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Automotive Aftermarket Industry Revenue

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1% from 2023 to 2030. Market Opportunity Assessment By Replacement Parts. Historically the auto parts industry has grown about 3.The aftermarket is the part of the automotive industry sector comprising the automotive services and parts businesses.Das automobile Aftersales-Geschäft wird sich bis 2030 grundlegend verändern: Bis zu 100 Milliarden Euro – 40% des Gesamtgewinns der Branche – werden sich zwischen .Schlagwörter:Automotive Aftermarket IndustryAutomotive Industry Analysis5 trillion (or 30 .The Singapore automotive aftermarket is a dynamic sector encompassing the sale of auto parts, accessories, and services for vehicles post-purchase.The automotive aftermarket market size is forecast to increase by USD 412.In 2024, the automotive market will experience a 1.Geschätzte Lesezeit: 7 min

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U.S. Automotive Aftermarket Industry Size, Share Report, 2019-2025

Automotive Aftermarket Industry Revenue and Market Expansion Strategies ...

0 billion and is expected to grow 3 percent annually to around . Together, the two businesses are an . Appearance and accessory categories were the only areas showing a . industry turnover in 2021.

Global Automotive Market Top 50 Predictions for 2024

Global automotive aftermarket industry size achieved USD 922 billion in 2023 and will witness 12.The total volume of the Chinese aftermarket is about 5. automotive aftermarket industry saw a year-over-year increase of 7% in sales revenue. automotive aftermarket industry size was estimated at USD 205. After an automobile is sold to a customer by the original equipment manufacturer (OEM), it deals with the production, remanufacturing, distribution, retailing, and installation of all components, equipment, and other accessories for vehicles.

Automotive Aftermarket Industry Size, Growth and Trends

Two critical demand indicators for the automotive aftermarket – total vehicles in operation and average vehicle age, climbed favorably in 2022. Impact of COVID-19 in the Vietnam Automotive and Aftermarket Industry 10.30 percent more) in additional revenue potential in 2030, compared to ~USD 5. That growth spurt is directly related to the . Increased vehicle production and sales and the growing used car market are playing a significant role in the growth of the UAE automotive aftermarket. The Bosch Group – [Revenue US$81 Billion] Bosch is a German multinational engineering and technology firm based in Gerlingen and has 4 core operating areas including consumer goods, mobility, industrial technology, and energy and building technology.5%, which is higher than t hat of the real GDP, 15.26 Billion in 2032, and register a revenue CAGR of 4. In general, India is a rather neglected market for Western European car manufacturers. Canada Automotive Aftermarket is predicted to grow over the forecast period due to the increasing demand for replacement parts among car owners with the rising passenger vehicle sales.CLICK TO ENLARGE: This graph shows auto parts industry growth, combining 1P and 3P online revenue. Revenue Growth.81 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.Schlagwörter:Dr. In 2022, the U.The automotive revenue pool will significantly increase and diversify towards on-demand mobility services and data-driven services. Market Size of South Korea Automotive Aftermarket Market, 2023.2 billion each year to the economy. That reliable industry trend, however, is being challenged by the growing popularity of electric vehicles (EVs).Vietnam Automotive Aftermarket Market and Analysis Report – Opportunities and Forecast 2024-2031.

Automotive suppliers worldwide

Schlagwörter:Automotive Market CagrAutomotive Aftermarket Industry4. Growth was fueled by auto maintenance – fluid changes, repairs, and tire replacement.11% in 1 Q 2024 year on year, revenue per employee for Automotive Aftermarket Industry grew on the trailing twelve months basis to 906,292 $, above Automotive Aftermarket Industry average.The global automotive aftermarket market size was valued at USD 418.Global auto supplier industry’s revenue development 2022-2030; Size of the global automotive aftermarket 2016-2025; Top 10 global automotive suppliers based on sales 2016-2022 ; The leading global .26% between 2022 to 2027. Also, the rapid adoption of online platforms by the market players is anticipated to create .Premium Statistic Size of the global automotive aftermarket 2016-2025 .

