Global Automotive Performance Parts Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Exhaust System, Suspension Parts, Brakes, Transmission Parts, Fuel Air & Intake Systems, and Power Adders.

By Sales Channel;

OEMs and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn024296286 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Performance Parts Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Performance Parts Market was valued at USD 357,276.00 million. The size of this market is expected to increase to USD 499,381.28 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.

The global automotive performance parts market is a dynamic and expansive sector within the automotive industry, catering to enthusiasts and professionals seeking to enhance the performance, aesthetics, and functionality of their vehicles. Performance parts encompass a wide range of components and accessories designed to improve various aspects of vehicle performance, including engine power, handling dynamics, braking performance, and aerodynamics. From aftermarket exhaust systems and suspension upgrades to high-performance brakes and aerodynamic body kits, the market offers a diverse array of products tailored to different vehicle types, driving styles, and performance objectives.

The global automotive performance parts market is its diverse customer base, which includes automotive enthusiasts, racing teams, aftermarket retailers, and professional tuners. Enthusiasts and amateur racers often seek performance parts to personalize and customize their vehicles, reflecting their individual preferences and driving habits. Professional racing teams and performance shops, on the other hand, rely on high-quality performance parts to gain a competitive edge on the track, optimizing their vehicles for maximum performance and reliability. Additionally, aftermarket retailers play a crucial role in distributing performance parts to consumers, offering a wide selection of products and expert guidance to help customers make informed purchasing decisions.

Automotive performance parts market is driven by ongoing advancements in automotive technology, materials science, and engineering, enabling the development of innovative products that push the boundaries of performance and functionality. Manufacturers leverage cutting-edge technologies such as computer-aided design (CAD), computational fluid dynamics (CFD), and additive manufacturing to design and produce performance parts with superior performance characteristics and precision fitment. Additionally, advancements in materials such as carbon fiber, titanium, and advanced alloys contribute to the lightweighting and strength of performance parts, enhancing their performance and durability. As automotive enthusiasts and professionals continue to seek ways to optimize vehicle performance and customization, the global automotive performance parts market is expected to witness sustained growth, driven by innovation, customization, and the enduring appeal of high-performance driving experiences.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Sales Channel
    3. Market Snapshot, By Region
  4. Global Automotive Performance Parts Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Enthusiast Demand
        2. Customization Trends
        3. Racing and Motorsports
        4. Vehicle Tuning Culture
      2. Restraints
        1. Cost Constraints
        2. Compatibility Issues
        3. Regulatory Compliance
        4. Technological Limitations
      3. Opportunities
        1. Customization Trends
        2. Emerging Markets
        3. Electric and Hybrid Vehicles
        4. Technological Advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Performance Parts Market, By Product, 2020 - 2030 (USD Million)
      1. Exhaust System
      2. Suspension Parts
      3. Brakes
      4. Transmission Parts
      5. Fuel Air & Intake Systems
      6. Power Adders
    2. Global Automotive Performance Parts Market, By Sales Channel, 2020 - 2030 (USD Million)
      1. OEMs
      2. Aftermarket
    3. Global Automotive Performance Parts Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. KW Automotive
      2. Mishimoto Automotive
      3. AEM Performance Electronics
      4. Edelbrock
      5. APR
      6. Cobb Tuning
      7. Akrapovic
      8. K&N Engineering
      9. Bilstein
      10. Dinan Engineering
  7. Analyst Views
  8. Future Outlook of the Market