Felton, 18 December
2019 - This report provides in depth study of “Automotive After Market” using SWOT
analysis i.e. Strength, Weakness, Opportunities and Threat to the organization.
The Automotive After Market report
also provides an in-depth survey of top key players in the market which is
based on the various objectives of an organization such as profiling, the
product outline, the quantity of production, required raw material, and the
financial health of the organization.
The global automotive after market valuation is expected to
cross USD 486.36 billion by 2025. Automotive after market is driven by factors
such as rise in buyers’ awareness regarding routine maintenance, convenience,
and safety along with add-on services such as internal and external accessories
and exhaust components.
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Automotive after market, however, encounters negative
setback in form of stringent policies by government, dearth of labor, and
loopholes in record retrieving systems for older vehicles. Automotive industry
is enormous in Western Europe, Eastern Europe, Russia, China, and India. The
market is witnessing significant changes along with growing importance not only
for brand new cars but also in the after market domain. Customers’ expectation,
technological growth, automotive suppliers, and shifts in competitive power
help in revamping and development of automotive aftermarket.
Emerging markets seem to create new needs for after market
industry and simultaneously, the market players may encounter challenges such
as rising pace of consolidation, particularly in European counterparts and U.S.
On the other hand, automotive suppliers operate in a highly stable environment
to face a new type of competitive pressure from other players at alternate
stages of after market value chain. Market trends such as major shifts in after
market industry coupled with technological upgrade at periodic intervals prove
to be game-changing factors for major players to maintain a strong market
position.
The automotive after market segmentation includes product,
replacement, distribution channel, sales outlet and geography. Replacement type
comprises tire, battery, brake parts, filters, lighting, electronic components
and body parts. Tire segment is expected to account for higher growth in the
forecast period. Distribution channel segmentation includes retailers and
wholesalers. Retailers segment would account for dominant position in the
forthcoming period.
European automotive after market is expected to witness a
substantial growth in the forthcoming period due to rise in infrastructural
development coupled with stringent policies by government along with rise in
foreign investments. Middle East and African regions are likely to gain a
higher growth in the forthcoming period due to growth in foreign investments,
rise in vehicle population along with favorable policies by government. The key
players in the automotive after market include 3M Company, Delphi Automotive
PLC, Denso Corporation, Continental AG, Federal-Mogul Corporation, Magneti
Marelli S.p.A, and Robert Bosch GmbH.
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Market Segment:
Automotive after
market Replacement Part Outlook (Revenue, USD Billion, 2014 - 2025)
• Tire
• Battery
• Brake parts
• Filters
• Others
Automotive after
market Distribution Channel Outlook(Revenue, USD Billion, 2014 - 2025)
• Retailers
• OEMs
• Repair Shops
• Wholesalers
& Distributors
Automotive after
market Service Channel Outlook(Revenue, USD Billion, 2014 - 2025)
• DIY (Do It
Yourself)
• DIFM (Do It for
Me)
• OE (Delegating
to OEMs)
Automotive after
market Certification Outlook (Revenue, USD Billion, 2014 -2025)
• Genuine Parts
• Certified Parts
• Uncertified
Parts
Continued….
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