Five factors that will shape the future of the global automotive aftermarket

Table of Contents

• DATAMONITOR VIEW
  • CATALYST
  • SUMMARY
  • METHODOLOGY
• ANALYSIS
  • Global aftermarket sales will continue to increase
    • Growth disparities by region highlights importance of developing markets
  • Uneven patterns of car parc growth will change the relative importance of developed and developing markets
    • Car parc growth varies significantly depending on region and market maturity
    • Car parc growth will have a positive impact on aftermarket spend, but its effect will be mixed
  • Trends towards better quality and more technical products will have a negative impact on volume growth
    • Product quality improvements have a negative impact on volume, a positive impact on price
    • Impact on the "Do it for me" trend
  • Rising commodity prices will increase market value but could squeeze margins
    • Commodity price rises feed through to average aftermarket prices
    • Consequences at the retail level
  • Trend towards remanufactured products will require manufacturers to develop new skills
    • Conflicting trends in the market for pre-used car parts
    • Market dynamics for re-manufactured parts are positive
  • Continued merger and acquisition activity will make competition more aggressive
• APPENDIX
  • Further reading
  • Ask the analyst
  • List of Tables
    • Table 1: Selected M&A activity amongst aftermarket retailers and service providers highlights the role of private equity
  • List of Figures
    • Figure 1: Global aftermarket sales continue to rise, driven largely by developing markets
    • Figure 2: Car parc volume and spend per car are the two main factors which determine the aftermarket value
    • Figure 3: Falling replacement volumes and an increased importance of developing markets push down global spend per car
    • Figure 4: Average spend per car forecast to decline in Japan and Western Europe, but to grow in developing markets
    • Figure 5: US, Western Europe and Japan will remain the biggest aftermarket regions, with Asia outside Japan showing the strongest growth
    • Figure 6: Asia excluding Japan, Africa / Middle East and Latin America are forecast to record the strongest growth in car parc