The global automotive aftermarket size was valued at USD 390.10 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2021 to 202 Pune, April 17, 2020 (GLOBE NEWSWIRE) -- The global automotive aftermarket size is set to touch USD 288.20 billion by 2026, exhibiting a CAGR of 3.7% during the forecast period
Industry Outlook Auto Parts Industry. In 2020, the Thai auto parts industry is likely to contract in line with the automotive manufacturing industry. Effects of the COVID-19 virus outbreak. เข้าใจและรู้ใจลูกค้า ด้วยบริการสินเชี่อส่วนบุคคลที่หลากหลายและครอบคลุมทุกความต้องการ โดยธนาคารกรุงศรี. Over the last few months, the auto industry has shown tremendous resilience. From the economic depths experienced in spring 2020, it has rebounded to deliver year-over-year growth in new-vehicle sales over the last few months across China, Europe, and the US. However, despite encouraging reports on progress toward a vaccine, numerous risks remain and we continue to forecast that sales in Europe and the US will not rebound to pre-COVID levels until 2023 at the earliest. Meanwhile. Overall, the global automotive industry is in better shape than it was five years ago, especially in the US, where profits and sales have recovered following the recent economic crisis, and in China, where growth remains strong. This progress will likely continue. By 2020, global profits for automotive OEMs are expected to rise by almost 50 percent. The new profits will come mainly from growth in emerging markets and, t Automotive Aftermarket Overview The automotive aftermarket value was $803.22 billion in 2019, and the market is predicted to register a CAGR of 5.07% between 2020 and 2030. Globally, the aftermarket is predicted to exhibit the fastest growth in the Asia-Pacific (APAC) region from 2020 to 2030
The AP news staff was not involved in its creation. Global Automotive Industry Outlook 2019-2020 & 2023: Focus on Mobility, Powertrain,Eemobility, Autonomous, Connected and Telematics, and Aftermarket Segments - ResearchAndMarkets.com April 18, 201 Automotive Parts Aftermarket Market in US to Grow by $ 17.26 bn in 2020 | Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 | Technavi
US Auto Industry Trends and Outlook 2020 - Auto Industry Roundup There haven't been many years in history where the auto industry outlook has gone through such wild swings as 2020. Auto industry trends - and especially auto industry sales trends - have been thrown into disarray by broader societal factors The automotive aftermarket industry market accounted for USD 403.6 billion in 2020 and is expected to reach USD 610.1 billion by 2028, growing at a CAGR of 5.7% from 2021 to 2028. Home Industrie Automotive Collision Repair Market Size By Product (Crash Parts, Paints & Coatings, Adhesives & Sealants, Abrasives, Finishing Compounds), By Vehicle (Passenger Cars, LCV, HCV, Two Wheelers), By Source (New OEM, Aftermarket, Recycled, Remanufactured), By Auto Body Shops (Dealer Owned Shops, Independent Repair Shops), Industry Analysis Report, Regional Outlook, Application Potential. he uture of the Automotive Value Chain Supplier industry outlook 2025 05 Automotive players are facing disruptive times. Many insights, opinions, and rec-ommendations have been voiced on this. Earlier in 2017, we published our views on the drivers that will likely shape the auto - motive industry over the next decade. W
New Jersey, United States,- Heavy-duty Automotive AfterMarket Market Report offers market size, share, overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting the market, forecast, and other important information for key insight Automotive Brake Components Aftermarket Market Growth, Demand and Business Outlook 2021 to 2026; E-Learning Market Trends, Demand and Business Opportunities 2026 ; Global Socket Outlets Market Insights, Key Company, Revenue and Forecast to 2021 - 2028; Stretchable Electronics Market Business Status, Industry Trends and Outlook 2020 to 2026 by Types (Electroactive Polymers, Stretchable. Automotive coolant aftermarket is projected to exhibit a CAGR of 4.0% through the forecast period 2020-2030. Sales through independent garages continue to account for a significant chunk of overall revenues. The pervasiveness of car rental businesses is accelerating maintenance and coolant replacement/ top up, creating new growth avenues According to a report by P&S Intelligence, the global e-commerce in automotive aftermarket is predicted to generate a revenue of $292.6 billion by 2030, and is expected to witness a robust growth, of 23.3% CAGR, during the time period 2020-2030. This is due to the rising customer awareness regarding several vehicles parts and their specification
