The Business Research Company’s latest report Motor Vehicle And Parts Dealers Global Market Report 2020 covers Motor Vehicle And Parts Dealers market drivers, Motor Vehicle And Parts Dealers market trends, Motor Vehicle And Parts Dealers market segments, Motor Vehicle And Parts Dealers market growth rate, Motor Vehicle And Parts Dealers market major players, and Motor Vehicle And Parts Dealers market size. The report provides in-depth analysis of the impact of COVID-19 on the Motor Vehicle And Parts Dealers industry, along with revised market numbers due to the effects of the coronavirus.
Motor Vehicle And Parts Dealers Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global motor vehicle and parts dealer market is expected to decline from $4461.5 billion in 2019 to $4420.7 billion in 2020 at a compound annual growth rate (CAGR) of -1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6% from 2021 and reach $5196.7 billion in 2023.
The report covers the Motor Vehicle And Parts Dealers market’s segments-
1) By Type: Auto Parts And Accessories, Automobile Dealers, Other Motor Vehicle Dealers.
2) By Ownership: Retail Chain, Independent Retailer.
3) By Type Of Store: Exclusive Retailers/Showrooms, Inclusive Retailers/Dealer Stores.
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