Luxury Automotive Aftermarket Market Report 2025 (Global Edition)

Global Luxury Automotive Aftermarket Market Report 2025 Market Size Split by Type (Wear And Tear Parts, Crash Relevant Parts, Diagnostic Parts, Accessories, Other), by Application (Passenger Vehicles,...

Luxury Automotive Aftermarket Market Report Description

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Luxury Automotive Aftermarket Market Insights Video

Competitive Landscape of the Luxury Automotive Aftermarket

The competitive landscape of the Luxury Automotive Aftermarkets market is due to the presence of established players offering a diverse range of aftermarket products and services. Key companies focus on product innovation, strategic partnerships, and mergers to strengthen their market position. Customization and premium offerings are key strategies to cater to the discerning preferences of luxury vehicle owners. Prominent players include Brembo S.p.A., HARMAN International (Samsung Electronics), Magna International Inc., Robert Bosch GmbH, and Johnson Controls International plc. The market is dynamic, with competition centered on delivering high-quality, exclusive aftermarket solutions.

• March 2022: Mercedes-Benz India has introduced the latest addition to its lineup with the launch of a new S-Class sedan, part of its prestigious Maybach luxury brand. Priced at a starting point of INR 2.5 crore (ex-showroom), the 2022 Mercedes Maybach S-Class is now accessible in the Indian market. The availability of the new Maybach S-Class extends to both locally manufactured units and completely built units (CBU).

(Source: www.autocarindia.com/car-news/mercedes-maybach-s-class-launched-at-rs-250-crore-423713)

Top Companies Market Share in Luxury Automotive Aftermarket Industry: (In no particular order of Rank)

• Brembo S.p.A.
• HARMAN International (Samsung Electronics)
• Magna International Inc.
• Robert Bosch GmbH
• Johnson Controls International plc
• Eibach Springs Inc.
• Pioneer Corporation
• Aisin Seiki Co. Ltd.
• Bridgestone Corporation
• Bilstein
• KW Automotive GmbH
• HELLA GmbH & Co. KGaA
• Valeo S.A.
• Denso Corporation
• Federal-Mogul LLC
• Garmin Ltd.
• Delphi Technologies (Now part of BorgWarner Inc.)
• BorgWarner Inc.
• Akebono Brake Industry Co. Ltd.
• Recaro Automotive Seating GmbH & Co. KG
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Asia Pacific dominated the market in 2023 and accounted for around 35% of the global revenue

According to Cognitive Market Research, Asia Pacific dominated the market in 2023 and accounted for around 35% of the global revenue. The Asia Pacific region captured the largest market share in the Luxury Automotive Aftermarkets due to several factors. The region has a robust and growing economy with a rising number of high-net-worth individuals who own luxury vehicles. The demand for personalized and upgraded features in luxury cars is on the rise, contributing to the growth of the aftermarket sector. Additionally, the presence of a large automotive market, coupled with increasing consumer awareness and preferences for aftermarket enhancements, fuels the market in Asia Pacific. The region's diverse automotive landscape, including both established and emerging markets, further amplifies the demand for aftermarket products, solidifying its position with the largest market share.

North America is experiencing the highest Compound Annual Growth Rate (CAGR) in the Luxury Automotive Aftermarkets market due to a combination of factors. The region has a well-established and affluent consumer base with a strong affinity for luxury vehicles. The culture of personalization and customization is prevalent among North American luxury car owners, driving the demand for aftermarket products. Additionally, a robust aftermarket industry, technological advancements, and a high disposable income contribute to the region's rapid growth. The combination of a sophisticated consumer market and a thriving aftermarket sector propels North America to the highest CAGR in the Luxury Automotive aftermarket market.

The current report Scope analyzes Luxury Automotive Aftermarket Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Luxury Automotive Aftermarket Market

According to Cognitive Market Research, the global Luxury Automotive Aftermarkets Product market size was estimated at USD xx Billion out of which North America held the major market of more than 30.0% of the global revenue with a market size USD xx billion in 2023 and will expand at CAGR of 7.0% from 2023 to 2030. The North America region is experiencing growth in the Luxury Automotive Aftermarkets market due to the strong demand for customization and premium upgrades in luxury vehicles. North American consumers have a high disposable income and a culture of valuing personalized vehicles, driving the aftermarket sector. The Wear and Tear Parts segment is growing in North America because luxury car owners prioritize the regular replacement of essential components such as brakes, tires, and filters to ensure optimal performance and safety. The emphasis on vehicle maintenance, coupled with a preference for high-quality aftermarket parts, contributes to the significant growth of Wear and Tear Parts in the North American Luxury Automotive Aftermarkets market.

Europe Luxury Automotive Aftermarket Market

According to Cognitive Market Research, the global Luxury Automotive Aftermarkets Product market size was estimated at USD xx Billion out of which Europe held the major market of more than 28.0% of the global revenue with a market size of USD xx billion in 2023 and will grow at a CAGR of 7.2% from 2023 to 2030. The Luxury Automotive Aftermarkets market is growing in the Europe region due to a combination of affluent consumers, a strong automotive culture, and a preference for customized and upgraded vehicles. European luxury car owners have a keen interest in enhancing their vehicles' performance, aesthetics, and functionality through aftermarket products. The Wear and Tear Parts segment is growing in Europe as consumers prioritize the regular maintenance and replacement of essential components. European drivers place emphasis on vehicle safety and performance, leading to a steady demand for high-quality aftermarket wear and tear parts. The region's discerning consumer base and commitment to vehicle maintenance contribute to the growth of Wear and Tear Parts in the European Luxury Automotive Aftermarkets market.

