Global Automotive Aftermarket Market
Global Automotive Aftermarket Market
Global Automotive Aftermarket Market
The automotive aftermarket business is anticipated to attain $403.6 bn by 2020 up from $610.1 bn, rising at a CAGR of round 5.7% between 2021 and 2028
— Zion Market Research
SUITE N202, NEW YORK, UNITED STATES, September 5, 2022 /EINPresswire.com/ — The report covers forecast and evaluation for the Automotive Aftermarket Industry on a worldwide and regional stage. The research supplies historic information from 2016 to 2019 together with a forecast from 2021 to 2028 primarily based on income (USD Billion). The research contains drivers and restraints for the Global Automotive Aftermarket Market Industry together with the impression they’ve on the demand over the forecast interval. Additionally, the report contains the research of alternatives accessible within the Automotive Aftermarket Industry on a worldwide stage.
Market Size
According to the Report, Automotive Aftermarket Industry accounted for USD 403.6 Billion in 2020 and is anticipated to attain USD 610.1 Billion by 2028, rising at a CAGR of round 5.7% between 2021 and 2028.
The report covers forecast and evaluation for the Automotive Aftermarket Industry on a worldwide and regional stage. The research supplies historic information from 2016 to 2019 together with a forecast from 2021 to 2028 primarily based on income (USD Billion). The research contains drivers and restraints for the Automotive Aftermarket Industry together with the impression they’ve on the demand over the forecast interval. Additionally, the report contains the research of alternatives accessible within the Automotive Aftermarket Industry on a worldwide stage.
This report provides complete protection of the worldwide Automotive Aftermarket Industry together with, market tendencies, drivers, and restraints of the Automotive Aftermarket Industry. This report features a detailed aggressive state of affairs and product portfolio of key distributors. To perceive the aggressive panorama available in the market, an evaluation of Porter’s 5 forces mannequin for the Automotive Aftermarket Industry has additionally been included. The research encompasses a market attractiveness evaluation, whereby all segments are benchmarked primarily based on their market dimension, development charge, and basic attractiveness. This report is ready through the use of information sourced from in-house databases, and secondary and first analysis groups of business consultants. Research analysts and consultants cooperate with main corporations of the involved area to confirm each worth of information that exists on this report.
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Europe and the Asia Pacific are rising markets for the automotive aftermarket. Considerable development within the high-quality model, lowering engineering prices, and modular structure are the elements which are anticipated to broaden the market globally. The Asia Pacific is anticipated to be the most important market.
Market Segmentation
The research supplies a decisive view of the Automotive Aftermarket Industry by segmenting the market primarily based on kind and area. All these segments have been analyzed primarily based on current and future tendencies and the market is estimated from 2016 to 2028. Based on software, the Automotive Aftermarket Industry may be segmented into substitute components and equipment. This report additionally contains the present and forecast demand for the area of North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
COVID-19 Impact Analysis
The automotive and transportation industries’ unit of measurement is among the many foremost prone to the persevering with COVID-19 incidence, which the unit of measurement presently experiencing unequaled uncertainty. COVID-19 is anticipated to have a big effect on the business’s give chain and manufacturing. The business’s most important concern has shifted from disruptions in China’s give chain to a basic return by demand for its merchandise supplied aftermarket. With, all non-essential companies pack up, demand for business automobile components is anticipated to plunge.
Furthermore, modifications in shopper buying habits due to the pandemic’s uncertainty may have a big impression on the business’s near-term development. Meanwhile, the aftermarket gamers have already been affected by a liquidity scarcity and money crunch.
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Key Market Players & Competitive Landscape
3M Company
Continental AG
Cooper Tire & Rubber Company
Delphi Automotive PLC, Denso Corporation
Federal-Mogul Corporation
HELLA KGaA Hueck & Co.,
Robert Bosch GmbH
Valeo Group
ZF Friedrichshafen AG
The main business individuals. Technological propagation and improved investments in R&D actions by producers and associations are projected to drive business development.
By Replacement Part
Tires
Filters
Body Parts
Turbochargers
Battery
Brake Parts
Lighting & Electronic parts
Wheels
Exhaust Components
Others
By Distribution Channel
Local Shops
OEMs
Authorized Service Centres
Repair Shops
Others
By Region
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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Table Of Content
Chapter No. 1: Introduction
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. USP & Key Offerings
1.2. Key Benefits for Stakeholders
1.3. Target Audience
1.4. Report Scope
Chapter No. 2: Executive Summary
2.1. Key Findings
2.1.1. Top Investment Pockets
2.1.1.1. Market Attractiveness Analysis, By Replacement Parts
2.1.1.2. Market Attractiveness Analysis, By Region
2.2. Market Snapshot
2.3. Global Automotive Aftermarket Market, 2016 – 2028 (USD)
2.4. Insights from Primary Respondents
Chapter No. 3 COVID 19 Impact Analysis
3.1. Impact Assessment of COVID-19
ToC Continue….
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