Automotive Aftermarket: A Global Strategic Business Report
San Jose, CA (PRWEB) February 26, 2008
The global market for replacement parts, components, and accessories has been growing impressively. Superior quality of OEM parts and components has not been able to arrest the growth in demand for aftermarket parts. Electrical and mechanical components contribute lion's share to the total sales of auto components despite their mature stage of growth. However, fuel injectors and brake parts in mechanical components segment, and SLI batteries in electrical components segment are witnessing robust growth rates in the global automotive aftermarket.
DIFM (do-it-for-me) category captures more than 75% of the automotive aftermarket. The primary reason explaining the fact is the increasing complexity in service and repair mechanism of the newer vehicles. On account of complex nature of parts, their service and repair, this category is poised to maintain or further improve its market share in the coming years. The US represents the largest automotive aftermarket with sales pegged at US$213 billion for 2008. Automotive aftermarket in Germany is the largest in the entire European automotive aftermarket and is estimated at US$98 billion for 2008.
Asia-Pacific represents the fastest growing automotive aftermarket, with sales projected to increase at a compounded annual rate of 9.36% over the period 2001-2010. Automotive aftermarket in Latin America is estimated at US$108 billion by 2009. Aftermarket for mechanical products dominates the global automotive aftermarket, with sales of US$276 billion estimated for the year 2008.
Key players listed in the report include ACDElco, American Axle & Manufacturing Holdings, ArvinMeritor, ASIMCO, Bridgestone Corp., Continental AG, Delphi Automotive Systems, Denso Corp., Federal-Mogul Corporation, Honeywell International Inc., Johnson Controls, Lear Corp., Magna International, Magneti Marelli SpA, Michelin, Robert Bosch GmbH, TRW Automotive, and Visteon Corp., among others.
"Automotive Aftermarket: A Global Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the global market with hard-to-find data and analytics for key regional markets such as the United States, Europe and others, alongside up and coming markets such as Asia-Pacific and Latin America. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities.
Analytical estimates and projections are presented in terms of annual sales in US$ over the years 2001 through 2015. Historic data is also provided for an insight into market evolution over the period 1991-2000. Product segments independently analyzed include Mechanical Products, Electrical Products, Electronic Products, Exterior and Structural Products, Motor Oil, Fluids and Additives, and Appearance Chemicals.
For more details about this research report, please visit http://www.strategyr.com/Automotive_Aftermarket_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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