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

Tuesday, March 14, 2017 10:26 AM UTC

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

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

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