The global wholesale & distribution automotive aftermarket is expected to reach USD 277.37 billion by 2025,
according to a new report conducted by Grand View Research, Inc. Digitalization
of automotive repair & component sales, complemented with advanced
technology incorporations in the automobile aftermarket component
manufacturing, is expected to boost the market growth. The surging reception of
semi-autonomous, electric vehicles, and hybrid & autonomous cars in the
years to come is further expected to bolster the new component market growth.
The market has been categorized based on replacement parts into tire, battery,
brake parts, filters, body parts, lighting & electronic components, wheels,
exhaust components and other replacement parts
The increasing vehicle penetration is
driven by the overall improvement of lifestyle in developing countries, such as
India and Brazil, and is expected to drive the growth of the automobile
industry in these countries. Similar surges in the automotive manufacturing
sector across various regions, along with increasingly stringent norms
regarding emissions, are expected to drive the growth of automotive aftermarket
component sales over the forecast period.
The Asia Pacific regional market is
expected to be the fastest-growing market for automotive collision repair
services over the forecast period, owing to its developing living standards and
high vehicle production. It is also anticipated to be the fastest-growing
market in automobile production. With the growing penetration and acceptance of
gas and hybrid electric cars, the number of specialized repair centers
dedicated toward repair of particular vehicles is expected to increase.
The wholesale & distribution automotive
aftermarket is expected to witness tremendous growth due to an upsurge in the
number of vehicle collisions along with the inclination of owners toward
repairing automobiles.
Browse full report by Grand View
Research :
Further key findings from the report suggest:
·
The wholesale & distribution automotive
aftermarket is estimated to grow significantly over the forecast period, owing
to an increase in the number of lightweight vehicles coupled with the
increasing age of light vehicle fleet.
·
North America has witnessed a higher
technology adoption rate, which, in turn, is anticipated to result in a faster
and higher adoption of hybrid electric automobiles in the region as compared to
other geographies.
·
The wholesale & distribution automotive
aftermarket is anticipated to witness a phase change attributable to the
growing proportion of specialized automotive collision repair centers that are
dedicated to 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.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
wholesale & distribution automotive aftermarket based on replacement parts
and regions:
Wholesale & Distribution Automotive Aftermarket
Replacement Part Outlook (Revenue, USD Billion; 2014 - 2025)
·
Tire
·
Battery
·
Brake parts
·
Filters
·
Body parts
·
Lighting & electronic components
·
Wheels
·
Exhaust components
·
Others
Wholesale & Distribution Automotive Aftermarket
Regional Outlook (Revenue, USD Billion; 2014 - 2025)
·
North America
o U.S.
o Canada
o Mexico
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
South America
o Brazil
·
The Middle East & Africa
Access press release by Grand View Research : https://www.grandviewresearch.com/press-release/global-wholesale-distribution-wd-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.