Business

Automotive After Market to Witness Steady Growth During the Forecast Period 2015 – 2021

Press Release

With having published myriads of reports for global clients, Persistence Market Research exhibits its expertise in the market research field. Our dedicated crew of professionals ride the wave of advanced technologies, such as artificial intelligence, and big data analytics, to project the adoption pattern and consumption trends regarding the market. A three-step quality check process – data collection, triangulation, and validation – is paramount while assuring the authenticity of the information captured.

Global Automotive After Market Report

The latest business intelligence study by PMR suggests that the global market size of Automotive After reached US$ xx Mn/Bn in 2018 and is anticipated to register US$ xx Mn/Bn by the end of forecast period with a CAGR of xx%. The research study focuses on the drivers, restraints, opportunities and trends impacting the Automotive After Market.

All the relevant vendors running in the Automotive After Market are examined based on market share and product footprint.

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What does the Automotive After Market research hold for the readers?

  • Market segmentation assessment, including qualitative and quantitative research depicting the impact of economic and non-economic factors
  • Breakdown of each Automotive After Market player as per mergers & acquisitions, R&D projects, and product launches
  • Leading regions holding significant share in the global Automotive After Market along with the key countries
  • One to one company profile of prominent stakeholders
  • Critical study of each Automotive After manufacturer, such as market share, regional footprint, and product innovations

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The Automotive After Market research clears away the following queries:

  1. Why region holds the largest share in the Automotive After Market over the forecast period?
  2. Why are stakeholders shifting away from conventional methods for manufacturing Automotive After ?
  3. In which year, the global Automotive After Market has the lowest Y-o-Y growth rate?
  4. At what rate has the global Automotive After Market been growing throughout the historic period?
  5. By end use segment, which segment currently leads the global Automotive After Market?

And many more…

key players are providing innovative services such as mobility and telematics services, which in turn create opportunities to generate revenue and account for growing share of the automotive aftermarket. There is a huge potential for automotive aftermarket in countries such as the U.K, Russia, France, Italy, Spain, China and India. Automobile companies are expanding their business in these countries, which is expected to drive the growth of automobile aftermarket over forecast period.

 
The automotive aftermarket report contains the global scenario of this market discussing detailed overview and market figures. The research report analyses the industry growth rate, industry capacity, and industry structure. The report analyses the historical data and forecasts the automotive aftermarket size along with key factors driving and restraining the market growth.
 
The automotive aftermarket market can be segmented into two major types into channels and vehicle age. The automotive aftermarket can be segmented on the basis of its channel into two major categories namely authorized channels: such as single-brand repair shop & multi-brand repair shop and independent channels: such as franchise workshops, automotive centers, and independent repair shops. On the basis of vehicle age the automotive aftermarket can be segmented into three major categories namely vehicle age 0-4 years, vehicle age 4-8 years and vehicle age over 8 years. The market can also be segmented geographically into North America, Europe, Asia Pacific and Rest of the World (Latin America, Middle East and Africa).
 
The automotive aftermarket across the globe is expected to show a substantial growth in CAGR, from 2013 to 2019. There is a significant increase in the automotive aftermarket market because it reduces repair and maintenance cost per vehicle.
 
The key drivers of this market include emerging market in Europe and Asia Pacific, cost advantage and increasing demand for high quality brand, which are biggest revenue generator for the market.The key restraint to this market is legal issues, which is hindering the growth of automotive aftermarket.
 
Some of the key players in the automotive aftermarket are ABS Friction Inc., ADVICS North America Inc., Bosch Brake Components LLC, Honeywell, Fritec, Link Engineering and Centric Parts among others.
 
The automobile industry is working to make sure that end-users can access reliable, cost-effective maintenance and repair services. These benefits of automotive aftermarket increase value of service to the customer.
 
Key geographies evaluated in this report are:
  • North America
    • U.S
    • Canada
  • Europe
    • France, Germany, Italy, Spain, and the UK
    • Eastern Europe
    • CIS
  • APAC
    • China
    • India
    • Japan
    • Australia
    • Others
  • Latin America
    • Argentina
    • Brazil
    • Others

Key features of this report

  • Drivers, restraints, and challenges shaping the Automotive After market dynamics
  • Latest innovations and key events in the industry
  • Analysis of business strategies of the top players
  • Automotive After market estimates and forecasts(2015 -2021)

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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes. 

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This post was originally published on Trading Herald