The global auto parts and accessories market is segmented by type and application. North America accounts for the largest share of the auto parts and accessories market. With key automotive manufacturers in this region, it is a major hub of the industry. Latin America and the Middle East are also projected to experience growth, although they are still at a nascent stage. In terms of volume, China, Japan, and the U.S. dominate the global market.
This report also includes the latest developments and trends, competitive landscape, and regional and country-level analysis. It also covers the impact of localized and global market players, as well as emerging revenue pockets. The report also covers the market size, application niches and dominance, product approvals, geographical expansion, and technological innovations, among others. It offers comprehensive insights into the global and regional auto parts and accessories market and helps make informed business decisions.
The Global Auto Parts And Accessories Market report also includes profiles of major companies operating in the industry. Leading players in the industry include Hyundai Mobis, Aisin Seiki, Continental AG, Flowmaster Mufflers, Magna International, Denso Corp., Panasonic Automotive Systems Europe, and others. The report also covers new entrants to the industry, which include the automotive parts and accessories market. The Global Auto Parts And Accessories Market report is published by Dataintelo.
The global auto parts and accessories market is segmented by type, application, product, and vehicle. Types include wheels, suspension, and tires, which are used to repair and replace internal parts. External auto parts are shipped in big shipping boxes and are less fragile than internal parts. However, sellers of these parts must be mindful of shipping requirements and whether the products can be picked up by the customer. However, external auto parts are commonly listed under suspensions and wheels.
The market is expected to continue growing rapidly. According to Hedges & Co., mobile auto parts websites account for 65.0% of the industry’s total traffic. This trend will continue to grow as long as consumers are increasingly inclined to buy things online. Further, cross-device conversions have contributed to this trend. Mobile auto parts consumers tend to visit a site more than once during a day or week. This means that mobile auto parts sales may well be justification for an existing parts store.
The Global Auto Parts and Accessories Market Report provides an extensive analysis of the industry. Key market trends and forecasts are highlighted, as is the competitive scenario of leading players. The report also features regional market data, including North America, Latin America, Asia-Pacific, and the Near East & Africa. It also analyzes key factors that impact the market, including the COVID-19 outbreak. You will also find out how the market will respond to this epidemic.
There are more than 370,000 businesses operating in the automotive aftermarket industry in the U.S., including parts manufacturers, retail auto parts outlets, and wholesale distributors. This industry employs 4.5 million people in the US, and is expected to grow at a 4% compound annual rate through 2024. The U.S. light duty automotive aftermarket is expected to reach $324 billion in 2022, up 11% from the same year.