The automotive industry is set to observe a booming demand for aftermarket parts, primarily attributed to consumer desire for maximizing vehicle lifetime value through scheduled servicing and preventive maintenance. With 3D printing, telematics, and e-Commerce emerging as the foundation for evolution of the aftermarket sales channel, the shift towards integrating aftersales services into a singular digital platform is gaining rapid traction. As the aftermarket carves its way into the e-Commerce space, the preeminence of brick & mortar stores is being swayed by the online sales build-up, with performance chemicals, batteries, and motor oil being top-selling categories.
Stakeholders in the automotive aftermarket who embrace data monetization are likely to realize enhanced customer accessibility, comprehensive product and service portfolios, and widened B2B networks. The development of novel applications for leveraging data collection from on-road vehicles is further expected to craft pathways for data monetization, with various service providers directing their efforts towards providing innovative predictive maintenance solutions.
Fact.MR’s analysts impart intricate assessments on the automotive aftermarket size potential, major exemplars, and impact of mega trends across lucrative as well as emerging markets, worldwide. The relative lag in replacement rates in developed markets has prompted aftermarket participants to discern expansion potential in emerging economies such as Eastern Europe, China, and India.aterials
Bucket Trucks Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030
A recent study by Fact.MR on the bucket trucks market offers a 10-year forecast for 2020-2030. The study analyzes crucial trends that are currently...Read this insight
Vehicle Roadside Assistance Market Forecast, Trend, Analysis & Competition Tracking - Global Market Insights 2020 to 2030
A recent study by Fact.MR on the vehicle roadside assistance market offers a 7-year forecast from 2020 to 2027. The study analyzes crucial trends t...Read this insight
Motorcycle Accessories Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2026
Fact.MR analyzes the Motorcycle Accessories market in a new publication titled “Motorcycle Accessories Market Global Industry Analysi...Read this insight