The downside of these parts is that they are expensive and required to be purchased from dealers. The genuine segment is anticipated to dominate the automotive aftermarket arena in terms of size by The type of aftermarket products are divided into four categories viz.
CAPA offers test programs to verify and guarantee quality and suitability of automotive replacement parts. It also details some of the key participants involved in the industry.
Constant evolution in these parts with change in design should drive the market growth. Automotive aftermarket economies are crucial in the overall automotive manufacturing and maintenance process as auto components need to be replaced on time to maintain overall performance of a vehicle.
Global automotive market is led by increase in vehicle sales coupled with favorable manufacturing policies in developing countries. Rise in disposable proceeds of patrons in developing nations such as China and Brazil is expected to have a positive impact on the growth rate of the market. Automobile manufacturers face certain constraints while carrying out manufacturing processes, production cost being one.
Indian automotive aftermarket has introduced stringent regulations to encourage healthy competition in the automotive marketplace and strengthen the buyers power.
Certified parts are cost-effective alternatives to genuine parts. The automotive aftermarket, as opposed to the sales of new cars, performed extremely well during that economic downturn - and is continuing to do so today. In JanuaryContinental AG entered into a joint venture with Nexteer Automotive for innovation in advanced steering and driver assistance for automated driving.
The fleet is getting older. What Information does this report contain? Presence of domestic manufacturer especially in developing countries, where vehicle age is comparative higher may act as a challenge for market growth.
Accessories are used to improve appearance, performance and safety function of vehicle parts. Counterfeit parts are illegal, are not tested or certified, and have no warranty.
International manufacturers and regional service providers are equally competing to acquire the market demand. Increasing demand for locomotives is projected to trigger demand for automobile component sales.
Automotive Aftermarket Industry Background In the automotive industry, aftermarket is the secondary market concerned with manufacturing, distribution, retailing, remanufacturing, and installation of all vehicle parts, after the sale of vehicles by OEMs to consumers.
Competitive Market Share Global automotive aftermarket industry market share is moderately fragmented owing to the presence of numerous regional industry participants. The market dynamics of these products have been restricted to the organized sector at the manufacturer level.
Access to elaborate component assortment, coupled with simplicity of transactions delivered through digitalization of automotive component sales, is destined to resolve obtainability issues, thereby driving the automobile aftermarket industry.
DIY is another channel driving the automotive aftermarket share in the global automotive industry. The fleet is growing. Herein the revenue generated from the segments by type is tracked to calculate the market size, by each type and for each country, along with a detailed explanation how they are shaping the market.
The industry value chain comprises service enablers such as repairing service providers and entertainment service providers. The aftermarket industry is strong! Aftersales service provided by auto manufacturer is driving the market demand.
While highlighting the key driving and restraining forces for this market, the report also provides a comprehensive section of certain trends followed by the automotive aftermarket. Genuine replacement parts have greater assurance of quality, are diverse, easy to find, and include a warranty.
Upsurge in demand for aesthetically pleasant and comfort feature in vehicle is expected to drive the accessories market segment of automotive aftermarket industry.
Repair centers are the important stakeholders in the service channel. Additionally, changing lifestyle and need for travelling long distance has led to increased average distance driven per vehicle.Global Automotive Aftermarket, Analysis and Forecast ; Focus on Powertrains, Chassis & Safety, Body & Interior and Tires.
Covers various segments by type, as well as region wise dynamics and developments. The voice for the automotive aftermarket supplier industry.
Automotive Aftermarket Suppliers Association. Publications & Resources; An in-depth market analysis of the automotive aftermarket sector, the AASA Status Report includes: latest figures on.
Learn about automotive aftermarket industry statistics and trends with dozens of articles and in-depth research. Auto Aftermarket Analysis ( Market Research Automotive SEO Automotive SEO PPC Auto Parts Marketing Auto Parts Marketing Strategy Auto Parts SEO Breaking Auto Aftermarket Industry Trends & Statistics.
Automotive Industry Analysis - Cost & Trends Get your motor running. The automotive aftermarket, as opposed to the sales of new cars, performed extremely well during that economic downturn - and is continuing to do so today. Auto Industry Overview. WorldView: Automotive Aftermarket Parts Cataloging Grow your share of the automotive aftermarket.
In the face of global vehicle market expansion Forecasts and analysis. The global automotive aftermarket size was valued at USD billion in and is projected to gain traction over the forecast period. The market is majorly driven by automobile drivers looking to enhance vehicle performance in terms of exhaust, sound, speed, and appearance, among other aspects.Download