Press release
Global Automotive Aftermarket Market Size, Growth and Forecasts Until 2021
Market Research HUB
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Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global automotive aftermarket has also been forecasted for the years 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
3M Company, Continental Corporation, Delphi Automotive Plc. and Denso Corporation are some of the key players operating in the global automotive aftermarket, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
Country Coverage
North America
Europe
China
Asia(except China)
ROW
Company Coverage
3M Company
Continental Corporation
Delphi Automotive Plc.
Denso Corporation
Executive Summary
An aftermarket is defined as a market that provides products and services like upgrade, modify, repair and maintain a durable item such as a vehicle or mobile device. Moreover, aftermarket states to procurement and selling of parts or equipment for a product after the initial product was manufactured and sold. The common types of aftermarket are named as parts, components, software, consumables, comfort, convenience, performance, safety, style, security, functions and features.
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The automotive aftermarket is a subordinate market; its role begins precise after the post-sale of the vehicle and focus on the remanufacturing, manufacturing, circulation, and installation of automobile machineries and accessories. The installation of components and accessories vehicle by the dealer or service provider after the sale of vehicle is referred as automotive aftermarket.
The five distinct participant groups responsible for creating the automotive aftermarket are part manufacturers, part distributors, workshops, intermediaries and end customers.
The automotive aftermarket is serviced by two different ways. Primarily, aftermarket can be divided into three different subsectors named as New Car Dealers, Do-It-For-Me (DIFM) and Do-It-Yourself (DIY). The global automotive aftermarket is expected to increase at high growth rates during the forecasted period (2017-2021). The global automotive aftermarket is supported by various growth drivers, such as, increasing global automobile manufacturing, rising used vehicles volume, rising miles driven, etc.
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About Market Research Hub:
Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of automotive aftermarket market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.
MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.
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