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Asia Pacific Automotive Aftermarket Trends, Analysis & Forecast,2027

Automotive parts manufacturers are rapidly making a shift towards online platforms, due to the myriad advantages provided by these platforms, such as discounts and parts comparison opportunities. The penetration of e-Commerce in the automotive aftermarket in the Asia Pacific was around 5-8% in 2020. Likewise, the rising investment of business ventures in online platforms to boost their wholesale automotive parts procurement will also drive automotive aftermarket business expansion across the APAC region. The Asia Pacific automotive aftermarket size is expected to cross $190 billion by 2027.

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Asia Pacific Automotive Aftermarket Trends, Analysis & Forecast,2027

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  1. Asia Pacific Automotive Aftermarket Report 2021-2027: Industry Growth And Top Company Profiles

  2. Industry Insights: • Asia Pacific automotive aftermarket share is set to register prolific growth over the foreseeable future. This is driven by the increasing consumption of automotive components and accessories for maintenance and repair purposes. The strong demand for used vehicles in countries like Indonesia and China, alongside the rapid upgradation and digitalization of vehicles, will also escalate the automotive aftermarket demand in the region. • Automotive parts manufacturers are rapidly making a shift towards online platforms, due to the myriad advantages provided by these platforms, such as discounts and parts comparison opportunities. The penetration of e-Commerce in the automotive aftermarket in the Asia Pacific was around 5-8% in 2020. Likewise, the rising investment of business ventures in online platforms to boost their wholesale automotive parts procurement will also drive automotive aftermarket business expansion across the APAC region. The Asia Pacific automotive aftermarket size is expected to cross $190 billion by 2027.

  3. Considering the product, the replacement parts segment is set to hold an appreciable share in the Asia Pacific automotive aftermarket by 2027. This is a result of the availability of the product in a wide variety of choices and the cost-effectiveness of aftermarket parts as compared to those produced by the OEMs. • Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3076 • On the other hand, the Asia Pacific automotive aftermarket from the accessories segment is poised to depict around 7% CAGR through 2027. Growth from this segment is attributable to the increasing adoption of automotive accessories to enhance the aesthetic appeal of the interior and exterior and ensure strong protection of the vehicles.

  4. Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/asia-pacific-automotive-aftermarket Chapter 5 Asia Pacific Automotive Aftermarket, By Sales Outlet 5.1 Asia Pacific automotive aftermarket share by sales outlet, 2020 & 2027 5.2 Professional 5.2.3 Quick lubes 5.2.3.1 Market estimates & forecast, 2017 – 2027 5.2.3.2 Market estimates & forecast, by country, 2017 – 2027

  5. 5.2.4 Garages & service stations 5.2.4.1 Market estimates & forecast, 2017 – 2027 5.2.4.2 Market estimates & forecast, by country, 2017 – 2027 5.2.5 Automobile dealerships 5.2.5.1 Market estimates & forecast, 2017 – 2027 5.2.5.2 Market estimates & forecast, by country, 2017 – 2027 5.2.5 Automobile dealerships 5.2.5.1 Market estimates & forecast, 2017 – 2027 5.2.5.2 Market estimates & forecast, by country, 2017 – 2027

  6. Region: • From a country-level perspective, the Japan automotive aftermarket is poised to register revenue of over $25 billion by 2027. This is a result of the robust presence of automotive manufacturers and significant automobile production across the region. In addition, the rollout of various auto-aftermarket services by regional players like Sumitomo Corporation will also foster the regional industry trends over the forthcoming years.

  7. Key Players • ZF FRIEDRICHSHAFEN AG • Delphi Automotive PLC • Toyota Motor Corporation • Aisin Seiki • Akebono Brake Corporation • ALCO Filters Ltd. • ACDelco • Hyundai Mobis Co. Ltd. • Denso Corporation

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