The global automotive after market size is expected to reach USD 486.36
billion by 2025, according to a new report by Grand View Research, Inc.,
registering a 4.2% CAGR during the forecast period. Digitalization of
automotive repair and component sales has been brought on by the incorporation
of advanced technologies; this is slated to boost market growth. Surging
reception of electric and hybrid vehicles as well as semi-autonomous and
autonomous cars in the years to come is further expected to bolster market
growth. Based on replacement parts, the market can be categorized into tire,
battery, brake parts, filters, body parts, lighting and electronic components,
wheels, exhaust components, and turbochargers.
Increasing vehicle sales are driven by overall improvement in living
standards, especially in developing countries such as India and Brazil. This
has driven the global automobile industry. Similar growth in automotive
manufacturing across various regions, along with increasing stringent emissions
norms, is expected to drive automotive aftermarket component sales over the
forecast period.
Asia Pacific is expected to be the fastest growing market for automotive
collision repair services over the forecast period, owing to high vehicle
production, rising road accidents, and improving living standards of consumers.
It is also anticipated to be the fastest-growing market in automobile
production. With growing penetration and acceptance of gas and hybrid/ electric
cars, specialized repair centers are expected to increase.
Full Research Report On automotive aftermarket Analysis: https://www.grandviewresearch.com/industry-analysis/aftermarket-automotive-parts-market
Further key findings from the report suggest:
·
The automotive aftermarket is estimated to
grow significantly over the forecast period, owing to an increase in number of
lightweight vehicles
·
North America has a higher technology
adoption rate, which is anticipated to result in faster and higher adoption of
hybrid/electric automobiles in the region
·
The global automotive aftermarket is
anticipated to be driven by mushrooming specialized automotive collision repair
centers dedicated toward serving specific vehicles such as alternate fuel
powered vehicles
·
Key industry participants include Magneti
Marelli S.p.A., Continental AG, 3M Company, Federal-Mogul Corporation, Delphi
Automotive PLC, Robert Bosch GmbH, and Denso Corporation.
View More Reports
Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the global automotive aftermarket
based on replacement part, distribution channel, service channel,
certification, and region:
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
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o U.K.
·
Asia Pacific
o China
o India
o Japan
·
South America
o Brazil
·
Middle East & Africa
View
Press Release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-automotive-aftermarket-industry
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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