The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

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

The global passenger cars aftermarket market is expected to grow rom $226.33 billion in 2022 to $238.18 billion in 2023 at a compound annual growth rate (CAGR) of 5.2%. The passenger cars after market market is expected to grow from $290.21 billion in 2027 at a CAGR of 5.1%.

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Global Passenger Cars Aftermarket Market Segments Include:

• By Type: Tires, Battery, Brake parts, Filters, Body parts, Lighting, Wheels, Exhaust components, Turbochargers, Other Types
• By Distribution Channel: Retailers (OEM’s, Repiar 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. Among these regions, Asia Pacific is the largest region in the global passenger cars aftermarket market in 2021.

Major Market Players in the passenger cars aftermarket market include Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company, Delphi Automotive PLC., ZF friedrichshafen AG, Magneti Marelli S.p.A.

The passenger car aftermarket is using 3D printing technology also called 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 efficiency and raises the production standards of companies. Companies (original equipment manufacturers) such as General Motors, BMW, Ford, and Porsche have already started investing in this trend.

The Passenger Cars Aftermarket Global Market Report 2023  provides a passenger cars aftermarket market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The passenger cars aftermarket market forecast analyzes passenger cars aftermarket market size, passenger cars aftermarket market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Passenger car aftermarket refers to services that provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement, equipment, service repair, and automotive accessories.

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