DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Automotive Aftermarket for Top 10 Component - Global Trends & Forecast to 2021" report to their offering.
The automotive aftermarket for top 10 components is projected to grow at a CAGR of 7.75%, to reach a market size of USD 302.64 billion by 2021.
The market is driven by key factors such as growing vehicle sales and parc, increase in average life of vehicle, rising miles driven per year, and emergence of new distribution channels. The growing popularity of e-commerce platforms as a distribution channel is also boosting automotive aftermarket sales. According to analysis, the global automotive E-tailing market is projected to reach USD 49.07 billion by 2021. Some of these aftermarket components are long lasting, increasing the time span between consecutive services, leading to a decline in the aftermarket activities. Many of these automotive components also face the threat of counterfeiting. According to Motor and Equipment Manufacturers Association (U.S.), majority of the counterfeit auto parts are produced in China, accounting for around 80% of the total automotive counterfeit goods.
The passenger car segment is expected to dominate the automotive aftermarket for top 10 components. Rising vehicle sales and parc of the passenger car segment has contributed to the growing aftermarket demand for automotive components, in this segment. According to the OICA, global passenger car sales have increased to 33.9 million in 2016, at an annual growth rate of 2%. Global parc of passenger car has grown to 907.0 thousand in 2014, at an annual growth rate of 4%.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Automotive Tire Aftermarket, By Region and Vehicle Type
5 Automotive Fluids Aftermarket, By Region and Vehicle Type
6 Automotive Filters Aftermarket, By Region and Vehicle Type
7 Automotive Battery Aftermarket, By Region and Vehicle Type
8 Automotive Brake Friction Products Aftermarket, By Region and Vehicle Type
9 Automotive Collision Body Aftermarket, By Region and Vehicle Type
10 Automotive Lighting Aftermarket, By Region and Vehicle Type
11 Remote Vehicle Diagnostics Aftermarket, By Region and Vehicle Type
12 Automotive Spark Plug Aftermarket, By Region
13 Automotive Bearings Aftermarket, By Region and Vehicle Type
- Aisin Seiki Co. Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/zgn6d9/automotive