San Francisco, 05
February, Automotive
Aftermarket Size, Share & Trends Analysis Report By Replacement Part, By
Distribution Channel (Retailers, Wholesalers & Distributors), By Service
Channel (DIY, DIFM, OE), By Certification, And Segment Forecasts, 2018 - 2025
The global automotive aftermarket size is expected to reach
USD 486.36 billion by 2025, according to a new report by Grand View Research,
Inc., registering a 4.2% CAGR during the forecast period. Digitalization of
automotive repair and component sales has been brought on by the incorporation
of advanced technologies; this is slated to boost market growth. Surging
reception of electric and hybrid vehicles as well as semi-autonomous and
autonomous cars in the years to come is further expected to bolster market
growth. Based on replacement parts, the market can be categorized into tire,
battery, brake parts, filters, body parts, lighting and electronic components,
wheels, exhaust components, and turbochargers.
Increasing vehicle sales are
driven by overall improvement in living standards, especially in developing
countries such as India and Brazil. This has driven the global automobile
industry. Similar growth in automotive manufacturing across various regions,
along with increasing stringent emissions norms, is expected to drive
automotive aftermarket component sales over the forecast period.
Asia Pacific is expected to be
the fastest growing market for automotive collision repair services over the
forecast period, owing to high vehicle production, rising road accidents, and
improving living standards of consumers. It is also anticipated to be the
fastest-growing market in automobile production. With growing penetration and
acceptance of gas and hybrid/ electric cars, specialized repair centers are
expected to increase.
Access Full Research
Report On Automotive Aftermarket Analysis:
www.grandviewresearch.com/industry-analysis/aftermarket-automotive-parts-market
www.grandviewresearch.com/industry-analysis/aftermarket-automotive-parts-market
Further key findings from the report suggest:
·
The automotive aftermarket is
estimated to grow significantly over the forecast period, owing to an increase
in number of lightweight vehicles
·
North America has a higher
technology adoption rate, which is anticipated to result in faster and higher
adoption of hybrid/electric automobiles in the region
·
The global automotive
aftermarket is anticipated to be driven by mushrooming specialized automotive
collision repair centers dedicated toward serving specific vehicles such as
alternate fuel powered vehicles
·
Key industry participants
include Magneti Marelli S.p.A., Continental AG, 3M Company, Federal-Mogul
Corporation, Delphi Automotive PLC, Robert Bosch GmbH, and Denso
Corporation.
Browse More Reports Of This Category By
Grand View Research At: www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the
global automotive aftermarket based on replacement part, distribution channel,
service channel, certification, and region:
Automotive Aftermarket
Replacement Part Outlook (Revenue, USD Billion, 2014 - 2025)
·
Tire
·
Battery
·
Brake parts
·
Filters
·
Body parts
·
Lighting & Electronic
components
·
Wheels
·
Exhaust components
·
Turbochargers
·
Others
Automotive Aftermarket
Distribution Channel Outlook(Revenue, USD Billion, 2014 - 2025)
·
Retailers
·
OEMs
·
Repair Shops
·
Wholesalers & Distributors
Automotive Aftermarket Service
Channel Outlook(Revenue, USD Billion, 2014 - 2025)
·
DIY (Do It Yourself)
·
DIFM (Do It for Me)
·
OE (Delegating to OEMs)
Automotive Aftermarket Certification
Outlook (Revenue, USD Billion, 2014 - 2025)
·
Genuine Parts
·
Certified Parts
·
Uncertified Parts
Automotive Aftermarket Regional
Outlook (Revenue, USD Billion, 2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
·
Asia Pacific
o
China
o
India
o
Japan
·
South America
o
Brazil
·
Middle East & Africa
Access Full
Press Release of this Report: www.grandviewresearch.com/press-release/global-automotive-aftermarket-industry
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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