Automotive Aftermarket 2018 Industry Trends, Leading Players - Aisin Seiki, Continental, Bosch, Valeo, 3M, Denso, Cooper Tire, Magneti Marelli, Sumitomo Electric, Aptiv, And Federal-Mogul

Automotive Aftermarket Research Report 2018 - Global Forecast to 2023, is latest In-depth Global Automotive Aftermarket Industry Trends, Size, Share, And Regional analysis research report, published by “Market Research Future. Global Automotive Aftermarket is to grow at strategic CAGR in next four years. Automotive Aftermarket is segmented by Offering (Parts, Services), Channel (Authorized Repair, Independent Repair), Vehicle Age (0-4 years, 4-8 years, Above 8 years) and Vehicle Type (Passenger Vehicle, Commercial Vehicle) and region.

Automotive Aftermarket Key Players Analyzed in Report:

Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), Valeo (France), 3M (U.S.), Denso Corporation (Japan), Cooper Tire & Rubber Company (U.S.), Magneti Marelli S.p.A. (Italy), Sumitomo Electric Industries Ltd. (Japan), Aptiv PLC (U.K.), Federal-Mogul Corporation (U.S.).

Get Sample Copy of “Automotive Aftermarket Research Report - Forecast to 2023”at: https://www.marketresearchfuture.com/sample_request/6251

Market Scenario:

Market Research Future (MRFR)’s latest report reveals that the global automotive aftermarket is set to expand at 4.40% CAGR during the forecast period (2017-2023). With increased focus on high-quality and low-cost, OEMs are aggressively expanding their aftermarket activities. Over the years, the global automotive aftermarket has become more dynamic owing the growing level of competition. The market players are rapidly expanding in emerging markets in Asia and Latin America that were previously untapped.

The growth of the market vendors is dependent on market conditions, government support, and industry development. Players focus on strengthening their presence worldwide through partnership & collaboration followed by mergers & acquisitions during the forecast period. These strategies are widely adopted to increase their presence and the customer base. The competitive environment in the market is likely to intensify further due to new product development and business expansion.

The market has witnessed advancement in the recent years also due to continuous product innovation and increased collaboration activities. Most players are competing on fronts such as quality and cost, which is reflecting favorably on the overall growth of the market. The aforementioned factors are also helping the market players to strengthen their global market position. A huge number of companies currently operate in the automotive aftermarket, with large-sized players collectively commanding over the majority share of the market in terms of revenue. The strong grip of established companies and fierce competition is creating entry barriers for new player.

Segmentation:

MRFR’s report offers a detailed segmental analysis of the market based on offering, channel, vehicle age, vehicle type and region. By offering, the market has been segmented into parts and services. Among these, the parts segment accounts for the largest market share and is likely to remain highly lucrative throughout the forecast period. By channel type, the market has segmented into authorized repair and independent repair. The authorized repair segments currently dominates the market and the trend is likely to continue in 2018 and beyond. By vehicle age, the market has been segmented into vehicles with 0-4 years, 4-8 years, and above 8 years. The 0-4 years segment is expected to remain a highly profitable and surge at a strong CAGR. By vehicle type, the market has been segmented into passenger vehicle and commercial vehicle. The former will continue to outperform the later throughout the assessment period.

Regional Analysis:

On the basis of region, the global automotive aftermarket has been segmented into North America, Europe, Asia Pacific (APAC), and the Middles East & Africa (MEA). North America, led by the U.S. is expected to spearhead the global automotive aftermarket during the forecast period. In terms of revenue, North America currently accounts for more than half of the share of the global market. Countries such as the U.S. and Canada present significant opportunities for market players, therefore the region remains a prominent destination for investors.  The U.S. is home to some of the leading automotive aftermarket manufacturers, which also makes a major manufacturing hub of automotive aftermarket components. Europe is expected to maintain its second position in the global automotive aftermarket over 2023. Factors such as the increased demand for automotive aftermarket product and rising trend of reuse is supporting the growth of the market in the region. 

Denso Corporation is engaged in the manufacture and supply of advanced automotive technologies, systems, and components for major automobile manufacturers. Denso Corporation has 191 sites all over the world, as of 2016. The company operates through major business segments such as powertrain control, thermal, information & safety, electronics, small motors and new business. Denso Corporation is headquartered in Japan. The firm has an employee strength of approximately 151,000 individuals as of 2016. Denso Corporation has presence in countries such as China, Japan, U.S., Canada, U.K., Germany, Italy, and South Africa. The company has adopted new product development as their strategy to cater to a wide range of customers. The company is working to reduce heat loss caused by air ventilation and to minimize air-conditioning capacity by directing, both the heating and cooling functions solely to passengers, and by promoting increased power-saving capabilities. In 2018, the company announced two new thermal product groups for DENSO EUROPE — resistors and HVAC actuators.

 Major Table of Contents:

Table 1 Global Adaptive Suspension System Market: By Region, 2017-2023

Table 2 North America Adaptive Suspension System Market: By Country, 2017-2023

Table 3 Europe Adaptive Suspension System Market: By Country, 2017-2023

Table 4 Asia Pacific Adaptive Suspension System Market: By Country, 2017-2023

Table 5 RoW Adaptive Suspension System Market: By Country, 2017-2023

Continued...

Browse more details on “Automotive Aftermarket Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/reports/automotive-aftermarket-industry-6251

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Us:

Amanora Chambers,

Magarpatta Road, Hadapsar

Pune - 411028

Maharashtra, India+1 646 845 9312

sales@marketresearchfuture.com

This release was published on openPR.