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