Latest Research Study on Automotive Aftermarket Market during 2018 – 2026 including Major Leading Companies, Applications and Future Scope
Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income.
Automotive Aftermarket Market is anticipated to reach USD 519.2 billion by 2026. In 2017, the tire segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.
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The expanding global automotive industry, along with increasing average age of vehicles majorly drives the Automotive Aftermarket Market growth. Consumers are increasingly becoming aware of proper maintenance and repair of vehicles, which supports market growth.
Other factors driving Automotive Aftermarket Market growth include greater need for long distance travel, technological advancements in telematics technologies, and changing lifestyles. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for automotive aftermarket market in the coming years.
Key Players: -
- Faurecia
- Continental
- Toyota
- Royal Dutch Shell PLC
- Denso Corporation
- Johnsons Controls Inc.
- Exide Technologies
- 3M Company
- Delphi Automotive PLC
Automotive Aftermarket Market is highly competitive. Vendors offer products and services required for repair and maintenance for wide range of cars, trucks, vans, and buses. Consumers consider factors such as quality, price, convenience, and vehicle age before making informed decisions about repair and maintenance offered by market players.
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The various types of Automotive Aftermarket products include tire, wheels, battery, lighting, exhaust components, body parts, accessories, telematics, and others. The tire segment is expected to lead the market during the forecast period. Tires are easily damaged by external factors and need to be replaced periodically. There has been an increasing demand of radial tires owing to low rolling resistance, higher durability, and enhanced service.
Other companies profiled in the Automotive Aftermarket Market include Royal Dutch Shell PLC, Denso Corporation, Johnsons Controls Inc., Exide Technologies, Inc., Faurecia,3M Company, Delphi Automotive PLC, Magneti Marelli S.p.A, Goodyear Tire & Rubber Company, Delphi, Robert Bosch GmbH, Cooper Tire & Rubber Company among others.
These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
TOC of Automotive Aftermarket Market:
Chapter 1. Overview and Scope
Chapter 2. Executive Summary
Chapter 3. Automotive Aftermarket Market Insights
Chapter 4. Size and Forecast
Chapter 5. Dynamics and Segmentation
Chapter 6. Detailed Insight on Company Profiles
TOC Continued…...!!!
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on Monday November 12 2018, 5:47 AM EST.
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