How will 2011 be for the automotive aftermarket industry. 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. December 2015 was the warmest and wettest december on record, and all 29 aftermarket categories saw growth after a weak december 2014. 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. Automotive aftermarket industry digitization trends to. Indian automotive industry including component manufacturing is expected to reach inr1618 trillion usd251283. The economic impact of the motor vehicle parts manufacturing industry on the united states august 2016. The automotive industry is also at the forefront of innovation. Auto care association automobile industry analysis. The automotive aftermarket suppliers association aasa exclusively represents the north american aftermarket supplier industry. This research compiles findings from various deliverables published over the past two years. This trade association consists of a diverse group of manufacturers, distributors, retailers, publishing companies, auto restorers, street rod.
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 industry trends global report 2026. Get more details on this report request free sample pdf. However,therussian automotivemarketh asb enh vily h. 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.
Within retail sector only one industry has achieved higher revenue growth. Us automotive parts industry annual assessment pdf. Learn the latest automotive aftermarket trends for 2020, with our interpretation and analysis. Automotive aftermarket industry revenue growth, reported. Titan chemicals serves the automotive industry with oem approved formulations.
The automotive industry is the largest manufacturing sector in the united states. Automotive industry associationcanada aia is a national trade association representing the automotive aftermarket industry in canada. Their name was changed to auto care association in 2014. 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. With aces, suppliers can publish automotive data with standardized vehicle attributes, parts classifications and qualifier. 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. Aces stands for aftermarket catalog enhanced standard. Some of the key challenges the automotive industry needs to focus on include. It is one of the vigorous, highly complex, and competitive markets that are generally concerned with retailing, manufacturing, remanufacturing, and distribution.
Aaaa news australian automotive aftermarket association. The industry is composed of companies that manufacture, distribute and install automotive replacement. New 2020 automotive aftermarket trends you should know. A love for cars, trucks and suvs is the motivating force behind the specialty equipment market association sema. This future market insights outlook examines the asiapacific automotive aftermarket market for the period 2015 2025. Happy new year for the automotive aftermarket industry. 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. The 2019 aasa top aftermarket suppliers list, jointly produced again this year by aasa and babcox media, is now available. Automotive aftermarket suppliers association the voice for the. Automotive aftermarket industry digitization trends to leave a remarkable footprint on the market share.
An assessment of its development article pdf available in international journal of automotive technology and management 112. 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. Aftermarket demand for automotive components in north america is forecast to expand 2. Jan 03, 2011 happy new year for the automotive aftermarket industry. 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. There are 11,653 automotive aftermarket job openings. Industry responds strongly to autocare 2018 14 july 2017. Search sales representative automotive aftermarket jobs. The industrys principal products are passenger automobiles and light trucks.
The expansion of the automotive sector has subsequently led to a wider demand for suitable and highgrade aftermarket parts and accessories, consequently generating a growth avenue for the automotive aftermarket industry. Automotive aftermarket, frequently referred to as secondary market, manufactures and supplies spare parts, accessories and other components for various automobiles. The worlds automotive industry the worlds automobile industry made over sixty. This will continue to further liberalize the automotive aftermarket and increase competition in the parts and service. Automotive aftermarket industry association how is. Glassdoor lets you search all open automotive aftermarket jobs. Automotive aftermarket industry s pace of cumulative 12 months sales growth in 1 q 2020 accelerated to 6. 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. This is expected to drive the growth of automotive aftermarket in the u. The automotive industry has seen a continuation of global growth in 2017 however. Japan has been in the top three of the countries with most cars manufactured since the 1960s, surpassing germany.
Sales representative automotive aftermarket jobs glassdoor. Global vehicles in operation will increase sharply over the 20162020 period, driving new opportunities for light vehicle parts and service providers. The asia pacific automotive aftermarket industry is expected to grow at a cagr of 6. 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. Inwestern europe,thecompetitive intensit yiscurrentlyataratherhigh leve l,accordingtotherespondents. Thus, value creation and business models in the automotive. Its 23,000 members manufacture, distribute, sell, and install vehicle parts. Automotive industry is enormous in western europe, eastern europe, russia, china, and india. Industry analysis and strategic insights for business planning. The us automotive aftermarket is expected to grow at a compound annual rate of 3. The automotive aftermarket is the secondary market of the automotive industry. 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. 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. Discover all statistics and data on automotive industry in japan now on.
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. It features listings of top automotive aftermarket suppliers and the annual techline directory pullout poster. Aftermarket industry provides services such as repair and maintenance for the vehicles. Our website uses cookies to deliver our services, analyze user data and provide a better user experience. The rapidly increasing international trade in vehicles and advanced technological developments have been propelling automotive aftermarket industry growth in the recent years. 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. This graph shows the size of the automotive aftermarket in the united states from 2010 to 2018, and gives projections through 2022. 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.
Automotive industry trends affecting component suppliers. Aaia auto aftermarket industry association aaia is a bethesda, md. Automotive aftermarket industry size, growth and trends. 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. 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.
About us automotive aftermarket suppliers association. The automotive aftermarket is the secondary market of the automotive industry, concerned with. Automotive aftermarket 20182024 industry share forecast. Automotive aftermarket industry association listed as aaia. 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 auto industry and the environment and road safety. With all of these shifts taking place, leading businesses turn to us to understand u. 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. These include changing customer expectations, accelerated adoption of new technologies, and shifts in competitive power. Five trends transforming the automotive industry pwc. The automotive industry in japan is one of the most prominent and largest industries in the world.
The global automotive aftermarket size was valued at usd 378. Download ready for inspectionthe automotive aftermarket in 2030, the full report on which this article is based pdf 7. Created by auto care association, aces is the north american industry standard for the management and exchange of automotive catalog applications data. Automotive aftermarket market size in north america by. 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. Global automotive supplier study 2018 roland berger. Search careerbuilder for automotive aftermarket auto parts jobs and browse our platform. We also look at the impact of coronavirus and covid19 on the auto industry. Automotive aftermarket industry size, share, trends report.
May 02, 2017 automotive aftermarket size is estimated to record a yoy growth rate of more than 4. 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. Formally known as the automotive aftermarket industry association aaia, the organization was established in july 1999 upon the consolidation of the automotive parts and accessories association apaa and the automotive service industry association asia. We cover news and statistics from sema, aasa, can and the auto care association, as well as other news on the auto parts industry. In 2018 india was the worlds 4th largest manufacturer of cars and 7th largest manufacturer of commercial vehicles. The aftermarket is the part of the automotive industry sector comprising the automotive services and. 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. Unmatched expertise in government policies and regulations. 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 industry includes retailers of new and used automobile parts. Commoditization of hardware parts and disaggregation of systems will exert. Join aasa automotive aftermarket suppliers association. The aftermarket in the automotive industry 3 1 executive summary 4.
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