Aftermarket

Car & Automotive

79% of all new car sales in 2045 will be BEVs; automotive aftermarket e-commerce to reach $47 billion by 2025

Auto Care Association and AASA release two new automotive aftermarket reports providing forecasts and analysis of new technologies impacting the industry

Published: Dec. 13, 2021 at 10:25 AM EST|Updated: 3 hours ago

BETHESDA, Md., Dec. 13, 2021 /PRNewswire/ — The Auto Care Association, in partnership with Automotive Aftermarket Suppliers Association (AASA), commissioned the 2021 Joint Electrification Forecast and the 2021 Joint E-commerce Trends and Outlook Forecast to insights needed to navigate these developing trends. The China market, with its pronounced policies and sales rates of electric vehicle (EV) cars at levels four times that of the United States, presents an ideal look into the future of how the global EV market is likely to evolve. The COVID-19 pandemic’s effect on retail shopping in 2020 resulted in a rapid shift to e-commerce adoption in the auto care industry, with e-commerce sales of aftermarket parts and accessories (excluding

Car & Automotive

Automotive Aftermarket Market to grow by USD 211.53 billion | Rising Number of Automotive Consumers to Boost Growth | 17000+ Technavio Reports | State

By Michael J. Moody 7 months ago

NEW YORK, Nov. 29, 2021 /PRNewswire/ — The automotive aftermarket market is set to grow by USD 211.53 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 4.39% according to the latest report by Technavio.

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Automotive Aftermarket Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive aftermarket market report covers the following areas:

Automotive Aftermarket Market 2022-2026: Vendor Analysis

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 3M Co., Aptiv Plc, Continental AG, Cooper Tire and Rubber Co., DENSO Corp., HELLA GmbH and Co. KGaA, Robert Bosch GmbH, Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG are some of the

Car & Automotive

Malaysia Automotive Aftermarket Service Market Outlook to 2025: Surging Used Car Sales contributing to the Growth of Automotive Aftermarket Service Industry in Malaysia – Ken Research

By Michael J. Moody 11 months ago

Gurugram, India, July 29, 2021 (GLOBE NEWSWIRE) —

Automotive slowdown & the COVID-19 pandemic brought a sustained downward trend in new passenger car sales in 2021 in Malaysia.
The OEM/Authorized car service market is anticipated to grow with a CAGR of 11.7% during the forecast period 2020-2025.

Surging Vehicle Parc in Malaysia: Malaysian automotive industry in witnessing a growth in the number of vehicle parc, which is leading to higher demand for the multi brands and OEM car service companies in Malaysia. ~65% of the vehicle parc in Malaysia in 2020 comprised of post warranty cars that generally visit multi brand car service centers. Whereas, the pre warranty cars in the country prefer visiting the OEM car service centers. Multi brand service centers cost ~40% less as compared to the authorized car service center which is the major reason for consumer to shift to the multi brand service center during

Car & Automotive

Automotive Battery Aftermarket Market in Auto Parts & Equipment Industry | Technavio | State

By Michael J. Moody 1 year ago

NEW YORK, June 25, 2021 /PRNewswire/ — Set to grow by 26.28 million units during 2021-2025, Technavio’s latest market research report estimates the automotive battery aftermarket market to register a decelerating CAGR of almost 2%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Amara Raja Batteries Ltd., East Penn Manufacturing Co. Inc., EnerSys, Exide Industries Ltd., GS Yuasa Corp., LG Chem Ltd., Panasonic Corp., Robert Bosch GmbH, Saft Groupe SA, and Toshiba Corp. are some of the major market participants. Although the aging vehicle fleets will offer immense growth opportunities,