The global automotive industry’s footprint is changing as countries experience flat sales and emerging markets show relatively higher growth rates. One essential component of the automotive industry is the automotive aftermarket. The aftermarket operations cover activities related to maintaining a car once sold and until the end of its lifecycle. It therefore encompasses accessories, parts and services. The changing market dynamics in the automotive industry also impacts the aftermarket parts market, our focus for this paper.
This paper explores the market dynamics at play in the aftermarket parts market, the challenges that aftermarket parts suppliers face, and how technology-enabled secondary visibility is helping suppliers address these challenges in emerging markets.