Global Passenger Car Aftermarket Market CAGR Analysis, Trends, Demand, Astonishing Growth And Top Leading Players Like Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the passenger car aftermarket market report by The Business Research Company, the increasing the average lifespan of a car is one of the major drivers of the passenger car aftermarket as it leads to an increase in consumers' regular maintenance and scheduled servicing of the vehicle. The lifespan of the car describes the maximum service life in terms of mileage and time. Changing wheels, batteries, spark plugs, and air filters play a significant role in prolonging the life of a vehicle. According to IHS automotive Market in 2021, the typical age of cars on the road in the US increased to 12.1 years from 11.9 years old in 2020.

The global passenger cars aftermarket market grew from $226.33 billion in 2022 to $238.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The passenger cars after market market is expected to grow from $290.21 billion in 2027 at a CAGR of 5.1%.

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https://www.thebusinessresearchcompany.com/report/passenger-cars-after-market-global-market-report

Major competitors in the passenger car aftermarket market include Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company, Delphi Automotive PLC., ZF friedrichshafen AG, Magneti Marelli S.p.A, Cooper tire & Rubber Company, Federal -Mogul Corporation.

The passenger car aftermarket market is segmented -
• By Type: Tires, Battery, Brake parts, Filters, Body parts, Lighting, Wheels, Exhaust components, Turbochargers, Other Types
• By Distribution Channel: Retailers (OEM's, Repiar Shops), Wholesalers & Distributors
• By Certifiations: Genuine Parts, Certified Parts, Uncertified Parts
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the passenger car aftermarket market.

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The passenger car aftermarket market includes revenues earned by entities by providing services such as manufacturing, distribution, retailing, installation, and remanufacturing of all vehicle parts and accessories. Revenues include fees, interest payments, commissions or transaction charges. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold To End Consumers Are Included.

The Table Of Content For The Passenger Car Aftermarket Market Include:
1. Executive Summary
2. Passenger Car Aftermarket Market Characteristics
3. Passenger Car Aftermarket Market Trends And Strategies
4. Passenger Car Aftermarket Market- Macro Economic Scenario
5. Passenger Car Aftermarket Market Size And Growth
6. Passenger Car Aftermarket Market Segmentation
…………
27. Passenger Car Aftermarket Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Passenger Car Aftermarket Market
29. Passenger Car Aftermarket Market Future Outlook And Potential Analysis
30. Appendix

The "Global Passenger Car Aftermarket Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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