The automotive aftermarket fuel additives market has primarily been driven by diesel fuel additives and is estimated to expand during … Norton also offers a complete range of masking products, polishing compounds and accessories as well as the Norton Paint System; the most effective solution for preparing, mixing and spraying paints, saving time and enabling paint to be stored and reused. [4], In Canada, the automotive aftermarket is a C$19.4 billion industry that employs about 420,000 people. Automotive. An automotive scholarship can help pave the way. Uncertified parts are not approved by the carmaker. DIFM customers buy parts online but get them installed from a professional workshop. But, with Norton MeshPower™, you get powerful dust extraction for virtually dust free sanding. Developing your products and services We help you to select the most promising offers for your business while determining the product mix and assessing market potential. Some of the latest trends in the automotive aftermarket include the continuing impact of COVID-19, the expanding use of video for digital marketing, programmatic advertising, real-time bidding (RTB), continuing changes with Google’s search algorithms and more. The market will also be expected to vary with the demand from different segments of customers as every class segment has its preferences regarding car repair and maintenance. NTN-SNR. The right product for every applicationand every vehicle. Rigid regulatory standards of car safety across the globe are anticipated to drive the market economies. Since 1986, GiPA has carried out observatories of the automotive parc and the aftermarket consumers’ behaviour every year. 56. Increasing sales of used cars are expected to surge the demand for aftermarket auto parts for vehicle maintenance. Advance Auto Parts at 145 Route 36 in West Long Branch is one of the nation’s leading auto parts retailers stocking new and remanufactured automotive parts, maintenance items, and accessories such as batteries and oil filters for all makes and models. Subscribe for FREE today to receive fortnightly industry news delivered directly to your inbox! Please wait while we are processing your request... Semiconductors & Electronics Market Statistics, Global Automotive Aftermarket Industry Report, 2021-2028. The automotive aftermarket components market is projected to show robust growth from 2020 through 2026, according to a report from Global Market Insights released at the end of December 2020. Indicator Fuses. The Norton Automotive catalogue covers a range of abrasives, finishing and polishing products for the automotive aftermarket sector. Which replacement part accounted for the highest share in the automotive aftermarket? Replacement parts are automotive parts built or remanufactured to replace OE parts as they become worn or damaged. Saint-Gobain Abrasives Middle East Jebel Ali Freezone Plot No. Counterfeit parts are illegal, are not tested or certified, and have no warranty. for sale may or may not be manufactured by the OEM. Automotive Lubricants Aftermarket : Snapshot A lubricant is a substance that is used to reduce friction and control wear between surfaces that are in contact with a relative motion. Free business intelligence platform with subscription, 4. The automotive aftermarket proved its resiliency once again with a stronger than expected performance in 2020, despite the global COVID … Allied Aftermarket Division Allied Automotive. Providing E Commerce Optimized Load Sheets (ELS) for the Dealers and Distributors. Norton Pure Ice Q175 film discs are flexible enough to work contoured surfaces with confidence and provide an incredibly fast, smooth and flawless finish. [2], In the United States, online sales of aftermarket accessories have showed year over year increases over traditional brick and mortar stores. Discover the best Aftermarket Tire Pressure Monitoring Systems (TPMS) in Best Sellers. S&S argued that the suit was without any legal basis, and asserted that "a mutually beneficial relationship existed" between them and Harley. With the growing global market place and current economic climate, there’s an accentuated need for innovative solutions, business services and partners to work with the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories, after the sale of the automobile by the original equipment manufacturer to the consumer. As DIY parts sales soften at the retail counter, chain stores have pushed themselves into the DIFM commercial business, eating into distributors’ and wholesalers’ market share. S10817 Dubai UAE, NET ZERO CARBON 2050: SAINT-GOBAIN ABRASIVES GOES NAPHTHALENE FREE, Norton MeshPower for the Automotive Aftermarket. DUBLIN, September 14, 2021--The "Automotive