Automotive Garage Equipment Global Market Report 2023 – By Installation Type (Mobile, Fixed), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Type (Lifting Equipment, Body Shop Equipment, Wheel and Tire Service Equipment, Vehicle Diagnostic and Testing Equipment, Washing Equipment, Other Types), By Application (Automotive OEM Dealerships, Franchise Stores, Independent Garages) – Market Size, Trends, And Global Forecast 2023-2032

Automotive repair and maintenance refer to the service of repair, alteration, restoration, towing, painting, and cleaning of automobiles. Regular vehicle service and maintenance give huge dividends in fuel efficiency, increase safety, and longevity, enhance performance and reliability, and save on expensive repairs. The main types of automotive repair and maintenance are automotive mechanical and electrical repair and maintenance, automotive body, paint, interior, glass repair, and others. The automotive mechanical and electrical repair and maintenance sector is made up of businesses that specialize in transmission repair, electrical system repair, engine repair and maintenance, and exhaust system replacement. The different vehicle types include passenger cars, light commercial vehicles, heavy commercial vehicles, bikes & scooters and involves several service providers such as automotive dealership, franchise general repairs, specialty shops, locally owned repair shops/body shops, and others. The global automotive repair and maintenance market is segmented - 1) By Type: Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, Interior, and Glass Repair, Other Automotive Repair and Maintenance 2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, Bike & Scooter 3) By Service Providers: Automotive Dealership, Franchise General Repair, Specialty Shop, Locally Owned Repair Shops/Body Shop, Other Service Providers Subsegments Covered: General Automotive Repair, Automotive Exhaust System Repair, Automotive Transmission Repair, Other Automotive Mechanical and Electrical Repair and Maintenance, Automotive Body, Paint, and Interior Repair and Maintenance, Automotive Glass Replacement, Automotive Oil Change and Lubrication, Car Washes, All Other Automotive Repair and Maintenance The global automotive repair and maintenance market size will grow from $837.14 billion in 2022 to $912.88 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive repair and maintenance market is expected to grow to $1247.01 billion in 2027 at a CAGR of 8.1%. Automotive repair and maintenance service providers are increasingly installing diagnostic devices in customer vehicles to improve their service offerings. On-board diagnostics tools are being used to track vehicle conditions and identify potential problems by running diagnoses. For instance, Koovers, a car maintenance services provider, fits an onboard diagnostics tool for its registered customers. Its call center picks up the error reported by the tool and connects with the customer for required repair work. This enables garages to check for required parts for the car even before the car is brought in for service thus reducing wait time. Major companies in the automotive repair and maintenance market include LKQ Corporation, LeasePlan Corporation N.V., ADNOC, Monro Muffler Brake, Asbury Automotive Group Inc., Nippon Express Co., Ltd., Lookers PLC, Halfords, ComfortDelGro Corporation and A2B Australia Ltd. Automotive repair and maintenance services companies are increasingly using artificial intelligence-based automated vehicle inspection technology for vehicle inspection. Automated vehicle inspection systems capture pictures of the vehicle entering the cabin from multiple angles and upload them to the central computing system which then compares them with standards to identify deviations. The system generates a report with an overview of all the issues flagged in the car and the required actions needed to be taken. For instance, Scope technology, a US-based Tech Company, has developed an AI-automated vehicle inspection technology in collaboration with Microsoft’s Azure cloud computation. ProovStation, a French automobile maintenance service provider, implemented these systems in their service centers in France and North America. They use the technology to conduct a 360o scan of the vehicle, identify the damages such as scratches, dents, dirt, suspension, frame, brakes, and engine condition, and generate a report of the issues identified. The system generates a unique code and accounts for the vehicle with its chassis number for future service purposes. This entire visual inspection process is completed in less than 5 minutes and reduces costs by 50%. Western Europe was the largest region in the automotive repair and maintenance market in 2022. Asia-Pacific was the second-largest region in the automotive repair and maintenance market. The regions covered in the automotive repair and maintenance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the automotive repair and maintenance market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The automotive repair and maintenance market consists of revenues earned by entities that provide services for passenger automobiles, commercial vehicles, and motorcycles and bicycles. This market includes establishments such as general automotive repair, automotive exhaust system repair, automotive transmission repair, other automotive mechanical and electrical repair and maintenance, automotive glass replacement, and car washes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides automotive repair and maintenance market statistics, including automotive repair and maintenance industry global market size, regional shares, competitors with automotive repair and maintenance market share, detailed automotive repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the automotive repair and maintenance industry. This automotive repair and maintenance market research report deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Automotive collision repair refers to the process when a trained automotive technician fixes damages in cars and other vehicles that are caused by accidents, weather, and other incidents. Collision