Authored By: Sarah
03 Sep 2023

Automotive Parts Aftermarket In US Size to Grow by $ 11.16 bn through 2021-2025  

Technavio research projects the automotive parts aftermarket in us to grow by $ 11.16 bn, accelerating at a CAGR of over 1% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Automotive Parts Aftermarket in US: Receive FREE Sample Report


Automotive Parts Aftermarket In US: Key Market Driver

One of the primary factors that will trigger the growth of the automotive parts aftermarket in us size is Advantages and benefits of original OE replacement parts. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Automotive Parts Aftermarket in the US to Grow by Over $ 17 Billion in 2021-2025  

Automotive Parts Aftermarket In US: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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., and Faurecia SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Automotive Parts Aftermarket In US Size to Grow by $ 11.16 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the automotive parts aftermarket in us and it is expected to grow by $ 11.16 bn, accelerating at a CAGR of almost 1% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Automotive Parts Aftermarket In US: Emerging Trends to Impact Market Growth

Growing availability of automotive aftermarket parts in e-commerce platforms to emerge as a key trend in the industrial automotive parts aftermarket in us. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Automotive Parts Aftermarket in the US to Grow by Over $ 17 Billion in 2021-2025  

Automotive Parts Aftermarket In US: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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., and Faurecia SA are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

Technavio has been monitoring the gobal automotive parts aftermarket in the US and it is expected to grow by $ 17.26 billion, accelerating at a CAGR of over 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report

Automotive Parts Aftermarket in US: Segmentation by Distribution Channel

The presence of numerous physical stores in the automotive market in the US is one of the major growth factors driving market growth in the offline segment. Moreover, benefits associated with purchasing through an offline stores such as look and feel factor are also driving market growth in the offline segment.This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive parts aftermarket size.

Automotive Parts Aftermarket in the US to Grow by Over $ 17 Billion in 2021-2025  

The growing availability of automotive aftermarket parts in e-commerce platforms is one of the major automotive parts aftermarket trends in the US. The sale of automotive aftermarket parts through e-commerce platforms has outpaced traditional brick and mortar sales in recent years. Online websites provide a platform to study, research, and compare parts and specifications, thereby aiding the buyers in making an informed choice. This has led to double-digit growth in automotive aftermarket part sales through online platforms.

Automotive Parts Aftermarket in the US to Grow by Over $ 17 Billion in 2021-2025  

Automotive Parts Aftermarket: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 3M Co., Aisin Seiki Co. Ltd. and American Axle & Manufacturing Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focUS more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report 

Read News Read Less
Interested in this report?
Get your sample now!
Technavio