The global automotive aftermarket size was valued at usd 378. We cover news and statistics from sema, aasa, can and the auto care association, as well as other news on the auto parts industry. The automotive aftermarket industry association aaia is a notforprofit trade association for the automotive aftermarket that represents suppliers, distributors, retailers, service providers, educators, and publishers. This trade association consists of a diverse group of manufacturers, distributors, retailers, publishing companies, auto restorers, street rod. Automotive aftermarket industry trends global report 2026. Inwestern europe,thecompetitive intensit yiscurrentlyataratherhigh leve l,accordingtotherespondents. Automotive aftermarket suppliers association the voice for the. The primary objective of the outlook is to offer updated market value on the replacement parts, accessories and services that gives a rise to automotive aftermarket in asiapacific. At the same time, digital channels are quickly transforming the way people shop for cars and automotive aftermarket products, creating new opportunities to engage with consumers in both online and brickandmortar channels. Automotive aftermarket industry digitization trends to leave a remarkable footprint on the market share. With all of these shifts taking place, leading businesses turn to us to understand u.
We also look at the impact of coronavirus and covid19 on the auto industry. Automotive aftermarket industry association listed as aaia. The automotive aftermarket is the secondary market of the automotive industry, concerned with. Automotive aftermarket industry revenue growth, reported. The global automotive aftermarket industry report provides an overview of market size, share with a detailed analysis of future forecast, growth drivers, key players, and includes the market segmentation of automotive aftermarket industry. Automotive aftermarket industry association how is. December 2015 was the warmest and wettest december on record, and all 29 aftermarket categories saw growth after a weak december 2014.
About us automotive aftermarket suppliers association. Our website uses cookies to deliver our services, analyze user data and provide a better user experience. The us automotive aftermarket is expected to grow at a compound annual rate of 3. The automotive industry in japan rapidly increased from the 1970s to the 1990s when it was oriented both for domestic use and worldwide export and in the 1980s and 1990s, overtook. Us automotive parts industry annual assessment pdf. Automotive industry, all those companies and activities involved in the manufacture of motor vehicles, including most components, such as engines and bodies, but excluding tires, batteries, and fuel. Get more details on this report request free sample pdf. Search careerbuilder for automotive aftermarket auto parts jobs and browse our platform. The automotive industry in japan rapidly increased from the 1970s to the 1990s when it was oriented both for domestic use and worldwide export and in the 1980s and 1990s, overtook the u. This research compiles findings from various deliverables published over the past two years. Learning from past disruptions in other industries, we know that not having the requisite strategies to cope with these disruptions can lead to decline not just for. The automotive aftermarket suppliers association aasa exclusively represents the north american aftermarket supplier industry. The industry is composed of companies that manufacture, distribute and install automotive replacement.
May 02, 2017 automotive aftermarket size is estimated to record a yoy growth rate of more than 4. This will continue to further liberalize the automotive aftermarket and increase competition in the parts and service. The automotive industry has seen a continuation of global growth in 2017 however. Aftermarket, essentially the market for accessories, spare parts, and other related components of motor vehicles, deals with the production, installation, distribution, marketing, and sale of these vehicle components.
The aftermarket in the automotive industry 3 1 executive summary 4. A love for cars, trucks and suvs is the motivating force behind the specialty equipment market association sema. Japan has been in the top three of the countries with most cars manufactured since the 1960s, surpassing germany. Join aasa automotive aftermarket suppliers association. Automotive industry associationcanada aia is a national trade association representing the automotive aftermarket industry in canada. Automotive after market, however, encounters negative setback in form of stringent policies by government, dearth of labor, and loopholes in record retrieving systems for older vehicles. Auto care association automobile industry analysis. Automotive aftermarket industry s pace of cumulative 12 months sales growth in 1 q 2020 accelerated to 6. The aftermarket is the part of the automotive industry sector comprising the automotive services and. The automotive industry in japan is one of the most prominent and largest industries in the world. Industry responds strongly to autocare 2018 14 july 2017. Five trends transforming the automotive industry pwc.
Automotive industry trends affecting component suppliers. However,therussian automotivemarketh asb enh vily h. The automotive aftermarket is the secondary market of the automotive industry. The automobile industry is working to make sure that there is a fair and balanced automotive aftermarket in which consumers can access reliable, costeffective repair and maintenance services that ensure the correct treatment of their vehicles over the course of their lifecycles.
The global automotive aftermarket is expected to reach usd 486. The market is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, appearance, along with other aspects. The industry includes retailers of new and used automobile parts. Global automotive supplier study 2018 roland berger. Aasa is recognized as one of the nations strongest and most prominent trade organizations with more than 110 years of experience, aasas sole mission is to help members, the aftermarket suppliers, to be more profitable, innovative. Titan chemicals serves the automotive industry with oem approved formulations. Learn the latest automotive aftermarket trends for 2020, with our interpretation and analysis. Its 23,000 members manufacture, distribute, sell, and install vehicle parts. About the authors bernd heid is a senior partner in mckinseys cologne office, christian huth and geng wu are consultants in the berlin office, and sebastian kempf is a partner in the dusseldorf office.
