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Market Overview of Global DIY Automotive Aftermarket market:
According to our latest research, the global DIY Automotive Aftermarket market looks promising in the next 5 years. As of 2022, the global DIY Automotive Aftermarket market was estimated at USD XX million, and it's anticipated to reach USD XX million in 2028, with a CAGR of XX% during the forecast years.
Automotive aftermarket is the auto industry's after-sale market. Aftermarket includes vehicle parts, equipment, replacement tires, service repair, collision repair and accessories, sold after the sale of the original vehicle. DIY (Do it yourself) is the method of modifying, or repairing things by oneself without the direct aid of professionals. The DIY automotive aftermarket is when consumers buy auto parts, such as filters, glass and lighting products, which are typically less technical and easier to install, to do their own car repairs and maintenance, among other things.
Upstream and downstream interactions will cause business disruption
First of all, due to the impact of the epidemic, it is difficult for the procurement and transportation of raw materials and equipment to be in place in a timely manner, and upstream enterprises affect the work progress of mid- and downstream enterprises. Second, manufacturing companies in the DIY Automotive Aftermarket industry are affected to varying degrees, and companies re-examine investment expansion strategies, especially productive investment expansion strategies. They will re-create production plans based on the current epidemic situation and market supply and demand; at the same time, production and delivery delays due to poor logistics may lead to loss of customers if the customer's delivery time requirements do not meet the contractual requirements.
Digital transformation
The global COVID-19 epidemic has made enterprises fully aware of the huge energy contained in digitalization, attach importance to the rapid development of digital technology, implement the application of digital technology in enterprises, and deploy forward-looking development plans for digital technology. The digital upgrade of enterprise-related business has become an important development direction. DIY Automotive Aftermarket manufacturers actively build a digital business form and build a data-based operation system.
The increase in the service life of the car drives the development of the DIY automotive aftermarket
Owners of older vehicles have a higher demand for repairs and maintenance than new car users, as well as a higher demand for auto parts, thus promoting the overall e-commerce automotive aftermarket demand. Based on the experience of benchmarking international vehicle data, after the vehicle is more than 5 years old, it will usher in the peak period of large-scale maintenance. The average service life of a car on American roads is about 12.2 years. Car age is at an all-time high. The global microchip shortage, combined with associated supply chain and inventory challenges, are the primary factors pushing US average vehicle age higher. Chip supply constraints have caused continued parts shortages for carmakers, who have been forced to cut production. The constrained supply of new cars and light trucks, amid a strong demand for personal transportation, could have influenced consumers to continue operating their existing vehicles longer, as inventory levels for both new and used vehicles were decreased across the industry. As the service life of automobiles continues to rise, the demand for repairs and maintenance continues to rise, promoting the development of the DIY automobile aftermarket.
Intellectual property infringement problem
OEMs have attempted to use claims of intellectual property infringement against manufacturers and distributors of aftermarket products to restrict or eliminate the sale of aftermarket products that are the subject of the claims. Automotive aftermarket company may receive, communications alleging that certain products they sell infringe the patents, copyrights, trademarks and trade names or other intellectual property rights of OEMs or other third parties. For example, the OEMs have brought such claims in federal court and with the United States International Trade Commission. The United States Patent and Trademark Office records indicate that OEMs are seeking and obtaining more design patents and trademarks than they have in the past. This could limit the ability to sell aftermarket parts covered by patents or trademarks, which could adversely affect business.
Company Overview:
Robert Bosch is one of the major players operating in the DIY Automotive Aftermarket market, holding a share of 2.95% in 2023.
Robert Bosch
The Bosch Group is a leading global supplier of technology and services. It employs roughly 402,600 associates worldwide. The company generated sales of 78.7 billion euros in 2021. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
Denso
DENSO Corporation is a global automotive components manufacturer headquartered in the city of Kariya, Aichi Prefecture, Japan. After becoming independent from Toyota Motor, the company was founded as Nippon Denso Co. Ltd. in 1949.
Segmentation Overview:
By type, Tires segment accounted for the largest share of market in 2022.
Application Overview:
In the DIY Automotive Aftermarket market, 53.09% of the total value was generated through the Big Box segment by application in 2022.
Specialty Auto Retailers
Specialty Auto Retailers refers to U.S. aftermarket auto parts and accessories retailers with multiple offline stores. Such as: AutoZone.
Big Box
A big-box is a retail store that occupies an enormous amount of physical space and offers a variety of products to its customers. These stores achieve economies of scale by focusing on large sales volumes. Because volume is high, the profit margin for each product can be lowered, which results in very competitively priced goods. The term "big-box" is derived from the store's physical appearance. Such as: Walmart.
Online Players
Online Players provide online shopping platforms that allow consumers to purchase goods or services over the Internet using a web browser or mobile application. Consumers find products of interest by visiting websites directly or by using shopping search engines. For example: Amazon and eBay.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global DIY Automotive Aftermarket market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global DIY Automotive Aftermarket Market Report:
Market Size Estimates: DIY Automotive Aftermarket market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: DIY Automotive Aftermarket market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the DIY Automotive Aftermarket market
Segment Market Analysis: DIY Automotive Aftermarket market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: DIY Automotive Aftermarket market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the DIY Automotive Aftermarket Market: Revenue and sales volume of major countries in each region
DIY Automotive Aftermarket Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the DIY Automotive Aftermarket market in major regions.
DIY Automotive Aftermarket Industry Value Chain: DIY Automotive Aftermarket market raw materials & suppliers, manufacturing process, distributors, downstream customers
DIY Automotive Aftermarket Industry News, Policies & Regulations
Key players in the global DIY Automotive Aftermarket market are covered in Chapter 12:
3M Company
Robert Bosch
Michelin
Continental AG
ACDElco
Valeo Group
HELLA KGaA Hueck & Co.
Delphi
Federal-Mogul
Goodyear Tire and Rubber Company
Denso
Magna International Inc.
Honeywell International
In Chapter 2 and Chapter 15.1, based on types, the DIY Automotive Aftermarket market from 2018 to 2028 is primarily split into:
Tires
Washer Fluid
Transmission Fluids
Antifreeze
Batteries
Brake Parts
Filters
Glass
Lighting Products
Wiper Blades
Air Conditioning
Electrical Parts
In Chapter 3 and Chapter 15.2, based on applications, the DIY Automotive Aftermarket market from 2018 to 2028 covers:
Specialty Auto Retailers
Big Box
Online Players
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the DIY Automotive Aftermarket market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028