World Automotive Aftermarket
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Study Publication Date: April 2001 Freedonia Industry Study #1408 Price: $4,500 Pages: 408 World Automotive Aftermarket World Automotive Aftermarket, a new study from The Freedonia Group, provides you with an in-depth analysis of the major trends in the world automotive aftermarket and the outlook for product segments -- critical informa- tion to help you with strategic planning. This brochure gives you an indication of the scope, depth and value of Freedonia's new study, World Automo- tive Aftermarket. Ordering information is included on the back page of the brochure. Brochure Table of Contents Study Highlights ............................................................................... 2 Study Table of Contents and List of Tables and Charts ................... 4 Sample Pages and Tables from: Market Environment.................................................... 6 World Supply and Demand.......................................... 7 Supply and Demand by Country and Region............... 8 Industry Structure ........................................................ 9 Company Profiles ...................................................... 10 List of Companies Profiled ........................................ 11 Forecasting Methodology ............................................................... 12 About the Company ....................................................................... 13 Advantages of Freedonia Reports ................................................... 13 About Our Customers .................................................................... 14 Related Studies ............................................................................... 15 Ordering Information..................................................................... 16 Study Highlights • Global demand for automotive aftermarket products will advance 6.1 percent per year to $144 billion in 2005. • Gains will be driven by a rise in the number of light vehicles in use, continued maintenance and repair of older vehicles in the developing regions of the world and greater use of higher value automotive electronics. • Mechanical and electrical products account for 55 percent of overall demand; however, these are largely mature products which are subject to intense price competition. • The aftermarket for electronic products such as controls, modules, sound systems and components, navigation systems and security systems, will outpace demand in the more mature mechanical and electrical products segments. • The US and Japan account for almost half the world's shipments, followed by Germany, France, Italy, the United Kingdom, Canada and Brazil. • Leading suppliers include Dana, Delphi Automotive Systems, Federal-Mogul and Tenneco of the US; Aisin Seiki and Denso of Japan; Robert Bosch and Siemens of Germany; Tomkins of the United King- dom; and Valeo of France. World Automotive Aftermarket #1408 Freedonia Industry Study 2 Study Highlights World Automotive Aftermarket Demand by Region, 2000 North America 30.8% Western Europe 34.6% Other World 11.2% Asia/Pacific 23.4% World Automotive Aftermarket Demand (billion US dollars) % Annual Growth Item 1990 2000 2005 2010 90/00 00/05 Light Vehicles in Use (mil vehicles) 543.2 690.3 771.0 855.0 2.4 2.2 $ aftermarket/vehicle 104 155 187 222 -- -- Sample Table Auto Aftermarket Demand 56.5 107.2 143.9 189.8 6.6 6.1 North America: 20.0 33.0 43.8 58.3 5.1 5.9 United States 17.3 27.9 36.8 48.7 4.9 5.7 Canada & Mexico 2.7 5.1 7.0 9.6 6.4 6.6 Western Europe 20.1 37.1 48.3 61.2 6.4 5.4 Asia/Pacific: 10.0 25.1 35.2 47.5 9.6 7.0 Japan 7.1 16.6 22.1 28.3 8.9 5.9 Other Asia/Pacific 2.9 8.5 13.1 19.1 11.4 9.0 Other World 6.4 12.0 16.6 22.8 6.5 6.7 © Copyright by The Freedonia Group, Inc. World Automotive Aftermarket #1408 Order form on last page 3 I. EXECUTIVE SUMMARY Summary Table ...................................................................... 3 Table of Contents II. MARKET ENVIRONMENT General ....................................................................................... 4 World Economic Overview ........................................................ 5 Tables - World Gross Domestic Product by Region ............... 9 World Population Overview ...................................................... 9 Tables and Charts are featured for each region and Tables - World Population by Region .................................. 10 country. Historical data and forecasts are presented World Light Vehicle Overview ................................................. 11 for 1995, 2000, 2005 and 2010. Light Vehicle Sales ............................................................... 11 Tables - World Light Vehicle Sales by Region .................. 12 Light Vehicles in Use ............................................................ 12 Tables - World Motor Vehicles in Use by Region ............ 14 Environmental & Regulatory Considerations ........................... 14 Pricing Trends .......................................................................... 16 For each country/region, the following are given: World Automotive Components Overview .............................. 17 Tables - World Automotive Components Demand .............. 20 Population (million persons) OEM Market ....................................................................... 20 GDP/capita Aftermarket .......................................................................... 21 Gross Domestic Product (bil 98 US$) III. WORLD SUPPLY & DEMAND General ..................................................................................... 22 vehicles/mil $ GDP Tables - World Automotive Aftermarket Demand by Region ..... 23 Demand by Region ................................................................... 23 Light Vehicles Sales (000) Chart - World Automotive Aftermarket Demand by Region, 2000 ................................................... 24 vehicles/000 persons Shipments by Region ................................................................ 24 Light Vehicles in Use (mil vehicles) Chart - World Automotive Aftermarket Shipments by Region, 2000 ................................................ 27 $ aftermarket/vehicle Tables - World Automotive Aftermarket Shipments by Region ... 26 Demand by Product ................................................................. 27 Tables - World Automotive Aftermarket Demand by Product .... 28 Automotive Aftermarket Demand Mechanical Products ............................................................ 29 Mechanical Products Tables - World Automotive Aftermarket -- Engine & Drivetrain Mechanical Products ...................................................... 30 Exhaust/Emission Engine & Drivetrain ......................................................... 30 Filters Exhaust & Emission ......................................................... 31 Brake Parts & Assemblies Filters ............................................................................... 31 Brake Parts & Assemblies ................................................. 32 Other Mechanical Products Other Mechanical Products ............................................. 32 Electrical Products Electrical Products ............................................................... 33 Batteries Tables - World Automotive Aftermarket -- Ignition Systems & Parts Electrical Products ......................................................... 34 Lighting Equipment Ignition Systems & Parts .................................................. 34 Other Electrical Products Batteries ........................................................................... 35 Lighting Equipment .......................................................... 36 Electronic Products Other Electrical Products ................................................. 36 Controls & Modules Electronic Products .............................................................. 37 Autosound Tables - World Automotive Aftermarket -- Security Systems Electronic Products ........................................................ 38 Controls & Modules ........................................................ 38 net exports Autosound ........................................................................ 39 Automotive Aftermarket Shipments Security Systems ............................................................... 39 International Trade .................................................................. 41 Tables - Automotive Aftermarket Net Exports by Region ..... 42 IV. NORTH AMERICA Macroeconomic & Light Vehicle Overview ............................. 43 Aftermarket Demand ................................................................ 45 United States ............................................................................ 48 Macroeconomic & Light Vehicle Overview ......................... 48 Aftermarket Demand ............................................................ 50 World Automotive Aftermarket #1408 Freedonia Industry Study 4 Saudi Arabia ........................................................................... 156 Canada ..................................................................................... 53 Macroeconomic & Light Vehicle Overview ....................... 156 Macroeconomic & Light Vehicle Overview ......................... 53 Aftermarket Demand .......................................................... 158 Aftermarket Demand ............................................................ 55 Turkey ...................................................................................