The African automotive market was valued at USD 28.45 billion in 2020, and it is expected to reach USD 39.87 billion by 2026, registering a CAGR of 5.55% over the forecast period. However, the outbreak of the pandemic, COVID-19, impacted the market very badly, and the majority of markets in the region have not recovered, and the demand is still lagging behind the pre-COVID levels Automotive Industry Outlook: Managing Volatility and Leveraging Opportunities in a Dynamic Market Environment Mike Wall Executive Director, Automotive Analysis +1 248 728 8400 Direct +1 616 446 6885 Mobile Mike.Wall@ihsmarkit.com February 201 Impact of COVID-19 on the Automotive Industry, 2020-2025 - ResearchAndMarkets.com April 16, 2020 07:43 AM Eastern Daylight Time. DUBLIN--(BUSINESS WIRE)--The Impact of COVID 19 on Automotive. All these trends are likely to become increasingly apparent between 2020 and 2025 - which means that these are decisive years for manufacturers and their suppliers. Download report (4.2mb) Five trends transforming the Automotive Industry Related content. 2017 Automotive Trends. The future will be rocky for auto companies unable to improve returns on capital. Close Start adding items to your.
Impact of COVID-19 on Automotive Aftermarket Industry Market: The coronavirus recession is an economic recession happening across the world economy in 2020 due to the COVID-19 pandemic. The pandemic could affect three main aspects of the global economy: production, supply chain, and firms and financial markets. The report offers complete version of the Automotive Aftermarket Industry market. The Rise of Parts eCommerce: Online B2C sales of automotive parts and accessories alone are expected to become a $20 billion business by 2020 in North America and Europe —an estimated 9-10%. SMMT Motor Industry Facts 2020. From vehicle registrations and production, to supply chain, CO 2 and Brexit, SMMT's Motor Industry Facts provides all the latest data and background information on the UK automotive industry. The 41-page motor industry facts guide is a one-stop-shop covering all of the latest statistics relevant to the sector. The 2020 Outlook Study looks at the industry through a holistic lens, outlining year-over-year trends that will clearly show how the industry will be shaped in the coming years. Having access to solid industry data and reliable forecasts about where the market is headed can make all the difference in a business's success. The newly designed 2020 Outlook Study is a great read for anyone in. Market Outlook. The e-commerce in automotive aftermarket revenue stood at $38.2 billion in 2019, and it is set to grow at a CAGR of 23.3% during 2020-2030. The strongest growth drivers for this market include the surging consumer awareness regarding different auto parts, their technical details, and the convenience of purchasing them online.
The Auto Industry Changes to Expect for 2020-2029 The shape of the industry in the 2020s can be traced back to 2008. See all 4 photos. Todd Lassa Writer. Jan 4, 2020. The year 2019 and the. In a new report, McKinsey & Company outlines how the global auto industry will shift by 2020. Hint: It's a whole lot different than what you might expect. Hint: It's a whole lot different than. OUTLOOK '21: Europe automotive industry will continue to be haunted by pandemic aftermath. Author: Morgan Condon. 2020/12/29. LONDON (ICIS)--The automotive industry will start 2021 on rough terrain as the coronavirus pandemic continues to be the dominant factor impacting businesses. This demonstrates the scale of damage Covid-19 has caused to the sector; at the dawn of 2020 - before the.
