The global automotive aftermarket size was valued at usd 378. While dollar sales have been accelerating since 20, unitquart sales have been down, and 2015 marked. Global automotive aftermarket industry pr newswire. All in all, more than 50 million people owe their job to the auto industry in the 39 countries investigated. Information technology in the automotive aftermarket.
This is expected to drive the growth of automotive aftermarket in the u. New light vehicle dealers will continue as the dominant service provider while quick lubes, tire stores and repair chains will lead gains. In north america, on the other hand, strong presence of leading auto. Yet, despite this competitive environment, since 2009 the u. Policies to promote more fuel efficient vehicles facing more difficult economics. Competitive positioning of the industry leaders has been evaluated in terms of sales, profitability, stock trend and other performance indicators reasons to buy provides input for strategic. Plus, each direct job induces at least 5 indirect jobs. Trade patterns are outlined, and key competitive trends in the global automotive industry and their implications for the u. The united states automotive industry is a critical component.
Titan chemicals serves the automotive industry with oem approved formulations. The automotive aftermarket has a current business value of about 800. Rapid expansion of etailing in the industry and its impact on distribution capacity, inventory and supply chain strategy is requiring rethinking distribution capabilities. Indian automotive industry including component manufacturing is expected to reach inr1618 trillion usd251283. Information technology in the automotive aftermarket when asked about breaches from external sources, 43% of respondents indicated they had a managed or optimized system to prevent breaches from external sources. Automotive aftermarket fortna helps automotive aftermarket companies deal with challenging and turbulent times.
The industrys principal products are passenger automobiles and light trucks. Oe suppliers account for up to 75 percent of total production and the demand for oe parts is closely tied to demand for new vehicles. The aapex show is part of the automotive aftermarket industry week held during the first week of november at the sands expo center in las vegas, nevada. The history of robotics in the automotive industry. The automotive industry in the united states began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world. S automotive parts industry has nearly doubled its exports. Data on automotive sales, production, retail and inventory, primarily in north america and europe. The automotive parts industry is largely divided into two categories. Auto industry chartbook 4q 2017 2 the replacement of vehicles damaged or destroyed by recent hurricanes boosted auto sales in september and october however, after the onetime effect of hurricanes recedes, sales of new. How the automobile differential allows a vehicle to turn a corner while keeping the wheels from skidding. Jefferies weekly global automotive aftermarket report. Mechanical services will remain the largest segment while electronics will grow the fastest.
Rapid expansion of etailing in the industry and its impact on distribution capacity, inventory and supply chain strategy is. The united states has one of the largest automotive markets in the world and is home to auto manufacturers. Jun 25, 2019 in early february 2012, however, news reports showed the multibillion dollar u. The aftermarket in the automotive industry 3 1 executive summary 4. Nov 12, 2012 advantages of investing in the automotive industry exemption from import duties on machinery, equipment and components art. 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, frequently referred to as secondary market, manufactures and supplies spare parts, accessories and other components for various automobiles. The history of robotics in the automotive industry ria.
Us automotive parts industry annual assessment pdf. We surveyed executives of european automotive manufacturers and conducted extensive interviews with industry experts from across the aftermarket spectrum. Automotive aftermarket industry size, growth and trends. This will continue to further liberalize the automotive aftermarket and increase competition in the parts and service. 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 industry analysis and strategic insights for business planning. The automotive industry includes industries associated with the production, wholesaling, retailing, and maintenance of motor vehicles. This industry is not formally defined in the north american industry classification system naics, but the bureau of labor statistics is referring to a group of detailed industries as the automotive industry for purposes of analysis. Auto industry chartbook 4q 2017 2 the replacement of vehicles damaged or destroyed by recent hurricanes boosted auto sales in september and october however, after the onetime effect of hurricanes recedes, sales of new vehicles are likely to return to a more modest path due to rising interest rates.
We address the benefits of finding and implementing the best order management platform for auto parts retail operation so they can provide the right assortment of products and services along with the best experience for. We strive to provide individuals with disabilities equal access to our. Automotive aftermarket market size in north america by. Our range of standards, certification, training and consultancy services help businesses throughout the automotive supply chain to be agile and continually improve.
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. Organizations need to respond and innovate to remain relevant. The aftermarket is the part of the automotive industry sector comprising the automotive services and. Automotive aftermarket size, share industry trends report, 2027. Solid gains in consumer and housing markets will support us growth, but an inventory correction will slow industrial production. However, the united states was overtaken as the largest automobile producer by japan in the 1980s, and subsequently by china in 2008. Motor vehicle parts manufacturing, naics 336211 and 3363.
