ASEAN Automotive Aftermarket New Business Opportunities Bridgestone, ACDelco, Denso Corporation, Aisin Seiki , Hella KGaA Hueck & Co., BorgWarner

ASEAN Automotive Aftermarket Market Research study which offers insights of in-depth research on historic and current market size along with the expected future prospects of the market and emerging trends in the market. The ASEAN Automotive Aftermarket Market report provides crucial information about the market, including Opinions from Industry experts, and the recent progressions and developments of the ASEAN Automotive Aftermarket Market.

The automotive aftermarket is the secondary market of the automotive industry which deals with manufacturing, remanufacturing, distribution, retailing, and installation of vehicle parts, equipment, chemicals, and accessories. This is done after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer. The automotive aftermarket deals with oil and lubricants, batteries, tires, filters, starters and alternators, coatings and paint consumables, exhaust components, spark plugs, crash parts, etc. Moreover, there are interior and exterior accessories including audio/video devices, steering wheels, parking brake handles, shift boots, grills, headlight covers, front & rear guards, mirrors, etc. Consumers can repair their vehicles on their own with the DIY segments or can take the vehicle to professional repair facilities.

The ASEAN automotive aftermarket was accounted for US$ 25,250.2 Mn in 2019 is expected to exhibit a CAGR of 9.7% during the forecast period.

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Major Keyplayers Like : Bridgestone Corporation

ACDelco
Denso Corporation
Aisin Seiki Co., Ltd.,
Hella KGaA Hueck & Co.
BorgWarner Inc.
Robert Bosch GmbH
Continental AG
Magneti Marelli SpA
Delphi Automotive PLC
Faurecia SA.
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High replacement and maintenance cost is expected to restrain growth of the ASEAN automotive aftermarket during the forecast period
Increasing technical complexities of the vehicles, cost of replacement parts, and maintenance costs are the major factors impacting growth of the market. Moreover, cost of tools and equipment has increased in the recent past, due to advancements in replacement parts. These factors combined with increasing labor costs and reluctance of customers to adapt to these high-cost parts are expected to restrain the market growth in the near future. According to the primary interviews conducted with key opinion leaders, the annual passenger car maintenance cost per unit is expected to increase up to 2X over the forecast period.

Inconsiderate attitude towards maintenance and services is expected to hinder the ASEAN automotive aftermarket growth over the forecast period
In emerging countries from ASEAN, cars owners are unwilling to invest in preventive maintenance, which leads to high costs. Majority of owners get their car serviced and parts replaced under the warranty period. However, after this period, service frequency increases significantly. This is typically due careless attitude of vehicle owners towards safety of vehicle and focus on saving additional expenditure in maintenance. Thus, these factors are expected to hinder the ASEAN automotive aftermarket growth over the forecast period.

There are Multiple Chapter to display the Global ASEAN Automotive Aftermarket Market some of them As Follow:

Chapter 1, Definition, Specifications, Classification, Applications of ASEAN Automotive Aftermarket Market Segment by Regions;
Chapter 2, Manufacturing Cost Structure, Raw Material and Suppliers, Manufacturing Process, Industry Chain Structure;
Chapter 3, Technical Data and Manufacturing Plants Analysis of ASEAN Automotive Aftermarket, Capacity and Commercial Production Date, Manufacturing Plants Distribution, R&D Status and Technology Source, Raw Materials Sources Analysis;
Chapter 4, Overall Market Analysis, Capacity Analysis (Company Segment), Sales Analysis (Company Segment), Sales Price Analysis (Company Segment);
Chapter 5 and 6, Regional Market Analysis that includes United States, China, Europe, Japan, Korea & Taiwan, ASEAN Automotive Aftermarket Segment Market Analysis (by Type);

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Key Highlights of the Table of Contents:

ASEAN Automotive Aftermarket Market Study Coverage:It includes key manufacturers covered, key market segments, the scope of
products offered in the global Colposcopy market, years considered, and study objectives. Furthermore, it
touches the segmentation study provided in the report on the basis of the type of product and applications.

ASEAN Automotive Aftermarket Market Executive Summary: This section emphasizes on the key studies, market growth rate,
competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.

ASEAN Automotive Aftermarket Market Production by Region: The report provides information related to import and export,
production, revenue, and key players of all regional markets studied are covered in this section.

ASEAN Automotive Aftermarket Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this
section. This also provides SWOT analysis, products, production, value, capacity, and other vital factors of
the individual player.

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