Global Automotive Aftermarket Market is Rising at rate of 4.75% over the Forecast Period of 2020 to 2027

Automotive Aftermarket Market is expected to rise at annual rate of 4.75% in the forecast period of 2020 to 2027 due to the increasing vehicle sales of preowned and new vehicles is acting as major growth drivers for the market. The increasing disposable income of the people along with shifting lifestyle are creating various lucrative opportunities the market growth of automotive aftermarket market in the above mentioned forecast period.

The North America is supposed to be the most active developing market largely due to the high adoption of advanced technology along with introduction of hybrid electric automobiles in the region.

Automotive Aftermarket Market Scenario

According to Data Bridge Market Research the market for automotive aftermarket is accelerating due to the rising demand of advanced and upgraded vehicles across the globe. Also the poor road infrastructure and rising vehicle fleet is also helping the market to grow. The increasing electric vehicle sales and high adoption of vehicle safety technologies will act as major restraints to the growth of the automotive aftermarket market.

Now the question is which are the other regions that automotive aftermarket market is targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the rising prevalence of high quality brand and rising engineering cost in the region.  

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Automotive Aftermarket Market Scope

Automotive aftermarket market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of automotive aftermarket market is further analyzed based on maximum granularity into further segmentation. Automotive aftermarket market on the basis of product has been segmented as replacement parts, and accessories. Based on service channel, automotive aftermarket market has been segmented into DIY (do it yourself), DIFM (do it for me), and OE (delegating to OEM’s). On the basis of certification, automotive aftermarket market has been segmented into genuine parts, certified parts, and uncertified parts. On the basis of distribution channel, automotive aftermarket market has been segmented into offline distribution channel, and online distribution channel. Automotive aftermarket has also been segmented on the basis of end user into service providers, independent workshops, and automotive OEM workshop. Service providers have been further segmented into telematics, and fleet management.
  • Automotive aftermarket is also known as secondary market, manufactures and supplies spare parts, accessories and other components for different automobiles. Aftermarket industry offer services such as maintenance and repair for the vehicles.

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Key Pointers Covered in the Automotive Aftermarket Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Tenneco Inc
  • Dana Limited
  • ZF Friedrichshafen AG
  • Visteon Corporation
  • Johnson Controls
  • BorgWarner Inc
  • Marelli Europe S.p.A
  • Continental AG
  • 3M
  • Delphi Technologies
  • Robert Bosch GmbH
  • General Motors
  • merican Axle & Manufacturing, Inc
  • Bridgestone Corporation
  • Gates Corporation
  • The Goodyear Tire & Rubber Company
  • Pirelli & C. S.p.A
  • Prestone Products Corporation

Above are the key players covered in the report, to know about more and exhaustive list of automotive aftermarket companies’ contact us

Research Methodology of Global Automotive Aftermarket Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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