NEW YORK, Aug. 24, 2021 /PRNewswire/ —
The automotive parts aftermarket in the US is poised to grow by USD 11.16 billion during 2021-2025, progressing at a CAGR of over 1% during the forecast period. The automotive parts aftermarket report in US covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market.
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The market is driven by growing advantages and the benefits of original OE replacement parts, the growing average age of vehicles in the US, and the growing passion for vehicle customization and surge in the number of vendors. However, the declining trend of automotive sales in the US since 2016 and challenges from online retailing to conventional retailing might impede the market to grow in the forthcoming years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The automotive parts aftermarket in the US is segmented by Distribution Channel (Offline and Online) and Type (Passenger Vehicles and Commercial Vehicles). The presence of numerous physical stores in the automotive market in the US is one of the major market enablers for the offline segment. The passenger vehicles segment was the largest revenue-generating segment in terms of automotive type.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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The automotive parts aftermarket in us covers the following areas:
Automotive Parts Aftermarket In US Sizing
Automotive Parts Aftermarket In US Forecast
Automotive Parts Aftermarket In US Analysis
Companies Mentioned
- 3M Co.
- Aisin Seiki Co. Ltd.
- American Axle & Manufacturing Inc.
- Aptiv Plc
- BASF SE
- BorgWarner Inc.
- Continental AG
- Cooper Tire and Rubber Co.
- DENSO Corp.
- Faurecia SA
Related Reports:
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline – Market size and forecast 2020 – 2025
- Online – Market size and forecast 2020 – 2025
- Market opportunity by Distribution channel
Market Segmentation by Type
- Market segments
- Comparison by Type
- Passenger vehicles – Market size and forecast 2020 – 2025
- Commercial vehicles – Market size and forecast 2020 – 2025
- Market opportunity by Type
Customer landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor Landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 3M Co.
- Aisin Seiki Co. Ltd.
- Continental AG
- Delphi Technologies Plc
- DENSO Corp.
- Magna International Inc.
- Magneti Marelli CK Holdings Co. Ltd.
- Robert Bosch GmbH
- Valeo SA
- ZF Friedrichshafen AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Report:https://www.technavio.com/report/automotive-parts-aftermarket-market-in-us-industry-analysis
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