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Automotive After Market Analysis, Share, Growth, Segmented Outlook And Overview Research By Million Insights

“The market witnesses numerous opportunities in form of availability of variants for spare parts and accessories. Automotive after market, however, encounters negative setback in form of stringent policies by government, dearth of labor, and loopholes in record retrieving systems for older vehicles.”

The global Automotive After Market valuation is expected to cross USD 486.36 billion by 2025. Automotive Aftermarket is driven by factors such as rise in buyers’ awareness regarding routine maintenance, convenience, and safety along with add-on services such as internal and external accessories and exhaust components. In addition, change in lifestyle and the need for commuting long distance travels leads in average distance driven per vehicle. The market witnesses numerous opportunities in form of availability of variants for spare parts and accessories. Automotive after market, however, encounters negative setback in form of stringent policies by government, dearth of labor, and loopholes in record retrieving systems for older vehicles. Automotive industry is enormous in Western Europe, Eastern Europe, Russia, China, and India. The market is witnessing significant changes along with growing importance not only for brand new cars but also in the aftermarket domain. Customers’ expectation, technological growth, automotive suppliers, and shifts in competitive power help in revamping and development of automotive aftermarket. Emerging markets seem to create new needs for aftermarket industry and simultaneously, the market players may encounter challenges such as rising pace of consolidation, particularly in European counterparts and U.S. On the other hand, automotive suppliers operate in a highly stable environment to face a new type of competitive pressure from other players at alternate stages of aftermarket value chain. Market trends such as major shifts in aftermarket industry coupled with technological upgrade at periodic intervals prove to be gamechanging factors for major players to maintain a strong market position.

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The automotive aftermarket segmentation includes product, replacement, distribution channel, sales outlet and geography. Replacement type comprises tire, battery, brake parts, filters, lighting, electronic components and body parts. Tire segment is expected to account for higher growth in the forecast period. Distribution channel segmentation includes retailers and wholesalers. Retailers segment would account for dominant position in the forthcoming period. Geographical segmentation for automotive aftermarket spans North America, South America, Europe, AsiaPacific, Middle East and Africa. North American automotive aftermarket is driven by factors such as rise in advanced technology for fabrication of auto parts and upsurge in automobile production leading to rise in sales. South American market expects to gain a higher CAGR owing to rise in accumulation of older vehicles resulting in repair and service.

Browse Full Research Report @ https://www.millioninsights.com/industry-reports/automotive-aftermarket-industry Asia-Pacific’s automotive aftermarket expects to gain a positive traction owing to rise in automotive developments and use of digital technology for automotive. In addition, wide presence of automotive manufacturers coupled with favourable policies is contributing to the market growth. Rise in disposable income coupled with increased spending capacity is likely to add to the market growth in the forthcoming period. European automotive aftermarket is expected to witness a substantial growth in the forthcoming period due to rise in infrastructural development coupled with stringent policies by government along with rise in foreign investments. Middle East and African regions are likely to gain a higher growth in the forthcoming period due to growth in foreign investments, rise in vehicle population along with favourable policies by government. The key players in the automotive aftermarket include 3M Company, Delphi Automotive PLC, Denso Corporation, Continental AG, Federal-Mogul Corporation, Magneti Marelli S.p.A, and Robert Bosch GmbH. Market Segment: Automotive Aftermarket Replacement Part Outlook (Revenue, USD Billion, 2014 - 2025) • Tire • Battery • Brake parts • Filters • Body parts • Lighting & Electronic components • Wheels • Exhaust components • Turbochargers • Others


Automotive Aftermarket Distribution Channel Outlook(Revenue, USD Billion, 2014 - 2025) • Retailers • OEMs • Repair Shops • Wholesalers & Distributors Automotive Aftermarket Service Channel Outlook(Revenue, USD Billion, 2014 - 2025) • DIY (Do It Yourself) • DIFM (Do It for Me) • OE (Delegating to OEMs) Automotive Aftermarket Certification Outlook (Revenue, USD Billion, 2014 -2025) • Genuine Parts • Certified Parts • Uncertified Parts Automotive Aftermarket Regional Outlook (Revenue, USD Billion, 2014 - 2025) • North America • Europe • Asia Pacific • South America • Middle East & Africa

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Automotive After Market Analysis, Share, Growth, Segmented Outlook And Overview Research By Million  

The market witnesses numerous opportunities in form of availability of variants for spare parts and accessories. Automotive after market, ho...

Automotive After Market Analysis, Share, Growth, Segmented Outlook And Overview Research By Million  

The market witnesses numerous opportunities in form of availability of variants for spare parts and accessories. Automotive after market, ho...

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