Press release
At 7.75% CAGR Automotive Aftermarket Market potentially worth $ 302.64 billion by 2021
Automotive Aftermarket
Get Sample Copy of Automotive Aftermarket Market spread across 99 pages, profiling XX companies and supported with 67 tables and 26 figures is now available at http://www.rnrmarketresearch.com/contacts/request-sample?rname=855220
Asia-Oceania is estimated to dominate the automotive aftermarket, and is projected to grow at the highest CAGR during the forecast period. This growth can be credited to the improving socio-economic conditions in emerging economies such as China, India, Indonesia, and Thailand. The sizeable populations in countries such as China and India have resulted in increased vehicle parc, which has led to a growing demand for automotive aftermarket components. The Asia-Oceania aftermarket for top 10 automotive components is growing at a CAGR of 9.29% during the forecast period.
Target Audience
• Manufacturers of automotive components
• Raw material suppliers for automotive components
• Experts from the automotive industry
• Dealers and distributors of automotive components
• Automotive OEMs
• The automobile industry and related end-user industries
Inquire For Complete Report Copy of Automotive Aftermarket for Top 10 Components (Tire, Fluid, Filter, Battery, Brake, Collision Body, Lighting, Spark Plug, Telematics, Bearings), Vehicle Type (Passenger Car & Commercial Vehicle), and Region - Global Trends & Forecast to 2021 http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=855220
The market is driven by key factors such as growing vehicle sales and parc, increase in average life of vehicle, rising miles driven per year, and emergence of new distribution channels. The growing popularity of e-commerce platforms as a distribution channel is also boosting automotive aftermarket sales. According MarketsandMarkets analysis, the global automotive E-tailing market is projected to reach USD 49.07 billion by 2021. Some of these aftermarket components are long lasting, increasing the time span between consecutive services, leading to a decline in the aftermarket activities. Many of these automotive components also face the threat of counterfeiting. According to Motor and Equipment Manufacturers Association (U.S.), majority of the counterfeit auto parts are produced in China, accounting for around 80% of the total automotive counterfeit goods.
The passenger car segment is expected to dominate the automotive aftermarket for top 10 components. Rising vehicle sales and parc of the passenger car segment has contributed to the growing aftermarket demand for automotive components, in this segment. According to the OICA, global passenger car sales have increased to 33.9 million in 2016, at an annual growth rate of 2%. Global parc of passenger car has grown to 907.0 thousand in 2014,at an annual growth rate of 4%.
Get Discount on “Automotive Aftermarket Market” is now available at http://www.rnrmarketresearch.com/contacts/discount?rname=855220
The report provides a picture on automotive aftermarket for top 10 components across different verticals and regions. It aims at estimating the market size and future growth potential of top 10 automotive components across different segments such as vehicle type, and regions for the aftermarket. Furthermore, the report also includes an in-depth competitive analysis of the key players in the aftermarket along with their company profiles, MnM view, recent developments, and key market strategies.
About Us:
RnRMarketResearch.com is your single source for all market research needs. Our database includes 100,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
Contact Us:
Corporate Headquarters
2nd floor, metropole,
Next to inox theatre,
Bund garden road, Pune-411001.
+ 1 888 391 5441
sales@rnrmarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release At 7.75% CAGR Automotive Aftermarket Market potentially worth $ 302.64 billion by 2021 here
News-ID: 887336 • Views: …
More Releases from RNR Market Research
Emerging Trends Exosome Diagnostics and Therapeutics Market Dominated by Evox Th …
An exosome diagnostic and therapeutic study approach represents the opportunity to expand and develop the liquid biopsy market, a growing sector in cancer diagnostics. Once they reach the recipient cells, cytoplasmic ingredients can alter their biology.
Access Sample Papers of Exosome Diagnostics and Therapeutics Market with 248 Pages and 6 Company Profiles Now at http://www.rnrmarketresearch.com/contacts/request-sample?rname=1529771 .
Growth in exosome diagnostic and therapeutic market in these regions attributes to the technological advancement in…
17.8% CAGR for Care Management Solutions Market - Regions Like North America and …
Key care management solutions market players are Allscripts Healthcare Solutions, Inc. (U.S.), TriZetto Corporation (U.S.), Phytel Inc. (U.S.), EXL Healthcare (U.S.), AxisPoint Health (U.S.), Wellcentive, Inc. (U.S.), Medecision, Inc. (U.S.), ZeOmega Inc. (U.S.), i2i Systems, Inc. (U.S.), HealthSmart Holdings, Inc. (U.S.), Pegasystems Inc. (U.S.), Epic Corporation Inc. (U.S.), and Harmony Information Systems, Inc. (U.S.)
Download Brochure of Care Management Solutions Market spread across 191 pages, Profiling 15 Companies and Supported with…
Global 5K Display Resolution Market: 2019 Industry Analysis, Size, Trends, Growt …
This report presents the worldwide 5K Display Resolution Market size (value, production and consumption), splits the breakdown (data status 2014-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Global 5K Display Resolution Market Report including definitions, classifications, applications and…
Dialyzers Market 2019-2025: Global Consumption Value, Sales and Key Companies Pr …
The global Dialyzers Market 2019 research is a professional and in-depth study on the current state of the industry and provides a basic overview of the industry including definitions, classifications, applications and industry chain structure.
This report presents the worldwide Dialyzers Market size (value, production and consumption), splits the breakdown (data status 2014-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
