Automotive Aftermarket Market Set to Exceed $519 billion By 2026 | CAGR: 4% Forecast to 2020
Forecast to 2020
Automotive Aftermarket Market Size to Reach 519 billion by 2026
“ Automotive Aftermarket Market [By Product (Tire, Wheels, Battery, Lighting Components, Exhaust Components, Body Parts, Accessories, Telematics, and Others); By Sales Channel (OEM, Professional Service Stations); By Vehicle Type (Passenger Vehicles, Commercial Vehicles); By Region]: Market size & Forecast, 2017 – 2026” The global automotive aftermarket market is expected to reach more than USD 519 billion by 2026 with a CAGR of 4% during the forecast period as per a new study released by Polaris Market Research. The report “Automotive Aftermarket [By Product (Tire, Wheels, Battery, Lighting Components, Exhaust Components, Body Parts, Accessories, Telematics, and Others); By Sales Channel (OEM, Professional Service Stations); By Vehicle Type (Passenger Vehicles, Commercial Vehicles); By Region]: Market size & Forecast, 2017 – 2026”. provides an extensive analysis of present market dynamics and predicted future trends. In 2017, the tire segment accounted for the majority revenue share in the global market. The key factor driving the market include expanding the global automotive industry and the rising average age of vehicles. The growing awareness about proper maintenance and repair of vehicles is expected to propel the demand in the coming years. Other factors boosting the market growth include technological advancements in telematics, greater need for long distance travel, and changing lifestyles. New emerging markets, sale through online channels, and emerging consumer demographics are expected to offer a new avenue for growth in the coming years
Browse Detailed Research Report On Automotive Aftermarket Market Analysis:
https://www.polarismarketresearch.com/industry-analysis/automotive-aftermarketmarket
The competition is high in automotive aftermarket market owing to the presence of a large number of industry players and the players offer products and services required for repair and maintenance for a wide range of vans, trucks, cars, and buses. The factor such as price, quality, vehicle age, and convenience affect consumer buying behavior. High investment in research and development is expected to open a new avenue for growth during the forecast period. The demand for replaceable parts and accessories such as clutch systems, axle, and engine parts is gaining owing to wear and tear of vehicles. Increase in the number of accidents has also propelled the demand. In 2017, North America dominated the global market as to the presence of a large customer base with high disposable income and high demand for replaceable vehicle’s parts. Asia-pacific is anticipated to witness the highest growth rate during the forecast period owing to rising demand form the developing nation such as China and India and the expansion of global players. The rise in living standards and high disposable income is expected to boost the market growth in the coming year in the region. The factors such as poor road infrastructure and favorable production regulations, in developing nations such as India, and Pakistan are estimated to drive the demand during the forecast period. The automotive aftermarket can be classified based on products into tire, battery, wheels, exhaust components, lighting, telematics, accessories, body parts, and others. The tire segment is expected to dominate the market during the forecast period. Tires require periodic replacement as external factors easily damage them. The radial tire is gaining popularity as to properties such as higher durability, low rolling resistance, and enhanced service.
-2-
Automotive Aftermarket Market Size to Reach 519 billion by 2026
The market is segmented based on vehicle type into passenger vehicles, and commercial vehicles. The growing demand for passenger vehicles in developing regions such as India, China, and Brazil is expected to provide numerous growth opportunities in the coming years. Commercial vehicles are mostly used for activities such as industrial, mining and construction, and logistics. These vehicles require frequent repair and maintenance and create a market for replaceable products. The major vendors profiled in the report include Denso Corporation, Royal Dutch Shell PLC, Exide Technologies, Inc., Johnsons Controls Inc., Delphi Automotive PLC, 3M Company, Goodyear Tire & Rubber Company, Magneti Marelli S.p.A, Cooper Tire & Rubber Company, and Robert Bosch GmbH, among others. These vendors are involved in strategic initiatives such as new product development, merger and acquisition, and collaboration with other market leaders to meet the increasing needs and requirements of consumers.
