Automotive Aftermarket for Top 10 Components is projected to rise at a significant CAGR during the forecast from 2021 to 2027. The key factors driving the growth of the automotive aftermarket for top 10 components are growing vehicle sales, rising miles driven per year, increase in average life of vehicle, and emergence of new distribution channels. The rising popularity of e-commerce platforms as a distribution channel is another factor boosting the sales of the automotive aftermarket. However, due to the increasing quality of the components, some components are long lasting. This increases the time between the two consecutive services and hence leads to less demand for these components. This can act as a restraining factor for the growth of the automotive aftermarket for components during the forecast period.
The Asia-pacific region is expected to dominate the automotive aftermarket during the forecast period. The increasing socio-economic conditions in the countries such as India, China, Indonesia etc., along with the rising per capita income and high demand for vehicles is driving the growth of the market in the Asia-Pacific region. Additionally, the high population in China and India further leads to an increase in the demand for passenger vehicles which in turn leads to a positive impact on the automotive aftermarket. The major players in the automotive aftermarket for top 10 components include Continental Group, Bridgestone Group, Michelin Group, and Goodyear Tire and Rubber Company among others.
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A full report of Global Automotive Aftermarket for Top 10 Components Market is available at: https://www.orionmarketreports.com/automotive-aftermarket-for-top-10-components-market/60297/
The following Segmentation are covered in this report:
By Component
- Tires
- Fluids
- Filters
- Batteries
- Brake friction products
- Collision bodies
- Lighting
- Remote Vehicle Diagnostics (RVD)
- Spark Plugs
- Bearings
By Vehicle Type
- Passenger Cars (PC)
- Commercial Vehicles (CV)
By Region
North America:
- US
- Canada
Europe:
- France
- Italy
- Germany
- UK
- Rest of Europe
Asia Pacific:
- India
- China
- Japan
- Australia
- Rest of APAC
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Aftermarket for Top 10 Components Market.
- The market share of the global Automotive Aftermarket for Top 10 Components Market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Aftermarket for Top 10 Components Market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Aftermarket for Top 10 Components Market.
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
