Press release
Motor Vehicle And Parts Dealers Market Report 2020-30: Covid 19 Impact And Recovery
The Business Research Company offers “Motor Vehicle And Parts Dealers Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.The global motor vehicle and parts dealers market is expected to decline from $4461.5 billion in 2019 to $4420.7 billion in 2020 at a compound annual growth rate (CAGR) of -1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $5196.7 billion in 2023.
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The motor vehicle and parts dealers’ market consists of sales of motor vehicles and parts and related services by entities (organizations, sole traders and partnerships) that sell l automobiles, other motor vehicles, automotive parts, accessories, and tires to ultimate users. The companies in the industry typically operate from showrooms where vehicles and related parts are displayed.
Virtual reality empowers the customer experience by letting them connect to the product with interactive and personalized options. Virtual reality allows the customers to immerse themselves in the experience of owning a product. Automotive company Lexus is using virtual reality technology which allows its customers to virtually test drive their new models.
Motor Vehicle And Parts Dealers Market Segmentation: -
By Type
1. Auto Parts And Accessories
2. Automobile Dealers
3. Other Motor Vehicle Dealers
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Motor Vehicle And Parts Dealers Market Characteristics
4. Motor Vehicle And Parts Dealers Market Product Analysis
5. Motor Vehicle And Parts Dealers Market Supply Chain
………………
19. Motor Vehicle And Parts Dealers Market Competitive Landscape
20. Key Mergers And Acquisitions In The Motor Vehicle And Parts Dealers Market
21. Market Background: Retail Market
22. Recommendations
23. Appendix
The report covers the trends and market dynamics of the motor vehicle and parts dealers’ market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the motor vehicle and parts dealers’ market are AutoNation, CarMax, Group 1, Penske Automotive Group, Sonic Automotive
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The Business Research Company
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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