‘Automotive Aftermarket Parts Market Worth $388.8 Billion In 2017’ Says Visiongain Report
09 August 2017
Visiongain’s new report the Automotive Aftermarket Parts Market Report : Forecasts By Component (Tires, Battery, Filters, Braking Products, Lighting Parts, Spark Plugs, Collision Body Parts, Starters & Alternators, Exhaust Components, Wheels, Others) By Vehicle Type (Passenger Cars, Commercial Vehicle) & By Region Plus Analysis of Top Automotive Aftermarket Suppliers indicates that the global automotive aftermarket parts market will see $388.8bn in spending in 2017.
The lead analyst of the report said: “The automotive aftermarket parts is experiencing significant changes in global market volumes, with flat sales in Western Europe and increasing demand for aftermarket components in emerging markets of Eastern Europe, India, China and Russia. The automotive aftermarket creates attractive revenue opportunities and margins with the number of local and regional manufacturers increasing to serve the growing demand. However, winning in the aftermarket segment is far from easy as it involves complexities, and a large of maintenance and repair activities and critical supply chain activities. Improvement of marketing and sales activities with attractive sales offers for regional distributors and retailers is the main trigger to remain competitive in emerging economies such as India and China.” .
The 215 page report contains 248 tables, charts and graphs that add visual analysis in order to explain developing trends within the automotive aftermarket parts market. Visiongain provides forecasts for the period 2017-2027 for 10 leading automotive aftermarket components submarkets, namely tires, battery, filters, braking products, lighting parts, spark plugs, collision body, starters & alternators, exhaust components, wheels and others. The report also includes forecasts for the vehicle type market for passenger vehicles and commercial vehicles.
The Automotive Aftermarket Parts Market Report 2017-2027 report also profiles the leading automotive aftermarket parts companies including Continental AG, Denso Corporation, ZF Friedrichshafen AG, Magna International, Aisin Seiki Co., Ltd., Valeo Group, Delphi Automotive PLC, Schaeffler AG, MAHLE GmbH and Tenneco Inc.
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