The global wholesale
& distribution automotive aftermarket is
expected to reach USD 277.37 billion by 2025, according to a new report
conducted by Grand View Research, Inc. Digitalization of automotive repair
& component sales, complemented with advanced technology incorporations in
the automobile aftermarket component manufacturing, is expected to boost the
market growth. The surging reception of semi-autonomous, electric vehicles, and
hybrid & autonomous cars in the years to come is further expected to
bolster the new component market growth. The market has been categorized based
on replacement parts into tire, battery, brake parts, filters, body parts,
lighting & electronic components, wheels, exhaust components and other
replacement parts
The increasing vehicle penetration is driven by the
overall improvement of lifestyle in developing countries, such as India and
Brazil, and is expected to drive the growth of the automobile industry in these
countries. Similar surges in the automotive manufacturing sector across various
regions, along with increasingly stringent norms regarding emissions, are
expected to drive the growth of automotive aftermarket component sales over the
forecast period.
The Asia Pacific regional market is expected to be the
fastest-growing market for automotive collision repair services over the
forecast period, owing to its developing living standards and high vehicle
production. It is also anticipated to be the fastest-growing market in
automobile production. With the growing penetration and acceptance of gas and
hybrid electric cars, the number of specialized repair centers dedicated toward
repair of particular vehicles is expected to increase.
The wholesale & distribution automotive
aftermarket is expected to witness tremendous growth due to an upsurge in the
number of vehicle collisions along with the inclination of owners toward
repairing automobiles.
Access
Full Research Report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/wholesale-distribution-wd-automotive-aftermarket-industry
Further
key findings from the study suggest:
- The wholesale & distribution automotive
aftermarket is estimated to grow significantly over the forecast period,
owing to an increase in the number of lightweight vehicles coupled with
the increasing age of light vehicle fleet.
- North America has witnessed a higher technology
adoption rate, which, in turn, is anticipated to result in a faster and
higher adoption of hybrid electric automobiles in the region as compared
to other geographies.
- The wholesale & distribution automotive
aftermarket is anticipated to witness a phase change attributable to the
growing proportion of specialized automotive collision repair centers that
are dedicated to serving specific vehicles, such as alternate fuel powered
vehicles.
- Key industry participants include Magneti Marelli
S.p.A., Continental AG, 3M Company, Federal-Mogul Corporation, Delphi
Automotive PLC, Robert Bosch GmbH, and Denso Corporation.
Browse more reports of this category
by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation
Grand
View Research has segmented the wholesale & distribution automotive
aftermarket based on replacement parts and regions:
Wholesale & Distribution Automotive Aftermarket Replacement Part
Outlook (Revenue, USD Billion; 2014 - 2025)
- Tire
- Battery
- Brake parts
- Filters
- Body parts
- Lighting & electronic components
- Wheels
- Exhaust components
- Others
Wholesale & Distribution Automotive Aftermarket Regional Outlook
(Revenue, USD Billion; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- The Middle East & Africa
Access press release by Grand View Research: http://www.grandviewresearch.com/press-release/global-wholesale-distribution-wd-automotive-aftermarket-industry
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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