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Automotive Aftermarket for Top 10 Components Worth 302.64 Billion USD by 2021


News provided by

MarketsandMarkets

06 Feb, 2017, 09:30 GMT

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PUNE, India, February 6, 2017 /PRNewswire/ --

The report "Automotive Aftermarket for Top 10 Components (Tire, Fluid, Filter, Battery, Brake, Collision Body, Lighting, Spark Plug, Telematics, Bearings), Vehicle Type (Passenger Car & Commercial Vehicle), and Region - Global Trends & Forecast to 2021", published by Markets and Markets. The Automotive Aftermarket is projected to grow at a CAGR of 7.75%, to reach USD 302.64 Billion by 2021.    

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 67 market data Tables and 26 Figures spread through 99 Pages and in-depth TOC on "Automotive Aftermarket for Top 10 Components"

http://www.marketsandmarkets.com/Market-Reports/automotive-aftermarket-for-top-10-momponents-97374439.html

Early buyers will receive 10% customization on this report. 

The market is driven by factors such as rising average age of vehicles in operation, increasing vehicle sales and parc, and increased miles driven per year.

"Asia-Oceania to be the largest aftermarket for top 10 automotive components" 

Asia-Oceania is expected to dominate the aftermarket for the top 10 automotive components, and is projected to grow at the highest CAGR during the forecast period. The region is brimming with promising opportunities for the automobile aftermarket manufacturers and suppliers. Increasing income levels and rapid urbanization has a direct impact on positive vehicle sale growth which is expected to push the aftermarket. With a wide spread of aftermarket distribution channels in emerging markets such as India, and China, amongst other Asia-Oceanic countries, the automotive component aftermarket has witnessed high growth.

Download PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=97374439

"Passenger cars to be the largest segment in the aftermarket for top 10 automotive components" 

The passenger car segment is expected to dominate the Automotive Aftermarket for Top 10 Components, and is projected to grow at the highest CAGR during the forecast period. The passenger car segment has witnessed an increase in average vehicle life with the global parc for this segment rising by 4% in 2014 from 2013, according to OICA. The highest growth in vehicle parc for passenger cars can be observed for Asia-Oceania, with a growth of 8.6% in 2014 from 2013. With a rise in automotive e-business, automotive supermarkets, and other multi-branded business models, the automotive components aftermarket has seen increased demand, especially in the passenger cars segment.

Make an Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=97374439

"Remote vehicle diagnostics to be the fastest growing segment in the top 10 automotive components aftermarket" 

The remote vehicle diagnostics segment is projected to grow at the highest CAGR during the forecast period. The application of remote vehicle diagnostics is influenced by factors such as the rising demand for technology from passenger as well as commercial fleet operators and increasing stringency in emission and fuel economy regulations. For instance, Euro 6 standards limits CO emissions to 0.50 g/km (which was 0.64 g/km in EURO 3) and NOX to 0.25 g/km (which was 0.50 g/km) for passenger cars. Such regulations have fueled the demand for advance technologies such as warning notification lights which provide real-time alerts about fuel consumption and sometimes emission-related defects.

Browse related reports: 

Air Filters Market by Type (Intake & Cabin), Filter Media (Intake-Cellulose & Synthetic, Cabin-Particle & Activated Carbon), Vehicle Type (Passenger Car, LCV, HCV, & Off- Highway), Market (OE & Aftermarket), & by Region - Global Forecast to 2020

http://www.marketsandmarkets.com/Market-Reports/automotive-air-filters-market-1270.html

Turbocharger Market by Vehicle Type (On-Highway (Passenger Car, LCV & HCV), Off-Highway (Agricultural Tractors & Construction Equipment)), Technology (VGT/VNT & Wastegate), Fuel Type (Gasoline & Diesel), & Aftermarket by Region- Forecast to 2021

http://www.marketsandmarkets.com/Market-Reports/turbochargers-market-919.html

About MarketsandMarkets 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
MarketsandMarkets
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Suite 2175, Seattle,
WA 98101, United States
Tel : 1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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