Wholesale and Distribution Automotive Aftermarket Market Scope
The wholesale and distribution automotive aftermarket refers to the secondary market for the automotive that focuses on the wholesale and distribution of automobiles, their parts, and related services after the original equipment manufacturer has sold the automotive to the consumer. The traditional demand for repair, maintenance, and parts service. Need to implement loyalty programs for wholesalers and dealers and also improve service quality and service customization at the dealer and repair shop levels. Growing importance includes not only new car sales but also aftermarket. The original equipment manufacturers design and produce vehicles with original parts developed by the company. The user has several options to get the components replaced. The aftermarket distribution and wholesalers offer similar components at lower costs. There is a vast pool of manufacturers for these components offering products at varied quality and prices. An increase in demand for collision repair due to the rise in the number of sales of automobiles is a factor driving the market and establishing new industrial facilities requires large upfront costs this factor may restrain the market.
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|Key Companies Profiled||Magneti Marelli S.p.A. (Italy), Denso Corporation (Japan), 3M Company (United States), Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Automotive PLC (Ireland), Federal-Mogul Corporation (United States), The Goodyear Tire & Rubber Company (United States), ZF Friedrichshafen AG (Germany) and Cooper Tire & Rubber Company (United States)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Wholesale and Distribution Automotive Aftermarket. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Wholesale and Distribution Automotive Aftermarket market throughout the predicted period.
Magneti Marelli S.p.A. (Italy), Denso Corporation (Japan), 3M Company (United States), Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Automotive PLC (Ireland), Federal-Mogul Corporation (United States), The Goodyear Tire & Rubber Company (United States), ZF Friedrichshafen AG (Germany) and Cooper Tire & Rubber Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are LeMans Corporation (United States), Motorsport Aftermarket Group (United States), Textron Inc. (United States), Western Power Sports, Inc. (United States) and Polaris Inc. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Wholesale and Distribution Automotive Aftermarket market by Type and Region with country level break-up.
On the basis of geography, the market of Wholesale and Distribution Automotive Aftermarket has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn February 2021, Goodyear Tire & Rubber Company, a US-based manufacturing company that develops, manufactures, distributes, and sells tires, acquired Cooper Tire & Rubber Company. Through this acquisition, Goodyear will better serve more customers globally and has more scale to support more significant investments in new fleet and mobility solutions.
In January 2023, Western power sports (WPS), a nationwide distributor of powersports industry brands and products, announced a partnership with S&S cycle, to distribute off-road exhaust systems and performance parts through the WPS dealer network.
Influencing Trend:Increasing digitalization of vehicle repair and maintenance services
Market Growth Drivers:Increase in demand for collision repair due to the rise in the number of sales of automobiles
Challenges:The replication of auto components poses a major threat
Restraints:Establishing new industrial facilities requires large upfront costs
Opportunities:Growing awareness among consumers regarding proper maintenance and repair of vehicles supports
Key Target AudienceAftermarket products Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries