Automotive Aftermarket Trends, Size & Forecast (2022–2028) | UnivDatos

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According to UnivDatos, The global automotive aftermarket is expected to grow at a significant rate of around 5% during the forecast period.

The global automotive aftermarket is rapidly evolving, and while North America and Europe have long been dominant markets, a new leader is accelerating ahead—Asia-Pacific (APAC). With rising vehicle ownership, economic growth, and digital adoption, APAC is projected to experience the fastest growth in the automotive aftermarket over the next decade.

Expected to grow at a steady CAGR of around 5% globally, the aftermarket industry is driven by vehicle maintenance, customization trends, and digital commerce. But in APAC, these trends are amplified by a large, young population, growing middle class, urbanization, and rising disposable income. This blog dives deep into why APAC is set to lead the global aftermarket surge, how regional dynamics differ, and what global companies need to do to stay competitive.

Access sample report (including graphs, charts, and figures): https://univdatos.com/reports/automotive-aftermarket?popup=report-enquiry

A Region on the Rise: What’s Fueling APAC’s Aftermarket Growth?

1. Expanding Vehicle Parc and Ownership

APAC countries like China, India, and Indonesia are witnessing a surge in vehicle ownership rates, both for passenger and commercial vehicles. As more people buy cars and keep them longer, the demand for: Spare parts Repair services Accessories and upgrades has risen dramatically.

This is especially true in urban centers where ride-sharing, delivery fleets, and high vehicle usage create ongoing needs for maintenance and parts replacement.

2. Rising Disposable Income and Urban Middle Class

With rising GDP per capita and an expanding middle-income population, consumers across APAC are investing more in:

 Vehicle personalization

Performance upgrades

Premium accessories

People are not only buying cars—they want to enhance them to reflect status, convenience, and style.

3. Growth of E-commerce and Mobile Platforms

APAC is leading the world in mobile-first commerce. Consumers in China, India, and Southeast Asia prefer to shop for auto parts and accessories online, where they can:

Compare prices

Access installation guides

Enjoy promotions and home delivery

This trend has led to a significant boost in the online distribution channel, which is the fastest-growing aftermarket sales platform.

Regional Highlights: Who’s Driving Growth in APAC

China: The Global Giant

China is the largest automotive market in the world, and its aftermarket is catching up quickly. Factors contributing to this boom include:

A rapidly aging vehicle fleet

High rate of domestic vehicle production

Technological innovation in parts manufacturing

Government support for digital auto commerce

In addition, Chinese consumers are increasingly embracing electric vehicles (EVs), which is creating a new aftermarket segment focused on battery systems, EV-specific components, and smart diagnostics.

India: Fast-Paced and Cost-Sensitive

India represents a massive opportunity, especially in two-wheelers, compact cars, and small commercial vehicles. The country’s aftermarket is growing due to:

Increasing vehicle sales in tier-2 and tier-3 cities

Focus on affordable maintenance and refurbished parts

Expansion of mobile mechanic and repair services

Local manufacturing initiatives (e.g., “Make in India”)

India’s cost-conscious market makes it ideal for independent aftermarket (IAM) players and local brands offering competitive alternatives to OEM parts.

Japan: Mature but Tech-Driven

While Japan has a mature vehicle market, it continues to innovate in aftermarket electronics, infotainment systems, and hybrid vehicle components. Japanese companies are also leading in exports of high-performance and luxury vehicle parts.

Key Market Drivers in APAC Aftermarket

1. Focus on Performance and Customization

Across the region, especially among younger demographics, there’s a growing demand for:

Smart infotainment systems

LED lighting upgrades

Alloy wheels and premium tires

ADAS (Advanced Driver Assistance Systems) retrofits

Aftermarket companies are responding by offering region-specific product lines tailored to local tastes and road conditions.

2. Government Regulations and Road Safety

Many APAC governments are enacting stricter road safety and emission norms. This leads to:

Mandatory part replacements (e.g., braking systems, exhaust systems)

Growth in demand for certified aftermarket components

Rising adoption of eco-friendly parts and recyclable materials

Such regulatory frameworks are indirectly fueling the expansion of the organized aftermarket sector.

3. Strategic Partnerships and Investments

Global players are investing heavily in APAC through partnerships, acquisitions, and local manufacturing. For instance:

In April 2021, Lippert Components Inc. acquired Kaspar Ranch Hand Equipment, extending its footprint in the region’s aftermarket space.

Global giants like Bosch, Valeo, and DENSO continue to grow their regional presence through R&D and e-commerce partnerships.

Online vs. Offline: How APAC is Rewriting the Distribution Playbook

Unlike traditional Western markets, where offline brick-and-mortar stores still dominate, APAC is fast shifting toward online aftermarket sales. This is due to:

High smartphone penetration

Strong logistics networks in urban areas

Consumer preference for digital-first interactions

Major online marketplaces like Alibaba (China), Flipkart and Amazon (India), and Tokopedia (Indonesia) are becoming key platforms for auto part sales.

However, offline stores still play a critical role in rural areas and for installation support, which is often bundled with product purchases.

Challenges in the APAC Aftermarket

While the opportunities are vast, the market faces some hurdles:

Fragmented supplier base and informal repair networks in developing economies

Counterfeit parts threatening consumer trust and brand reputation

Lack of standardized certification for aftermarket components in certain regions

Tackling these issues will be essential for brands looking to scale operations and establish loyalty.

Click here to view the Report Description & TOC: https://univdatos.com/reports/automotive-aftermarket

Conclusion: APAC's Aftermarket Acceleration Is Just Beginning

Asia-Pacific is not just a promising market for the automotive aftermarket—it is the engine of global growth for the industry. With rising consumer sophistication, digital adoption, and economic expansion, this region presents immense opportunities for both global and regional aftermarket players.

To succeed in APAC, companies must:

Embrace localization and regional customization·        

Build robust online sales infrastructure

Offer value-added services like installation support, warranties, and diagnostics

Address trust issues with quality assurance and transparency

As the region continues to accelerate, it’s clear: the road to the future of the automotive aftermarket runs through Asia.

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