The automotive aftermarket is witnessing significant shifts, primarily steered by technological advancements. Among these trends is the rise of e-commerce in parts and services. Digital platforms continue to disrupt traditional distribution channels, broadening customer reach and bolstering competition. Furthermore, the transition to electric, autonomous, and connected vehicles is influencing demand...
Discover more insightsThe aftermarket for brake parts is characterized by considerable dynamism. The market has seen continuous innovation, as manufacturers vie to improve product performance and durability. Driven by safety concerns and to sustain in the competitive market, operators have launched superior quality brake parts that offer improved life and efficiency. Equally,...
Discover more insightsAs a significant segment within the car accessories market, the aftermarket alloy wheels sector's evolution often mirrors wider auto-industry trends. Two primary factors notably impact this market segment: vehicular customization trends and the shift towards lightweight materials in the automotive sector. A growing segment of consumers is keen to differentiate...
Discover more insightsThe recent advent of digital retail or eRetail is reshaping the automotive aftercare market. Customers are increasingly relying on online platforms for their vehicle servicing and repair needs, a trend fueled by an array of benefits including convenience, competitive pricing, and greater product and service transparency. Another contributing factor is...
Discover more insightsThe continued rapid growth of the global vehicle parc is a significant driver of the wiper motor aftermarket. This development creates a demand outflow for parts, maintenance, and service which naturally extends to the wiper motor sector. The higher the number of vehicles on the road, the greater the possible...
Discover more insightsAs vehicles continue to become more technologically complex, the demand for specialized auto parts and maintenance services is expected to rise. The proliferation of electric and hybrid vehicles also presents additional aftermarket opportunities, specifically in battery servicing. Furthermore, growth in reselling and recycling parts is anticipated with an increasingly eco-conscious...
Discover more insightsWhile industries worldwide have been buffeted by the COVID-19 pandemic, the automotive aftermarket accessories sector is among those that have faced considerable turbulence. Consumer behaviours altered dramatically, with lockdowns, work-from-home practices, and travel limitations causing reduced vehicle usage. This resulted in a temporary slump, particularly in maintenance-related purchases. Yet, the...
Discover more insightsThe global two-wheeler sector is seeing significant growth with respect to the automotive aftermarket industry. This trend reflects the rising consumer inclination towards personal transportation and facilitated mobility. Moreover, thanks to the growing abundance of more affordable options and the diverse range of styles available, consumers in many developed and...
Discover more insightsA rising fascination with vehicle customization, coupled with the upturn in automobile accidents, are significant forces propelling demand in the automotive components sector. Moreover, the steady growth in vehicle age due to improved car durability and high costs of new models, is contributing to a thriving market for replacement parts.
Discover more insightsThe flex-fuel engines market is demonstrating significant innovation, primarily driven by the diverse mixtures of fuels that can be used in these systems. They offer the ability to switch between different types of biofuels, petrol, and gas, depending on the availability and price of each fuel. Additionally, flex-fuel engines offer...
Discover more insightsThe automotive industry has embarked on a technology-driven metamorphosis with Over-The-Air (OTA) updates playing a pivotal role. As vehicles become more digital than mechanical, the software that runs them gains critical importance. With OTA, auto manufacturers can remotely enhance the operational efficiency, while also addressing software bugs and adding newer...
Discover more insightsNew car sales movement is largely influenced by several pivotal factors. Economic conditions bear significant weight, with prevailing economic outlook dictating consumer spending behaviors. Periods of financial prosperity generally bode well for new car sales as consumers are more ready to make high-value purchases. Technological advancement is another driving force,...
Discover more insightsAn assortment of aspects prompt demand in engine oil aftermarket for private vehicles. Key catalysts include the increased production and usage of passenger cars globally as well as the amplified emphasis on regular vehicle maintenance. Enhancements to technological specifications of engine oils, such as improved viscosity, corrosion resistance, and engine...
Discover more insightsE-commerce has significantly reshaped the automotive aftermarket, enabling a shift from traditional retail and wholesale channels towards digital platforms. This transformation allows consumers to conveniently and efficiently access spare parts, services, and other automotive products. The proliferation of online retailers and e-commerce marketplaces considerably intensifies competition, and necessitates solid online...
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