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