Tag Archives

Archive of posts published in the category: Aftermarket
May
5

Automotive Aftermarket Industry Trends – Global Report 2026

Published Date: Oct 2019  |  Report ID: GMI1166  |  Authors: Kiran Pulidindi, Hemant Pandey

Industry Trends

Automotive Aftermarket size valued at USD 923.1 billion in 2018 and will grow at a CAGR of 5.5% from 2019 to 2026.

 

U.S. Automotive Aftermarket By Sales Outlet

Get more details on this report – Request Free Sample PDF

 

Automotive aftermarket, frequently referred to as secondary market, manufactures and supplies spare parts, accessories and other components for various automobiles. Aftermarket industry provides services such as repair and maintenance for the vehicles. It is highly consumer driven and undergoing changes with evolving consumer expectations, technological advancement and changing dynamics. Shifts in competitive power in emerging economies contribute to transforming the industry landscape periodically. New technology in terms of innovative components and logistics are set to reduce gap between OEM and aftermarket offerings.

 

Surging pre-owned vehicle sales in turn help propel the repair and maintenance side of the automotive market, for improved vehicle performance. Growing middle class population in conjunction with increasing purchasing power is driving the vehicle sales and providing potential opportunities for aftermarket part manufacturers and supply chain providers. Ageing vehicle fleet, along with growing demand for replacement parts will further escalate the revenue generation in next few years.

 

Usage of sensor technology in vehicles provides optimum driving behavior that leads to less wear and tear of vehicle parts including brakes and tires. This reduces the replacement requirement that may hamper the automotive aftermarket industry growth. Ongoing R&D for new materials to decrease the deterioration wear and tear of vehicle parts that limit the product penetration. For instance, in March 2019, UBC Okanagan, University of Toronto and Sharif University of Technology developed self-lubricant brakes for cars. The carbon fiber-infused polymer-based brake are expected to provide high performance over wide range of temperatures with smaller brake pads and higher performance life.

 

Automotive Aftermarket Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 923.1 Billion (USD)
Historical Data for: 2016 to 2018 Forecast Period: 2019 to 2026
Forecast Period 2019 to 2026 CAGR: 5.5% 2026 Value Projection: 1,430.5 Billion (USD)
Pages: 254 Tables, Charts & Figures: 278
Geographies covered (18): U.S., Canada, Germany, UK, Russia, Poland, France, China, India, South Korea, Japan, Indonesia, Thailand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia
Segments covered: Product, Sales Outlet, Region
Companies covered (25): Lear Corporation, BASF SE, YAZAKI Corporation, Cooper Tire & Rubber Company, ALCO Filters Ltd, Continental AG, Bridgestone Corporation, Delphi automotive PLC, Denso Corporation, Hella KGaA Hueck & Co, 3M, Akebono Brake Corporation, Federal-Mogul Holdings LLC, Shandong Zhengnuo Group Co., Ltd, ASIMCO, ACDelco, Faurecia USA Holdings, Inc, Magnetic Marelli, Robert Bosch GmbH, Aisin Seiki, Hyundai Mobis Co., Ltd, Johnson Controls, Toyota Motor Corporation, ZF FRIEDRICHSHAFEN AG, Magna International, Inc.
Growth Drivers:
  • Growing demand for vehicle upgradation along with digitization of distribution channels
  • Increasing vehicle sales of new and preowned vehicles
  • Ageing vehicle fleet along with poor road infrastructure
Pitfalls & Challenges:
  • Adoption of vehicle safety technologies and rising electric vehicle sales

Request 15% Free

Apr
2

Speedy Automotive Ltd. – Auto Parts, Aftermarket Parts, Automotive Paint


Experience and knowledge in the automotive aftermarket industry is our trademark!

Since our beginning in 1974, we have grown to become one of the largest suppliers of aftermarket auto parts and accessories throughout the province of Newfoundland and Labrador. We service everyone from the service station operator and jobber to the backyard mechanic.

We have five locations on the Island and provide a quality service and product at a great price!

Our site is presently under construction; however, we hope to have it completed in the very near future. We are very excited about our ability to offer this new service to you!


Contact Information

Our head office is located in Corner Brook, Newfoundland. For a more detailed listing of our store locations, please select Store locations.

Telephone: (709) 639-8582

Facsimile: (709) 634-2049

Postal address: P.O. Box 926, Corner Brook, NF A2H 6J2

Electronic mail:

General Information: info@speedyautomotive.com

Sales: sales@speedyautomotive.com

Customer Support: rogergunson@speedyautomotive.com

Copyright Speedy Automotive Limited


Shocks and Struts




“Shocks and struts are safety components that maintain vertical loads placed upon the tires. They control spring and suspension movement to keep tires in contact with the road.

Under normal conditions on a smooth road, shocks stroke on average 1,750 times for every mile traveled or 7.5 million stabilizing actions on average every 12,000 miles (20,000 kilometers). As a result, shocks and struts do wear out and should be checked every 12,000 miles/20,000 kilometers just to be safe.

Worn shocks and struts affect vehicle safety.”

Copyright © 2006 Speedy Automotive Limited – all rights are reserved and protected.

Source Article