Automotive Aftermarket Market Size, Development, Key Opportunity, Application & Forecast to 2026
Polaris Market Research adds a new report Global Automotive Aftermarket Market Research Report for the period of 2017-2026 that shows the growth of the market is rising at a Steady CAGR to 2026.
(EMAILWIRE.COM, October 22, 2018 ) The worldwide Automotive Aftermarket market is anticipated to reach USD 519.2 billion by 2026. In 2017, the tire segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.
The automotive aftermarket market is highly competitive. Vendors offer products and services required for repair and maintenance for wide range of cars, trucks, vans, and buses. Consumers consider factors such as quality, price, convenience, and vehicle age before making informed decisions about repair and maintenance offered by market players.
Request sample copy of this report @ https://www.polarismarketresearch.com/industry-analysis/automotive-aftermarket-market/request-for-free-sample
Top Key Player In Global Market: -
Royal Dutch Shell PLC
Denso Corporation
Johnsons Controls Inc.
Exide Technologies, Inc.
3M Company
Delphi Automotive PLC
Magneti Marelli S.p.A
Goodyear Tire & Rubber Company
Robert Bosch GmbH
Cooper Tire & Rubber Company.
The expanding global automotive industry, along with increasing average age of vehicles majorly drives the market growth. Consumers are increasingly becoming aware of proper maintenance and repair of vehicles, which supports market growth. Other factors driving market growth include greater need for long distance travel, technological advancements in telematics technologies, and changing lifestyles. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for automotive aftermarket market in the coming years.
Established industries, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Favorable regulations for production of automotive aftermarket components, and poor road infrastructure in developing countries such as India, and Pakistan are expected to augment market growth during the forecast period.
Make Inquiry about this report @ https://www.polarismarketresearch.com/industry-analysis/automotive-aftermarket-market/inquire-before-buying
The various types of automotive aftermarket products include tire, wheels, battery, lighting, exhaust components, body parts, accessories, telematics, and others. The tire segment is expected to lead the market during the forecast period. Tires are easily damaged by external factors and need to be replaced periodically. There has been an increasing demand of radial tires owing to low rolling resistance, higher durability, and enhanced service.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact us-
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
The automotive aftermarket market is highly competitive. Vendors offer products and services required for repair and maintenance for wide range of cars, trucks, vans, and buses. Consumers consider factors such as quality, price, convenience, and vehicle age before making informed decisions about repair and maintenance offered by market players.
Request sample copy of this report @ https://www.polarismarketresearch.com/industry-analysis/automotive-aftermarket-market/request-for-free-sample
Top Key Player In Global Market: -
Royal Dutch Shell PLC
Denso Corporation
Johnsons Controls Inc.
Exide Technologies, Inc.
3M Company
Delphi Automotive PLC
Magneti Marelli S.p.A
Goodyear Tire & Rubber Company
Robert Bosch GmbH
Cooper Tire & Rubber Company.
The expanding global automotive industry, along with increasing average age of vehicles majorly drives the market growth. Consumers are increasingly becoming aware of proper maintenance and repair of vehicles, which supports market growth. Other factors driving market growth include greater need for long distance travel, technological advancements in telematics technologies, and changing lifestyles. New emerging markets, emerging consumer demographics, and sale through online channels would provide growth opportunities for automotive aftermarket market in the coming years.
Established industries, technological advancements, and high investment in R&D are factors expected to drive the market growth in the region. Asia-pacific is expected to grow at the highest CAGR during the forecast period. This is due to economic growth in countries such as China and India, leading to rising living standards and high disposable income. Expansion of global players into these countries to tap market potential boosts the market growth. Favorable regulations for production of automotive aftermarket components, and poor road infrastructure in developing countries such as India, and Pakistan are expected to augment market growth during the forecast period.
Make Inquiry about this report @ https://www.polarismarketresearch.com/industry-analysis/automotive-aftermarket-market/inquire-before-buying
The various types of automotive aftermarket products include tire, wheels, battery, lighting, exhaust components, body parts, accessories, telematics, and others. The tire segment is expected to lead the market during the forecast period. Tires are easily damaged by external factors and need to be replaced periodically. There has been an increasing demand of radial tires owing to low rolling resistance, higher durability, and enhanced service.
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
Contact us-
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com
Contact Information:
Polaris Market Research
Neel
Tel: +1-646-568-9980
Email us
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Polaris Market Research
Neel
Tel: +1-646-568-9980
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results