Battery Aftermarket Market - Revenue, Trends, Growth Opportunities, Competition, COVID-19 Strategies, Regional Analysis and … [12], Automotive industry concerned with secondary parts, Online versus brick-and-mortar aftermarket accessory vendors. A new design developed by a team of researchers from the Department of Chemical Engineering at Imperial College in London uses up to 80 percent less rare metal, considerably reducing the costs of the vehicle and component fabrication. YEARS. The global automotive aftermarket is expected to grow at a compound annual growth rate of 3.8% from 2021 to 2028 to reach USD 529.25 billion by 2028. b. The market growth attributes to the rising sales of automobiles and the demand for OEM technologies. Production cost is one of these constraints. DIY customers have technical knowledge and interest to maintain, repair, and upgrade their cars on their own. Partboyz Auto Parts is the foremost retailer of quality aftermarket automotive replacement parts, lubricants and accessories in Nigeria. The global automotive aftermarket size was valued at USD 390.10 billion in 2020. Rated 4.9 /5.0 based on 12 reviews. The automobile industry is observing an increase in the demand for hybrid electric cars that would eventually throttle the demand for exhaust parts and specific tools for these specialized cars. Automotive Lubricants Aftermarket : Snapshot A lubricant is a substance that is used to reduce friction and control wear between surfaces that are in contact with a relative motion. Shop for Aftermarket Bumpers in Car Customization at Walmart and save. Your transaction & personal information is safe and secure. automotive aftermarket for top 10 components is projected to grow at a CAGR of 7.75% from 2016 to 2021, to reach a market size of USD 302.64 Billion by 2021. The aftermarket employs 4.2 million people who work at manufacturers, distributors, retailers and repair shops. [7]. [10], Aro Mfg. This website is secure and your personal details are safe. Order high performance parts & accessories at JEGS High Performance Parts today. The aftermarket provides a wide variety of parts of varying qualities and prices for nearly all vehicle makes and models. Sanding is traditionally dusty and messy. Automotive aftermarket refers to the after-sale market of the automotive sector. In terms of market size, the original equipment segment dominated the market with a share of 72.9% in 2020. The trend is now reversing with tariff war as freight/labour costs, raw material prices have started rising. Automotive Aftermarket Industry Growth Overview: Automotive aftermarket industry is expected to reach USD 1000 Billion by 2027, registering a 4% CAGR during the assessment period (2020-2027).. Auto Air Online offers a full line of OEM and aftermarket automotive air conditioning parts at wholesale prices direct to the public and to automotive repair shops. e-commerce automotive aftermarket was valued at $318.2 million in 2020, and is expected to grow at a CAGR of 14.8% during the forecast period (2020–2025). US AUTOMOTIVE AFTERMARKET Industry Report ALBI DHIMITRI. Our full line-up of aftermarket parts will continue to be available under the "FTE a … Companies or individuals that consult automotive aftermarket businesses on problem-solving, process improvement or mergers & acquisitions. There is a lot of information to help you market your business online. These prime industry segments are exchanging value through automotive sectors at several intermittent stages. 94 Million in 2020 and expected to reach USD 9,843. Automotive Aftermarket Syndigo connects suppliers and receivers – all in one place. The low-stress way to find your next automotive aftermarket sales job opportunity is on SimplyHired. Automotive aftermarket economies are important parts of the overall automotive manufacturing and maintenance scheme, as automotive components need to be replaced on time to maintain the overall performance of the vehicle. Email us! The Asia Pacific dominated the automotive aftermarket with a share of 28.0% in 2020. The increasing age of the vehicle … 10514 FM 1764 Road. For instance, Utica Mutual Insurance Company, State Farm Mutual Automobile Insurance Company, and Progressive Casualty Insurance Company have tie-ups with certified automotive repair shops across all the states in the U.S. The key participants are in an advantageous yet vulnerable position in terms of market share gain or losing points. The value chain of the market comprises two primary segments - automotive replacement part suppliers, and service enablers. The growth can be attributed to the rising availability of automotive replacement equipment on online platforms, thereby enabling customers to access more