Covid-19 Impact on Automotive Aftermarket Market 2021-2025: Growth by Top Company’s- 3M, Continental, Delphi

Global Automotive Aftermarket Market Synopsis:

The exclusive research report on the Global Automotive Aftermarket Market 2021-2025 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global Automotive Aftermarket Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.

The Global Automotive Aftermarket Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Automotive Aftermarket market size to maintain the average annual growth rate of 0.0570726726684 from $156.23 Billion in 2015 to $206.2 Billion $ in 2019, market analysts believe that in the next few years, Automotive Aftermarket market size will be further expanded, we expect that by 2025, The market size of the Automotive Aftermarket will reach $302.64 Billion.

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The most significant key factors driving the growth of the Global Automotive Aftermarket Market are rapid growth in the sales of pre-owned and new vehicles, ageing of vehicles, and poor road conditions.

Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion. The Automotive Aftermarket Market is segmented based on Product, source, application and Regions. On the basis of product, the market is sub-segmented.

Regionally, North America and Europe holds major share in Global Automotive Aftermarket Market. Moreover, Asia-Pacific is expected to record higher growth rate in Automotive Aftermarket market during the forecast year.

Top Major Key Players in the Global Automotive Aftermarket Market:

1 VOLKSWAGEN

2 Great Wall Automobile

3 Continental AG

4 3M Company

5 Delphi Automotive PLC

6 Federal-Mogul Corporation

7 Denso Corporation

8 Magneti Marelli S.p.A.

9 Robert Bosch GmbH and More…………….

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Product Type Segmentation

1 Tire

2 Fluid

3 Filter

Industry Segmentation

1 Passenger Car

2 Commercial Vehicle

Global Business News:

Continental AG (March 03, 2021) - Continental’s Hose and Line Business on Track for Low-Emission and Zero-Emission Mobility - The technology company Continental has announced a new strategy for its hose and line business revolving around two primary objectives: “On the one hand, we are more strongly targeting eMobility as a major growth market. On the other hand, we are committed to helping automotive manufacturers further reduce emissions and meet increasingly strict emission standards,” explains Philip Nelles, Head of Mobile Fluid Systems – the business unit at Continental responsible for automotive hoses and lines. “Hoses and lines are absolutely essential factors in achieving emission-free and low-emission mobility. This is where we are stepping in to make an important contribution to sustainable mobility, and our order books are already reflecting this. Last year, alone, we received orders worth roughly 275 million euros for hoses and lines to be used in battery and hybrid drives for vehicles produced by German, Asian and North American manufacturers,” he continues. The reason for this trend is rising global demand for zero-emission electric and hybrid vehicles.

Sophisticated thermal management extends ranges of electric and hybrid vehicles

A major feature of Continental’s lines and hoses is sophisticated thermal management. This is driven by the fact that batteries in electric vehicles are most efficient when operated at temperatures ranging from 20 to 40°C. Battery life can be increased by either cooling or heating batteries in response to ambient temperatures. This leads to complex circuits which place significantly greater demands on individual components, including hoses and lines. Hoses and lines help to keep batteries and highly sensitive control circuits cool in electric and hybrid vehicles. Among other things, this has a beneficial impact on the range of battery-powered vehicles.

“We also achieve important weight savings thanks to an optimal mix of materials. After all, the less a vehicle weighs, the less energy is lost during acceleration and braking, and the further it can travel,” explains Nelles. Lines of smaller cross-section – for example on the high-pressure side and in battery cooling lines – save weight due to less coolant being needed than with earlier systems. The right mix of rubber, polyamide and aluminum materials and efficient line geometry ensure adequate inherent stability of the resulting systems. Towards this end, high-performance plastics are used in the engineering of Continental’s lines and connecting elements.

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Major Points in Table of Contents:

Global Automotive Aftermarket Market Report 2021

1 Automotive Aftermarket Product Definition

2 Global Automotive Aftermarket Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Automotive Aftermarket Shipments

2.2 Global Manufacturer Automotive Aftermarket Business Revenue

2.3 Global Automotive Aftermarket Market Overview

2.4 COVID-19 Impact on Automotive Aftermarket Industry

3 Manufacturer Automotive Aftermarket Business Introduction

3.1 VOLKSWAGEN Automotive Aftermarket Business Introduction

3.2 Great Wall Automobile Automotive Aftermarket Business Introduction

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