Harrisburg, NC -- (SBWIRE) -- 10/23/2020 -- The Global Automotive Aftermarket Market Research Report 2020-2025 research report offers an in-depth evaluation of each crucial aspect of the Global Automotive Aftermarket industry that relates to market size, share, revenue, demand, sales volume, and development in the market. The report analyzes the Automotive Aftermarket market over the values, historical pricing structure, and volume trends that make it easy to predict growth momentum and precisely estimate forthcoming opportunities in the Automotive Aftermarket Market. The report explores the current outlook in global and key regions (North America, Europe, Asia-Pacific, and Latin America) from the perspective of players, countries (U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc.), product types, and end industries.
According to this study, over the next five years the Automotive Aftermarket market will register a 3.1% CAGR in terms of revenue, the global market size will reach $ 1113330 million by 2025, from $ 984890 million in 2019.
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Global Major Players in Automotive Aftermarket Market are:
Bridgestone, Tenneco, Michelin, Genuine Parts Company, Goodyear, Autozone, O'Reilly Auto Parts, Continental, Bosch, Advance Auto Parts, 3M Company, Monro, Yongda Group, Belron International, China Grand Automotive, Driven Brands, Tuhu Auto, Zhongsheng Group, Denso, Delphi, and other.
Most important types of Automotive Aftermarket covered in this report are:
Wear and Tear Parts
Crash Relevant Parts
Services
Diagnostics Products
Other
The segment of wear and tear parts holds a comparatively larger share in global market, which accounts for about 53%.
Most widely used downstream fields of Automotive Aftermarket market covered in this report are:
Passenger Car
Commercial Vehicle
The passenger cars hold an important share in terms of applications, and accounts for 71% of the market share.
Market Overview:
Automotive aftermarket automotive industry is the secondary market. It is one of the market is strong, very complex, and competitive commonly associated with retail, manufacturing, remanufacturing, and distribution. In addition, the aftersales sector including accessories, installation of all vehicle parts, equipment and chemicals after selling the product by the original equipment manufacturer (OEM) to the buyer. Automotive aftermarket is a diverse market which majorly deals with the maintenance, repair and after-sales service. automotive aftermarket consists of replacing part of the process damaged by accident or accident. There are various parts of different qualities and prices for the different vehicle models.
With demand for new vehicles and sophisticated, the demand for automotive parts increased. The decline in the cost of aftermarket parts is one of the main driving factors for the growth of the market. In addition, increased population and increased revenues will drive the market in the near future. The increasing use of light vehicles also impact the market in a positive way. In addition, there is a high demand for accessories and auto parts, which will further enhance the automotive aftermarket near future. Advances in technology and architecture standardization will also stimulate market demand in the future. reduced maintenance costs, improved product quality, and increased demand for branded parts is the largest revenue generator for the market. Instead, the primary containment factor is the problem of the global legal market. Also, increasing openness auto market is creating a challenge to market growth..
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What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Automotive Aftermarket Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Customization of this Report: This Automotive Aftermarket market report could be customized to the customer's requirements. Please contact our sales professional (sales@marketintelligencedata.com), we will ensure you obtain the report which works for your needs.
The research includes historic data from 2015 to 2020, and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs
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