Uru nke global Automotive Aftermarket bụ USD 407.8bn in 2021. Between 2023 and 2032, it is expected to grow by 3.1% CAGR.
The automotive aftermarket is a segment of the auto industry that includes all businesses and service providers related to customizing and repairing vehicles. It is a fast-growing industry, with an annual revenue of over $1 trillion worldwide. You can divide aftermarket products into three groups: replacement parts (performance parts), appearance parts (appearance parts), and services that improve performance.
To keep a vehicle in good condition and safe operation, replacement parts are required. Performance parts are used for improving the vehicle’s performance. While appearance parts are used to alter or add functionality to the vehicle, they are also necessary. It is common to divide the aftermarket into replacement parts or accessories. It is actual equipment that the manufacturer doesn’t make. Aftermarket parts may be used to repair or replace parts in cars and other equipment. However, it can affect the price of an insured item.
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Automobile drivers are the main driver of this industry. They want to improve their vehicles’ performance, including speed, exhaust sound, appearance, and speed. The digitized gateway design and high costs of research & developing are expected to limit the growth of the automotive aftermarket. The components’ overall cost will rise due to the shift in consumer preference towards intelligent and smart parts for their cars.
The main factor driving market growth is the growing awareness of consumers regarding the maintenance of their vehicles. Because of an increase in disposable wealth, the demand to make new vehicles with reduced fuel consumption and stricter emission norms by government initiatives increases the demand.
Ndị na-anya ahịa ahịa
Technology advances are increasing
In response to increasing demand for environmentally-friendly vehicles, the demand for aftermarket parts like catalytic converters or electronic chips has increased.
Market growth can be aided by government regulations
Many countries have implemented strict emissions regulations that force product manufacturers into producing environmentally friendly, high-efficiency auto parts for their domestic and international markets. This is increasing the demand for the automotive aftermarket and expected to grow at an increasing rate over the next years.
Increased demand for comfort in vehicles
OEMs offer additional accessories for vehicles to satisfy consumer needs. This allows them to increase their market share and helps with the development of the automotive aftermarket.
Increase in disposable income
Aftermarket demand is growing due to changing lifestyles and rising disposable income. Luxury vehicles are becoming more desirable due to the increase in disposable income. Due to increased demand for aftermarket automotive products, there is a growing number of millionaires around the globe who design and remodel their vehicles.
Maka Ịzụta Ngwa ngwa: https://market.us/purchase-report/?report_id=13831
Mgbochi Aka Ahịa
Ratifications for vehicle safety technologies
The vehicle’s technology is evolving, and the sensors are better equipped to allow for a more enjoyable driving experience. It also reduces the wear of brakes and other components. This prevents components from being replaced and slows down market growth for the automotive aftermarket.
High Operating Costs
Most people cannot afford to modify their vehicles. Parts of vehicles are only available to those who have the means to pay more. If this is more common, however, the price will have to drop so that the average person can afford it.
Nsogbu Ahịa
– The impact on Covid – 19 pandemic
– Less retail and less workshop business
– Efficient transition to the electric vehicle industry
Mmepe Isi
* Goodyear purchased Cooper Tire & Rubber Company (February 2021). The combination combines two leading tyre businesses with complementary product portfolios, service offerings, and capabilities to make the US-based leader for global tyres.
Akụkụ ahịa isi:
Mpeghari ihe
- Taia
- Akụkụ breeki
- batrị
- Akụkụ akụkụ
- nzacha
- wiil
- Lighting & Electronic Components
- Turbochargers
- Exhaust components
- ndị ọzọ na-
Ọwa nkesa
Ahịa
-Repair Shops
-OEMs
Ndị na-ere ahịa & ndị nkesa
Service Channel
- DIFM (Do it for Me)
- DIY (Do it Yourself)
- OE (Delegating to OEM’s)
Asambodo
- Certified Parts
- Ezigbo Akụkụ
- Uncertified Parts
Top manufacturers: These are the major players in the automotive aftermarket market:
- Companylọ ọrụ 3M
- Ụgwọ nke ụlọ ọrụ Delphi Automotive PLC
- Dị na AG
- Robert Bosch GmbH
- Corporationlọ ọrụ Denso
- Ụgwọ nke ụlọ ọrụ Federal-Mogul Corporation
- Valeo Group
- Ụgwọ nke ụlọ ọrụ ZF Friedrichshafen AG
- Ndị ọzọ Key Key
Ajụjụ ndị a na-ajụkarị gbasara akụkọ a
- Kedu ihe ị pụtara site n'ahịa ụgbọ ala?
- How big is the automotive aftermarket industry?
- Gịnị kpatara eji akpọ ya aftermarket?
- Which replacement part accounted for the highest share in the automotive aftermarket?
- Which distribution channel led the automotive aftermarket?
- What are the key driving factors for the growth of the Automotive Aftermarket Market?
- What are the top players operating in the Automotive Aftermarket Market?
Akụkọ kacha ewu ewu:
Global Heavy-duty Automotive Aftermarket Market Size | Statistics, Opportunities and Reports 2031
Global Automotive Aftermarket Brake Friction Parts Market Growth | Top Company Shares, Regional Forecasts to 2031
Global Automotive Aftermarket Fuel Additives Market Forecast | Key Players and Geographic Regions to 2031
Global Automotive Aftermarket Appearance Chemicals Market Trend | Competitive Landscape and Forecasts to 2031
Global Automotive Top 10 Aftermarket Components Size | 2022 Global Share Analysis by Regional Segment 2031
Global Aftermarket Parts in Construction Market Incredible Possibilities, Growth Analysis | SWOT Evaluation 2022-2031
Global Cleaner & Degreaser Aftermarket Growth | Future Trends, Development Strategies Forecast to 2031
Global CNG Compressor Aftermarket Market Trend | Drivers and Industry Status 2022 to 2031
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IHE Ị GA-Ewepụ na edemede a:
- The automotive aftermarket is a segment of the auto industry that includes all businesses and service providers related to customizing and repairing vehicles.
- This is increasing the demand for the automotive aftermarket and expected to grow at an increasing rate over the next years.
- The vehicle’s technology is evolving, and the sensors are better equipped to allow for a more enjoyable driving experience.