Automotive AfterMarket Size 2023, Forecast By 2032

Increasing the average vehicle lifespan, rising demand for vehicle personalization and modification, and increasing consumer disposable income . Thomas [email protected] Year: 2023It will be up more than 40% from 2020. South Africa Automotive Aftermarket Import Export Trade Statistics.8% from 2021 to 2028. The domestic market accounted for over EUR 136.8 Billion in 2022 and is expected to reach USD 487.In light of an aging vehicle fleet and a growing number of vehicles that require servicing, the growth in demand is projected to push the automotive aftermarket parts . The size of the global light duty automotive aftermarket reached 383 billion U. The market is mainly .04 billion by 2027 at 5. The sector supports 345,600 jobs and contributes £12. The market is anticipated to expand .The automotive aftermarket has a current business value of about €800. The market is projected to grow from USD 430. In the first half of 2021, the revenue of automotive manufacturers exceeded 809 billion euros. This could create up to ~USD 1.The study “Future of Automotive Sales and Aftersales” by Deloitte analyzes how current industry trends scenarios will affect OEM revenues and profit until 2035 for the automotive industry in the markets Euro5, China, Japan .51 billion in 2024 to USD 568. Spearheaded by spark plugs, brakes, tires, and collision body parts segments, overall market revenues are forecast to register a CAGR of 7. Digitalization of automotive repair .After a subdued, pandemic-affected 2020, the global automotive aftermarket bounced back in 2021. The market includes both OEM and third-party suppliers, offering a wide range of . Vehicle parts, . APAC has a high rate of automobile adoption .

India Automotive Aftermarket Industry Outlook 2025: Opportunity & Gro…

The UK automotive aftermarket is thriving, ranking fourth in Europe and ninth in the world in terms of size, and turning over an annual £21.4% through 2028, according to this. Vehicles between 4-11 years old, widely .5 trillion in 2015). 3P revenue is shown in purple, 1P revenue is shown in blue.55 billion at a CAGR of 6.APAC is estimated to contribute 39% to the growth of the global automotive aftermarket industry during the forecast period.95 billion in 2023.The global automotive aftermarket has a current business value of approximately EUR 800 billion and is expected to grow 3 percent annually, to about EUR 1,200 billion by 2030.

Automotive Aftermarket Trends and Statistics

And it is growing: in line with the UK’s increasing car parc, the sector’s value is set to rise to .The global automotive aftermarket is expected to reach USD 529. However, for the period 2025–2030, we estimate a slight deceleration of the growth .Schlagwörter:Global Automotive Industry GrowthGlobal Automotive Market Size 2030

Global Automotive Aftermarket

04 Billion by 2027 at a CAGR of 4.1% over 2021-2022.

A Look at Trends and Statistics in the Automotive Aftermarket Industry ...

4 percent (up from about 3. Vietnam Automotive Aftermarket Market present significant opportunities, with over millions of passenger vehicles are currently out of warranty in 2023, and the passenger cars with an out of warranty population is projected to grow at a robust . To gain more clarity about the pandemic’s potential impact on the light-vehicle aftermarket—encompassing parts, accessories, and tire sales—we reviewed both past and current trends. The entire automotive aftermarket/auto care industry including medium and heavy-duty will be about $439 billion in 2022.1% in 2023, according to new reports.The aftermarket is a part of the automotive industry that comprises the automotive services and components businesses.

Automotive Aftermarket Industry Revenue

Market growth relies on several key factors, notably the . dollars in 2022.In terms of revenue, tire dominated the global automotive aftermarket with US$ 202.6% in 2020 from the previous year. Total revenue is forecasted at $67 billion 2030.

The Aftermarket in the Automotive Industry

The global automotive aftermarket is expected to reach USD 722.

Beyond coronavirus: The road ahead for the automotive aftermarket

Global auto supplier industry’s revenue development 2022-2030. The market is projected to grow in the coming years, reaching the size. Total aftermarket eCommerce (1P + 3P) revenue grew by 30. In a scenario where the virus recurs, the United .2 trillion from traditional car sales and aftermarket products/services (up from ~USD 3.Why will automotive aftermarket industry gain traction from the professional stores segment?The professional stores segment is likely to hold USD 550 billion by 2028 driven by consumer preferences toward close-to-home benefits and personal. through 2030, but the shape of that growth is likely to change in three important ways: Region. Future Market Size of Vietnam Automotive Aftermarket Service Industry on the basis of Revenue (USD) and Number of Vehicle Serviced (Units), FY’20-FY’25E 11.Schlagwörter:Automotive Market CagrAutomotive Aftermarket Trends indicate that the market will continue to maintain its forward momentum in 2022.25 billion by 2028.Overall, we find that the global aftermarket industry is expected to grow at a rate of 3% p. Future Outlook and Projections for Vietnam Automotive Aftermarket Service Industry, FY’20- FY’25E.The global market for Automotive Aftermarket Industry was valued at USD 428.

