FMI Updates Precast Concrete Market Analysis Forecast and Analysis as Corona Virus Outbreak Disturbs

Precast Concrete Market MAY 2020

Report Id : REP-GB-11579 Published On : 2020-05-13 Category : Chemicals and Materials www.futuremarketinsights.com I

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Research Methodology (1/2) Systematic Research Approach 1 Market profiling

2 Formulating discussion guide

3 Developing list of respondents

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In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.

FMI formulates a detailed discussion guide to conduct expert and industry interviews FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts

Data collection

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Data validation

Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data

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Data analysis

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Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry FMI delivers industry insights and information in the required format (PDF)

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Research & Intelligence

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Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain

Actionable Insights

A Primary Research

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B SOLUTION ❑ ❑ ❑ ❑ ❑

Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments

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Business Solution

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Company Analysis

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Precast Concrete Market Analysis ASEAN Automotive Aftermarket Poised to hit US$ 37.7 Bn by 2025, Driven by Increasing Number of Vehicles in Operation and Robust Sales of Automotive Aftermarket Components

Future Market Insights (FMI) announces release of its latest market report titled, “Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment 2015 - 2025”. According to this report, the ASEAN automotive aftermarket is anticipated to account for US$ 37.7 Bn by 2025, registering a compound annual growth rate (CAGR) of 7.8% throughout the forecast period.

The report analyses and forecasts the ASEAN automotive aftermarket in terms of market value (US$ Bn) on the basis of segmentation. As per FMI, segments of the ASEAN automotive aftermarket include components, accessories and services.

Aftermarket automotive components are parts manufactured or remanufactured for installation in vehicles sold by original equipment manufacturers (OEMs), in case of damage or wear. Accessories include parts customised for convenience, safety, comfort and performance, and these are designed as add-ons to be installed after OEMs have assembled the automobiles. Services caters to needs such as choice of where consumers can have their vehicles serviced, maintained or customized.

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Precast Concrete Market Analysis ASEAN automotive aftermarket is majorly driven by improving network of sales and repair service centres and demand for general automotive repairs. This includes repairs and services related to transmissions, starters & alternators, brakes, lubricants, tyres, filters and batteries among others. Some of the drivers identified in the market are increasing vehicle fleet on road, entry of global automakers in ASEAN region, substantial growth in per capita income in ASEAN countries and steady growth in automotive sales. Apart from this, stringent carbon emission norms and consistent GDP growth in developing economies are major growth drivers for the ASEAN automotive aftermarket. Some of the minor restraints identified in the market are rapid change in design of new vehicles which often lead to unavailability of spare parts in the market.

Browse the full "Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment 2015 2025" market research report at http://www.futuremarketinsights.com/reports/details/aseanautomotive-aftermarket Increasing preferences for customized exterior and interior components and accessories for improving vehicle aesthetics is increasing the demand for accessories at considerable growth rate in ASEAN countries. Broadening service portfolio of repair service providers such as reminder services, pick and drop facility, free vehicle check-up schemes, discount offers and other promotional activities help in increasing awareness towards scheduled maintenance activities which in turn drives demand for aftermarket services. www.futuremarketinsights.com I

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Precast Concrete Market Analysis On an average, the components segment is expected to expand at a CAGR of 7.4%, accessories at 7.8% and services at 6.7% during the forecast period. Components segment is further sub-segmented into oils & lubricants, tyres, batteries, wear & tear parts, filters, collision body parts, starters & alternators, lighting components, exhaust components and spark plugs. Among these, exhaust components dominates other segments, registering a CAGR of 13.9%, followed by tires. Demand for interior accessories is expected to register a CAGR of 8.4% owing to increasing demand from automobile owners to enhance the functionality and appearance of their vehicles, and this trend is expected to further drive overall market growth in future.

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Table of Content 6.1.2. Basis Point Share (BPS) Analysis, By Accessories

6.2. Market Forecast By Accessories 6.2.1. Interior 6.2.1.1. Y-o-Y Growth Projections 6.2.1.2. Market Value Forecast, By region 6.2.1.3. Total Market Opportunity

7. ASEAN Automotive Aftermarket Market Analysis, By Services 7.1. Introduction 7.1.1. Y-o-Y growth comparison, By Services 7.1.2. Basis Point Share (BPS) Analysis, By Services

7.2. Market Forecast By Services

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7.2.1. General Automotive Repairs 7.2.1.1. Y-o-Y Growth Projections 7.2.1.2. Market Value Forecast, By region 7.2.1.3. Total Market Opportunity www.futuremarketinsights.com I

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