What's Driving the Asia Pacific Automotive Aftermarket Growth? Lear Corporation, HELLA, ACDelco, Hitachi Automotive Systems, Faurecia, Bridgestone Americas
Passenger vehicle segment dominated the Asia Pacific automotive aftermarket, accounting for over USD 79 billion in 2017. Shifting consumer preference towards upgrading existing cars with advanced technologies & replacing old components will further spur the automotive aftermarket industry growth till 2024. High disposable income and easier credit facilities will positively influence the passenger cars sales over the projected timeframe. As per OICA, in 2017, passenger vehicles contributed to over 75% of the automotive parc across the region.
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