Taiwan Automotive Aftermarket Market and Analysis Report – Opportunities and Forecast 2023-2030
Taiwan automotive industry is supported by the economic growth, government rules and regulations, growth in sales of vehicle and tax benefits. GMI Research estimated that Automotive Aftermarket in Taiwan will continue to grow till 2030 owing to the increasing demand for replacement parts with the rise in the passenger vehicle sales.
Taiwan Automotive Aftermarket Market Overview
Taiwan Automotive Aftermarket market is expected to register higher growth during 2023-2030. The market is propelled by the increasing disposable income, change in consumer preference and growing demand for vehicle modification among vehicle owners. Increasing average vehicle age has further increased the demand for replacement parts and repairs such as spare parts, engine, brake, filters, tires, gearbox, clutches and others. Major auto parts players are adopting various strategies and investing on expansion to increase their presence in the market.
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Major Taiwan Automotive Aftermarket Market Drivers
With the rise in the per capita income of people, the demand for passenger vehicle is expected to thrive. As per the OICA, sale of passenger vehicle in Taiwan was 382,000 units in 2021. Taiwan’s Automotive Aftermarket report covers detailed analysis of aftermarket services, replacement parts, drivers and challenges, automotive aftermarket size and growth, car makers product offerings, government initiatives, passenger and commercial vehicles growth over the forecast period. GMI Research provides Taiwan aftermarket auto parts production and sales in domestic and international markets.
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Segments covered in the Report:
The Taiwan Automotive Aftermarket market has been segmented on the basis of vehicle type, certification and replacement part. By replacement parts, the market is segmented into Clutch Parts, brake parts, tire, filters, Lighting Components, battery, electronic components, Engine Components, Lubricants, and others. Based on the vehicle type, the market has been segmented into commercial vehicles and passenger vehicles. Based on certification, the market has been segmented into Certified Parts, Counterfeit Parts, Genuine Parts, Others.
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|
Report Coverage |
Details |
| Market Revenues (2022) |
USD Million |
| Market Base Year |
2022 |
| Market Forecast Period |
2023-2030 |
| Base Year & Forecast Units |
Revenues (USD Million) |
| Market Segment | By Vehicle Type, By Replacement Parts, By Certification |
| Regional Coverage | Taiwan |
| 25% Free Customization Available | We will customize this report up to 25% as a free customization to address our client’s specific requirements |
Market Segmentation
Taiwan Automotive Aftermarket market by Vehicle Type
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- Commercial Vehicles
- Passenger Vehicles
Taiwan Automotive Aftermarket market by Replacement Parts
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- Tire
- Battery
- Brake Parts
- Filters
- Air Filter
- Oil Filter
- Others
- Lighting Components
- Electroniccomponents
- Lubricants
- Clutch Parts
- Engine Components
- Timing Belt
- Spark Plugs
- Others
- Others
Taiwan Automotive Aftermarket market by Certification
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- Genuine Parts
- Certified Parts
- Counterfeit Parts
- Others
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