Automotive Aftermarket Industry Trends

9% during the forecast period.Canada Automotive Aftermarket Market and Analysis Report – Opportunities and Forecast 2024-2031. Together, these revenues could accelerate annual automotive industry growth to 4.01 billion by 2030, according to a new report by Grand View Research, Inc. The service business (maintenance and repair of vehicles) generates about 45% of total aftermarket revenues in Europe, while retail and wholesale of vehicle parts make up the remaining around 55%.02 billion in 2031 expanding at a compound annual growth . The German automotive industry recorded total revenue volume of EUR 410.growth of the revenues for the period 2 018–2025 of 25.Schlagwörter:Automotive Aftermarket Industry SizeAutomotive Industry AnalysisHow big is the automotive aftermarket industry?The automotive aftermarket industry size was pegged around USD 560 billion in 2021 and it may record a CAGR of 6.1 In contrast, the S&P 500 finished the first six months of 2022 with a 20. Projected revenue of the global automotive supplier market .In the first half of 2022, stocks of publicly traded automotive aftermarket companies had a return of 18.Automotive services and business parts are included in the aftermarket segment of the automotive industry.3% increase in global sales of light vehicles (LVs), with the top 5 markets accounting for 65% of all new LVs.6 percent loss. The global automotive aftermarket size was USD 316. This figure compares to about 634 billion euros in the first half of 2012 and.9 billion in 2021 –equivalent to an eight percent increase on 2020 revenue.Key Highlights of the Report: South Korea Automotive Aftermarket Market Outlook.5 Automotive Aftermarket Trends and Statistics to Watch in 2023.

South Africa Automotive Aftermarket Market (2024-2030)

Forecast of South Korea Automotive Aftermarket Market, 2030.on German aftermarket revenues by 2025 largest European IAM distributors have been involved in of the activities during the past 5 years Over the last 5 years, the North American market saw more than600 M&A transactions in the automotive aftermarket, and 160 in 2016 alone M&A and consolidation 9 10 70% of aftermarket experts expect new digital players (e.

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revenue The market growth is expected to be fueled by the shift to electric vehicles (EVs), the widespread adoption of advanced driver-assistance systems (ADAS) in vehicles, .47% CAGR and anticipated to continue its dominance over the forecast period due to small .

Global automotive aftermarket size

9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of more than 5% over the forecast period.00 – $ 6,649.

The automotive aftermarket in 2030

As vehicle ownership continues to rise in the country, so does the demand for aftermarket products and services.Within the automotive sector, COVID-19 is a massive, once-in-a-lifetime disruption, and the situation is changing rapidly. The light duty automotive aftermarket industry size is $341 billion in 2022.8 billion by the end of this year.The global automotive aftermarket industry size is expected to reach USD 589.19 billion by .6% CAGR from 2024 to 2032, led by increasing necessity for maintenance & scheduled servicing requirements to .Schlagwörter:Automotive Market CagrAutomotive Aftermarket Industry Size

Automotive Aftermarket Industry Size, Share & Demand by 2031

dollars by 2025, but then coronavirus hit.8% between 2021 and 2026.The global Automotive Aftermarket Market size was valued at USD 376. The automotive service business contributes around 45% of the overall aftermarket revenues in Europe, while the components .9 billion of this sum, with more than EUR 274 billion turnover gen-erated in foreign markets. Bosch offers high-tech .The market size on the basis of revenue is expected to grow at a CAGR of 2.Where will automotive aftermarket forecast remain strong?North American industry is poised to reach around USD 275 billion by 2028, on account of a rise in the manufacturing of new cars in tandem with the.The automotive industry’s profit pool is forecast to shift from mostly traditional internal combustion engine and hybrid vehicles to battery electric and autonomous vehicles in .1 billion euros.Historical Data and Forecast of South Africa Automotive Aftermarket Market Revenues & Volume By Uncertified Parts for the Period 2020 – 2030.6 percent from 2010 to 2015).Schlagwörter:Automotive Aftermarket IndustryGlobal Automotive Industry Growth

Automotive aftermarket industry analysis — 2023

Market Synopsis. Las Vegas— The automotive aftermarket grew 9. Market Opportunity Assessment By Distribution Channel. The market is anticipated to expand at a CAGR of 3.Schlagwörter:Automotive Market CagrAutomotive Aftermarket Industry Size32 billion in 2022 and is expected to reach USD 642.Will the demand for replacement parts witness an upsurge?The replacement parts segment is a dominant one in the market and may account for more than 80% revenue share by 2028 owing to rising number of veh.Top 9 Companies in the Automotive Aftermarket Industry by Revenue.40 Billion in 2019 and is anticipated to reach USD 518.The automotive aftermarket in key markets was forecast to grow to roughly 530 billion U.The automotive aftermarket size revenue was valued at $899. Within Retail sector 2 other industries have achieved higher Revenue per employee. The country is still dominated by three car manufacturers, namely Maruti Suzuki, Tata Motors and Hyundai, which account for 75% of the market share.Revenue per Employee Comment: With revenue increase of 1. Revenue per employee total . Historical Data and Forecast of South Korea Automotive Aftermarket Revenues & Volume for the Period 2020 – 2030. Increasing need for timely maintenance .With high inflation persisting, the industry is expected to grow 8.