Jan 23, 2020 · Consumers began to choose light trucks over cars at a significant rate, and in 2019 IHS Markit is predicting that light trucks will make up 71% of the total market, leaving cars with 29%. By 2026 the gap is expected to widen further, with light trucks making up 76% of the vehicle market and cars making up 24%.
Sep 27, 2020 · Global Automotive Battery AfterMarket 2019-2025 Growth Analysis, technology Trends and Key Feature | COVID 19 Impact Analysis on Top Players : East Penn Manufacturing Company, Interstate Battery System of America, Inc., Robert Bosch, Panasonic, EnerSys
The Germany automotive aftermarket size was accounted for USD 21.5 billion in 2018 and expected to grow with a CAGR of 1.1 % over the forecast period, 2019 to 2025. Factors such as product innovation and rising service orientation are majorly driving the growth of the automotive aftermarket in Germany.
“The PV spare parts and service market contributed more than $5 billion in 2019 and is expected to eclipse $6.9 billion by 2023.” The positive outlook comes on the eve of Saudi’s leading trade fair for the auto aftermarket Automechanika Riyadh, which opens doors for its 2nd edition from Feb. 24-26 at the Al Faisaliah Hotel.
Dec 02, 2019 · Asia Pacific Automotive Aftermarket Statistics 2024: Share Forecasts, Trends & Growth drivers Market Study Report LLC — December 2, 2019 12:17 pm add comment Market Study Report adds Asia Pacific Automotive Aftermarket report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies ...
The South African automotive aftermarket sector has exhibited strong growth since the early 2000s and is forecast to grown annually at 5.5% until 2023. Heightened levels of investment into the sector combined with new entrants, most notably small-sized businesses, have seen total revenue reach $6.6 billion in 2017.
Nov 16, 2016 · As the industry shifts, various automotive aftermarket industry trends are emerging. For instance, within the B2C auto aftermarket, sales are shifting from traditional methods to e-commerce. Direct selling — from original equipment manufacturers (OEMs) to consumers — is also becoming more common.