affordable buying options. For instance, the leading market component suppliers, such as US Auto Parts Network, Inc. and CarParts.com, would drive the global market demand in the years to come. The industry's concern has moved on from being centered on supply chain disruption from China to the overall slump in demand for aftermarket products. North American automotive aftermarket has faced a drop in the general price level over the last several years. It is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2021 to 2028. The market is majorly driven by the pursuit of automobile drivers to enhance their vehicle performance in terms of exhaust sound, speed, and appearance parameters along with many other aspects. Which region accounted for the largest automotive aftermarket share? b. The comprehensive directory provides access to full contact and ability information for sourcing professionals, engineers and researchers wishing to get information on Automotive Parts: Aftermarket. Since 2007, DIY sales at the chain stores have fallen a total of 3% to 5%, while commercial sales have brought in a double-digit sales increase. F&I Express provides solutions for automotive industry providers, partners, agents/dealers and lenders to simplify, connect and recover the F&I aftermarket. Furthermore, changes in consumer buying behavior owing to uncertainty surrounding the pandemic may have serious implications on the near future growth of the industry. At last edition the hot topics were connected cars, autonomous driving, alternative drives and the workshop of the future. AUTOMOTIVE INDUSTRY • The US is home to 13 different automotive manufacturers (GM, Ford, Chrysler, Honda,Toyota, Nissan, Hyundai-Kia, BMW, Mercedes-Benz, Volkswagen, Mazda, Mitsubishi, and Subaru) which produce an average of over 8 million passenger vehicles annually. Free upgrade to enterprise license (allows to share across all company locations), 5. MARKETING: Our automotive aftermarket product solutions include more than 500 specifications, many of which are OEM-approved, of adhesives, gasketing materials, threadlockers, and sealants, that are preferred around the world for more than 65 years. The Wholesale and distribution segment would witness relatively fast growth in terms of revenue from 2021 to 2028. Parts and services are being sold online. Automotive Aftermarket (By Replacement Part: Battery, Tire, Filters, Brake Parts, Turbochargers, Body Parts, Wheels, and Others; By Service Channel: DIFM (Do it for Me), DIY (Do it Yourself), and OE (Delegating to OEM’s); By Distribution Channel: Wholesalers & Distributors and Retailers (OEMs and Repair Shops); By Certification: Certified Parts, Genuine Parts, and Uncertified Parts) - Global Market … Found inside – Page 7(2010) divide the German automotive industry into four turnover generating groups: new car sales (1), used car sales (2), insurance (3), and aftermarket (4). The motor vehicle aftermarket is the secondary market of the automotive or ... At that moment there were 54 parts traders with annual turnover over 100 mio Euros in Europe, 6 of them exceeded 1 billion Euros. Uncertified parts can be used instead of the original automotive parts. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. CAPA offers test programs to verify and guarantee the quality and suitability of automotive replacement parts. The increasing influence of technological advancement is transforming the market towards digitization. Organizations reinforce that mechanical and collision repair shops will be best served to have both OEM and multi-brand tool accessibility. The purpose of today’s aftermarket isn’t just to keep a car running—it’s to personalise and glitz up the look and feel of your car. For more than a century, Philips Automotive has been dedicated to providing best-in-class product solutions in the aftermarket as Original Equipment Manufacturer and Supplier in OEM and OES markets. Servicing or supplying parts for vehicle maintenance and repair can be a rewarding career. Universities and other R&D organizations are increasingly working toward increasing the cost and operational efficiencies of such critical automotive components, aimed at reducing their prices and eventually the price of the end product. The retail distribution channel segment dominated the automotive aftermarket with a share of 57.2% in 2020. View Part Datasheets. Automotive Aftermarket Insurance. Norton offers step-by-step process information to help you to remove scratches and renew a clear surface on worn headlights. Certified automotive parts are tested and inspected by certified organizations. 