An influential Automotive After Market report consists of an extensive study of diverse market segments and regions, emerging trends along with major drivers, challenges, and opportunities in the market. Market segmentation is a significant parameter that categorizes the market depending upon application, vertical, deployment model, end-user, and geography etc. This business research report also provides CAGR value fluctuation in percentage during the forecast period of 2022-2029 for the market. Additionally, Automotive After Market report has been structured by keeping in mind all the foremost aspects of the market research that put forth market landscape simply into focus.
An international Automotive After Market report presents intelligent solutions to the multifaceted business challenges and instigates an effortless decision-making process. Such a great report has been prepared by a team of enthusiastic analysts, skilled researchers, and experienced forecasters who work meticulously for the same. The research
Automotive aftermarket market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 4.75% in the above-mentioned forecast period.
The automotive aftermarket is the automotive industry’s secondary market, encompassing the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories after the original equipment manufacturer (OEM) has sold the vehicle to the consumer.
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Global Automotive Aftermarket Market Scope and Market Size
The automotive aftermarket market is segmented on the basis of propulsion, product, service channel, certification, vehicle type, distribution channel and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of propulsion, the automotive aftermarket market has been segmented into IC-engine, electric and others. The IC engine is sub-segmented into gasoline and diesel. The electric is sub-segmented into battery electric and hybrid and plug-in hybrid.
- On the basis of product, the automotive aftermarket market has been segmented into replacement parts, and accessories. Replacement parts have been further segmented into belt, brakes, clutch, electrical parts, lighting, electrical and AC parts, exhaust, filters, suspensions, transmission, and wiper parts. Accessories have been further segmented into car exteriors, and car interiors.
- Based on service channel, the automotive aftermarket market has been segmented into do it yourself (DIY), do it for me (DIFM) and delegating to OEM’s (OE).
- On the basis of certification, the automotive aftermarket market has been segmented into genuine parts, certified parts, and uncertified parts.
- On the basis of vehicle type, the automotive aftermarket market has been segmented into passenger vehicle and commercial vehicles. The passenger vehicles are sub-segmented into mini, hatchbacks, sedans, SUVs/MUVs and sports cars. The commercial vehicles are sub-segmented into light commercial vehicles and heavy commercial vehicles.
- On the basis of distribution channel, automotive aftermarket market has been segmented into offline distribution channel, and online distribution channel. Offline distribution channel has been further segmented into retailers, wholesalers and distributors. Retailers have been further sub segmented into repair shops and OEMs.
- Automotive aftermarket has also been segmented on the basis of end user into service providers, independent workshops, and automotive OEM workshop. Service providers have been further segmented into telematics and fleet management.
Some of the major players operating in the automotive aftermarket market report are Tenneco Inc., Dana Limited., ZF Friedrichshafen AG, Visteon Corporation., Johnson Controls., BorgWarner Inc., Marelli Holdings Co., Ltd., Continental AG, 3M, Robert Bosch GmbH, DENSO CORPORATION, General Motors., AKEBONO BRAKE INDUSTRY CO., LTD., American Axle & Manufacturing, Inc., ASIMCO, Bridgestone Corporation, Gates Unitta , The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., Prestone Products Corporation., and THE YOKOHAMA RUBBER CO., LTD., among others.
Analysis on the market gives us these points Automotive After Market
- To gain insights about the major regional insights in which the Automotive After Market is flourishing.
- To strategically profile key players and comprehensively analyze their Automotive After Market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Automotive After Market Recent industry trends and developments
- To describe and forecast the Automotive After Market , in terms of value, by process, product type, and industry.
- Potential and niche segments/regions exhibiting promising growth
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