Automotive Aftermarket Market Overview
The market overview of the Automotive Aftermarket market industry focuses on the detailed dynamics of the market, including aspects such as industry rivalry. The report provides comprehensive market revenue forecasts at the global, regional, segment, and national levels. A key highlight of the report is the sales forecasting for each segment and region.
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Automotive Aftermarket Market Report Scope and Research Methodology
The research methodology employed in the report on the Automotive Aftermarket market incorporates both primary and secondary research methods. Primary research involves data collection directly from the market via surveys, interviews, and observations. In contrast, secondary research entails gathering data from published sources, such as industry reports, company websites, and news articles
The analysis serves as a guide for stakeholders, investors, market players, followers, and new entrants, offering a comprehensive view of the Automotive Aftermarket market. This information aids in formulating investment approaches and marketing tactics. The bottom-up approach was utilized to estimate the size of the Automotive Aftermarket market. The approach involves aggregating data from individual segments to arrive at a total market size estimate.
Automotive Aftermarket Market Regional Insights
The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one.
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Automotive Aftermarket Market Segmentation
Based on Distribution channel, the market is sub-segmented into Retailers and Wholesalers. In 2021, the retail segment dominated the market with a 57.2 % share. By 2029, the retail segment is expected to dominate the industry in terms of size, the wholesale and distribution category is expected to develop at a moderately fast rate in terms of revenue. Automotive aftermarket economies are critical components of the overall automotive manufacturing and maintenance scheme, as automotive components must be changed on a timely basis in order to preserve the vehicle’s overall performance.
Based on Vehicle replacement part, the market is sub segmented into Tier, Battery, Brake parts, Filters and others. Tire sub-segment hold the largest market share of xx% in 2021. Although tire have a shorter replacement cycle than its component counterparts, it is projected to remain the leading segment. Various accessories, lubricants, tires, and other component replacement suppliers make up the aftermarket replacement part vendors. In addition, service enablers such as repairing services providers and entertainment service providers are part of the industry value chain. The automotive sector is seeing a surge in demand for hybrid electric vehicles, which will stifle demand for exhaust parts and specialist tools for these specialty vehicles. The rise in the price of gasoline and petrochemicals is to blame for this restriction.
Automotive Aftermarket Market Key Players
• 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
Key questions answered in the Automotive Aftermarket Market are:
- What is Automotive Aftermarket ?
- What are the factors driving the Automotive Aftermarket Market growth?
- What are the factors are limiting the Automotive Aftermarket Market growth?
- What was the Automotive Aftermarket market size in 2021?
- Which trends are expected to generate additional revenue for the Automotive Aftermarket market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Aftermarket Market?
- What growth strategies are the players considering to increase their foothold in the Automotive Aftermarket Market?
- Who held the largest market share in the Automotive Aftermarket Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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