According to SPER Market Research, the Automotive Aftermarket Service Industry Market industry is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, and appearance parameters along with many other aspects. The selling of automotive aftermarket goods and services by businesses (organizations, lone entrepreneurs, and partnerships) that offer automotive aftermarket solutions makes up the automotive aftermarket market.
Automotive Aftermarket Service Industry Overview (2022-2032)
Forecast CAGR (2022-2032): 3.59%.
Forecast Market Size (2032): 602.13 billion.
Impact of COVID-19 on the Global Automotive Aftermarket Service Industry:
The vehicle and transportation industry, which is currently suffering through unprecedented volatility, is one of the verticals that is most vulnerable to the ongoing COVID-19 epidemic. It is anticipated that COVID-19 would have a significant impact on the industry’s supply chain and product demand.
From China’s disruption of the supply chain to the general drop in aftermarket product demand, the sector is now concerned. It is projected that demand for commercial vehicle parts will substantially decrease once all non-essential services have been terminated.
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Automotive Aftermarket Service Industry Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Replacement Parts:
- Brake Parts.
- Body Parts.
- Exhaust Components.
By Vehicle Type:
- Passenger Cars.
- Commercial Vehicles.
- Genuine Parts.
- Certified Parts.
- Uncertified Parts.
By Service Channel:
- DIY (Do it Yourself).
- DIFM (Do it for me).
- OE (Delegation to OEM’s).
- North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Automotive Aftermarket Service Industry Key Players:
The Automotive Aftermarket Service Industry Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AISIN SEIKI CO., Continental AG, Cooper Tire & Rubber Company, Delphi Automotive PLC, Denso Corporation, Exide Technologies, Inc., Federal-Mogul Corporation, Goodyear Tire & Rubber Company, HELLA Kaashoek& co., Johnsons Controls Inc., Lear Corporation, Magneti Marelli S.p.A., Robert Bosch GmbH, Royal Dutch Shell PLC, Valeo Group, ZF Friedrichshafen AG.
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SPER Market Research