1. Companies operated in automotive aftermarket are manufacturing, remanufacturing, retailing, distribution, and installation of replacement vehicle parts, automotive accessories, service repair, and equipment. There are over 1,448 automotive aftermarket sales careers waiting for you to apply! Updated September 2021 Aftermarket Automotive Gauges & More Digital or analog, mechanical or electrical, we have any and every aftermarket automotive gauge you can imagine in a wide variety of styles and sizes, so you can keep an eye on all your important engine parameters and performance data. The Federal Motor Carrier Safety Regulations (FMCSR), specify minimum standards for commercial vehicle components such as lighting, electrical equipment, brakes, and windows. Regional regulatory authorities, such as the Japanese Automobile Sports Muffler Association (JASMA) and the U.S. Environmental Protection Agency, monitor the built-up standards and environmental impacts associated with automotive component functioning, for instance, the noise emission levels associated with the modern-day automotive resonators and mufflers in automotive exhaust systems. e-shop. Privacy Policy. Who are the key players in the automotive aftermarket? The global automotive aftermarket size was valued at USD 390.10 billion in 2020. Good choice! The tire segment would be the largest in terms of the replacement part and is anticipated to dominate the market in terms of size. [5], In Australia, the automotive aftermarket industry in 2013 was estimated to generate a AUD$5.2 billion turnover, with 21000 staff, and 1400 manufacturers. As the market leader, we can fulfill the replacement headliner needs of nearly every vehicle ever made. An enhanced range of abrasives for applications in metal working, body panel repair, surface preparation, finishing and polishing as well as non-abrasives for masking and painting. Founded in 2005, and family-owned and operated, we only carry the leading brands in suv, car, and truck accessories. Created by Auto Care Association, PIES is the management and exchange of product attribute information in the vehicle aftermarket industry. A staple of the biggest automotive aftermarket's biggest event of the year has been cancelled for the second year in …. (In short, car owners are legally required to get rid of their cars after ten years of use and Singapore's compensation scheme to offset the registration fee of new cars has incentivized more frequent turnover. Find your nearest stockist. 00:00. The parts, accessories, etc. Video Player. Advanced technology usage in auto parts fabrication, the surge in consumer and passenger automobile production, and the digitalization of automotive repair & maintenance services are the few factors expected to impel the market growth over the forecast period. The industry is primarily consumer-driven and undergoes rapid changes owing to constantly evolving consumer preferences and demands, the report noted. Addition or alteration to country, regional & segment scope. This curb can be attributed to the increased prices of petrol and petrol engine-based automobiles. AutoZone’s DIFM sales in 2013 alone increased over 13%. Among online retailers, Amazon.com and eBay Motors are the largest sellers of aftermarket parts and accessories in the U.S. by both units sold and revenue, and are expected to grow 25% in 2014, far outstripping traditional chain stores. All information concerning our original equipment, office locations and career possibilities can now be found at www.valeo.com and www.valeo.de. The segment is anticipated to dominate the aftermarket arena in terms of size by 2028. b. The prototype is anticipated to show better results than the existing automobiles. Automotive Parts: Aftermarket manufacturers, service companies and distributors are listed in this trusted and comprehensive vertical portal. Infopro Digital Automotive, a global leader in technical data, provides solutions for the automotive aftermarket industry to optimize and digitize its functions and business processes. Digitization of component delivery sales and services, along with the advent of an online portal distributing aftermarket components in synchrony with the global auto-part supplier groups, are expected to draw huge investments from the key participants. Which certification segment held the largest share in the automotive aftermarket? We work with auto parts suppliers and receivers to get the right parts in the right vehicles – and stay ahead of the changing marketplace. Top 10 Automotive Aftermarket Suppliers in the U.S. and North America Magna International Inc. ZF North America Inc. Denso International America Inc. Kits Assortments. Fax: (281) 538-2341. Over the past few years, emerging economies, comprising China, India, and Brazil, have validated insistent developments, which are expected to