Request for sample: https://www.polarismarketresearch.com/industry-analysis/automotiveaftermarket-market/request-for-sample Table of Contents
•
•
Overview and Scope o Research goal & scope o Research assumptions o Research Methodology ▪ Primary data sources ▪ Secondary data sources o Key take-away o Stakeholders Executive Summary o Market Definition o Market Segmentation -3-
Automotive Aftermarket Market Size to Reach 519 billion by 2026
•
•
•
•
•
Automotive Aftermarket Market Insights o Automotive Aftermarket – Industry snapshot o Automotive Aftermarket - Ecosystem analysis o Automotive Aftermarket Market Dynamics ▪ Automotive Aftermarket – Market Forces • Automotive Aftermarket r Market Driver Analysis • Automotive Aftermarket Market Restraint/Challenges analysis • Automotive Aftermarket Market Opportunity Analysis ▪ Industry analysis - Porter's five force • Bargaining power of supplier • Bargaining power of buyer • Threat of substitute • Threat of new entrant • Degree of competition ▪ Automotive Aftermarket Market PEST Analysis, 2017 ▪ Automotive Aftermarket Market Value Chain Analysis ▪ Automotive Aftermarket Industry Trends ▪ Competitive Ranking Analysis Automotive Aftermarket Market Size and Forecast, 2017-2026 by Product o Key Findings o Tire o Wheels o Battery o Lighting o Exhaust Components o Body Parts o Accessories o Telematics o Others Automotive Aftermarket Market Size and Forecast, 2017-2026 by Vehicle Type o Key Findings o Passenger Vehicles o Commercial Vehicles Automotive Aftermarket Market Size and Forecast, 2017-2026 by Sales Channel o Key Findings o OEM o Professional Service Stations o Others Automotive Aftermarket Market Size and Forecast, 2017-2026 by Region o Key Findings o North America ▪ U.S. ▪ Canada ▪ Mexico o Europe ▪ Germany ▪ UK ▪ France ▪ Italy ▪ Rest of Europe o Asia-Pacific -4-
Automotive Aftermarket Market Size to Reach 519 billion by 2026
•
▪ China ▪ India ▪ Japan ▪ Rest of Asia-Pacific o Latin America ▪ Brazil o Middle East & Africa Company Profiles o Royal Dutch Shell PLC ▪ Overview ▪ Financials ▪ Product Benchmarking ▪ Recent Developments o Denso Corporation ▪ Overview ▪ Financials ▪ Product Benchmarking ▪ Recent Developments o Johnsons Controls Inc. ▪ Overview ▪ Financials ▪ Product Benchmarking ▪ Recent Developments o Exide Technologies, Inc. ▪ Overview ▪ Financials ▪ Product Benchmarking ▪ Recent Developments o 3M Company ▪ Overview ▪ Financials ▪ Product Benchmarking ▪ Recent Developments o Delphi Automotive PLC ▪ Overview ▪ Financials ▪ Product Benchmarking ▪ Recent Developments o Magneti Marelli S.p.A ▪ Overview ▪ Financials ▪ Product Benchmarking ▪ Recent Developments o Goodyear Tire & Rubber Company ▪ Overview ▪ Financials ▪ Product Benchmarking ▪ Recent Developments o Robert Bosch GmbH ▪ Overview ▪ Financials ▪ Product Benchmarking -5-
Automotive Aftermarket Market Size to Reach 519 billion by 2026
▪ Recent Developments o Cooper Tire & Rubber Company ▪ Overview ▪ Financials ▪ Product Benchmarking ▪ Recent Developments Access Press Release on Automotive Aftermarket Market: https://www.polarismarketresearch.com/press-releases/global-automotive-aftermarketmarket
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
E mail Id:
[email protected] Web: www.polarismarketresearch.com Official Blog: https://cmfe-market-research-report.blogspot.com/
-6-
