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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