23 million vehicles from April 2021 to March 2022, including passenger cars, commercial trucks, three-wheelers, two-wheelers, and quadricycles, compared to approximately 22.6 million units from April 2020 to March 2021. Therefore, the growing automotive industry is expected to propel the growth of the wholesale and distribution automotive aftermarket market.
Key Industry Players
Major companies operating in the wholesale and distribution automotive aftermarket market report are Robert Bosch GmbH, Denso Corporation, ZF TRW Automotive Holdings Corp, Continental AG, Magna International Inc., Aisin Seiki Co Ltd., 3M Company, Sumitomo Electric Industries Ltd., Valeo SA, Lear Corporation, Lear Corp, The Goodyear Tire & Rubber Company, Eaton Corporation plc, Tenneco Inc., Faurecia SA, Schaeffler AG, TRW Automotive Holdings Corp, BorgWarner Inc., Delphi Automotive plc, Yazaki Corporation, JTEKT Corporation, Dana Incorporated, DRiV Incorporated, Federal-Mogul Corporation, Mahle GmbH, NTN Corporation, Brembo SpA, Visteon Corporation, Hella GmbH & Co KGaA, Magneti Marelli S.p.A., Schrader International Inc., Hitachi Automative Systems Ltd., Knorr-Bremse Co Ltd., Marelli Holdings Co Ltd., Panasonic Corporation
The wholesale and distribution automotive aftermarket market report table of contents includes:
1. Executive Summary
2. Wholesale and Distribution Automotive AfterMarket Characteristics
3. Wholesale and Distribution Automotive AfterMarket Trends And Strategies
4. Wholesale and Distribution Automotive AfterMarket – Macro Economic Scenario
5. Global Wholesale and Distribution Automotive AfterMarket Size and Growth
…
32. Global Wholesale and Distribution Automotive AfterMarket Competitive Benchmarking
33. Global Wholesale and Distribution Automotive AfterMarket Competitive Dashboard
34. Key Mergers And Acquisitions In The Wholesale and Distribution Automotive AfterMarket
35. Wholesale and Distribution Automotive AfterMarket Future Outlook and Potential Analysis
36. Appendix
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