Global Automotive Aftermarket 2016-2022: Industry to Grow up to $735 Billion by 2022

Dublin, March 14, 2017 -- Research and Markets has announced the addition of the "Global Automotive Aftermarket, Analysis and Forecast: 2016-2022; Focus on Powertrain, Chassis & Safety, Body & Interior, and Tires" report to their offering.

The author has estimated the industry to grow up to $735 billion by 2022 at a CAGR of 8% through 2016-2022, with Asia growing at the fastest rate, followed by EU and North America.

This substantial growth in the market is accredited to the robust global base of vehicle fleet, which is constantly widening, thereby generating more demand for aftermarket parts and components. The stricter fuel-efficiency laws and government regulations imposed in some countries to improve global safety, reduce environmental pollution and emission of hazardous gases, decrease energy and fuel consumption, improving anti-theft performance, and augment the demand for performance components and specialty aftermarket accessories and equipment. With the widening global base of the automotive fleet, a rise in the number of accidents/collisions is also witnessed, for which an imperative need for aftermarket products arises.

The report is a compilation of different segments of global automotive aftermarket including market breakdown by type and geography. It also includes sections on competitive insights and market dynamics. Herein the revenue generated from the segments by type is tracked to calculate the market size, by each type and for each country, along with a detailed explanation how they are shaping the market.

Market Dynamics

Major Trends

• Increasing Average Age of Vehicles
• OEM Globalisation
• E-Tailing

Market Drivers

• Large-Scale Global Base of Vehicle Fleet
• Stricter Fuel-Efficiency and Vehicle Emission Laws
• Rise in The Number of Road Accidents

Market Challenges

• Extended Warranty on Original Equipment
• Impact of Electric Vehicles
• Low Cost Country Imports

Opportunities

Company Profiles

• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Hitachi Ltd
• Infineon Technologies AG
• Robert Bosch GmbH
• Federal-Mogul Holdings Corporation
• Akebono Brake Industry Co. Ltd.
• ZF TRW Automotive Holdings Corporation
• Mitsubishi Electric Corporation
• NSK Ltd.
• WABCO
• Magna International
• Brembo S.P.A
• Gates Corporation
• Cooper Tire & Rubber

For more information about this report visit http://www.researchandmarkets.com/research/2jvftx/global_automotive

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         Related Topics: Automotive Tires, Automotive Aftermarket, Automotive Interior Components, Automotive Body, Trim and Glass , Automotive Drivetrain and Transmission Components