© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Automotive Aftermarket to exceed $680 billion by 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Favorable FDI policies in developing countries has led to increasing number of manufacturing plants. Additionally, rising customer base of international market players across the globe along with increasing number of service centers are the driving factors for the automobile aftermarket industry growth.  Legal issues regarding patent and copyright infringement are restraining factors to automotive aftermarket industry. Increasing on-road vehicle usage coupled with rising vehicle average age are the key factors driving the global automotive aftermarket demand. Tires, electrical parts and brakes are among the highest revenue generating parts accounting for over 50% of total revenue generated from replacement part segment.  Growing demand from replacement components, owing to more usage of older vehicles in Latin America will drive the product penetration. This is due to more than 50% of the vehicles in Mexico are older than 10 years. Key Insights from Automotive Aftermarket:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Europe led by Germany, UK and France will witness more than 4.5% growth. Large presence of original equipment manufacturers along with regional players will drive the regional demand. Stringent government regulations for improving fuel efficiency will result in frequent maintenance of older vehicles should fuel the market demand.  Easy replacement parts availability accompanied by ease in operations like changing oil, tires, mirrors with minimum requirement of tools are driving the DIY sales outlet market size. Mexico is one of the major exporters of the vehicle replacement components particularly for the U.S. with favorable import policies will positively influence the automotive aftermarket demand.  Global automotive aftermarket industry share is highly fragmented. The key market players include Denso Corporation, Magneti Marelli, Continental AG, Akebone Brake Corporation, 3M Company, Cooper Tire and Rubber Company. Continued...

© 2016 Global Market Insights, Inc. USA. All Rights Reserved U.S Automotive Aftermarket Size, by Product, (USD Billion)

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Product Analysis Accessories are used to improve appearance, performance and safety function of vehicle parts. These includes parts like graphics, spoilers, wings, styling seats and alloy wheels. Upsurge in demand for aesthetically pleasant and comfort feature in vehicle is expected to drive the accessories market segment of automotive aftermarket industry.  Regional Analysis Europe, led by Germany, UK and Russia will witness CAGR over 4% up to Large customer base coupled with presence of OE manufactures are key factors driving regional market demand. Increasing number of authorized service providers along with rise in industry participants will result increased competition in this region.  Competitive Market Share Global automotive aftermarket industry market share is moderately fragmented owing to the presence of numerous regional industry participants. Some of the key industry players include Continental AG, 3M Company, Akebone Brake corporation, Delphi, Federal-Mogul, Denso, Magneti Marelli, Robert Bosch, ACDElco and ASIMCO Technologies ltd. 360° Analysis

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