The aftermarket for light vehicles has been historically the most resilient to recessions. Its size is dependent on the number of cars on the road and new vehicle sales. However, as new vehicle sales are slowing, so are repairs on existing vehicles. A weak economy makes these jobs more important. Despite the economic downturn the light-vehicle industry is expected continue to grow. Should you have any kind of issues regarding wherever in addition to how you can use Hyundai Car Mats, you’ll be able to call us from our web-site.

Digital channels are driving the digital transformation of the automotive aftermarket. They also offer new opportunities for companies and consumers to connect with them. Autodata provides the best in-class industry data and consumer insights. There are more than 200 million automobile parts and accessories sold globally every day. Autodata’s data collection & analysis allows organizations to understand trends and forecast future business strategies. It also offers a comprehensive view of the automotive aftermarket industry in the U.S.

As used car sales increase, so does the demand for automotive accessories. Off-road enthusiasts continue buying lift packs, wheel sets and tires, bumpers and running boards. Specialty Equipment Market Association reports that blacked out accessories and cloth interiors are very popular upgrades. If you’re an automotive aftermarket enthusiast, you’ll definitely want to attend the SEMA Show.

Autodata provides Automotive Aftermarket Data 1

Commercial companies also need the aftermarket to support new car purchases. The average age of U.S. car fleets has risen by 17% over the past decade. With increased vehicle ownership, the average age of car fleets has also risen to a record high. This has opened up opportunities for aftermarket parts that can keep vehicles on their roads, and also allows consumers to customize their vehicles. The DIY and DIFM segments represent approximately 20% and 80% respectively of all automotive aftermarket segments.

Between 2015 and 2028 the automotive aftermarket segment of professional stores is expected grow at a CAGR 7.4%. This is largely due to the fact that auto manufacturers have stepped up their efforts in the automotive parts aftermarket by establishing a network of non-car-brand-specific repair shops. These segments will experience a significant growth due to the improvement in service quality, availability high-quality parts and technical skills.

simply click the up coming website global automotive aftermarket is on the rise. New technology in the automotive industry is facilitating the proliferation of the aftermarket market. As vehicle sales grow, the demand for replacement parts will continue to grow. Furthermore, the high level of consumer expectations is driving the expansion of the aftermarket. The growing popularity of new technologies and increasing technological developments are further fueling the expansion of the automotive aftermarket in this region. This is due to the growing demand for services and parts for automobiles.

Global distribution of auto parts is very fragmented. The most traditional distribution channels are manufacturers, warehouse distributors, retailers, and consumers. Additionally, new distribution channels have been created by the internet. Many manufacturers sell direct to consumers via the internet and bypass traditional distribution channels. But what about the future of this industry? What will the impact of this crisis on the industry’s structure be? What will the COVID-19 pandemic have on the industry?

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