Take Up Global Motor Vehicle And Parts Dealers Market Opportunities with Clear Industry Data – Includes Motor Vehicle And Parts Dealers Market Analysis
The Business Research Company’s report goes into great detail on the motor vehicle and parts dealers market size and growth, motor vehicle and parts dealers market regional analysis, motor vehicle and parts dealers market competitive landscape, and other critical information needed to excel in the motor vehicle and parts dealers industry.
Major players in the motor vehicle and parts dealers market include Penske Automotive Group Inc., AutoNation Inc., CarMax Inc., AutoZone Inc., Lithia Motors Inc., O’Reilly Automotive Inc, Group 1 Automotive Inc., Jardine Cycle & Carriage Limited, Advance Auto Parts Inc., and Sonic Automotive Inc.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global motor vehicle and parts dealers market is expected to grow from $4,133.97 billion in 2021 to $4,608.47 billion in 2022 at a compound annual growth rate (CAGR) of 11.5%. The global motor vehicle and parts market size is expected to grow to $6,775.75 billion in 2026 at a CAGR of 10.1%.
Asia Pacific was the largest region in the motor vehicle and parts dealers market in 2021.
The motor vehicle and parts dealers market consists of sales of motor vehicles and parts and related services by entities (organizations, sole traders, and partnerships) that sell automobiles, other motor vehicles, automotive parts, accessories, and tires to ultimate users. The companies in the industry typically operate from showrooms where vehicles and related parts are displayed.
With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for motor vehicle and parts dealers to identify and meet the needs and expectations of their customers, thus it is expected to drive the market going forward.
Motor vehicle dealers are increasingly offering unique experiences and features to meet customer expectations. Experiential retail refers to a store that offers consumers a chance to buy an experience rather than just an object or service. This trend is driven largely by millennials and their preference for experiences over things. These stores often use technology such as augmented reality and combine traditional elements with mobile apps and activities.
By Type: Auto Parts And Accessories, Automobile Dealers, Others
By Ownership: Retail Chain, Independent Retailer
By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Motor Vehicle And Parts Dealers Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the motor vehicle and parts dealers market globally and regionally, analyzes and forecasts market size, share, motor vehicle and parts dealers market players, motor vehicle and parts dealers market segments, leading competitor revenues, profiles and market shares.
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