Automotive Aftermarket Market to Be Worth 518.04 Billion by 2027 – Exclusive Report by Emergen Research with COVID-19 Impact Analysis
Automotive Aftermarket Market Size – USD 376.40 Billion in 2019, Market Growth – CAGR of 4.2%, Market Trends – High demand in the automotive sector.
“Global Automotive Aftermarket Market Forecast to 2027” encompasses vital aspects of the global Automotive Aftermarket business sphere. The study offers full coverage of the assessment of the technological developments, factors influencing the growth of the industry, current and emerging trends witnessed in the global and regional markets, key statistical data, forecast estimation, and key manufacturers and suppliers of the Automotive Aftermarket industry.
The Global Automotive Aftermarket Market is projected to reach USD 518.04 billion in 2027. The market growth is expected to increase through the digitalization of automobile repair and parts manufacturing, along with advanced technological incorporations of the production of automotive aftermarket components. The growing acceptance of semi-autonomous, electric, and hybrid and independent vehicles is expected to further fuel the growth of the industry.
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Key players in the market include Bridgestone Corporation, Hella KGaA Hueck & Co., Denso Corporation, Continental, ACDelco, Delphi Automotive, Fauraecia, BASF, Robert Bosch, and 3M Company, among others.
Latest Report On Covid Analysis By Emergen Research
The report is the latest document that covers the changes in the market dynamics and trends with regard to the COVID-19 pandemic. The global health emergency has brought dynamic changes in the market and economic scenario of the world. The pandemic has drastically affected the Automotive Aftermarket market with disruptions to supply chains and volatility in prices and demands. The report covers the impact of the pandemic on the Automotive Aftermarket industry with a special focus on the affected key segments of the industry.
Elements analyzed in the report:
The Global Automotive Aftermarket Market report offers an elaborate analysis of the different elements of the industry, such as product development and technological advancements, product types, applications, and major expansion strategies undertaken by prominent companies. The assessment has been done based on primary and secondary research with a special focus on technological advancements, prominent industry players and suppliers, and distributors operating in the industry. The report is formulated to assist the readers better understand the overall market and make well-informed decisions.
Regional Analysis of the Automotive Aftermarket Market includes:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report further sheds light on strategic initiatives and business expansion plans undertaken by the key companies operating in the Automotive Aftermarket industry. The report assesses the strategies such as mergers and acquisitions, government and corporate deals, partnerships and collaborations, joint ventures, brand promotions, and product launches, among others.
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The report offers an exhaustive analysis of the key market aspects like market size, volume, share, current and emerging trends, production and consumption rate, and other key elements that offer an idea about the prospective expansion of the Automotive Aftermarket industry.
For the purpose of this report, Emergen Research has segmented into the global Automotive Aftermarket on the basis of Product, Fitting, Application, and region:
- Replacement Part Outlook (Revenue: USD Billion; 2017-2027)
- Brake Parts
- Body parts
- Lighting & Electronic Components
- Exhaust components
- Certification Outlook (Revenue: USD Billion; 2017-2027)
- Genuine Parts
- Certified Parts
- Uncertified Parts
- Service Channel Outlook (Revenue: USD Billion; 2017-2027)
- Distribution Channel Outlook (Revenue: USD Billion; 2017-2027)
- Wholesalers & Distributors
Radical Highlights of the Automotive Aftermarket Market Report:
- Study of the latest product launches and technological advancements to help the readers in formulating investment strategies
- Focus on market scenario, dynamics, and trends to be expected in the coming years
- Advanced analytical tools such as Porter’s Five Forces analysis, SWOT analysis, feasibility analysis, and investment return analysis
- Thorough regional analysis to offer insights into production and consumption patterns, supply and demand ratio, market size, revenue contrition, and the presence of prominent players
- Competitive landscape benchmarking with a focus on business profiles, product portfolio, business strategies such as M&A activities, revenue, market positions, market share, global position, and financial standing
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