Wed, 20 Oct 2021

The Global Automotive Aftermarket Market is projected to reach USD 518.04 billion in 2027. The market growth is expected to increase through the digitalization of automobile repair and parts manufacturing, along with advanced technological incorporations of the production of automotive aftermarket components. The growing acceptance of semi-autonomous, electric, and hybrid and independent vehicles is expected to further fuel the growth of the industry.Manufacturers' innovative business models and strategies are anticipated to provide sustained market growth opportunities and rising investment in them.

The automotive aftermarket is expected to undergo a phase change due to the growing proportion of specialist car collision repair centers dedicated to servicing different vehicles, such as alternative fuel-powered vehicles.

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The digitization of the networks and services would also allow customers to deepen their research and inform about the quality, location, and availability of services in the workshop before buying or repairing their vehicle.

Competitor Analysis:

The latest report on the Global Automotive Aftermarket Market offers a holistic overview of the growth and other key aspects of the market across various segments and key regions. The Automotive Aftermarket report is a comprehensive guide to gain insightful information about market dynamics, current and emerging trends, product portfolio, growth prospects, competitive landscape, and consumer behavior. The Automotive Aftermarket report also offers insights to help readers formulate strategic investment and business expansion plans.

Key players in the market include Bridgestone Corporation, Hella KGaA Hueck & Co., Denso Corporation, Continental, ACDelco, Delphi Automotive, Fauraecia, BASF, Robert Bosch, and 3M Company, among others.

Regional Analysis:

North America has a higher acceptance rate of technology, which is expected to result in faster and higher penetration of hybrid electric cars in the area relative to other geographies.

The Automotive Aftermarket industry report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

Elements analyzed in the report:

The Global Automotive Aftermarket Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies. The assessment has been done based on primary and secondary research with a special focus on technological advancements, prominent industry players and suppliers, and distributors operating in the industry. The report is formulated to assist the readers better understand the overall market and make well-informed decisions.

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The research study presents an industry-wide summary of the Automotive Aftermarket market, including drivers, constraints, technological advancements, product developments, limitations, growth strategies, growth prospects, etc. among others. The Automotive Aftermarket7 report analyzes the market based on different categories, such as product types, end-user applications, and leading geographical regions.

Segmental Analysis:

The Automotive Aftermarket market report provides an in-depth analysis of the key competitors operating in the industry. The report offers insights into their product portfolio, business overview, financial standing, market position, revenue generation, market share and market size, and production and manufacturing capacity along with pricing analysis.

Replacement Part Outlook (Revenue: USD Billion; 2017-2027)

Tire

Battery

Brake Parts

Filters

Body parts

Lighting & Electronic Components

Wheels

Exhaust components

Turbochargers

Others

Certification Outlook (Revenue: USD Billion; 2017-2027)

Genuine Parts

Certified Parts

Uncertified Parts

Service Channel Outlook (Revenue: USD Billion; 2017-2027)

DIY

DIFM

OE

Distribution Channel Outlook (Revenue: USD Billion; 2017-2027)

Retailers

Wholesalers & Distributors

Key Questions Answered in the Report:

What is the growth rate of the Automotive Aftermarket market? What is the anticipated market valuation of the Automotive Aftermarket industry by 2027?

What are the key growth driving and restraining factors of the Automotive Aftermarket market?

Who are the prominent players operating in the market? What are the key strategies adopted by these companies?

What are the key opportunities and growth prospects of the Automotive Aftermarket industry over the forecast period?

Which region is expected to show significant growth in the coming years?

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