Ken Research - Brazil Automotive Aftermarket Research Report

Growth in Economy to Boost the Brazilian Automotive Aftermarket in Future: Ken Research The report titled “Automotive Aftermarket in Brazil”, provides a comprehensive analysis of Brazil’s automotive aftermarket, growth of the sector, major products, hierarchy, new trends, developments, technology and future of Brazil’s automotive aftermarket. Industry Overview: Brazil is the ninth-largest vehicle market in the world, with sales over 2 million in the recent years. The country’s political and economic crisis has affected the aftermarket market. Original equipment manufacturers (OEMs) and the automotive replacement market are the main markets in Brazil’s automotive industry chain. Brazilian automobile industry is responsible for the growth of the country’s economy since the beginning of the 20th century. The encouragement from manufacturers to establish the automobile industry has led to the development in production and subsequent commercialization of automobile aftermarket boosting the national economy. Originally the automotive aftermarket was to meet the needs of the automakers in terms of both production and after-sales demands. The increase in car sales in the recent years has led to a natural increase in demand for replacement parts, driving the growth in the automotive aftermarket sector. Brazilian aftermarket sector has witnessed decline comparing to other sectors of the automotive industry. The aftermarket is responsible for the resilience demonstrated by the sector during the recent period of economic recession that was experienced by the country. Brazilian Aftermarket Growth, Products and Structure: Brazil’s aftermarket need to upgrade itself with the ongoing trends compared to the aftermarkets elsewhere in the world. It starts from how the aftermarket is structured, how companies treat customers, what products are made and carried. If Brazilian aftermarket is upgraded to the 21 st century then the country will witness a drastic growth by the year 2020. The aftermarket is comprised of manufacture