Jefferies Review of 2020 Automotive Aftermarket M&A Activity. This annual review of automotive aftermarket mergers and acquisitions, and equity activity is provided to you by Jefferies LLC and AASA. The purpose of this publication is to touch on notable transactions that occurred in 2020 and discuss deal trends in the aftermarket landscape The Impact of EVs and PHEVs on the European Automotive Aftermarket, Forecast to 2025. This study focuses on the ramifications for the European aftermarket because of EVs and PHEVs in the vehicle parc. Analysis is done on how replacement parts demand and aftermarket revenue will be altered due to EVs and PHEVs. The geographic scope of the study is Europe and the base year is 2017. The. Several disruptive trends and automotive industry challenges are poised to transform the automotive and auto repair industry outlook for 2021 and beyond. Auto repair shops that want to ensure they will survive these disruptive trends and thrive in 2021 and going forward must begin to take steps now to prepare their shops and their staff for a future that will be dramatically different because. The global automotive aftermarket industry was valued at USD 215.32 billion in 2018 and is projected to reach USD 288.20 billion by 2026, exhibiting a CAGR of 3.7% during the forecast period. We are in process of revamping Automotive Aftermarket with respect to COVID-19 Impact
Asia Pacific Automotive Parts and Components Market size stood at USD 52.42 billion in 2020 and is projected to reach USD 72.14 billion by 2026, and it is also expected to expand at a compound annual growth rate CAGR of 5.6% during forecast(2020-2026). Download Sample Report Now .18 billion in 2019 and expected to reach US$ 10.87 billion by 2027, with at a compound annual growth rate (CAGR) of 31.9% during the forecast period 2020 to 2027. Growth Factors The automotive industry has been upended within recent Global Automotive Refrigerant Market is segmented By Type (Natural, Synthetic), By Product (R134a, R1234yf, Others), By Sales Channel (OEM, Aftermarket), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Share, Size, Outlook, and Opportunity Analysis, 2020-202
Global Heavy-Duty Automotive Aftermarket Market 2021 by Company, Regions, Type and Application, Forecast to 2026, available at MarketsandResearch.biz explains the current supply and demand scenario and presents the future outlook of the market. The report gives an analysis of the scope of the current and future market Automotive Glass Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026. The global automotive glass market reached a value of US$ 14.41 Billion in 2020. Automotive glass refers to tempered or laminated glass that is used for manufacturing of windscreens and windows of a vehicle
The outlook for the new-vehicle sales side of the industry may be bleak, but the forecast for the aftermarket one is bright. The Automotive Aftermarket Network is optimistic that the sales of car parts and accessories will be worth $433 billion by 2021. Also, the used car dealers in the country have been getting bigger slices of the pie. Compared to the overall automotive industry growth rate. Heavy-Duty Automotive Aftermarket Market 2020: Global Trends, Market Share, Industry Size, Growth, Opportunities, Forecast to 2025 . September 24, 2020 wiseguyreports. Overview. The global Heavy-Duty Automotive Aftermarketmarket report has covered all the factors, facts, and information about the Heavy-Duty Automotive Aftermarketmarket at global, regional, and company levels. The value and. The 2020-2021 edition of the ACEA Pocket Guide counts 88 pages, containing infographics, charts and tables with the latest figures on employment and innovation in the EU auto industry, as well as data on the production, sales, international trade and taxation of motor vehicles.. New data also shows significant progress in reducing the automotive sector's environmental impact and improving. The Aftermarket in the Automotive Industry 3 1 Executive Summary 4 2 The Aftermarket in the Automotive Industry 6 3 Characteristics of the Aftermarket 8 4 Investments Into Key Initiatives in the Aftermarket 13 5 Performance in the Aftermarket 16 6 Management Approach for Winning the Aftermarket 17 7 Conclusions 34 Contents. 4 analysis.Themainaimofthis analysiswastodevelopaframeset. AIA Canada offers various e-publications that relate to the automotive aftermarket industry. AIA publications are available at no cost for members via their member account, otherwise available for purchase to non-members. Please note for purchases that are free, no credit information is required, but you will still need to complete the form to access the resources. Back to Categories View Cart.
