Data Bridge Market Research analyses that the Automotive Aftermarket Market will exhibit a CAGR of 13.59% for the forecast period of 2021-2028. Therefore, the Automotive Aftermarket Market value would stand tall by USD 34.70 billion by 2028.
This Automotive Aftermarket Market document studies the annual revenues and market developments of the major players. It analyzes the demand for product by component. The report performs assessment of future trends and growth of architecture in the market. Additionally, this market report comprises of crucial aspects of the market that contains industry research, market sizing & forecast, competitive intelligence, market entry strategy, pricing trends, sustainability trends, customer insights, technology evolution, innovation trends, and distribution channel assessment. A persuasive Automotive Aftermarket Market analysis report considers the market with respect to the type of application.
Automotive Aftermarket Market report studies the market trends in various regions and countries, by component as well as contracts and developments related to the market by key players across different regions. It also delivers the scope of the market that can potentially influence the universal industry in upcoming years. All the data and information involved in the Automotive Aftermarket Market report is taken from incredibly trustworthy sources such as websites, annual reports of the companies, white papers, journals, newspapers, and mergers. Also, before presenting it to the end users, all the information is assessed and validated by the expert team members.
Automotive Aftermarket Market Scope and Market Size
The automotive aftermarket market is segmented on the basis of propulsion, product, service channel, certification, vehicle type, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
· On the basis of propulsion, the automotive aftermarket market has been segmented into IC-engine, electric and others. The IC engine is sub-segmented into gasoline and diesel. The electric is sub-segmented into battery electric and hybrid and plug-in hybrid.
· By product, the automotive aftermarket market has been segmented into replacement parts, and accessories. Replacement parts have been further segmented into belt, brakes, clutch, electrical parts, lighting, electrical and AC parts, exhaust, filters, suspensions, transmission, and wiper parts. Accessories have been further segmented into car exteriors, and car interiors.
· Based on service channel, the automotive aftermarket market has been segmented into do it yourself (DIY), do it for me (DIFM) and delegating to OEM’s (OE).
· On the basis of certification, the automotive aftermarket market has been segmented into genuine parts, certified parts, and uncertified parts.
· By of vehicle type, the automotive aftermarket market has been segmented into passenger vehicle and commercial vehicles. The passenger vehicles are sub-segmented into mini, hatchbacks, sedans, SUVs/MUVs and sports cars. The commercial vehicles are sub-segmented into light commercial vehicles and heavy commercial vehicles.
· On the basis of distribution channel, automotive aftermarket market has been segmented into offline distribution channel, and online distribution channel. Offline distribution channel has been further segmented into retailers, wholesalers and distributors. Retailers have been further sub segmented into repair shops and OEMs.
· 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.
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Market Analysis and Insights - Automotive Aftermarket Market
Ø The automotive aftermarket market is expected to witness significant growth during the forecast period of 2022-2029. The market research report by Data Bridge Market Research forecasts a CAGR of 4.75% for the market in the given period. The rising demand for vehicle customization, growing vehicle age, increasing average miles driven per year, and the availability of a wide range of aftermarket parts and services are some of the key factors driving the market growth. Moreover, the increasing awareness among consumers regarding vehicle safety, efficiency, and maintenance is also fueling the demand for automotive aftermarket products and services.
Ø The automotive aftermarket is a vital part of
the automotive industry, as it offers a wide range of products and services to
cater to the growing demand of consumers for vehicle customization,
maintenance, and repair. The market encompasses manufacturing, remanufacturing,
distribution, retailing, and installation of all vehicle parts, chemicals,
equipment, and accessories. With the growing number of vehicles on the road,
the demand for automotive aftermarket products and services is also increasing
rapidly. The market players are continuously investing in R&D activities to
develop new and innovative products to cater to the changing needs of
consumers.
The report answers questions such as:
1) What is the market size and forecast of the Automotive Aftermarket Market?
2) What are the inhibiting factors and impact of COVID-19 shaping the Automotive Aftermarket Market during the forecast period?
3) Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Aftermarket Market?
4) What is the competitive strategic window for opportunities in the Automotive Aftermarket Market?
5) What are the technology trends and regulatory frameworks in the Automotive Aftermarket Market?
6) What is the market share of the leading vendors in the Automotive Aftermarket Market?
7) What modes and strategic moves are considered suitable for entering the Automotive Aftermarket Market?
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Automotive Aftermarket Market Country Level Analysis
The global automotive aftermarket market is analyzed and market size insights and trends are provided by propulsion, product, service channel, certification, vehicle type, distribution channel and end user as referenced above.
The countries covered in the automotive aftermarket market report are
• Argentina and Rest of South America as part of South America
• Australia
• Belgium
• Brazil
• Canada and Mexico in North America
• China
• Egypt
• France
• Germany
• India
• Indonesia
• Israel
• Italy
• Japan
• Malaysia
• Netherlands
• Philippines
• Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC)
• Rest of Europe in Europe
• Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
• Russia
• Saudi Arabia
• Singapore
• South Africa
• South Korea
• Spain
• Switzerland
• Thailand
• Turkey
• U.A.E
• U.K.
• U.S.
Key Players- Automotive Aftermarket Market
Some of the major players operating in the automotive aftermarket market report are Tenneco Inc., Dana Limited., ZF Friedrichshafen AG, Visteon Corporation., Johnson Controls., BorgWarner Inc., Marelli Holdings Co., Ltd., Continental AG, 3M, Robert Bosch GmbH, DENSO CORPORATION, General Motors., AKEBONO BRAKE INDUSTRY CO., LTD., American Axle & Manufacturing, Inc., ASIMCO, Bridgestone Corporation, Gates Unitta , The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., Prestone Products Corporation., and THE YOKOHAMA RUBBER CO., LTD., among others.
MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Automotive Aftermarket Market by product type, Application, Form, End User and distribution channel.
Get TOC Details https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-aftermarket-market
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