Several e-commerce automotive aftermarket players focus on differentiating their services to enhance their customer traction. Automobile manufacturers face certain constraints while carrying out manufacturing processes, production cost being one. The retailers segment is anticipated to dominate the market in terms of size by This has led to more wear and tear in vehicle parts, thus augmenting the demand for automotive aftermarket products.
Expansion of online platforms will drive the individual customers size. As vehicles on the road continue to age, there will be an ever-growing demand for parts and services.
The aftermarket is going digital, with parts and services being sold online. Suppliers OES that are continuously on the lookout for buying groups and distributors that align with the philosophy of the company.
The automotive aftermarket provides these parts and services, and largely flourishes during economic uncertainty. Older cars need more care and an aging and older national fleet is great news for aftermarket providers.
Factors such as crash repair, wear and tear are supporting aftermarket components demand. Digitalization of component delivery sales and services, along with advent of online portal distributing aftermarket components in association with global auto-part supplier groups, is expected to draw massive investments from key industry participants.
Covered in this report The report covers the present scenario and the growth prospects of the automotive aftermarket For each city in question, the percent share the city is of its state and Although uncertified parts can be used instead of original auto parts, they are not approved by the car maker.
Aftermarket filters, however, offer the chance of choosing a muffler that suits the conditions in which a vehicle operates.
Automobile manufacturers face certain constraints while carrying out manufacturing processes, production cost being one. Increasing average vehicle ownership duration for used and new vehicles along with an upsurge in the e-commerce trade will augment the automotive aftermarket proliferation.
Factors such as crash repair, wear and tear are supporting aftermarket components demand.
Genuine Aftermarket automotive industry analysis parts have greater assurance of quality, are diverse, easy to find, and include a warranty. Fewer cars are being unregistered, abandoned, or junked. An upsurge in the sales and production along with changing lifestyles and increasing disposable income will enhance the automotive aftermarket share.
HomeTown Welcome Program put out a great report featuring new mover spending statistics. More new cars hitting the road PLUS cars are getting older but staying registered has these aftermarket businesses running hot. In the average age of registered vehicles was Moreover, the surging demand for passenger cars such as mid-size, compact, luxury, and premium will proliferate the exterior division in the accessories segment.
Consumer preference for aftermarket parts compared to the original manufacturer parts owing to lower costs is likely to boost revenue generation. Environmental Protection Agency, monitor built-up standards and environmental impacts associated with automotive component functioning.
However, e-commerce is not for every consumer. The wholesale and distribution segment, on the other hand, is slated to exhibit a stronger growth rate in terms of revenue from to OEM factory fill was valued at over USD 85 billion in owing to the increasing consumer preferences towards automotive parts provided by the OEM players.
Distinct services are offered by the online channel distributors resulting in frequent buying behaviour of the customers. Significant enhancements in vehicle engineering including efficient engines, diversified paint coatings, customization alternatives, and various accessories owing to rapid technological advancements will propel the market demand.
Well established online infrastructure in the region supports in high revenue generation over the forecast period. Genuine parts are made by car manufacturers or by OEMs, also known as subcontractors. Advanced technology usage in fabrication of auto parts, surge in automobile production and sales, and digitalization of auto component delivery services are anticipated to spur the market in the region.
Increasing customization of vehicles, digitization, demand for Bluetooth devices, and other accessories are driving the industry in the U.The report highlights country-wise ASEAN automotive aftermarket share by value and sets the forecast within the context of the ASEAN automotive aftermarket, including new technological developments as well as parts, services and accessories offerings for the aftermarket.
Automotive aftermarket industry statistics. Automotive aftermarket industry trends and statistics, news and analysis. We cover SEMA, AASA, CAN and the Auto Care Association news as well as other news on the auto parts industry. E-Commerce Automotive Aftermarket Industry, By E-Commerce Retail E-commerce automotive aftermarket from third party retailers will account for more than USD 29 billion by Distinct services are offered by the online channel distributors resulting in frequent buying behaviour of the customers.
Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Read More The Outlook for Passenger Car Tires and Car Aftermarket Products in the United States. The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer (OEM) to the consumer.
The parts. Automotive Aftermarket industry size was over $ billion in and this market will grow at CAGR of over % to with a surge in manufacturing of auto components.Download