The Asia-Pacific (APAC) region, home to the largest vehicle fleet globally, is witnessing increased demand for automotive aftermarket consumables due to the implementation of stringent emission standards. These regulations are accelerating the need for timely replacement of service parts to ensure environmental compliance, creating a positive impact on the market. According to GlobalData, this trend is expected to drive a compound annual growth rate (CAGR) of 2.1% in the APAC automotive aftermarket consumables market from 2023 to 2028.
GlobalData’s report, “Global Sector Overview & Forecast: Aftermarket Consumables Q3 2024,” highlights that the market for service parts and consumables in the region stood at 5.3 billion units in 2023. By 2028, this figure is projected to grow to 5.9 billion units, reflecting the region’s commitment to environmental standards and the growing importance of the automotive aftermarket sector.Madhuchhanda Palit, Automotive Analyst at GlobalData, comments: “Stringent emission standards and strict compliance regulations across APAC countries are key drivers of the aftermarket consumables market. While consumers may delay replacements, the need to obtain pollution certificates—such as the Pollution Under Control Certificate (PUC) in India and China Compulsory Certification (CCC)—compels timely replacement of parts like engine oil, filters, and diesel components. Failing to replace these parts can lead to engine malfunctions, increased emissions, and pollutants like black carbon (soot), carbon monoxide, CO2, and volatile organic compounds, contributing to air pollution.”
