Tagged: aftermarket

Global Automotive Aftermarket Report 2021-2026 by Parts, Distribution Channel, Service Channel, Certification, Competitive Analysis

DUBLIN, September 01, 2021–(BUSINESS WIRE)–The “Global Automotive Aftermarket Market (2021-2026) by Replacement Parts, Distribution Channel, Service Channel, Certification, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Automotive Aftermarket Market is estimated to be USD 240.5 Bn in 2021 and is expected to reach USD 343.67 Bn by 2026, growing at a CAGR of 7.4%.

Market Dynamics

The leading factor that is expected to drive the global automotive aftermarket market is the escalating inclination by consumers to change OEM parts to enhance the execution of various

Read more

Automotive Parts Aftermarket in the US in Auto Parts & Equipment Industry Witnesses Emergence of Aptiv Plc and BASF SE as Dominant Vendors

View our Exclusive report on Market scenarios, Estimates, the impact of lockdown, and Customer Behaviour. 

Download FREE Sample Right Here!

The market is driven by growing advantages and the benefits of original OE replacement parts, the growing average age of vehicles in the US, and the growing passion for vehicle customization and surge in the number of vendors. However, the declining trend of automotive sales in the US since 2016 and challenges from online retailing to conventional retailing might impede the market to grow in the forthcoming years.

This report presents a detailed picture of the market by the way

Read more

Global e-Commerce Automotive Aftermarket Analysis Report 2021-2028 – Focus on Lighting, Engine Parts, Braking Systems, Transmission & Steering – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “E-Commerce Automotive Aftermarket Size, Share & Trends Analysis Report by Replacement Parts (Lighting, Engine Parts, Braking Systems, Transmission & Steering), by End Use, by Region, and Segment Forecasts, 2021 – 2028” report has been added to ResearchAndMarkets.com’s offering.

The global e-commerce automotive aftermarket size is anticipated to reach USD 143.9 billion by 2028, exhibiting a CAGR of 14.6%.

The growth can be attributed to the rising availability of automotive replacement equipment on online platforms, thereby enabling customers to access more affordable buying options. Improved supply chain activity with technology deployments such as the Internet of Things

Read more

US Automotive Aftermarket Insights & Forecast Report 2021-2025 Featuring 3M, Advance Auto Parts, AutoZone, Cooper Tire & Rubber Co, Lear Corp, O’Reilly Auto Parts – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “US Automotive Aftermarket: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)” report has been added to ResearchAndMarkets.com’s offering.

The U.S. automotive aftermarket is expected to record a value of US$448.9 billion in 2025, growing at a CAGR of 3.08% during 2021-2025

The factors such as growth in automotive production, upsurge in used car sales, rising number of smartphone users, acceleration in electric vehicle sales and rapid urbanization would drive the growth of the market.

However, the market growth would be challenged by expansion of ride-sharing services and rise in aftermarket fraudulent. A few notable trends

Read more

asTech announces patent for system to determine if aftermarket scan tool OK

AsTech announced last week it had received a patent for a method where technicians could send a VIN to a database “and assist in determining whether an original equipment manufacturer (OEM) diagnostic tool — or aftermarket tool — is required for proper diagnosis and/or repair of the vehicle.”

“asTech’s technology is an industry ‘game changer’ by providing unique functionality to access vital OEM and aftermarket remote diagnostics data via VINs, and this newest patent will help us in protecting that technology” Cris Hollingsworth, president of Repairify, which does business as asTech, said in a statement July 22. “ASE technicians will

Read more