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.