Passenger vehicle segment dominated the Asia Pacific automotive aftermarket, accounting for over USD 79 billion in 2017. Shifting consumer preference towards upgrading existing cars with advanced technologies & replacing old components will further spur the automotive aftermarket industry growth till 2024. High disposable income and easier credit facilities will positively influence the passenger cars sales over the projected timeframe. As per OICA, in 2017, passenger vehicles contributed to over 75% of the automotive parc across the region.
The APAC automotive aftermarket industry is slated to traverse alongside a highly profitable growth path in the years ahead. With the dynamically surging demand for advanced modifications in cars in economies such as India, China, and Japan, the commercialization potential of the Asia Pacific automotive aftermarket industry is anticipated to surge majorly over 2018-2024. Powered by the ever-increasing requirement of advanced replacement parts and the dynamic expansion of the regional automotive market
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3076
Independent professional sales outlet dominated the Asia Pacific Automotive aftermarket, accounting for over USD 75 billion in 2017. Wide presence of independent professionals coupled with the capability to service wide range of vehicles with the usage of high-quality machinery and tools are driving the segment share over the study timeframe.
Asia Pacific Automotive Aftermarket– Key Points Covered
- Key Facts
- Business Description
- Financial Overview
- Product Portfolio
- Swot Analysis
- Key Developments
Proliferating sales of new and used vehicles coupled with rising replacement parts demand are driving the Asia Pacific automotive aftermarket size. An upsurge in the usage of automotive aftermarket parts across passenger cars, light commercial vehicles, heavy commercial vehicles, and off-highway vehicles are further supporting the business growth. Growing internet penetration along with easier availability of internet access across the region is significantly improving the market demand till 2024.
Industry analysts believe that the new auto manufacturing complex and the increasing automobile sales would open up unprecedented opportunities for the major firms operating in the APAC automotive aftermarket and position Vietnam as a significant contributor toward the burgeoning automotive industry in the region. In fact, according to a research report put together by Global Market Insights, Inc., Vietnam automotive aftermarket is forecast to expand at an annual growth rate of more than 9 percent over the estimated time frame.
Browse key industry insights spread across 700 pages with 444 market data tables & 14 charts & figures from the report, “Asia Pacific Automotive Aftermarket” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/asia-pacific-automotive-aftermarket
Key players in the Asia Pacific automotive aftermarket include Continental AG, Aisin Seiki Co Ltd, Denso, Robert Bosch GmbH, 3M Company, YAZAKI Corporation, Sumitomo Electric Industries, Ltd. And ZF Friedrichshafen AG. Technological advancements and product launches are among the key strategies observed in the industry. For instance, in 2018, Sumitomo Electric Industries launched a pedestrian detector featuring high accuracy in pedestrian detection in the aftermarket, as a step towards reducing traffic accidents.
Major Table of content: –
Chapter 1 Methodology & Scope
1.1 Research methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definitions & forecast parameters
1.2 Data Sources
1.2.1 Secondary sources
1.2.2 Primary sources
Chapter 2 Executive Summary
2.1 Asia Pacific automotive aftermarket industry 3600 synopsis, 2013 – 2024
2.1.1 Business trends
2.1.2 Vehicle trends
2.1.3 Vehicle part trends
2.1.4 Sales outlet trends
2.1.5 Country trends
Chapter 3 Asia Pacific Automotive Aftermarket Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Parts Manufacturer
3.3.4 Distribution channel analysis
3.3.5 Profit margin trends
3.3.6 Vendor matrix
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/asia-pacific-automotive-aftermarket
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.