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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Asia-Pacific (APAC) Automotive Aftermarket Industry The aftermarket is the major subsector of the automotive industry comprising the automotive part businesses and automotive service industry. Swiftly increasing aftermarket volume, including retail sales around the world are becoming progressively essential for automotive industry’s market players as compared to new car sales owing to the greater margins. On the other hand, aftermarket market automotive wear and tear components and products accounts for nearly half of the total automotive aftermarket sales in Asia Pacific region followed by crash-relevant parts, diagnostics products and services. Moreover, digital-driven products and services are setting a new trend and will be the major growth drivers for the market growth over the forecast period. It is also estimated that digital services segment such as telematics, vehicle diagnosis, and fleet management among others will increase exponentially from currently 6% to 20% within the next 10 years. Moreover, growing automobile sales particular in India, China and South East Asian countries is the major factor behind the rapid growth of aftermarket sales in the region.
On the distribution end, online channels are emerging as the most attractive business strategy and are attracting major aftermarket players to provide innovative products and services through online channels.
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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Segmentation By After Market Products and Services Type
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• Wear-and-Tear Parts • Crash-Relevant Parts • Accessories and Appearance Products • Diagnostics Products • Services (Fleet Management etc.) • Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 56% in automotive aftermarket industry. On the other hand, services segment is the fastest growing segment which is likely to expand at a CAGR of +9% over the forecast period. By End Users Type • Service Providers (Telematics, Fleet Management etc.) • Independent Workshops • Automotive OEM Workshop By Distribution Channels • Offline Distribution Channel • Online Distribution Channel
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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
Based on Geography Sample Request • North America Interactive Robots Market(U.S. & Canada) {Market Share (%), Market Size (USD Billion)} • Latin America Interactive Robots Market (Brazil, Mexico, Argentina & Rest of Latin America) {Market Share (%), Market Size (USD Billion)} • Europe Interactive Robots Market (The U.K., Germany, France, Italy, Hungary, Spain, Poland, Sweden & RoE) {Market Share (%), Market Size (USD Billion)} • Asia-Pacific Interactive Robots Market (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Share (%), Market Size (USD Billion)} • Middle East & Africa Interactive Robots Market (GCC, South Africa, North Africa, RoMEA) {Market Share (%), Market Size (USD Billion)}
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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Sample Request
Market Size and Forecast (2016-2024)
The automotive aftermarket industry is likely to expand at a CAGR of 6.4% over the forecast period i.e.2017-2025. Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 56% in automotive aftermarket industry. On the other hand, services segment is the fastest growing segment which is likely to expand at a CAGR of +9% over the forecast period. Based on geography, China dominated the Asia Pacific aftermarket industry with about 50% market share of Asia Pacific automotive aftermarket industry. On the other hand, South East region is the fastest growing region for automotive aftermarket industry majorly fueled by the Indonesia, Malaysia and Thailand XX
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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Scope Background Market Synopsis
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Market Segmentation Asia-Pacific (APAC) Automotive Aftermarket industry is segmented as follows: •
By After Market Products and Services Type(Market Size, Demand Analysis and Growth Analysis)
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By End-Users Type (Market Size, Demand Analysis and Growth Analysis)
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By Distribution channels (Market Size, Demand Analysis and Growth Analysis)
By Country •
North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
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Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
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Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
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Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
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Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
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Rest of World {Market Size, Growth Analysis and Opportunity Analysis}
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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Market Dynamics: Growth Drivers, Restraints and Opportunities o Risk Factors o Regional Variations o Recent Trends and Developments
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Key Market Players o Synopsis o Business Strategy o Product Portfolio o SWOT Analysis Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks Request for TOC @ https://www.goldsteinresearch.com/toc-request/asia-pacific-automotive-aftermarket-industry Published By: Goldstein Research
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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 About Goldstein Research Based in U.S., Goldstein Research is a young business consulting company and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Published By: Goldstein Research
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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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+1-437-886-1181 +44-203-318-6627
Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India
+91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com
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Published By: Goldstein Research
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Asia-Pacific (APAC) Automotive Aftermarket Industry Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024
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