Building cars to customer order has been the goal of volume vehicle manufacturers since the birth of mass production. Cars already incorporate vast stores of data to improve safety control mechanisms and maintenance suggestions. This report outlines many known elements and highlights tremendously important associations beyond the market space of manufacturing. Solid gains in consumer and housing markets will support us growth, but an inventory correction will slow industrial. Outlook for gcc automotive demand adam smith conferences. In the next years, ten trendsin three broad categorieswill fundamentally change the industry exhibit 1.
United states china japan germany france india brazil russia source. Us automotive aftermarket industry report albi dhimitri 2. In response to shifting consumer preferences, the variety of products supplied by the automotive industry has increased dramatically. It was a time period where the idea of cheap gas was shattered and the demand for more gas efficient cars increased. Auto care association is a coowner of the automotive aftermarket products expo aapex, the largest annual trade show for automotive aftermarket industry professionals.
Best practices for aftermarket auto parts retailers. Indepth analysis of the automotive aftermarket industry trends. Lifestyles have shifted toward the twowageearner family, and as a. From 2008 to 2012, manufacturers produced an average of over 8 million passenger vehicles annually in the united states. Local vehicles production increased in 2010 by 34% over 2009. About us automotive aftermarket suppliers association. The economic impact of the motor vehicle parts manufacturing industry on the united states august 2016. The automotive aftermarket is the secondary market of the automotive industry, concerned with.
This report assesses export opportunities and constraints for developing country suppliers in the u. Automobile industry university of california, berkeley. Get more details on this report request free sample pdf. This increase has prompted the need for service centers with modern equipment. Industrytrends despite strong new vehicle sales, the automotive aftermarket industry is poised for a positive future with steady growth. New 2020 automotive aftermarket trends you should know. However,therussian automotivemarketh asb enh vily h. The united states automotive industry is a critical. In 2018 india was the worlds 4th largest manufacturer of cars and 7th largest manufacturer of commercial vehicles. Competition remains intense three clear takeaways emerged from our analyses. Keys to drive the business ebook best practices for. Recent economic trends and changes to the industry have sharply increased the demand for automotive aftermarket parts.
Automotive aftermarket size, share industry trends. In early february 2012, however, news reports showed the multibillion dollar u. Overall, the united states is the worlds secondlargest market for vehicle sales and production. The global automotive parts industry is fiercely competitive, including large players in china, india and russia as well as traditional automotive powerhouses in the u. Its often said industrial robots have made their biggest mark in the automotive world but it took many decades of refinement for them to get there. Growth in the eurozone and japan will improve slightly, aided by monetary stimulus, currency depreciation, and pentup demand. Original equipment oe suppliers and aftermarket suppliers. The us automotive repair and maintenance services market will grow four percent annually. The united states has one of the largest automotive markets in the world. Aftermarket demand for automotive components in north america is forecast to expand 2. Automotive aftermarket suppliers association aasa, while there is no definitive source on the size of the aftermarkets etailing segment, one thing is certain etailing is one of the fastest growing segments in the automotive aftermarket. Developments in the automotive industry introduction.
Free industry insights on the automotive parts industry. The global automotive aftermarket is expected to reach usd 486. The united states automotive industry is a critical component of economic growth with extensive interconnections across the industrial and cultural fabric of the u. Advantages of investing in the automotive industry exemption from import duties on machinery, equipment and components art. In 2014, mexicos automotive industry will see its consolidation as one of the top countries in vehicle production and export, as a result of nissan, honda and mazdas new facilities opening in mexicos central region. The industrys principal products are passenger automobiles and light trucks, including pickups, vans, and sport utility vehicles. Employment in the automotive industry the auto industry is a huge. This graph shows the size of the automotive aftermarket in the united states from 2010 to 2018, and gives projections through 2022. Learning from past disruptions in other industries, we know that not having the requisite strategies to cope with these disruptions can lead to. It includes 535,000 individual businesses consisting of independent. This shows that aftermarket companies focus more on threats from external sources than internal ones. The automotive industry is being transformed by megatrends such as digitalization and globalization.
Our research identified trends that will shape competition in the coming years. Automotive aftermarket industry trends global report 2026. Digitization is transforming the automotive aftermarket industry. Automotive industry the us is home to different automotive manufacturers gm, ford, chrysler, honda,toyota, nissan, hyundaikia, bmw, mercedesbenz, volkswagen, mazda, mitsubishi, and subaru which produce an average of over 8 million. The auto industry and the environment and road safety.
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