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Automotive transmission parts segment is expected to register over 6% CAGR up to 2024. Increasing demand for highly fuel-efficient transmission systems with smoother transition of gears is leading to the development of automated manual transmission systems. The lower cost along with improved fuel efficiency of the AMT systems compared to traditional automatic transmissions play a significant role in the business growth over the projected timeline. For instance, in October 2015, Magneti Marelli, announced the construction of a manufacturing plant for producing AMT gearboxes in India for catering to the growing demand.Request a sample of this premium report at: https://www.marketstudyreport.com/request-a-sample/1549989/?utm_source=Marketersmedia.com-AN
Technological advancements in the e-commerce industry supported by tie-ups with automobile manufacturers are providing a positive outlook for the industry expansion. For instance, In May 2018, Amazon announced a partnership with Sears to install automotive aftermarket products bought from the online portal with its Ship-To-Store Integration feature.
China automotive aftermarket will grow significantly owing to increasing presence of online platforms to provide wide range of passenger car spare parts. Strategic collaboration between domestic and international vehicle manufacturers is expanding the market share till 2024. For instance, in July 2017, Renault announced a joint venture with Brilliance China Automotive Holdings Ltd (CBA) to expand its presence in the LCV segment across the country.
Industry participants are focusing on expanding their regional presence to cater to the growing consumer requirements. For instance, in 2018, Mahindra First Choice Services acquired key assets of Carnation Auto. This allowed the company to gain access to its network of 330 automotive workshops. Increasing focus on reducing logistics costs by increasing tie-ups with logistic channel providers will further boost the industry penetration till 2024.
Passenger vehicle segment dominated the Asia Pacific automotive aftermarket, accounting for over USD 79 billion in 2017. Shifting consumer preference towards upgrading existing cars with advanced technologies & replacing old components will further spur the automotive aftermarket industry growth till 2024. High disposable income and easier credit facilities will positively influence the passenger cars sales over the projected timeframe. As per OICA, in 2017, passenger vehicles contributed to over 75% of the automotive parc across the region.
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Key players in the Asia Pacific automotive aftermarket include Continental AG, Aisin Seiki Co Ltd, Denso, Robert Bosch GmbH, 3M Company, YAZAKI Corporation, Sumitomo Electric Industries, Ltd. and ZF Friedrichshafen AG. Technological advancements and product launches are among the key strategies observed in the industry. For instance, in 2018, Sumitomo Electric Industries launched a pedestrian detector featuring high accuracy in pedestrian detection in the aftermarket, as a step towards reducing traffic accidents.
Table of Content:
Chapter 1 Methodology & Scope
1.1 Research methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definitions & forecast parameters
1.2 Data Sources
1.2.1 Secondary sources
1.2.2 Primary sources
Chapter 2 Executive Summary
2.1 Asia Pacific automotive aftermarket industry 360 degree synopsis, 2013 - 2024
2.1.1 Business trends
2.1.2 Vehicle trends
2.1.3 Vehicle part trends
2.1.4 Sales outlet trends
2.1.5 Country trends
Chapter 3 Asia Pacific Automotive Aftermarket Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Parts Manufacturer
3.3.2 Distributors
3.3.3 Workshops
3.3.4 Distribution channel analysis
3.3.5 Profit margin trends
3.3.6 Vendor matrix
3.4 Technological & innovation landscape
3.5 Regulatory landscape
3.5.1 China
3.5.1.1 New regulatory framework on auto distribution and aftermarket
3.5.2 India
3.5.3 Japan
3.5.3.1 Japan Automotive Products Association (JAPA)
3.6 Global automotive industry overview,2017
3.7 Industry impact forces
3.8 Growth potential analysis, 2017
3.9 Porter's analysis
3.10.. Competitive landscape, 2017
Chapter 4 Asia Pacific Automotive Aftermarket, By Vehicle
Chapter 5 Asia Pacific Automotive Aftermarket, By Country
For More Details on this Report: https://www.marketstudyreport.com/reports/asia-pacific-automotive-after-market
Related Report: https://www.marketwatch.com/press-release/automotive-logistics-market-statistics-2019-2025-share-forecasts-trends-growth-drivers-2019-10-17
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