Automotive Aftermarket set to boom over the next 10 years
Market research by P&S intelligence maintains that the global automotive aftermarket is expected to grow from $78.18 billion in 2019 to $145.07 billion by 2030.
The factors instigating this growth are:
- The rising number of vehicles,
- Escalating demand for electric vehicles in Africa, Latin America and the Middle East, and,
- Installation of connected aftermarket instruments.
The automotive aftermarket is the sector of the automotive industry, dealing with manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts and equipment, once the vehicle has been sold by the original equipment manufacturer (OEM) to the customer. The aftermarket includes parts for replacement, collision, styling, performance, telematics etc. The automotive aftermarket provides parts and consumables to professional garages and service and repair outlets, as well as the end user consumer. The aftermarket is an industry that keeps cars on the road and services both commercial outlets and end users allowing them to keep their vehicles maintained, serviced or customised.
The study is based on the sales of various aftermarket components such as engine parts, drive transmission & steering parts, suspension & braking parts, equipment, electrical parts, other miscellaneous parts (belts and panels, etc.), through online and offline distribution channel by original equipment supplier (OES), independent aftermarket repair shops, and retail stores.
The significant players serving the international automotive aftermarket are Robert Bosch GmbH, DENSO Corporation, Delphi Technologies PLC, Continental AG, ZF Friedrichshafen AG, Mando Corporation, Dana Inc., Knorr-Bremse AG, Valeo SA, Meritor Inc., Tenneco Inc., BorgWarner Inc., and HELLA GmbH & Co. KGaA.
Glen Callum Associates have full knowledge of the automotive aftermarket having recruited for most of the key players listed above, our recruiters also have an average of 20 years automotive aftermarket experience. This together with a substantial database of automotive professionals in all disciplines of the aftermarket vehicle sector is why we have been recruitment leaders in the sector for 21 years.
If you are a company within the Automotive Aftermarket or adjacent industry, then don’t hesitate to call our specialist recruiters to assist you to find the best staff for your organisation. Our team are well served to source the staff needed to assist with predicted market growth.
Call us on 01384 485274 or email jobs@glencallum.co.uk
For further information or to view the original research click on the link below:
https://www.psmarketresearch.com/market-analysis/automotive-aftermarket
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