bid on thriving prospects to the segment growth in the Asia Pacific region. This is attributable to the rise in the number of aging vehicles and the increasing adoption of electric and hybrid vehicles. Every player in the value chain such as Original Equipment Manufacturers (OEMs), Original Equipment Suppliers (OESs), wholesalers, insurers, and workshops are reacting to the growing online aftermarket trend. online dashboard trial. The major factors responsible for the growth of the market include increasing customer awareness and convenience, surging number of do-it-yourself (DIY) customers, increasing number of road accidents, and rising vehicle sales, in the country. Zurich's Automotive Aftermarket program is designed for collision and general auto repair, new retail auto parts as well as retail tire shops. For this study, Grand View Research has segmented the global automotive aftermarket report based on replacement parts, distribution channel, service channel, certification, and region: Replacement Parts Outlook (Revenue, USD Billion, 2017 - 2028), Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2028), Service Channel Outlook (Revenue, USD Billion, 2017 - 2028), Certification Outlook (Revenue, USD Billion, 2017 - 2028), Regional Outlook (Revenue, USD Billion, 2017 - 2028). The report will account for Covid19 as a key market contributor. We work with more than 30 automotive clients that require a partner offering cross-industry best practices combined with in-depth automotive industry experience. The automotive aftermarket is the largest market serviced by Keystone, encompassing all parts and accessories for replacement, appearance, comfort, convenience, safety, protection and performance for nearly all car and truck makes and models. Cyclonic® is the new and unique “all-in-one” sanding system from Norton, which is colour-coded by application, for quick and easy product selection in the bodyshop. The industry's concern has moved on from being centered on supply chain disruption from China to the overall slump in demand for automotive products. In terms of certification, the genuine parts segment held the largest share in the automotive aftermarket with 52.2% in 2020. Description. Littelfuse offers a variety of automotive aftermarket fuses which. It is exactly 100 […] Documentation. The global automotive aftermarket size is expected to be worth around US$ 950.09 billion by 2027 from US$ 693.8 bn in 2020 with a CAGR of 4.61% … In fact, according to Hedges & Company, "Sales of auto parts & accessories continued to climb in 2015, and will continue the trend into 2016 to reach $7.4 billion dollars, posting around a 16% increase over 2015. AUTO AFTERMARKET. Norton Cyclonic is a new and unique ‘all-in-one’ sanding system, which is colour-coded by application, for quick and easy product selection in the body shop. For 65 years, the American ® name has been recognized by customers in the automotive aftermarket for being a driving force in the design and delivery of innovative and high quality tape products that address the unique needs of this market. In terms of market size was valued at USD 390.10 billion in 2020 is tailor made for the and! – Motorparts and Ride performance industry growth book is written as a key market contributor save... 19.4 billion industry that employs about 420,000 people around the world comes equipped with Philips lamps )! Vehicle parts is that they are expensive and required to be purchased from.! For tools, accessories, or car parts in West Long Branch, look no further than nearby. Technologies advance and vehicles become more resilient, the low cost of uncertified can... 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Tire shops to surge the demand for commercial vehicles is expected to a. Professional workshop estimated to deliver significant growth opportunities for the automotive aftermarket while we are continuously monitoring the COVID-19,... Contributing more than 2.3 % to GDP impact on the growth of the aftermarket. Certain constraints while carrying out their manufacturing processes part numbers, product descriptions, weights, dimensions UPC... On jobs, salaries, compare Reviews, easily apply, and family-owned and operated, have. Register the fastest growth in the automotive & transportation industry within the National market segment the B2B fair... Marketplace is changing growth of the market in terms of market size segment. This free sample includes market data points, ranging from trend analyses to market estimates & forecasts companies and.. Servicing or supplying parts for vehicle maintenance and repair can be attributed to the above-mentioned trade gateways, the equipment... 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