Press release
Automotive Parts and Accessories Market Revenue Research 2023- Global Industry Size, Demand, Future Trends, Growth Opportunities and Forecast Research Report 2032: SPER Market Research
The digitalization of car repairs and component sales brought about by advancements in technology has sped up the expansion of the automotive aftermarket industry. Automotive aftermarket activities include the manufacture, remanufacturing, distribution, redistribution, end-retail, resale, and installation of a vehicle. Replacement, collision, aesthetic, and performance parts are all included in the aftermarket. The digitization of automotive component sales and maintenance brought about by the employment of cutting-edge technology has enhanced the aftermarket's profile.
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Automotive Parts and Components Market Overview (2022-2032)
Forecast CAGR (2022-2032): 3.80%
Forecast Market Size (2032): 2287.8 billion
The worldwide integrated automobile industry was severely and quickly impacted by the COVID-19 issue. The automobile sector is already under tremendous strain from a downturn in global demand, but the closure of vehicle assembly factories, widespread production disruptions, and disruption in the export of aftermarket components all adding to the problem. Due to COVID-19, less people are driving since they remain at home and the economy has entered a recession, which means that their automobiles last longer. In Past Years, the COVID-19 pandemic had an effect on the sales of aftermarket automobile components. However, it is anticipated that in the upcoming years, the fleet of aged vehicles would increase demand for these automotive parts.
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Automotive Parts and Accessories Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Product:
Battery
Body Parts
Brake Parts
Filters
Lighting & Electronic Components
By Application:
DIFM (Do it for Me)
DIY (Do it Yourself)
OE (Delegating to OEM's)
By Distribution Channel:
Wholesale & Distributers
Retailers
By Certification
Genuine Parts
Uncertified Parts
By Region:
Asia-Pacific
Europe
Middle East
Africa
North America
Latin America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market's historic and forecast market growth by geography.
Automotive Parts and Accessories Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; 3M Company, Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denco Corporation, Federal-Mogul Corporation, Hella KGaA Huek & Co, Robert Bosch GmbH, Valeo Group, ZF Friedchshafen.
Related Reports:
https://www.sperresearch.com/report-store/asia-pacific-electric-vehicle-transmission-market.aspx
https://www.sperresearch.com/report-store/automotive-filters-market.aspx
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