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This study examines a variety of market-related factors, including market size, status, trends, and forecasts. It also gives a quick rundown on key competitors and potential opportunities in the industry. The research includes a comprehensive overview of the Beauty and Automotive Aftermarket Market, divided into companies, regions, types, and applications.
Global Automotive Aftermarket Market size was valued at US$ 568.17 Bn. in 2021 and the total revenue is expected to grow at 6.2 % through 2022 to 2029, Automotive Aftermarket Market is reaching nearly US$ 919.33 Bn. by 2029.
Global Automotive Aftermarket Market Overview:
In the aftermarket segment of the automotive industry, parts, accessories, and services are sold. The automotive aftermarket, which includes the installation of all vehicle components, equipment, accessories, and paintwork after the original equipment manufacturers have sold the products to clients, is the secondary market for the automobile industry (OEMs). Exports of vehicle parts and accessories from all countries were $339.8 billion in 2020. Auto sector growth is anticipated to be boosted by the rising demand for vehicles in emerging regions. The need for alternative automotive parts is anticipated to rise as a result of multiple environmental requirements, technical improvements, and the implementation of various eco-friendly methods in vehicle manufacture.
Global Automotive Aftermarket market research study investigates and analyses the market's position during the forecast period. It is comprehensive research that focuses on primary and secondary drivers, market dominance, important segments, and geographic analysis. The study also examines noteworthy personalities, big partnerships, mergers, and acquisitions, as well as current innovation and corporate strategy.
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Market Scope:
We looked at the Automotive Aftermarket Market from every perspective possible, using both primary and secondary research methods. This increased our understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, and customer behaviour. The data is then compiled and assessed using a range of market estimates and data validation processes. Furthermore, we have an in-house data forecasting engine that forecasts market growth until 2029.
Segmentation:
Retailers and Wholesalers make up the market's sub-segments. With a 57.2% market share in 2021, the retail sector led the industry. By 2029, the wholesale and distribution sector is anticipated to grow at a reasonably rapid rate in terms of revenue, while the retail sector is anticipated to dominate the industry in terms of size. Since prompt replacement of automotive components is necessary to maintain the overall performance of the vehicle, automotive aftermarket economies are essential elements of the overall automotive manufacturing and maintenance scheme.
Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research is utilized to calculate market revenue. In-depth interviews with important thought leaders and industry specialists such as experienced front-line staff, CEOs, and marketing professionals were conducted as part of the core research. Primary research comprised in-depth interviews with prominent thought leaders and industry specialists, such as experienced front-line staff, CEOs, and marketing professionals, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to calculate percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then compared to historical data. The following players are featured in this report:
• Continental AG
• 3M Company
• Akebone Brake Corporation
• Delphi
• Federal-Mogul
• Denso
• Magneti Marelli
• Robert Bosch
• ACDElco
• ASIMCO Technologies ltd
• Cooper Tire & Rubber Company
• HELLA KGaA Hueck & Co.
• Robert Bosch GmbH
• Valeo Group
• ZF Friedrichshafen AG
• Robert Bosch GmbH
• Magna International Inc.
• Aisin Seiki Co.
• Hyundai Mobis
• Lear Corp.
• Faurecia
Regional Analysis:
The region segment of the Automotive Aftermarket market analysis also contains individual market influencing aspects and changes in market regulations that affect current and future market trends. Some of the major variables used to forecast market conditions for specific countries are consumption volumes, production sites and volumes, import-export analysis, price trend analysis, raw material prices, and downstream and upstream value chain analysis. While providing forecast analysis of national data, the existence and availability of global brands, as well as the difficulties they encounter due to strong or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trade channels, are also considered.
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COVID-19 Impact Analysis on Automotive Aftermarket Market:
We thoroughly researched and analyzed the Global Automotive Aftermarket Market Development Strategy post-COVID-19, by corporate strategy analysis, landscape, type, application, and leading countries, which encompasses and analyses the potential of the global Automotive Aftermarket industry, providing statistical data on market dynamics, growth factors, major challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts. The major purpose of the research is to offer industrial businesses a strategic analysis of COVID-19's influence. Simultaneously, this investigation looked into the markets of major countries and highlighted their market potential.
Key Questions Answered in the Automotive Aftermarket Market Report are:
What are the most promising high-growth opportunities in the global Automotive Aftermarket sector, as defined by product category, End User, and Region?
Which Automotive Aftermarket market segments will expand the fastest, and why?
Which areas will expand the fastest, and why?
What are the primary elements influencing Automotive Aftermarket market dynamics? What are the primary drivers and obstacles in the Automotive Aftermarket market?
What are the Automotive Aftermarket market's business risks and dangers?
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