Automotive Aftermarket Market Poised to Expand at a Robust Pace by 2027 – 3M, Continental AG, Delphi Technologies, Denso Corporation, Federal Mogul, Magneti Marelli S. p. A, NGK SPARK PLUG and Robert Bosch GmbH

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The automotive aftermarket is the secondary market for the automobile market with the component of system & services. It is concerned with manufacturing, remanufacturing, distribution, installation of various parts, repairing, etc.  The aftermarket has two parts, replacement parts, and accessories. It encompasses parts for replacement, collision, appearance, and performance including electric propulsion.

A rapid increase in vehicle sales and production is the major factor which is driving the Automotive Aftermarket market.  Vehicle components such as filters, deflectors, tires, brake parts, and actuators have a short lifespan, which leads to regular maintenance and replacement of components is expected to contribute tremendous growth in Automotive Aftermarket market.  However, improvement by OEMs, car manufacturers towards improvising the components are hampering the automotive aftermarket growth. Rising technological innovation in vehicles and advancement of systems, which include components such as sensors, ECUs, and display screens need regular maintenance, and replacement of electronic components are offering lucrative opportunities to the automotive aftermarket market.

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Some of The Major Players In Global Market:

1. 3M
2. Continental AG
3. Delphi Technologies
4. Denso Corporation
5. Federal Mogul
6. Magneti Marelli S. p. A
7. NGK SPARK PLUG CO. , LTD.
8. Robert Bosch GmbH
9. The Goodyear Tire and Rubber Company
10. ZF Friedrichshafen AG (ZF TRW)

The global Automotive Aftermarket market is segmented on the basis of product, vehicle Type, and sales. Based on product, the market is segmented as tire, wheels, battery, lighting, exhaust, components, body parts, accessories, telematics, and others. On the basis of the vehicle type the market is segmented into passenger vehicles, and commercial vehicles. Based on sales the market is segmented as OEM, professional service stations, and others.

Automotive Aftermarket Market – Global Analysis to 2027 is an expert compiled study which provides a holistic view of the market covering current trends and future scope with respect to product/service, the report also covers competitive analysis to understand the presence of key vendors in the companies by analyzing their product/services, key financial facts, details SWOT analysis and key development in last three years. Further chapter such as industry landscape and competitive landscape provides the reader with recent company level insights covering mergers and acquisitions, joint ventures, collaborations, new product developments/strategies taking place across the ecosystem. The chapters also evaluate the key vendors by mapping all the relevant products and services to exhibit the ranking/position of top 5 key vendors.

The Automotive Aftermarket Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 18 countries across the mentioned regions. The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.

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