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Global Passenger Cars After Market Outlook, Opportunities And Strategies

December 6, 2021December 6, 2021 by The Business Research Company

Learn about the global passenger cars after market through The Business Research Company, which provides information on passenger cars after market size, passenger cars after market drivers and restraints, passenger cars after market players, the COVID-19 impact on the passenger cars after market, and more.

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The global passenger cars aftermarket is expected to grow from $230.17 billion in 2020 to $247.49 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The passenger car aftermarket is expected to reach $289.37 billion in 2025 at a CAGR of 4%.

Increasing average lifespan of a car is expected to drive innovation in passenger cars after market manufacturing, thus driving the market during the forecast period.

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The passenger car aftermarket consists of sales of passenger car aftermarket parts and services. Companies operating in the passenger car aftermarket (parts and services) provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement vehicle parts, equipment, service repair, and automotive accessories. The market includes the sales of the tires, batteries, brakes parts, filters, lightings, and electronic components.

Global passenger cars after market segments include:

By Type: Tires, Battery, Brake Parts, Filters, Body Parts, Lighting, Wheels, Exhaust Components, Turbochargers, Others

By Distribution Channel: Retailers (OEMs, Repair Shops), Wholesalers & Distributors

By Certifications: Genuine Parts, Certified Parts, Uncertified Parts

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The passenger car aftermarket is using 3D printing technology also called as Additive Manufacturing (AM) to make high-quality off-the-shelf car parts using 3D printers that are capable of printing in metals and alloys. 3D printing works by making a virtual 2D object in the software and constructing the 3D framework by using the printer. The use of 3D printing in producing automobile parts increases the efficiency and raises the production standards of the companies.

TBRC’s passenger cars after market report covers:

Major Market Players: Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company and Delphi Automotive PLC.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Passenger Cars After Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides passenger cars after market overviews, analyzes and forecasts market size, share, passenger cars after market players, passenger cars after market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s passenger cars after market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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