Growing demand from replacement components, owing to more usage of older vehicles in Latin America will drive the product penetration. This is due to more than 50 % of the vehicles in Mexico are older than 10 years.
Europe led by Germany, UK and France will witness more than 4.5 % growth. Large presence of original equipment manufacturers along with regional players will drive the regional demand. Stringent government regulations for improving fuel efficiency will result in frequent maintenance of older vehicles should fuel the market demand.
Global automotive aftermarket industry share is highly fragmented. The key market players include Denso Corporation, Magneti Marelli, Continental AG, Akebone Brake Corporation, 3M Company, Cooper Tire and Rubber Company.
Other participants in the industry include Yazaki, ALCO Filters, Lear Corp, Johnson Controls, Magna International and BASF SE.
Segmentation of Automotive Aftermarket:
Automotive aftermarket industry research report includes in-depth coverage of the industry with estimates & forecast in terms revenue in USD billion from 2013 to 2024, for the following segments:
Automotive Aftermarket Industry By Product
• Replacement parts
• Accessories
Automotive Aftermarket Industry By Sales Outlet
• Professional
• Garages & Service Stations
• Automobile Dealerships
• Government
• Others
• DIY
• Discount Department Stores
• Auto Parts Stores
• OEM
The above information is provided on a regional and country basis for the following:
• North America
• U. S.
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