repair includes the removal of dents, scratches, and replacement of glass, paint, and others. The automotive collision repair is used for fixing the damaged parts and bodies of cars and other vehicles. The main types of automotive collision repair products are crash parts, paints and coatings, adhesives and sealants, abrasives, finishing compounds, and other products. The crash parts refer to alternative collision repair parts such as OEMs, aftermarket collision parts, salvage parts, and others. Crash parts are used for fixing and repairing vehicles after collisions. The various service channels available are DIY, DIFM, and OE which are serviced at authorized repair shops and independent garages. The automotive collision repair products and services are suitable for passenger vehicles, light commercial vehicles, and heavy commercial vehicles. The global automotive collision repair market is segmented - 1) By Product: Crash Parts, Paints and Coatings, Adhesives and Sealants, Abrasives, Finishing Compounds, Other Products 2) By Service Channel: DIY, DIFM, OE 3) By Automotive Component Shop: Authorized Repair Shops, Independent Garage 4) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles The global automotive collision repair market size will grow from $196.41 billion in 2022 to $206.35 billion in 2023 at a compound annual growth rate (CAGR) of 5.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive collision repair is expected to grow to $235.21 billion in 2027 at a CAGR of 3.3%. The rise in the number of subscriptions to automobile insurance is expected to propel the automotive collision repair market going forward. Automobile insurance refers to motor insurance that provides cover for loss or damage to the insured person’s vehicle such as cars, two-wheelers, or any other commercial vehicles. The rise in the number of subscriptions to automobile insurance compels automotive collision repair companies to come up with better services and products for their customers. For instance, according to an article by PolicyAdvice, an American website that provides insurance information in 2022 said that, 87% of US drivers have car insurance and the market has grown by 2.7% on an average over the past five years. Another report by Care, an Indian rating agency, in 2021 said that motor insurance is set to rise in 2022 and motor insurance premium is to grow by 6% to 8% in 2022. Therefore, an increase in the number of subscriptions to automobile insurance is expected to boost demand for automotive collision repair market during the forecast period. Major players in the automotive collision repair market are 3M, Automotive Technology Products LLC (ATP), Denso Corporation, Faurecia, International Automotive Components Group, Magna International Inc., Mann+Hummel Group, Martinrea International Inc., Mitsuba Corporation, Robert Bosch GmbH, Eastman Chemical Company, Huntsman Corporation, DRiV Incorporated, Huntsman Corporation, and DuPont de Nemours Inc. The utilization of 3D printing technology is a key trend in the automotive collision repair market. Many companies operating in the automotive collision repair market are using 3D printing tools and solutions to sustain their position in the market and to provide the best services for their customers. For instance, in January 2022, a collection of organizations from Germany and Canada launched a new consortium for automating the process of repairing parts using 3D printing and artificial intelligence. The new project is named Artificial Intelligence Enhancement of Process Sensing for Adaptive Laser Additive Manufacturing (AI-SLAM). In April 2022, 3M, an American multinational conglomerate acquired LeanTec Technology for an undisclosed amount. This acquisition provides 3M with a new hardware and software system that will ensure the availability of safe and reliable repairs and also streamlines the blueprinting and billing process and will allow 3M to deliver a more digital and connected body shop experience for their customers. 3M believes that with LeanTec Technology they can add new levels of data integration that will allow their body shops to gain more visibility and operational efficiency, and can provide a better customer experience. LeanTec Technology is a US-based provider of digital solutions for the automotive aftermarket. Western Europe was the largest region in the automotive collision repair market in 2022. Asia-Pacific is expected to be the fastest-growing region during the forecast period. The regions covered in the automotive collision repair market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive collision repair market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The automotive collision repair market includes revenues earned by entities by panel replacement, ding and scratch repair, glass repair and automotive frame repair. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive collision repair market research report is one of a series of new reports from The Business Research Company that provides automotive collision repair market statistics, including automotive collision repair industry global market size, regional shares, competitors with a automotive collision repair market share, detailed automotive collision repair market segments, market trends and opportunities, and any further data you may need to thrive in the automotive collision repair industry. This automotive collision repair market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, supply, retail, and installation of all vehicle parts, tools, machines, and accessories for light and heavy vehicles, after the sale of the automobile by the OEM (original equipment manufacturer). Aftermarket parts, also called generic parts or non-OEM parts, are made by a manufacturer other than the vehicle's original manufacturer. These parts perform the same function as the original part and can be utilized as a replacement for original parts during repair and maintenance. The main product types in the automotive aftermarket market are tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and turbochargers. These products are used in the maintenance and repair process of automobiles. By certification outlook, the main types of automotive aftermarket products are genuine parts, certified parts, and uncertified parts. Automotive aftermarket products are mainly used in passenger cars and commercial vehicles. These products are mainly sold through offline and online distribution channels. The global automotive aftermarket market is segmented – 1) By Types: Tire, Battery, Brake Parts, Filters, Body Parts, Lighting and Electronic Components, Wheels, Exhaust Components, Turbochargers 2) By Vehicle Type: Passenger Cars, Commercial Vehicles 3) By Certification Outlook: Genuine Parts, Certified Parts, Uncertified Parts 4) By Distribution Channels: Offline Distribution Channel, Online Distribution Channel The global automotive aftermarket market size will grow from $352.39 billion in 2022 to $411.81 billion in 2023 at a compound annual growth rate (CAGR) of 16.