The aftermarket for light vehicles has been historically the most resilient to recessions. Its size depends on how many cars are on the road at any given time and the sales of new vehicles. But, because new vehicle sales are slowing down, so is the demand for repairs to existing vehicles. These jobs are even more critical in a weak economy. Despite the economic downturn, the light-vehicle market is expected to continue growing. When you have just about any inquiries regarding wherever in addition to how to employ Mazda Car Mats, you possibly can e mail us in our own web-page.
Digital channels are driving the digital transformation of the automotive aftermarket. They also offer new opportunities for companies and consumers to connect with them. Automotive aftermarket data from Autodata is a global view of the industry and provides best-in-class consumer insights. Every day, more than 200 million parts and accessories are sold worldwide. Autodata’s data collection & analysis allows organizations to understand trends and forecast future business strategies. It also gives a comprehensive overview of the U.S. auto aftermarket sector.
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. According to the Specialty Equipment Market Association, blacked-out accessories, and cloth interiors, are also popular upgrades. SEMA Show is the perfect show for enthusiasts of automotive aftermarket.
Apart from new car sales, the aftermarket plays a critical role in commercial companies. The average age of U.S. car fleets has risen by 17% over the past decade. Due to increasing vehicle ownership, the average age for car fleets has also reached a record. visit this link has opened up opportunities for aftermarket parts that can keep vehicles on their roads, and also allows consumers to customize their vehicles. Among the automotive aftermarket segments, the DIY and DIFM sectors represent around 20% and 80% of the total market by parts and services purchased.
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 three segments will grow at a rapid pace due to improvements in service quality, availability and technical skills.
The aftermarket for automotive parts and accessories is growing all over the globe. New technology in the automotive industry is facilitating the proliferation of the aftermarket market. As vehicle sales continue to rise, so will the demand for parts replacements. The high expectations of consumers is fueling the growth of the aftermarket. This is due to increasing demand for new technologies and technological advancements. This is due to the growing demand for services and parts for automobiles.
Distribution of auto parts across the world is highly 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 are now selling directly to consumers through the internet, bypassing traditional channels of distribution. But, what about the future? How will this crisis affect the industry’s structures? What are the effects of the COVID-19 Pandemic?
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