Market revenue in 2023 | USD 448,242.7 million |
Market revenue in 2030 | USD 589,011.4 million |
Growth rate | 4% (CAGR from 2023 to 2030) |
Largest segment | Tire |
Fastest growing segment | Turbochargers |
Historical data covered | 2017 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Tire, Battery, Brake Parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers |
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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 22.37% in 2023. Horizon Databook has segmented the Global 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.
Automotive industry has been witnessing significant technological innovations for the past many years. Despite the decline in the overall production of vehicles in 2018 and the first half of 2019, the demand for automotive aftermarket glass is anticipated to prevail over the forecast period due to increasing production of commercial vehicles.
Rising production of commercial vehicles represents a growth opportunity for automotive aftermarket glass market in the long term. This can be attributed to the fact that automotive glass needs to be replaced after a certain prolonged period of time since the quality and visibility of automotive glass decreases with time.
The below charts depict the production of light commercial vehicles in different regions between 2015 and 2019. Increasing global production of light commercial and heavy commercial vehicles means rising vehicle fleet size in operation around the world. Increasing vehicle fleet size indicates wider consumer base for aftermarket automotive glass.
Horizon Databook provides a detailed overview of global-level data and insights on the Global automotive aftermarket market , including forecasts for subscribers. This global databook contains high-level insights into Global automotive aftermarket market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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