Rising demand for the vehicle durability has increased the scheduled maintenance frequency to achieve better performance . This has resulted in increasing replacement of original parts driving the automobile aftermarket industry size .
DIY automotive aftermarket industry generated revenue over 100 billion in 2015 . Low operation cost is the substantial factor driving the product development in this segment . Rising consumer awareness pertaining to online maintenance tutorials is the key factor positively influencing the market growth .
U . S Automotive Aftermarket Size , by Product , 2013-2024 ( USD Billion )
Favorable FDI policies in developing countries has led to increasing number of manufacturing plants . Additionally , rising customer base of international market players across the globe along with increasing number of service centers are the driving factors for the automobile aftermarket industry growth .
Legal issues regarding patent and copyright infringement are restraining factors to automotive aftermarket industry . Increasing on-road vehicle usage coupled with rising vehicle average age are the key factors driving the global automotive aftermarket demand . Tires , electrical parts and brakes are among the highest revenue generating parts accounting for over 50 % of total revenue generated from replacement part segment .
Easy replacement parts availability accompanied by ease in operations like changing oil , tires , mirrors with minimum requirement of tools are driving the DIY sales outlet market size . Mexico is one of the major exporters of the vehicle replacement components particularly for the U . S . with favorable import policies will positively influence the automotive aftermarket demand .
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