AMA Research, a global market research and consulting organization, have released a new study titled "Aftermarket Automotive market - Global outlook to 2028". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Aftermarket Automotive market to grow at a CAGR of %.
The Components, such as Tires, is boosting the Aftermarket Automotive market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Vehicle, such as Passenger Cars (PC), is boosting the Aftermarket Automotive market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Certification Outlook, such as Genuine Parts, is boosting the Aftermarket Automotive market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Aftermarket Automotive market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Rising Average Age of Vehicles in Operation and Advanced Technology Usage in Auto Parts Fabrication. ??
Aftermarket automotive is refer as the secondary market related to the automotive industry. They are basically concerned with the manufacturing, re-manufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM). There are many factors which are creating an opportunity for the market growth. Increasing influence of technological advancement is transforming the market towards digitization. The aftermarket is going online and the marketplace is changing. Parts and services are being sold online.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Aftermarket Automotive market and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market