Automotive Aftermarket Market: 2019 Size, Trends, Share, And Key Country Forecast To 2023 Research R
Automotive Aftermarket Industry Research Report 2019 - Global Market Forecast by Offering (Parts, Services), Channel (Authorized Repair, Independent Repair), Vehicle Age (0-4 years, 4-8 years, above 8 years) and Vehicle Type (Passenger Vehicle, Commercial Vehicle) – Forecast till 2023,
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The global automotive aftermarket is currently valued at over USD 800 Bn. It is expected to capture a steady CAGR during the review period (2017-2023). OEMs are finding new opportunities in regions such as Asia Pacific (APAC), Latin America and the Middle East. The automotive industry is witnessing a shift from advanced economies to emerging markets. Sales remain moderate in Europe and North America while countries such as China, Mexico and India are being viewed as new pockets of growth for the automotive industry. These countries are an attractive prospect for both new car sales and aftermarket business. For many carmakers, aftermarket business is a key focus area as it allows creation of attractive revenues and profit margins. Fast-developing countries hold significant potential for aftermarket business, as reuse and refurbishing remain a prominent trend in such counties. By the year 2023, the market is likely to surpass a valuation of USD 1,000 Bn.
This MRFR report delivers an unbiased assessment of the global automotive aftermarket, highlighting current market trends, historical growth and its prospect over the next five years, until 2023. It also includes a discussion on the key macro and micro-economic factors governing the course of the market. A comprehensive analysis of major market drivers, opportunities and restraints is also available in the report. The two main automotive aftermarket offerings mentioned in the report are parts and services. The scope of the research also covers aftermarket channels such as authorized repair and independent repair. A revenue analysis has also been made on the basis of the vehicle age which include vehicle aged between 0-4 years, 4-8 years and above 8 years. Passenger vehicle and commercial vehicle are the two vehicle types considered for market sizing.
Report Coverage
Value, Market Share, Player Analysis, country level break down for each segment
Players Covered
Aisin Seiki Co., Ltd. (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), Valeo (France), 3M (U.S.), Denso Corporation (Japan), Cooper Tire & Rubber Company (U.S.), Magneti Marelli S.p.A. (Italy), Sumitomo Electric Industries Ltd. (Japan), Aptiv PLC (U.K.), Federal-Mogul Corporation (U.S.).
The report provides insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, regional presence, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
Research Methodology
Market Research Future (MRFR) leverages its market expertise to deliver deep-diving market insights through critical evaluation of current market trends, opportunities and threats. The cohesive analysis carried out through primary and secondary research provision comprehensive data collection data and transfer of in-depth knowledge of the market. The primary research process includes exclusively commissioned surveys and first-hand interviews with the executive members and decision makers across the value chain such as MDs, CEOs and VPs among others. The secondary research process includes a multi-layered verification process for authentication of the primary data through valuable inputs from white paper references, SEC filings, published macroeconomic and demographic data, paid database and other sources available in public domain. These sophisticated analytical methods ensure the reliability and accuracy of the research findings, helping report users make informed business-driven decisions.
Browse More news on Automotive Aftermarket Industry at:
https://www.marketwatch.com/press-release/automotive-aftermarket-industry-trends-size-share-2019-global-market-analysis-growth-leading-players-competitive-and-regional-forecast-to-2023-2019-03-13
http://www.ktvn.com/story/40042912/automotive-aftermarket-industry-2019-global-market-trends-size-business-growth-opportunities-growth-prospects-key-country-and-regional-forecast-to
http://www.digitaljournal.com/pr/3935974
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