Asia Pacific Luxury Automotive Aftermarket Market

According to Cognitive Market Research, the global Luxury Automotive Aftermarkets Product market size was estimated at USD xx Billion out of which Asia Pacific held the major market of more than 35.0% of the global revenue with a market size of USD xx billion in 2023 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2023 to 2030. The Asia Pacific region is witnessing growth in the Luxury Automotive Aftermarkets market due to increasing economic prosperity, rising consumer affluence, and a growing population of luxury vehicle owners. The desire for vehicle personalization and performance upgrades is driving the demand for aftermarket products. In the Wear and Tear Parts segment, there is a notable growth in Asia Pacific as luxury car owners prioritize the regular replacement of components to ensure longevity and optimal vehicle functioning. The region's expanding middle and upper-class demographics, coupled with a flourishing automotive market, contribute to the significant growth of Wear and Tear Parts in the Asia Pacific Luxury Automotive Aftermarkets market.

South America Luxury Automotive Aftermarket Market

According to Cognitive Market Research, the global Luxury Automotive Aftermarkets Product market size was estimated at USD xx Billion, out of which Latin America held the major market of more than 5.0% of the global revenue with a market size of USD xx billion in 2023 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. The Latin America region is experiencing growth in the Luxury Automotive Aftermarkets market due to increasing economic development, a rising middle class, and a growing interest in luxury vehicles. Latin American consumers, particularly luxury car owners, are inclined towards aftermarket enhancements to personalize and upgrade their vehicles. The Wear and Tear Parts segment is growing in Latin America as vehicle owners prioritize the replacement of essential components for safety and optimal performance. The region's evolving automotive culture, coupled with a growing number of luxury car enthusiasts, contributes to the notable growth of Wear and Tear Parts in the Latin America Luxury Automotive Aftermarkets market.

Middle East Luxury Automotive Aftermarket Market

According to Cognitive Market Research, the global Luxury Automotive Aftermarkets Product market size was estimated at USD xx Billion, out of which the Middle East and Africa held the major market of more than 2.0% of the global revenue with a market size of USD xx billion in 2023 and will grow at a CAGR of 7.9% from 2023 to 2030. The Middle East and Africa region is growing in the Luxury Automotive aftermarket market due to increasing affluence, a rising luxury car market, and a preference for customized and upgraded vehicles. MEA consumers, particularly in wealthier nations, are investing in aftermarket products to enhance the performance and aesthetics of their luxury vehicles. The Wear and Tear Parts segment is growing in the region as vehicle owners prioritize regular maintenance and replacement of essential components, ensuring longevity and optimal vehicle functioning. The demand for high-quality aftermarket wear and tear parts aligns with the region's increasing luxury automotive ownership, contributing to the significant growth of Wear and Tear Parts in the MEA Luxury Automotive aftermarket market.

Luxury Automotive Aftermarket Market Analysis

Luxury Automotive Aftermarket Type Segment Analysis

According to Cognitive Market Research, the wear and tear parts type held the major market share over the forecast period. Wear and tear parts types capture the largest market share in the luxury automotive aftermarkets as these components are essential for maintaining and restoring the performance of luxury vehicles. Consumers regularly require replacements for wear-prone parts such as brakes, tires, and filters. These parts are crucial for vehicle safety and functionality, and their frequent replacement contributes significantly to aftermarket sales. Additionally, consumers prioritize ensuring that their high-end vehicles remain in optimal condition, driving the demand for wear and tear parts and making them a dominant segment in the luxury automotive aftermarket market.

Accessories are experiencing the highest Compound Annual Growth Rate (CAGR) in the luxury automotive aftermarket market due to the increasing consumer inclination towards personalization and customization. Luxury vehicle owners seek unique and exclusive accessories to enhance the aesthetics and functionality of their cars. The demand for premium and bespoke accessories, such as custom interiors, high-end audio systems, and advanced tech features, is rising. The desire for a personalized and distinctive driving experience propels the growth of the accessories segment, contributing to its highest CAGR within the luxury automotive aftermarket market.

• Wear And Tear Parts
• Crash Relevant Parts
• Diagnostic Parts
• Accessories
• Other

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Luxury Automotive Aftermarket Industry. Request a Free Sample PDF!

Luxury Automotive Aftermarket Application Segment Analysis

According to Cognitive Market Research, passenger vehicles application holds a prominent place in the market. Passenger vehicles capture the largest market share in the luxury automotive aftermarkets market due to the sheer volume and widespread ownership of these vehicles. Luxury passenger cars are highly sought after, and their owners frequently invest in aftermarket products to personalize, customize, and upgrade their vehicles. The demand for premium enhancements, ranging from aesthetic modifications to high-performance upgrades, is particularly strong in the passenger vehicle segment. As a result, this category commands the largest share of the luxury automotive aftermarkets market, driven by the preferences and demands of luxury car owners.

The heavy commercial vehicles (HCVs) application is experiencing the highest Compound Annual Growth Rate (CAGR) in the luxury automotive aftermarkets market due to the increasing trend of luxury upgrades in commercial fleets. Some businesses opt for high-end enhancements, including premium interiors, advanced safety features, and customized branding, to elevate the overall image of their heavy commercial vehicles. The growing recognition of luxury and comfort features in HCVs, coupled with a desire for a distinctive corporate identity, propels the demand for aftermarket products, contributing to the segment's highest CAGR in the Luxury Automotive aftermarket market.

• Passenger Vehicles
• Light Commercial Vehicles (LCVs)
• Heavy Commercial Vehicles (HCVs)

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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