It is truly a global industry with automakers from the united states, europe, japan and korea producing cars and automotive parts for consumers around the world. Jan 03, 2011 happy new year for the automotive aftermarket industry. Commoditization of hardware parts and disaggregation of systems will exert. Responding to market demands efficiently whilst multinational automotive firms are gaining market share and strengthening their brands in asia, an intelligent approach that can maximise the value from the supply chain and meet the critical. Automotive aftermarket, frequently referred to as secondary market, manufactures and supplies spare parts, accessories and other components for various automobiles. The rapidly increasing international trade in vehicles and advanced technological developments have been propelling automotive aftermarket industry growth in the recent years. Their name was changed to auto care association in 2014. At the automotive aftermarket suppliers association aasa, we are equipped to help aftermarket suppliers drive their business forward through experience based on a legacy of supplier innovation. Thus, value creation and business models in the automotive. Search sales representative automotive aftermarket jobs. Aces stands for aftermarket catalog enhanced standard. The australian automotive aftermarket industry has responded strongly to the recent launch of autocare 2018, the national two day, sydney based convention designed specifically for automotive aftermarket parts, service and repair professionals to be held on may 4 and 5, 2018. Global vehicles in operation will increase sharply over the 20162020 period, driving new opportunities for light vehicle parts and service providers. Aftermarket demand for automotive components in north america is forecast to expand 2.
Unmatched expertise in government policies and regulations. Automotive aftermarket market size in north america by. The automotive industry is also at the forefront of innovation. Discover all statistics and data on automotive industry in japan now on. It features listings of top automotive aftermarket suppliers and the annual techline directory pullout poster.
This graph shows the size of the automotive aftermarket in the united states from 2010 to 2018, and gives projections through 2022. In 2018 india was the worlds 4th largest manufacturer of cars and 7th largest manufacturer of commercial vehicles. Some of the key challenges the automotive industry needs to focus on include. There are 11,653 automotive aftermarket job openings. Download ready for inspectionthe automotive aftermarket in 2030, the full report on which this article is based pdf 7. Dramatic changes are ahead for the automotive aftermarket, a segment that has been a major and stable profit contributor to the automotive industry in general. The industrys principal products are passenger automobiles and light trucks. These include changing customer expectations, accelerated adoption of new technologies, and shifts in competitive power. Jan 14, 2017 44 terrific automotive aftermarket industry trends jan 14, 2017 jun 1, 2016 by brandon gaille since the recession years of 20072009, the automotive aftermarket industry has been able to recover and see some growth. Automotive industry is enormous in western europe, eastern europe, russia, china, and india.
This trade association consists of a diverse group of manufacturers, distributors, retailers, publishing companies, auto restorers, street rod builders, restylers, car clubs, race teams and more. The auto industry and the environment and road safety. Employment in the automotive industry the auto industry is a huge contributor to the well being of people and society, with millions of people living from the automobile. Happy new year for the automotive aftermarket industry. Aaia auto aftermarket industry association aaia is a bethesda, md. Created by auto care association, aces is the north american industry standard for the management and exchange of automotive catalog applications data. It is one of the vigorous, highly complex, and competitive markets that are generally concerned with retailing, manufacturing, remanufacturing, and distribution.
Sales representative automotive aftermarket jobs glassdoor. Glassdoor lets you search all open automotive aftermarket jobs. How will 2011 be for the automotive aftermarket industry. Indian automotive industry including component manufacturing is expected to reach inr1618 trillion usd251283. The 2019 aasa top aftermarket suppliers list, jointly produced again this year by aasa and babcox media, is now available. Automotive aftermarket industry size, share, trends report. New 2020 automotive aftermarket trends you should know. The economic impact of the motor vehicle parts manufacturing industry on the united states august 2016. With aces, suppliers can publish automotive data with standardized vehicle attributes, parts classifications and qualifier. The aftermarket in the automotive industry 9 competitive situation in the aftermarket similartomarketpotent ialand marketgrowth,the currentand futureco mpetitivesituationinthe aftermarke tdiffersdependingonthe r egion. Automotive aftermarket 20182024 industry share forecast. The automotive industry is the largest manufacturing sector in the united states. A changing automotive market in asia over the last decade the global automotive industry has undergone the greatest transformation it has experienced in its history. This is expected to drive the growth of automotive aftermarket in the u.
Automotive aftermarket industry size, growth and trends. Ojaswita kutepatil share while iot connected vehicles and driverless cars have been drawing all the buzz lately in automotive world, the automotive aftermarket industry segment is witnessing a fundamental shift subject to changing consumer. Aaaa news australian automotive aftermarket association. Automotive aftermarket industry digitization trends to. Within retail sector only one industry has achieved higher revenue growth. Aftermarket industry provides services such as repair and maintenance for the vehicles. The worlds automotive industry the worlds automobile industry made over sixty. Get more details on this report request free sample pdf automotive aftermarket, frequently referred to as secondary market, manufactures and supplies spare parts, accessories and other components for various automobiles.
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