Press release
Global Motor Vehicle And Parts Dealers Market: Size, Share, Applications, and Growth Opportunities 2023-2032 | Penske Automotive Group Inc., AutoNation Inc., CarMax Inc., AutoZone Inc., Lithia Motors Inc
Motor Vehicle And Parts Dealers Market
As per the Motor Vehicle And Parts Dealers market report by The Business Research Company, Motor vehicle and parts dealers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for motor vehicle and parts dealers to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward.
The global motor vehicle and parts dealers market grew from $4,562.94 billion in 2022 to $4,929.73 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicle and parts dealers market is expected to grow to $6,467.01 billion in 2027 at a CAGR of 7.0%.
Read More On The Motor Vehicle And Parts Dealers Market Report Here:
https://www.thebusinessresearchcompany.com/report/motor-vehicle-and-parts-dealers-global-market-report
Major competitors in the Motor Vehicle And Parts Dealers market include Penske Automotive Group Inc., AutoNation Inc., CarMax Inc., AutoZone Inc., Lithia Motors Inc., O'Reilly Automotive Inc., Group 1 Automotive Inc., Jardine Cycle & Carriage Limited, Advance Auto Parts Inc., and Sonic Automotive Inc.
The Motor Vehicle And Parts Dealers Market is segmented -
• By Type: Auto Parts And Accessories, Automobile Dealers, Other Motor Vehicle Dealers
• By Ownership: Retail Chain, Independent Retailer
• By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store. Asia-Pacific was the largest region in the motor vehicle and parts dealers market in 2022.
Request A Free Sample Of The Motor Vehicle And Parts Dealers Market Report Here:
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Motor vehicle and parts dealers refers to merchants that sell automobiles, other motor vehicles, automotive parts, accessories, and tyres to ultimate users. The companies in the industry typically operate from showrooms where vehicles and related parts are displayed.
The major types of motor vehicle and parts dealers are auto parts and accessories, automobile dealers, and other motor vehicle dealers. An automobile dealership is a retail establishment that sells, rents, or leases new or used automobiles. Retail chain and independent retailer ownership is managed through exclusive retailers/showrooms and inclusive retailers/dealer stores.
The Table Of Content For The Motor Vehicle And Parts Dealers Market Include:
1. Executive Summary
2. Report Structure
3. Motor Vehicle And Parts Dealers Market Characteristics
4. Motor Vehicle And Parts Dealers Market Product Analysis
5. Motor Vehicle And Parts Dealers Market Supply Chain
……
21. Key Mergers And Acquisitions In The Motor Vehicle And Parts Dealers Market
22. Market Background: Retail Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The "Global Motor Vehicle And Parts Dealers 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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