Automotive Aftermarket Market Forecast to 2027 - 3M, Continental AG, Delphi Technologies, Denso Corporation, Federal Mogul, Magneti Marelli S. p. A, NGK SPARK PLUG CO. , LTD., Robert Bosch GmbH, The Goodyear Tire and Rubber Company, ZF Friedrichshafen AG

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.

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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.

Companies Mentioned: 3M, Continental AG, Delphi Technologies, Denso Corporation, Federal Mogul, Magneti Marelli S. p. A, NGK SPARK PLUG CO. , LTD., Robert Bosch GmbH, The Goodyear Tire and Rubber Company, 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.

Significant Features that are under Offering and Key Highlights of the Reports:

· Detailed overview of Automotive Aftermarket Market

· Changing Automotive Aftermarket market dynamics of the industry

· In-depth market segmentation by Type, Application etc.

· Historical, current and projected Automotive Aftermarket market size in terms of volume and value

· Recent industry trends and developments

· Competitive landscape of Automotive Aftermarket Market

· Strategies of key players and product offerings

· Potential and niche segments/regions exhibiting promising growth.