The automotive aftermarket from exhaust replacement parts segment is set to depict a CAGR of around 7% through 2026. The system is exposed to high temperatures as hot air from the combustion engine passes through it. Its major components include muffler, tailpipe, catalytic converter, engine manifold, and engine downpipe.

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With regards to the sales outlet spectrum, the global automotive aftermarket from the OEM factory fill segment is poised to exhibit over 4% CAGR through 2026, which is attributable to the increasing consumers’ trust and confidence towards products offered by OEMs. Benefits of using the OEM outlets include long-term warranty and quality assurance. In addition, accelerating usage of e-Commerce and electronic platforms by these providers will further escalate segmental growth.

Recent trends in the global market are driven by the launch of e-commerce websites for the purpose of attracting customers and increasing product penetration in the digital era.

Citing an instance, Kuwait-based AUTO1 has recently launched its e-commerce website “auto1.online”, bringing its wide shopping experience completely online by offering an extensive range of products. These comprise trending automotive essentials, car care merchandise, and several other automotive aftermarket parts at amazing prices.

Additionally, the company’s website hosts multiple categories comprising Car Care, Accessories, Hardware & Tires, and Batteries, enabling the online purchase of Spare Parts, and also offering consultation with the aid of its dedicated technical support team. Similar initiatives by key market companies are set to push industry demand, augmenting revenue expansion over the forthcoming years.

The global automotive aftermarket size is anticipated to surpass USD 1.1 billion by 2026. This growth is prominently attributed to the surging incorporation of safety features and technologies like ADAS on account of the increasing stringency in measures associated with vehicle safety. The rising adoption of ADAS is likely to bring about a reduction in the number of road accidents, propelling industry landscape through the forthcoming years.

From a regional perspective, the Europe automotive aftermarket is anticipated to gain remarkable traction in the coming years, due to the high average age for on-road vehicles in the developed European countries.

As per the ACEA (European Automobile Manufacturers Association), the average age of the passenger vehicles in the region increased by 5.71% in 2017 as compared to 2013, resulting in their average age of 11.1 years. This increase in the ageing fleet and the subsequent expansion of the maintenance sector are expected to create ideal growth conditions for the regional industry share over the estimated timeline.

The competitive landscape of the automotive aftermarket comprises of companies such as ZF Friedrichshafen AG, Federal-Mogul Holdings, BASF, Continental AG, and 3M, among others. These industry players are focusing on expanding their regional presence through M&A, business expansions, new product launches, and other strategies.

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Some Point from Table of Contents:

Data Tables

TABLE 1.    Automotive aftermarket industry 360⁰ synopsis, 2017 – 2027

TABLE 2.    Market revenue, 2017 - 2020, (USD Billion)

TABLE 3.    Market revenue, 2021 - 2027, (USD Billion)

TABLE 4.    Market revenue by product, 2017 - 2020 (USD Billion)

TABLE 5.    Market revenue by product, 2021 - 2027 (USD Billion)

TABLE 6.    Automotive aftermarket revenue by sales outlet, 2017 - 2020 (USD Billion)

TABLE 7.    Market revenue by sales outlet, 2021 - 2027 (USD Billion)

TABLE 8.    Market revenue by region, 2017 - 2020 (USD Billion)

TABLE 9.    Automotive aftermarket revenue by region, 2021 - 2027 (USD Billion)

TABLE 10.    Vendor matrix

TABLE 11.    Country-wise major payment methods, 2017

TABLE 12.    Country-wise average age of vehicle fleet, 2019

TABLE 13.    Historic vehicle parc statistics, by region, 2013-2019

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