Global Passenger Cars After Market Report 2022 – Market Forecast, Trends And Strategies

The global passenger car aftermarket market size is expected to grow from $216.18 billion in 2021 to $226.33 billion in 2022 at a compound annual growth rate (CAGR) of 4.7%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The passenger car aftermarket market is expected to reach $289.37 billion in 2026 at a CAGR of 5.3%.

What is the Global Passenger Cars After Market?

The passenger car aftermarket market consists of sales of passenger car aftermarket parts and services. Companies operating in the passenger car aftermarket (parts and services) provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement vehicle parts, equipment, service repair, and automotive accessories. The market includes the sales of the tires, batteries, brakes parts, filters, lightings, and electronic components.

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What drives the Global Passenger Cars After Market?

Increasing average lifespan of a car is one of the major drivers of the passenger car aftermarket as it leads to an increase in consumer’s regular maintenance and scheduled servicing of the vehicle. The lifespan of the car describes the maximum service life in terms of mileage and time. Changing of wheels, batteries, spark plugs, air filters plays a significant role in prolonging the life of a vehicle.

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Global Passenger Cars After Market Segments
The global passenger cars after market is segmented:
By Type: Tires, Battery, Brake Parts, Filters, Body Parts, Lighting, Wheels, Exhaust Components, Turbochargers, Others
By Distribution Channel: Retailers (OEMs, Repair Shops), Wholesalers and Distributors
By Certifications: Genuine Parts, Certified Parts, Uncertified Parts
By Geography: The regions covered in the passenger cars after market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Passenger Cars After Global Market Report 2022provides market size and growth forecasts for the global passenger cars after market, global passenger cars after market share, passenger cars after market segments and geographies, passenger cars after market competitive landscape including leading competitors’ revenues, profiles and market shares. The passenger cars after market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Passenger Cars After Industry Playersinclude Denso Corporation, Robert Bosch Gmbh, Continental AG, 3M company, Delphi Automotive PLC., ZF friedrichshafen AG, Magneti Marelli S.p.A, Cooper tire & Rubber Company, Federal -Mogul Corporation, Goodyear tire & rubber company, Aisin Seiki Co, Valeo; Sumitomo Electric Industries Ltd, Aptiv PLC, MAHLE GmbH, Schaeffler AG, ACDelco, Mobileye, Eaton, Schaeffler Technologies AG, Lear Corporation, Yazaki Corp, Akebono Brake Corporation, American Axle & Manufacturing, Bridgestone Corporation, Gates Corporation, Hyundai Mobis Co. Ltd, Kumho Tires, Exide Technologies and Pirelli & C. S.p.A. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.