Press release
Automotive Aftermarket Market Key Players, End User Demand and Analysis Growth Trends by 2030
Global Automotive Aftermarket Market
After an original equipment manufacturer (OEM) sells a car to a consumer, all vehicle parts, chemicals, equipment, and accessories are manufactured, remanufactured, distributed, retailed, and installed in the automotive aftermarket, which is the secondary market of the automotive industry. The OEM may or may not manufacture the components, accessories, etc. that are for sale. "Aftermarket parts are separated into two categories: replacement parts and accessories," states a study from the International Trade Administration of the US Department of Commerce. When original equipment (OE) parts wear out or are damaged, replacement car parts are created or remanufactured to take their place. Accessories are components created for convenience, performance, safety, or personalization and intended for addition to the motor after the initial sale.
The auto industry is not complete without the automotive aftermarket. The market for vehicle components has grown significantly in recent years, both locally and globally. The re-provisioning of production facilities in emerging economies and mergers and acquisitions are two key indicators of the global automotive industry. Strong aftermarket business is a result of rising capacity, competition, redundancy, and overlap.
Strong disruptive forces are developing in the automotive aftermarket as a result of rising global vehicle populations, connectivity trends, and evolving vehicle technology. As a result, this previously stable automotive industry is rapidly changing, which presents both opportunities and challenges for both current and new stakeholders.
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Global Automotive Aftermarket Market: Major Players
3M
Goodyear Tire & Rubber Company
Denso Corporation
Continental AG
Africa Automotive Aftermarket Solutions（Pty）Ltd
Federal-Mogul Corporation
Robert Bosch GmbH
Magneti Marelli S.p.A.
Delphi Automotive PLC
COOPER TIRE & RUBBER COMPANY
Imperial Holdings Limited
ZF Friedrichshafen AG
AutoZone SA
Global Automotive Aftermarket Market: Types
Tire
Battery
Brake Parts
Filters
Body Parts
Lighting & Electronic Components
Wheels
Exhaust Components
Turbochargers
Others
Global Automotive Aftermarket Market: Applications
Passenger Car
Commercial Vehicle
Global Automotive Aftermarket Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Automotive Aftermarket market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Frequently Asked Questions
1. How big is the automotive aftermarket?
2. What is the automotive aftermarket growth?
3. How much is the global automotive parts aftermarket valued at currently?
4. What is main factor driving demand for automotive parts in the aftermarket?
5. Which replacement part accounted for the highest share in the automotive aftermarket?
6. What are the key trends being witnessed in this marketplace?
7. Which distribution channel led the automotive aftermarket?
8. Which service channel segment dominated the global automotive aftermarket?
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