The global automotive aftermarket is expected to increase at high growth rates during the forecasted period (2017-2021). The industry is supported by various growth drivers, such as, increasing global automobile manufacturing, rising used vehicles volume, rising miles driven, etc.
Research By Markets adds "Global Automotive Aftermarket: Size, Trends & Forecasts (2017-2021)" to its online repository. The report provides analysis of the global automotive aftermarket, with detailed analysis of market size and growth.
The analysis includes the market by value and by region. The report also provides the analysis of the Global Automotive Sensors Market of North America, Europe, China, Asia (excluding China) and ROW regions.
3M Company, Continental Corporation, Delphi Automotive Plc. and Denso Corporation are some of the key players operating in the Global Automotive Aftermarket, whose company profiling has been done in the report.
In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
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Delphi Automotive Plc.
An aftermarket is defined as a market that provides products and services like upgrade, modify, repair and maintain a durable item such as a vehicle or mobile device. Moreover, aftermarket states to procurement and selling of parts or equipment for a product after the initial product was manufactured and sold.
The common types of aftermarket are named as parts, components, software, consumables, comfort, convenience, performance, safety, style, security, functions and features.
The automotive aftermarket is a subordinate market; its role begins precise after the post-sale of the vehicle and focus on the remanufacturing, manufacturing, circulation, and installation of automobile machineries and accessories. The installation of components and accessories vehicle by the dealer or service provider after the sale of vehicle is referred as automotive aftermarket.
The five distinct participant groups responsible for creating the automotive aftermarket are part manufacturers, part distributors, workshops, intermediaries and end customers.
The automotive aftermarket is serviced by two different ways. Primarily, aftermarket can be divided into three different subsectors named as New Car Dealers, Do-It-For-Me (DIFM) and Do-It-Yourself (DIY).
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