Automotive AfterMarket Fuel Additives Market Size And Forecast. Automotive Aftermarket Fuel Additives Market was valued at USD 1200.59 million in 2019 and is projected to reach USD 1985.60 million by 2027, growing at a CAGR of 7.0% from 2020 to 2027.. The Global Automotive AfterMarket Fuel Additives Market report provides a holistic evaluation of the Market for the forecast period (2019-2026) Citing an instance, in November 2020, Bolt On Technology, a leading supplier of technology solutions for the automotive aftermarket, reportedly collaborated with BASYS Processing, one of the leading payment processing companies, to present an additional option for Text To Pay, one of the most popular features of Bolt On Technology. This new strategic partnership is one of the options for. HUDSON, Ohio, Aug. 10, 2020 /PRNewswire/ -- The 13 th annual Hedges & Company eCommerce market share forecast for the US automotive aftermarket shows online revenue reaching $16 billion in 2020
Automotive Filters Market expected to hit remarkable market value at 4.96% CAGR during 2019 to 2023. Global Automotive Filters Market key players, share, Sales, revenue, industry size in terms of volume with regional outlook is analyzed in this repor The UK automotive industry is a vital part of the UK economy worth more than £78.9 billion turnover and adding £15.3 billion value to the UK economy.. With some 180,000 people employed directly in manufacturing and in excess of 864,000 across the wider automotive industry, it accounts for 13% of total UK export of goods, worth £44 billion, and invests £3 billion each year in automotive R&D Automotive Aftermarket Products Expo (AAPEX) November 2 to 4, 2021 Las Vegas, NV For more than 25 years, Automotive Aftermarket Products Expo (AAPEX) has been the premier global event representing more than one trillion dollar automotive aftermarket industry. AAPEX features over 2,500 automotive aftermarket manufacturers and suppliers. While the footprint of the heat shields through the aftermarket sales channel will continue to boost the industry outlook, OEM segment will remain at the forefront. APAC automotive heat shield market size from OEM segment stood at over 80%, the growth is likely to continue in the next few years. According to a study, the number of autonomous vehicles in APAC are likely to be pegged at 25. The automotive aftermarket proved its resiliency once again with a stronger than expected performance in 2020, despite the global COVID-19 pandemic, and is anticipated to recover robustly in 2021. Total United States light duty automotive aftermarket sales are forecasted to increase 11.2 per cent in 2021, totaling $325 billion, according to the 2021 Joint Channel Forecast Model produced.
Category: Automotive Aftermarket Industry Facts and Trends. The Automotive Industry and COVID-19. Auto aftermarket editorial staff April 8, 2021 0 Comments. Since the coronavirus outbreak really hit the US in March 2020, the automotive industry and COVID-19 have both been in the headlines. The automotive industry has made efforts to show unwavering resilience. That's something it has. DUBLIN, April 20, 2020 /PRNewswire/ -- The Automotive Aftermarket Research Report: By Component, Distribution Channel - Industry Size, Trend, Growth and Demand Forecast to 2030 report has been. The 2021 heavy-duty aftermarket is just beginning to gain positive momentum and should continue to rebound from 2020's recession brought on due to COVID-19 as vaccines take effect, according to John Blodgett, vice president of sales and marketing for MacKay & Co. Blodgett led a session detailing an overview and outlook of the economy for [ Employment and shopper outlook stay high 4 Source: CBO.gov, University of Michigan, 86 88 90 92 94 96 98 50 60 70 80 90 100 110 Jan-09 May-09 Sep-09 Jan-10 May-10 10 Jan-11 May-11 Sep-11 Jan-12 May-12 Sep-12 13 May-13 Sep-13 Jan-14 May-14 Sep-14 Jan-15 May-15 Sep-15 Jan-16 May-16 Sep-16 Jan-17 May-17 Sep-17 Jan-18 May-18 Sep-18 19 May-19 Sep-19 Consumer Sentiment Index Employment rate Consumer.
Global Automotive Aftermarket Telematics market report provides a comprehensive analysis of the market with the help of up-to-date market opportunities, overview, outlook, trends, market dynamics, size and growth, major competitors analysis. The Automotive Aftermarket Telematics market report recognizes the key factors of growth and challenges of the key industry players. The report offers. New York, June 16, 2021 (GLOBE NEWSWIRE) -- Automotive Aftermarket Industry Overview: According to a comprehensive research report by Market Research Future (MRFR), Automotive Aftermarket Industry - Information By, By Channel, By Vehicle Age, By Vehicle Type and Region - Global Forecast till 2027 the market is set to cross USD 1000 billion by 2027 According to Coherent Market Insights' analysis, the global automotive aftermarket is projected to be valued at US$ 1.2 Bn by 2020, expanding at a CAGR of 3.9% over 2016-2020. Thus, these. Market consumption volume is forecast to increase with a CAGR of 2.3% between 2016 and 2020, to reach a total of 17,660 million units in 2020. Global Automotive Aftermarket industry profile. The Global Aftermarket Outlook, 2021 report has been added to ResearchAndMarkets.com's offering.. This study identifies the size of the global automotive parts and services aftermarket and.