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The Approaching Global Automotive Aftermarket Boom


News provided by

Frost & Sullivan

02 Apr, 2013, 11:48 GMT

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-- Frost & Sullivan hosts a complimentary webinar discussing how the expected 30 percent growth in total vehicle population by 2020 will positively affect the aftermarket

MOUNTAIN VIEW, California, April 2, 2013 /PRNewswire/ --

WHEN:

Tuesday, April 9, 2013 at 11:00 a.m. EDT

LOCATION:

Online, with free registration

SPEAKER:

Stephen Spivey, Frost & Sullivan's Automotive & Transportation Aftermarket Research Program Leader

Given the high growth in the total number of passenger vehicles in the world, more motorists will be looking for businesses to provide parts and service in order to keep their cars on the road. However, distribution channels and service networks are virtually non-existent throughout parts of Asia, Latin America and even Europe, causing vehicle owners to pay high prices due to having such few options. This briefing will highlight emerging, unmet needs in the global automotive aftermarket that could provide new opportunities for companies across the value chain.

This briefing will benefit component manufacturers, distributors, vehicle manufacturers and the investor community by highlighting growth markets for automotive parts and service, as well as key trends, such as the increasing amount of electronic content requiring repair or replacement, supporting demand for aftermarket products across the world.

"The number of passenger cars in use worldwide will grow from about 1 billion units today to approximately 1.3 billion units in 2020. While much of the growth is driven by the high rate of new car ownership in China, we are also seeing more people throughout Latin American and parts of Europe driving their own vehicles for the first time," observes Automotive & Transportation Program Leader Stephen Spivey. "This will lead to a corresponding increased demand for automotive parts and service across the world, as well as new business opportunities to meet the maintenance and repair needs of so many more vehicles."

A live question and answer session will follow the presentation.

Supporting Resources
For more information about Frost & Sullivan's Automotive & Transportation research group, please visit: http://www.automotive.frost.com.

Registration

  • To attend the briefing, email jeannette.garcia@frost.com your full name, job title, company name, company telephone number, company email address and website, city, state and country.
  • Receive a recorded version of the briefing anytime by submitting the aforementioned contact details.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.  
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible.  This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.  

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on "the next big thing"

Register: Gain access to visionary innovation

Contact:
Jeannette Garcia
Frost & Sullivan
+1.210.477.8427
jeannette.garcia@frost.com
Twitter: @Frost_Sullivan or @FS_Automotive
Facebook: FrostandSullivan

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