The Japan automotive
aftermarket is expected to grow at a rate of steady CAGR during the forecast
period, FY2023-FY2027. The Japanese automotive industry is one of the most
prominent automotive industries and one of the largest automotive manufacturing
industries globally. The high production of automobiles both for export and
domestic purposes influence the Japan automotive aftermarket demand in the
coming five years.
Emphasis on Quality Automobile
Manufacturing Process Drives Market Demand
The Japanese people rely on
the use of innovative and advanced technologies to produce better products.
Japanese manufacturers invest a significant amount of research and resources in
developing advanced automobiles that attract consumers from all over the world.
The automotive industry of Japan is highly innovative, and it has expertise in
manufacturing quality and advanced automobiles by using advanced automobile
manufacturing processes. Automobiles manufactured in Japan are cost-effective, have
high-performance, are fuel-efficient, and have enhanced structure and quality, which
is one of the major contributing reasons for high sales of automobiles.
Japanese automobile manufacturers adopt the Kaizen process, which can be said
to be the process of continual improvement. They value the interconnection of
car production, development, and quality assurance to attract more consumers.
Use of Automation Technology
in Automobiles Supports Market Growth
Japanese original equipment
manufacturers are using automation technology in automobiles. They are
manufacturing next-generation transportation systems with improved safety,
accident reduction, theft resistance and are using electric components and
sensors to upgrade the vehicles. The integration of advanced technologies in
automobiles is fueling its sales in the country, thereby influencing the demand
for automobile aftermarket services. Japanese Ministry of Land, Infrastructure,
Transportation and Tourism (MLIT) passed a bill to regulate Level 3 autonomous
vehicle technology. The vehicles equipped with this technology have environment
detection capability and can make smart decisions based on the generated data.
The use of advanced automation technology increases the comfort and convenience
of automobile drivers and passengers to have enhanced convenience. Thus, with
growing automobile sales, the automotive aftermarket market is expected to rise
in the coming five years.
Growing Penetration of
E-Commerce Industry is Influencing Market Demand
The increasing accessibility
to high-speed internet connection and the proliferation of intelligent devices
is supporting the reach of e-commerce to every nook and corner of Japan. The
parts used in the automotive aftermarket are using several online platforms,
including eBay, kfzteile24, and Amazon to boost the sales of parts used in
automobiles. Consumers prefer to buy through the online sales platform as they
provide products at discounted costs with the facility of doorstep delivery,
easy exchange, and warranty options. Market players are using interactive
technologies such as big data analytics, machine learning, artificial
intelligence, among others to generate data and gather insights to provide
customized shopping experience along with 24*7 customer service in the form of
chatbots and customer care number to help the customers make informed and smart
decisions.
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Market Segmentation
The Japan automotive aftermarket
is segmented on the basis of vehicle type, component, service channel, regional
distribution, and competition landscape. Based on the vehicle type, the market
is divided into passenger cars and commercial vehicles. Based on the component,
the market is divided into tires, spark plugs, air filter, fuel filter, brake
pad, brake shoe, brake calliper, batteries and others. Based on service
channel, the market is divided into (DIFM (Do It For Me), DIY (Do It Yourself),
and OE (Delegating to OEMs). The market is also studied on the basis of
regional distribution and the regions are majorly divided into Hokkaido &
Tohoku, Chubu, Chugoku, Kyushu, and Others.
Market Players
Bridgestone Corporation, Continental
AG, Sumitomo Electric Industries, Delphi Automotive PLC, Denso Corporation, Robert
Bosch GmbH, Aisin Corporation, Yazaki Corporation, JTEKT Corporation, and Hitachi
Automotive Systems are among the major market players in the Japan region that lead
the market growth of the Japan automotive aftermarket.
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Attribute
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Details
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Base Year
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FY2021
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Historic Data
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FY2017 – FY2020
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Estimated Year
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FY2022
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Forecast Period
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FY2023 – FY2027
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Quantitative Units
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Revenue in USD Million, and CAGR for FY2017-FY2021 and FY2022-FY2027
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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Vehicle Type
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Component
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Service Channel
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Region Scope
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Hokkaido & Tohoku, Chubu, Chugoku, Kyushu, and Others
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Key Companies Profiled
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Bridgestone Corporation, Continental AG, Sumitomo Electric
Industries, Delphi Automotive PLC, Denso Corporation, Robert Bosch GmbH, Aisin
Corporation, Yazaki Corporation, JTEKT Corporation, Hitachi Automotive
Systems
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Customization Scope
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10% free report customization with purchase. Addition or alteration
to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Japan Automotive
Aftermarket has been segmented into following categories, in addition to the industry
trends which have also been detailed below:
- Japan Automotive Aftermarket, By Vehicle Type:
- Passenger Cars
- Commercial Vehicles
- Japan Automotive Aftermarket, By Component:
- Tires
- Spark Plugs
- Air Filter
- Fuel Filter
- Brake Pad
- Brake Shoe
- Brake Calliper
- Batteries
- Others
- Japan Automotive Aftermarket, By Service Channel:
- DIFM (Do it for Me)
- DIY (Do it Yourself)
- OE (Delegating to OEMs)
- Japan Automotive
Aftermarket, By Region:
o Hokkaido & Tohoku
o Chubu
o Chugoku
o Kyushu
o Others
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Japan Automotive Aftermarket.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Japan Automotive
Aftermarket is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]