APAC Automotive Aftermarket Arise

The automotive aftermarket for wear-and-tear parts in Asia-Pacific is expanding. It’s projected to grow 3.7% annually from 2023 to 2028, increasing from 1.4 billion units in 2023 to 1.68 billion units by 2028.

What’s Driving the Growth?

• Rising vehicle numbers: More cars on the road mean higher demand for replacement parts.

• Road conditions: Poor infrastructure and heavy traffic, especially in India and Thailand, accelerate wear on items like brake pads and shoes.

• Diverse driving habits: Different styles and new technologies create a dynamic market environment.

Opportunities and Challenges

Businesses can thrive by focusing on high-quality products and efficient distribution networks, especially in areas with heavy commuter traffic. However, challenges like infrastructure gaps and adapting to emerging automotive tech remain hurdles.

Key to Success

Innovation and smart distribution strategies will be essential for companies looking to capitalize on this steady rise in demand. The growing APAC market offers significant potential for those ready to adapt and deliver.