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Top 10 Automotive Technologies Market And Region - Global Forecast to 2021

Top 10 Automotive Technologies: Global Forecast until 2021

  • February 2017
  • 169 pages
  • ID: 4680747
In this report:
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Remote vehicle diagnostics is estimated to account for a considerable share of the top ## automotive technologies market, and is expected to grow at a CAGR of ##.##% from 2016 to 2021.

Summary

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Growing vehicle sales and parc is anticipated to fuel the automotive aftermarket for top 10 components

The automotive aftermarket for top 10 components is expected to grow at a compound annual growth rate (CAGR) of ~7.8 percent, to attain a market size of ~$302.6B by 2021. The sector is influenced by top Elements such as increasing vehicle sales and parc, rise in average life of vehicle, growing miles driven per year, and emergence of new distribution channels. The increasing popularity of e-commerce platforms as a distribution channel is also boosting automotive aftermarket sales. According MarketsandMarkets study, the overall automotive E-tailing market is estimated to grow ~$49.1B by 2021. Some of these aftermarket components are long lasting, growing the time span between consecutive services, leading to a decline in the aftermarket activities. Many of these automotive components also face the threat of counterfeiting. According to Motor and Equipment Manufacturers Association, majority of the counterfeit auto parts are produced in China (CN), accounting for around 80.0 percent of the total automotive counterfeit goods.

Passenger car segment is the quickest increasing automotive aftermarket for the top 10 components

The passenger car segment is forecasted to dominate the automotive aftermarket for top 10 components.Increasing vehicle sales and parc of the passenger car segment has contributed to the increasing aftermarket demand for automotive components, in this industry segment.

According to the OICA, overall passenger car sales have increased to 33.9 million in 2016, at an annual rise rate of 2%. Global parc of passenger car has grown to 907.0 thousand in 2014, at an annual increase rate of 4%.

Oceania/Asia: Fastest increasing market for automotive aftermarket top 10 components

Oceania/Asia is forecasted to dominate the automotive aftermarket, and is expected to grow at the highest compound annual growth rate (CAGR) during the outlook period.This increase can be credited to the improving socio-economic conditions in emerging economies including China, India (IN), Indonesia (ID), and Thailand (TH).

The sizeable populations in countries including China (CN) and India (IN) have resulted in increased vehicle parc, which has led to a increasing demand for automotive aftermarket components. The Asia-Oceania aftermarket for top 10 automotive components is increasing at a compound annual growth rate (CAGR) of 9.29% during the forecast horizon.

Key players' distribution profiles:

The market research includes business insights specified by different market experts, ranging from equipment suppliers to Tier-1 firms and Original equipment manufacturers. The break-up of the primaries is like:

• By Company category - Tier-1 - 63 %, Tier-2 - 29.0 percent, and OEM - 8.0 percent

• By Description - C-suite - 45.0 percent, D-suite - 43.0 percent, others - 12.0 percent

• By Area - North America continent - 58.0 percent, Europe (EU) - 30.0 percent, Oceania/Asia - 12.0 percent

Scope of the Report:

The industry report offers a picture on automotive aftermarket for top 10 components across several verticals and territories.It aims at evaluating the market value and future increase potential of top 10 automotive components across distinct segments including vehicle type, and localities for the aftermarket.

Moreover, the study also comprises a detailed competitive analysis of the top players in the aftermarket together with their company descriptions, MnM view, recent evolutions, and key industries strategies.

Main highlights

The analysis will facilitate the market top players/new sector entrants in this sector by providing them the closest approximations of the revenue numbers for the global automotive aftermarket for top 10 components and the sub-segments.This industry report will facilitate partners to better find out the competitor overview and obtain additional insights to better option their businesses and make suitable go-to-market approaches.

The market research also benefits the partners to comprehend the pulse of the sector and offers them information on main market drivers, market restraints, opportunities, and alternatives.

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