Japan Automotive After Market Size & Outlook, 2023-2030
Japan automotive aftermarket market, 2017-2030 (US$M)
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Japan automotive aftermarket market highlights
- The Japan automotive aftermarket market generated a revenue of USD 22,466.5 million in 2023 and is expected to reach USD 31,175.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement part in 2023.
- Turbochargers is the most lucrative replacement part segment registering the fastest growth during the forecast period.
Automotive aftermarket market data book summary
| Market revenue in 2023 | USD 22,466.5 million |
| Market revenue in 2030 | USD 31,175.8 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Turbochargers |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake Parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers |
| Key market players worldwide | 3M Co, Continental AG, Goodyear Tire & Rubber Co, Denso Corp, HELLA GmbH & Co KGaA, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, Japan accounted for 5.0% of the global automotive aftermarket market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China automotive aftermarket market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,645.3 million by 2030.
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Automotive Aftermarket Market Scope
Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan automotive aftermarket market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive aftermarket market will help companies and investors design strategic landscapes.
Tire was the largest segment with a revenue share of 23.16% in 2023. Horizon Databook has segmented the Japan automotive aftermarket market based on tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, exhaust components, turbochargers covering the revenue growth of each sub-segment from 2017 to 2030.
According to the Statistics Bureau of Japan, the number of vehicles that were in operation in Japan was 75.3 million units in 2018.
The traffic mortality rate in 2017, according to WHO, was estimated at 3.04 per 100,000 inhabitants, which was significantly lower as compared to that in other countries in the region, such as India and China. As a result, Japan is likely to witness slower growth as compared to the aforementioned emerging economies, such as India and China, in the region.
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Target buyers of Japan automotive aftermarket market databook
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Our clientele includes a mix of automotive aftermarket market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Japan automotive aftermarket market , including forecasts for subscribers. This country databook contains high-level insights into Japan automotive aftermarket market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan automotive aftermarket size, by replacement part, 2017-2030 (US$M)
Japan Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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