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of automotive aftermarket market is expected to grow to $727.99 billion in 2027 at a CAGR of 15.3%. Increasing sales of pre-owned and new vehicles are driving the automotive aftermarket market. For instance, as of 2021, consumers’ preference to purchase cars has almost reached pre-COVID-19 levels, mainly supported by demand in the United States and China, with new cars at 94% and used cars at 97% compared to pre-COVID-19 levels. In addition, there has been a significant increase in purchase intent for electric vehicles. So, the increasing preference for new and pre-owned vehicles is driving the demand for automotive aftermarket. Major players in the automotive aftermarket market are 3M Multinational conglomerate company, Continental AG, Delphi Automotive PLC, Federal-Mogul Corporation, COOPER TIRE & RUBBER COMPANY, Magneti Marelli S.p.A., Robert Bosch GmbH, Denso Corporation, ZF Friedrichshafen AG, AISIN SEIKI CO., LTD., Royal Dutch Shell PLC, Lear Corporation, Exide Technologies, Inc., Johnsons Controls Inc., and Goodyear Tire & Rubber Company. Technology advancement is a key trend gaining popularity in the automotive aftermarket market. Automotive aftermarket companies are increasingly using digital technologies and going online. For instance, in 2020, Continental, a technology company offering solutions to the automotive industry, introduced a online portal for the automotive aftermarket. It helps to easily identify the suitable spare parts from the range of offer by workshops and dealers. In 2021, Spiffy, a mobile car care, technology, and services company, announced a partnership with RepairPal, an auto repair network. With this partnership, Spiffy fleet customers can access independent auto repair shops in RepairPal’s network. RepairPal’s is a US-based company that offers car owners with free car repair estimation and relates them with reliable shops that accurate fair prices, quality parts. Asia-Pacific was the largest region in the automotive aftermarket market in 2022. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive aftermarket includes revenue earned by entities by vehicle parts, equipment, replacement tires, service repair, collision repair and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive aftermarket research report is one of a series of new reports from The Business Research Company that provides automotive aftermarket statistics, including automotive aftermarket industry global market size, regional shares, competitors with automotive aftermarket share, detailed automotive aftermarket segments, market trends and opportunities, and any further data you may need to thrive in the automotive aftermarket industry. This automotive aftermarket research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Parking lots refer to those agencies that provide areas for the temporary parking of automobiles against parking charges for a specified period of time. Parking garages refers to those agencies that run and operate secure establishments where people can park their motor vehicles against fee charged on a time basis. The main types of parking lots and garages are airport parking and garages, events and venues (stadiums for sporting events), healthcare parking, hospitality parking, municipal parking, office parking, university parking, retail parking, and residential parking. A parking garage at an airport is a structure where individuals can leave their cars. The different technologies include smart parking using IoT, and automation, and include various sites such as off-street, and streets. The global parking lots and garages market is segmented - 1) By Type: Airport Parking And Garages, Events And Venues (Stadiums For Sporting Events), Healthcare Parking, Hospitality Parking, Municipal Parking, Office Parking, University Parking, Retails Parking, Residential Parking 2) By Site: Off Street, On Street 3) By Technology: Smart Parking using IoT, Automation The global parking lots and garages market size will grow from $92.4 billion in 2022 to $94.46 billion in 2023 at a compound annual growth rate (CAGR) of 2.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global parking lots and garages is expected to grow to $100.69 billion in 2027 at a CAGR of 1.6%. The lack of sufficient parking due to rising motor vehicles use in developing economies is expected to drive the global parking lots and garages market. Market liberalization has caused a severe increase in transport, one of the important economic sectors, and its operational efficiency, which in turn has led to increased stagnant traffic in cities. For instance, in India, the average volume of traffic related to parking during peak times can reach 30%–50% of total traffic according to a research study published by the Journal of Traffic and Transportation Engineering. Commuters in Indian cities spend over 80 hours a year looking for parking spaces due to the lack of parking spaces in Indian cities amid a growing population of vehicles. The imbalance between parking supply and parking demand due to the increasing use of vehicles in developing economies is driving the growth of the parking lots and garages market. Major players in the parking lots and garages market include SP Plus Corporation, LAZ Parking Ltd. LLC., ABM