Global Passenger Car Market Report Post-Market 2021: COVID-19 Impact Analysis and Forecast to 2030 – ResearchAndMarkets.com



The “Global Passenger Car Market Report Post-Market 2021: Growth and Change of COVID-19 to 2030” the report was added to ResearchAndMarkets.com offer.

The global passenger car aftermarket market is expected to grow from $ 230.17 billion in 2020 to $ 247.49 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The market is expected to reach $ 289.37 billion in 2025 at a CAGR of 4%.

The main players in the passenger car aftermarket are Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M Company and Delphi Automotive PLC.

The passenger car secondary market comprises sales of spare parts and aftermarket services for passenger cars. Companies operating in the passenger car aftermarket (parts and services) manufacture, remanufacture, distribute, retail and install vehicle spare parts, equipment, repair services and automotive accessories. The market includes sales of tires, batteries, brake parts, filters, lights and electronic components.

The passenger car aftermarket covered in this report is segmented by type into tires, battery, brake parts, filters, body parts, lighting, wheels, exhaust components, turbochargers, etc. It is also segmented by distribution channel into retailers (OEMs, repair shops), wholesalers and distributors and by certifications into original parts, certified parts, non-certified parts.

Many companies offer extended warranties to third parties on vehicle parts or services, which in turn hinders the growth of independent service providers. Extended warranties are given on a vehicle part / service to increase the life of a vehicle, resulting in free service or discounts for the consumer.

Since all warranty repairs are performed only by the OEM (Original Equipment Manufacturers), the aftermarket sales and service market, generated primarily by dealer service centers, suffers a loss. According to the Motor & Equipment Manufacturers Association (MEMA) of California, for all light vehicles, extended warranties have not had an effect on independent repair shops.

The passenger car aftermarket uses 3D printing technology, also known as additive manufacturing (AM), to manufacture high-quality, out-of-the-box auto parts using 3D printers capable of printing into metals. and alloys. 3D printing works by creating a virtual 2D object in software and building the 3D frame using the printer.

The use of 3D printing in the production of auto parts increases efficiency and raises the production standards of companies. Companies (original equipment manufacturers) like General Motors, BMW, Ford and Porsche have already started to invest in this trend.

Increasing the average lifespan of a car is one of the main drivers of the passenger car aftermarket as it leads to an increase in the regular consumer maintenance and scheduled maintenance of the vehicle. Car life describes the maximum life span in terms of mileage and time. Changing wheels, batteries, spark plugs, air filters play an important role in extending the life of a vehicle.

The industry is regulated by several regulations governed by multiple international and national agencies. One example of such a regulatory body is the United States National Highway Traffic Safety Administration (NHTSA). lamps, reflective devices and associated lighting equipment for passenger cars as well as other multi-purpose passenger vehicles.

As defined in the CFR, the purpose of section 571 is to establish regulatory standards relating to lighting equipment in vehicles to be followed by motor vehicles, including passenger cars. The standards also specify the points where equipment such as headlights must be mounted in vehicles so as to make them easily visible on public roads both in daylight and in the dark or in other driving conditions. reduced visibility, reducing traffic accidents, fatalities and injuries.

Main topics covered:

1. Summary

2. Characteristics of the passenger car aftermarket

3. Passenger cars after the market Market trends and strategies

4. Impact of COVID-19 on passenger cars after the market

5. Passenger cars after market size and growth

5.1. Global historic passenger car market after market, 2015-2020, in USD billion

5.1.1. Market pilots

5.1.2. Market restrictions

5.2. Global Passenger Car Market Forecast Market After Market, 2020-2025F, 2030F, in USD Billion

5.2.1. Market pilots

5.2.2. Market restrictions

6. Passenger cars after market segmentation

6.1. Global passenger car aftermarket market, segmentation by type, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion

  • Tires

  • Drums

  • Brake parts

  • Filters

  • Parts of the body

  • Lighting

  • wheels

  • Exhaust components

  • Turbochargers

  • Others

6.2. Global passenger car aftermarket market, segmentation by distribution channel, history and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion

  • Retailers (OEM

  • repair shops)

  • Wholesalers and distributors

6.3. Global passenger car aftermarket market, segmentation by certification, history and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars

  • Authentic pieces

  • Certified parts

  • Non-certified parts

7. Regional and national analysis of the aftermarket passenger car market

7.1. Global passenger car aftermarket market, divided by region, historical and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars

7.2. Global passenger car aftermarket market, divided by country, historical and forecast, 2015-2020, 2020-2025F, 2030F, in billions of dollars

Companies mentioned

  • Denso Corporation

  • Robert Bosch GmbH

  • Continental SA

  • 3M company

  • Delphi Automotive PLC

  • ZF Friedrichshafen AG

  • Magneti Marelli SpA

  • Cooper Tire & Rubber Company

  • Federal – Mughal Society

  • Goodyear Tire and Rubber Company

  • Aisin Seiki Co

  • Valeo

  • Sumitomo Electric Industries Ltd

  • Aptiv API

  • MAHLE GmbH

  • Schaeffler AG

  • ACDelco

  • Mobileye

  • Eaton

  • Schaeffler Technologies SA

  • Lear Corporation

  • Yazaki Corp

  • Akebono Brake Corporation

  • American axle and manufacturing

  • Bridgestone Company

  • Gates Company

  • Hyundai Mobis Co. Ltd

  • Kumho tires

  • Exide Technologies

  • Pirelli & CSpA

For more information on this report, visit https://www.researchandmarkets.com/r/xq14jc


Previous Markkanen: MCCA reimbursements arrive thanks to auto insurance reform
Next Jury decides fate of driver charged with manslaughter in fatal 2019 hurricane crash