#automods

[barajascustoms]

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[pridecustomizing]

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[jhnliane]

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[market-insider]

The Future of the Automotive Aftermarket: Emerging Trends and Predictions

The global automotive aftermarket industry size is expected to reach USD 589.01 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 3.9% from 2024 to 2030. Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, electric vehicles, and hybrid & autonomous cars, in the years to come, is further expected to bolster the demand for new components.

Automotive Aftermarket Industry Report Highlights

The automotive aftermarket is estimated to grow significantly over the forecast period, owing to an increase in the number of lightweight vehicles coupled with the increasing age of the light vehicle fleet

In terms of market size, the tire segment is expected to account for the largest share of 22.5% in 2023.

In terms of market size, the retail segment dominated the market with a share of 55.5% in 2023 and is expected to remain dominant throughout the forecast years.

In terms of market size, the original equipment segment dominated the market with a share of 70.5% in 2023. The OE segment is anticipated to dominate the aftermarket arena in terms of size by 2030.

In terms of market size, the genuine parts segment dominated the market with a share of 51.6% in 2023. The genuine parts segment is anticipated to dominate the aftermarket arena, in terms of size, by 2030.

The Asia Pacific automotive aftermarket dominated the market with a share of 28.8% in 2023. The regional market is expected to have significant growth from 2024 to 2030.

For More Details or Sample Copy please visit link @: Automotive Aftermarket Industry Report

Furthermore, the increasing vehicle penetration is driven by the overall improvement of lifestyle in developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in the region. Similar surges in the automotive manufacturing sector across various regions along with the increasingly stringent emissions norms are expected to drive the growth of automotive aftermarket component sales over the forecast period. Third-party services and technology offer new and profitable revenue streams, to leverage all these opportunities.

In addition, the industry requires investment in product development, supply chain, organizational design, and pricing model to create a great surge in demand. The rise of digital channels or social media influence is also fueling the sale of the automotive aftermarket. These online channels provide customers with all the information regarding the price of the past, and the prior user experience, making the purchasing process smoother. To support the initiatives for leveraging market foothold, the manufacturers in developing countries are adopting various strategies, including mergers, acquisitions, and partnerships.

The Asia-Pacific regional market is expected to be the fastest growing market for aftermarket over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With the growing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated to the repair of particular vehicles are expected to increase. The global aftermarket is expected to witness tremendous growth due to an upsurge in the number of vehicle collisions along with the inclination of owners toward the repair of their automobiles.

List of Key Players of Automotive Aftermarket Industry

3M Company

Continental AG

Cooper Tire & Rubber Company

Delphi Automotive PLC

Denso Corporation

Federal-Mogul Corporation

HELLA KGaA Hueck & Co.

Robert Bosch GmbH

Gain deeper insights on the market and receive your free copy with TOC now @: Automotive Aftermarket Industry Report

We have segmented the automotive aftermarket industry report based on replacement parts, distribution channel, service channel, certification, and region.

Automotive Aftermarket Replacement Part Outlook

Tire

Battery

Brake parts

Filters

Body parts

Lighting & Electronic components

Wheels

Exhaust components

Turbochargers

Others

Automotive Aftermarket Distribution Channel Outlook

Retailers

Wholesalers & Distributors

Automotive Aftermarket Service Channel Outlook

DIY (Do It Yourself)

DIFM (Do It for Me)

OE (Delegating to OEM’s)

Automotive Aftermarket Certification Outlook

Genuine Parts

Certified Parts

Uncertified Parts

Automotive Aftermarket Regional Outlook

North America

Europe

Asia Pacific

South America

Middle East & Africa

Research Methodology

We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

Contact:

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll-Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Explore Horizon, the world's most expansive market research database

[ranticore]

another oldie but it's what the people want

[psychotrenny]

How Icelina coped with Garma's death:

How Char coped:

[boopshoops]

im really tempted to make my own discord server things for moots and play games with yall like set up a minecraft server or other games but im really worried about being able to keep track of everything and laying down rules properly 😭😭😭 like im not active enough on discord to see everything thats going on and being rly shy makes things complicated too!!! halp

[barajascustoms]

Ricky Bobby: 'I wanna go fast!'

[kewmsluvsvtubers]

Congrats to Octavio for hitting 100k subs!

[0ryza13]

You know, if @staff is gonna have an automod system flagging everything under the sun as potentially mature content, and they arent going to bother to review those flags themselves, then they really need to add a feedback button to those posts so users can mark things as 'incorrectly flagged', and then if like x number of people or maybe x percentage of people who view the post or something all agree that it was incorrectly flagged, the content label gets removed.

Because as it stands, I've actually arrived at the point where my default assumption is that the "mature content" posts are actually completely fine and I'm not even taking a second to think before opening them. At this point I would be genuinely shocked to open a "mature content" post and be met by actual mature content. Real "dead dove do not eat" style.

And if that is the case for any system, that finding the appropriate thing under the correct label is a genuine surprise, then something is fucking wrong with the labeling system.

[thebigcomed0wn]

[homoeroticgrappling]

Has anyone else noticed the auto content moderator kicking in way more than normal and in ways that don't make sense? So many things I'm uploading now are getting flagged as mature content that absolutely don't need that label when it never used to happen, like Takeshita's post-match promo immediately got flagged but not Daddy Magic's???

[blueskittlesart]

transfem link confirmed via tumblr mature content flag

oh my fucking god