Automotive Aftermarket Market To Witness the Highest Growth Globally in Coming Years 2021-2027

The Global Automotive Aftermarket Market is projected to reach USD 518.04 billion in 2027. The market growth is expected to increase through the digitalization of automobile repair and parts manufacturing, along with advanced technological incorporations of the production of automotive aftermarket components. The growing acceptance of semi-autonomous, electric, and hybrid and independent vehicles is expected to further fuel the growth of the industry.

Based on the types, the Automotive Aftermarket market has been further classified based on geography, application and consumption capability. On the basis of the product application, the industry is bifurcated taking into consideration those in demand and are an outcome of technology advancement. Region-wise, the performance of the industry along with the prominent vendors operating in the geography also illuminates stakeholders, business owners, and field marketing, executives. The different facets of the business based on parameters including new launches, acquisition and mergers and new entrants are discussed extensively during the study.

Read more@ https://www.emergenresearch.com/industry-report/automotive-aftermarket

Key Highlights From The Report

The emphasis is strongly on digital methods for the full supply chain processes by the automakers, product suppliers and distributors, and original equipment manufacturers (OEMs).

The digitization of the networks and services would also allow customers to deepen their research and inform about the quality, location, and availability of services in the workshop before buying or repairing their vehicle.

Due to the growing number of weight vehicles and the rising age of the light vehicle fleet, the aftermarket must expand dramatically over the forecast period.

Manufacturers' innovative business models and strategies are anticipated to provide sustained market growth opportunities and rising investment in them.

The automotive aftermarket is expected to undergo a phase change due to the growing proportion of specialist car collision repair centres dedicated to servicing different vehicles, such as alternative fuel-powered vehicles.

North America has a higher acceptance rate of technology, which is expected to result in faster and higher penetration of hybrid electric cars in the area relative to other geographies.

In June 2020, a significant part of Borg Automotive in Silkeborg, Denmark, is purchased by the Danish industrial conglomerate, Schouw&Co., which sets up the sixth portfolio leg-this time within the re-producing component industry and thus initiates a long-term investment in circular economics and sustainability.

Automotive Aftermarket Market Key players in the market include Bridgestone Corporation, Hella KGaA Hueck & Co., Denso Corporation, Continental, ACDelco, Delphi Automotive, Fauraecia, BASF, Robert Bosch, and 3M Company, among others.

Request for free sample@ https://www.emergenresearch.com/request-sample/3

Replacement Part Outlook (Revenue: USD Billion; 2017-2027)

Tire

Battery

Brake Parts

Filters

Body parts

Lighting & Electronic Components

Wheels

Exhaust components

Turbochargers

Others

Certification Outlook (Revenue: USD Billion; 2017-2027)

Genuine Parts

Certified Parts

Uncertified Parts

Service Channel Outlook (Revenue: USD Billion; 2017-2027)

DIY

DIFM

OE

Distribution Channel Outlook (Revenue: USD Billion; 2017-2027)

Retailers

Wholesalers & Distributors

Automotive Aftermarket Market Regional Outlook (Revenue: USD Billion; 2017-2027)

North America

Europe

Asia Pacific

Latin America

MEA

Table of Content

Chapter 1. Methodology & Sources

1.1. Automotive Aftermarket Market Definition

1.2. Automotive Aftermarket Market Research Scope

1.3. Automotive Aftermarket Market Methodology

1.4. Automotive Aftermarket Market Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Automotive Aftermarket Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Automotive Aftermarket Market Segmentation & Impact Analysis

Continued…

Digital Marketing Analysts at Global Marketysers Consulting Llp, Research Analysts, Network Marketing