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Jan 24, 2023, 05:00 ET
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NEW YORK, Jan. 24, 2023 /PRNewswire/ — According to Technavio, the global automotive aftermarket market size is estimated to grow by USD 164.58 billion from 2022 to 2027. The market is expected to grow at a CAGR of 6.26%. Moreover, the growth momentum will accelerate. APAC will account for 39% of the global market’s growth during the forecast period. COVID-19 has had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand and a large-scale disruption of the supply chain. It has exerted intense pressure on an already-stressed global automotive market. Yet, there are high predictions that few countries are bringing manufacturing facilities and production back on track, indicating that the supply side is on a restoration line. For more insights on the automotive aftermarket market, request a sample report
Leading trends influencing the market
Global automotive aftermarket market – Five forces
The global automotive aftermarket market is fragmented, and the five forces analysis covers –
Global automotive aftermarket market – Customer landscape
The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global automotive aftermarket market – Segmentation assessment
Technavio has segmented the market based on distribution channel (retailer, wholesale, and distribution) and vehicle type (passenger cars and commercial vehicles).
Based on geography, the global automotive aftermarket market is segmented into APAC, Europe, North America, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive aftermarket market.
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Global automotive aftermarket market – Market dynamics
Key factor driving market growth
Major challenges hindering market growth
Drivers, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!
What are the key data covered in this automotive aftermarket market report?
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The automotive aftermarket shock absorbers market size is expected to increase by USD 2.59 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.25%. This report extensively covers market segmentation by vehicle type (passenger vehicles and commercial vehicles) and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The automotive aftermarket telematics market size is expected to increase by USD 36.07 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 24.59%. This report extensively covers segmentation by application (passenger cars and commercial vehicles) and geography (APAC, North America, Europe, South America, and MEA).
Automotive Aftermarket Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 6.26%
Market growth 2023-2027
USD 164.58 billion
YoY growth 2022-2023 (%)
APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution
APAC at 39%
US, China, Japan, India, and Germany
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
3M Co., Aisin Corp., Akebono Brake Corp., ALCO Filters Ltd., Aptiv PLC, BASF SE, BorgWarner Inc., Bridgestone Corp, Continental AG, DENSO Corp., Faurecia, HELLA GmbH and Co. KGaA, JK Tyre and Industries Ltd., LCI Industries, MAP MotoRad Automotive Parts Ltd., NGK SPARK PLUG Co. Ltd., Pioneer Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Tenneco Inc., The Goodyear Tire and Rubber Co., Valeo SA, and ZF Friedrichshafen AG
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
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Table of contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Historic Market Size
6 Historic Market Size
7 Five Forces Analysis
8 Market Segmentation by Vehicle Type
9 Market Segmentation by Distribution Channel
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Trends
13 Vendor Landscape
14 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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