ASEAN Automotive Aftermarket Projected to Reach $63.9 Billion by 2035
Market growth driven by rising vehicle ownership and service demand
The ASEAN automotive aftermarket is projected to grow from $28.8 billion in 2025 to $63.9 billion by 2035, reflecting a compound annual growth rate of 8.3%.
This robust growth is primarily driven by the expanding automotive industry across Southeast Asia, increasing vehicle ownership, and rising consumer demand for organized maintenance services.
The market encompasses a wide range of components, including engine parts, batteries, tires, and accessories, catering to both passenger and commercial vehicles.