ReportBazzar has released its latest
research-based report entitled ‘Automotive
Aftermarket’ market.
Automotive
aftermarket is a secondary market of the automotive sector, which involves the
sale of automotive components when they need immediate replacement due to
emergency situations. They can also be replaced on their regular maintenance
schedules. These replacement parts are provided by either authorized providers
or independent providers.
The change in
customer expectations have led the automotive
aftermarket players to undertake technological innovation to improve their
product specifications and lower the component costs. Such initiatives drive
the market. Service providers need to focus on continuous interactions with
individual customers and traders of mobility solutions in order to continue
adding up in the automotive aftermarket business.
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Customer
satisfaction in aftermarket requires the identification of the problem areas to
elevate the experience of the user mobility solutions. Furthermore, vertical
and horizontal integration of new technology concepts are important to improve
the efficiency and quality of the engine parts. The market could be restrained
by the lack of infrastructure and technology in emerging countries.
For this study,
global
automotive aftermarket has been segmented based on offering, channel,
vehicle age, vehicle type, and region. On the basis of offering, the market has
been segmented into parts and services. Parts segment has the larger market
size as, a part is an internal element of the vehicle that if crucial, needs
immediate replacement. On the basis of channel, the market is segmented into
authorized repair and independent repair.
Among these,
independent repair has the larger market size as they offer attractive prices,
improved service quality and speedy delivery along with diagnostics
specialists. On the basis of vehicle age, the market is segmented into 0-4
years, 4-8 years and above 8 years. Above 8 years segment holds the largest
share as the owner opts for cheaper alternatives for parts and services during
this age of the vehicle. On the basis of vehicle type, the market is segmented
into passenger and commercial vehicle. Passenger vehicle holds the larger share
due to the rising demand of passenger cars among the population and increasing
per capita income in emerging countries. On the basis of regions, the market is
segmented into North America, Europe, Asia-Pacific, and the Rest of the world.
To
view the table of contents and know more details please visit: http://reportbazzar.com/reports/RBPR16102018113240120/global-automotive-aftermarket-research-report-forecast-to-2023
Few Points – Table Of Content:
Table of Contents:
Few Points – Table Of Content:
Table of Contents:
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 Key Market Insights
4 Key Findings
5 Recommendations
5.1 Consolidation Among Parts Distributors
5.2 Digitization of channels and
interfaces
5.3 Access to car-generated data
5.3.1 Deeper customer insights
5.3.2 Operational excellence.
5.3.3 Response recommendations and readiness
5.3.4 Predictive maintenance and remote on-board
diagnostics.
5.3.5 New digital services.
5.4 Higher price transparency and greater
diversity of supply for customers
5.4.1 Price transparency
5.4.2 Online sales
6 Market Dynamics
6.1 Drivers
6.1.1 High Quality and Low Cost
6.1.2 OEMs aggressively expanding their Aftermarket
Activities
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