Global Automotive After Market - Market Size, Share & Industry Trends, Growth Analysis Report By Product Type, By Application and Forecast 2019 - 2025


DescriptionTable of ContentList of TablesList of Figures
Introduction
Automotive After Market was valued at USD xx Billion in 2019 and is projected to reach a value of USD xx billion by 2025, at a CAGR of xx at 2025. The digitization of product distribution products and services, along with internet platforms that sell aftermarket parts in collaboration with multinational vehicle vendors, is expected to attract substantial investments from key players. The demand is powered primarily by the desire of car drivers to enhance their vehicle performance in terms of exhaust tone, speed, appearance, as well as other aspects. Regional authorities, such as the Japanese Automobile Sports Muffler Association (JASMA), and the United States. Environmental Protection Agency, track built-up requirements and environmental effects associated with the operation of vehicle parts, for example, noise pollution levels associated with modern-day exhaust system resonators and mufflers. The increased digitalization and growing Internet-of - Things (IoT) phenomenon are projected to have a major effect on the development of the industry.
Although technological improvements have created multiple market opportunities, high R&D spending over the forecast period is expected to impede market growth.
Geographical Overview
The aftermarket is segmented by country into North America, Latin America, Africa , Asia Pacific and MEA. In 2019, Asia Pacific led the aftermarket in terms of revenue, and is expected to see significant growth from 2020 to 2027.
Advanced technology usage in automobile parts manufacturing, expanded vehicle and passenger car development and distribution, and automotive component delivery services digitization are expected to boost car sales in the country.
Universities and other research and development organizations are working towards rising the efficiency and operating efficiencies of essential vehicle products, thus raising the final product quality. A recent concept, developed by a team of researchers from Imperial College, London's Department of Chemical Engineering, uses up to 80 per cent less rare metal, lowering vehicle and component production costs considerably. Emerging markets, such as China, India , and Brazil, have seen major changes in the automobile industry over the past few years, and is projected to fuel demand growth in Asia Pacific.
Segmental Overview
Automotive After Market is segmented as per below specifications -
By Replacement Part:
• Tire
• Battery
• Brake parts
• Filters
• Body Parts
• Lighting & Electronic components
• Wheels
• Exhaust Components
Competitors Analysis:
Automotive After Market has presence of some of the key major players across globe which includes
• Continental AG
• 3M Company
• Delphi Automotive PLC
• Federal-Mogul Corporation
• Denso Corporation
• Magneti Marelli S.p.A.
• Robert Bosch GmbH
These key players are concentrating its efforts on the continuous product improvement with innovative initiatives to have an edge over other competitors. Further, to garner maximum market share, companies are adopting merger/ acquisition/ partnership and maintaining strong distribution networks strategies.
By Geographical Locations:
? North America
o U.S.
o Canada
? Europe
o U.K.
o Germany
o Poland
? Asia-Pacific
o China
o Japan
? MEA
? South America
o Brazil
Highlights of the report
What is Automotive After Market?
Who all are key market players in the industry?
How the Parent Industry is growing?
Where are the key opportunities for new market entrant?
A comprehensive analysis, which covers key growth factors across the value chain
Recent developments in market
Granular Market Segmentation
Market size projection based on Historical & current market trends
Market share analysis and key strategies adopted by leading Players
Production Cost & Sensitivity Analysis
Country Level Market Analysis of Top 16 countries
Data Driven Decision Recommendations