Automotive Aftermarket Industry to Cross USD 1000 Billion by 2027 - Report by Market Research Future (MRFR)
New York, June 16, 2021 (GLOBE NEWSWIRE) -- Automotive Aftermarket Industry Overview: According to a comprehensive research report by Market Research Future (MRFR), " Automotive Aftermarket Industry - Information By, By Channel, By Vehicle Age, By Vehicle Type and Region - Global Forecast till 2027" the market is set to cross USD 1000 billion by 2027. It can display a growth rate of 4.40% over the forecast period (2020-2027). Market Scope The need for drivers to improve vehicle performance in terms of appearance, speed, sound, and mileage can drive the market demand significantly. Large number of car owners in the U.S. and Europe coupled with adherence to changing standards by regulatory agencies can augur favorably for the market. Automotive manufacturers looking to expand their sources of revenue have ventured into the market. Rising automobile sales and integration of digitally tuned devices can drive the market demand. Online channels are looked as a source of attaining components and manufacturers are investing in websites and opening channels on ecommerce sites to be part of the customer experience.
Automotive Aftermarket Industry to Cross USD 1000 Billion by 2027 - Report by Market Research Future (MRFR)
New York, June 16, 2021 (GLOBE NEWSWIRE) -- Automotive Aftermarket Industry Overview: According to a comprehensive research report by Market Research Future (MRFR), " Automotive Aftermarket Industry - Information By, By Channel, By Vehicle Age, By Vehicle Type and Region - Global Forecast till 2027" the market is set to cross USD 1000 billion by 2027. It can display a growth rate of 4.40% over the forecast period (2020-2027). Market Scope The need for drivers to improve vehicle performance in terms of appearance, speed, sound, and mileage can drive the market demand significantly. Large number of car owners in the U.S. and Europe coupled with adherence to changing standards by regulatory agencies can augur favorably for the market. Automotive manufacturers looking to expand their sources of revenue have ventured into the market. Rising automobile sales and integration of digitally tuned devices can drive the market demand. Online channels are looked as a source of attaining components and manufacturers are investing in websites and opening channels on ecommerce sites to be part of the customer experience.