Press release
Automotive Aftermarket Market Is Projected To Reach $606.66 Billion By 2026 | Leading Players - Continental AG, Delphi Automotive PLC, Robert Bosch GmbH, Denso Corporation
Automotive Aftermarket Global Market Report 2022 - Market Size, Trends, And Global Forecast 2022-2026' by The Business Research Company is the most comprehensive report available on this market, with analysis of the market's historic and forecast growth, drivers and restraints causing it, and highlights of the opportunities that companies in the industry can take on. The automotive aftermarket market research report helps gain a truly global perspective of the automotive aftermarket industry as it covers 60 geographies worldwide. Regional and country breakdowns give an analysis of the market in each geography, with information on the size of the market by region and by country.The regions covered in the automotive aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest automotive aftermarket market share.
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The automotive aftermarket market consists of sales of automotive aftermarket products and related services by entities (organizations, sole traders, and partnerships) that provide automotive aftermarket solutions. Automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, supply, retail, and installation of all vehicle parts, tools, machines and accessories for light and heavy vehicles, after the sale of the automobile by the OEM (original equipment manufacturer). Aftermarket parts, also called as generic parts or non-OEM parts, are made by a manufacturer other than the vehicle's original manufacturer. These parts perform the same function as the original part and can be utilized as a replacement for original parts during repair and maintenance.
Key competitors in the automotive aftermarket market are 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY, Magneti Marelli S.p.A., Robert Bosch GmbH.
The global automotive aftermarket market size is expected to grow from $331.21 billion in 2021 to $346.37 billion in 2022 at a compound annual growth rate (CAGR) of 4.58%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global automotive aftermarket size is expected to reach $606.66 billion in 2026 at a CAGR of 15.04%.
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TBRC's report segments the global automotive aftermarket market:
1) By Type: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers
2) By Vehicle Type: Passenger Cars, Commercial Vehicles
3) By Certification Outlook: Genuine Parts, Certified Parts, Uncertified Parts
4) By Distribution Channel: Offline Distribution Channel, Online Distribution Channel
Read Further On The Automotive Aftermarket Market Here:
https://www.thebusinessresearchcompany.com/report/automotive-aftermarket-global-market-report
The Table Of Contents Includes:
1. Executive Summary
2. Automotive Aftermarket Market Characteristics
3. Automotive Aftermarket Market Trends And Strategies
4. Impact Of COVID-19 On Automotive Aftermarket
5. Automotive Aftermarket Devices And Equipment Market Size And Growth
…..
28. Key Mergers And Acquisitions In The Automotive Aftermarket Devices And Equipment Market
29. Automotive Aftermarket Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix
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