Industries Inc., Ace Parking Management Inc., Diamond Parking, Lanier Parking, TPS Parking, Impark, Indigo, Park24, and Wilson Parking. Expensive parking spaces are expected to hinder the global parking lots and garages market. For instance, according to Parkopedia’s global parking index 2022, the average regular parking cost for 2-hour off-street parking in New York charges $43.10 per 2-hour off-street parking, which most expensive city for daily off-street parking ($52.65 average), and Amsterdam charges $13.31 for 2-hour on-street parking. In Australia, an average 2-hour off-street parking cost is $19.12 and daily off-street parking is $34.42. Motorists often get frustrated due to the expensive parking cost as most of the time they end up paying for the time they do not use. Also, the small parking spaces and poor parking services add to their irritation. To cut parking prices and other issues associated with it, people try to avoid using personal vehicles, wind up their work in a short time that hampers their daily work targets, or decide to park elsewhere risking the safety of their vehicle. The wireless smart parking sensor for detecting parking space occupancy is an emerging trend in the global parking lots and garages market. The Parking Lot Sensor (PLS) senses and records the occupancy of parking spaces, allowing active parking lots management functionality such as search, navigation, and reservation. The sensors help in the effective management of parking spaces in cities. For instance, BOSCH recently launched a parking lot sensor that utilizes the LoRaWAN protocol for wireless communication. This sensor helps in guided and regulated parking, which removes traffic limitations. In September 2022, Premium Parking acquired Allpro Parking, a US-based parking management company for an undisclosed amount. Through this acquisition, Premium Parking would expand its presence across the Midwest and Northeast, in order to create the largest network of entrepreneur-led parking. Allpro Parking provides first-class valet parking services for medical facilities, hotels, and special events. Among its specialties are surface and structured parking management, health care system parking management, airport and commuter rail, transportation services, and special event parking. Introduction to online fundraising is gaining popularity in the voluntary health organizations market. Major players operating in the industry are highly focused on introducing digital philanthropy which is widely favorable among donors (and the non-profits they support). For instance, according to fundraising statistics in 2021, 60% of millennials give an average of $481 to NGOs, while online donations accounted for 14.1% of all gifts received by nonprofits. In 2020, online giving is expected to increase by 21%. Facebook fundraisers accounted for 1.3% of all online earnings for nonprofits. In 2020, revenue from Facebook Fundraisers increased by 14%. In August 2020, Cone Health, a not-for-profit healthcare network serving people in Alamance, Forsyth, Guilford, Randolph, Rockingham, and surrounding counties, planned to merge with Sentara Healthcare. With the merger of Sentara Healthcare, Cone Health plans to create a combined organization with a unique value-based approach that is focused on keeping people healthy and well, while providing high-quality, accessible, and affordable health care in more ways and more places. Sentara Healthcare is a US-based not-for-profit health system company operating in North Carolina and Virginia, with 12 hospitals, outpatient care centers, imaging centers, and more. North America was the largest region in the parking lots and garages market in 2022. Asia-Pacific was the second largest region in the global parking lots and garages market share. The regions covered in the global parking lots and garages market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the parking lots and garages market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The parking lots and garages market consists of revenues earned by entities that are engaged in providing temporary parking services for motor vehicles, usually on an hourly, daily, or monthly basis. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The parking lots and garages market research report is one of a series of new reports from The Business Research Company that provides parking lots and garages market statistics, including parking lots and garages industry global market size, regional shares, competitors with a parking lots and garages market share, detailed parking lots and garages market segments, market trends and opportunities, and any further data you may need to thrive in the parking lots and garages industry. This parking lots and garages market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive wheel aftermarket is used to replace damaged parts in automobiles and other equipment. Aftermarket parts refer to replacement parts that are not manufactured by the original equipment manufacturer. These are manufactured by a third party for every type of vehicle. These aftermarket parts are low in cost when compared to the original parts. The main types of automotive wheels aftermarkets are new wheel replacement and refurbished wheel fitment. The new wheel replacement market is involved in the replacement of damaged wheels with new aftermarket wheels. These are wheels that are exact replicas of the wheels that are made by independent manufacturers and made to fit multiple vehicles. The various materials used are alloys, steel and others. The various types of liquid coatings are liquid coatings and powdered coatings that are used in different vehicle types, including passenger cars, lightweight commercial vehicles, heavy trucks, buses and coaches, and trailers. It is distributed through several channels, such as retail, wholesalers, and distributors. The global automotive wheel aftermarket market is segmented - 1) By Aftermarket Type: New Wheel Replacement, Refurbished Wheel Fitment 2) By Material Type: Alloy, Steel, Other Materials 3) By Coating Type: Liquid Coating, Powdered Coating 4) By Vehicle: Passenger Cars, Lightweight Commercial Vehicles, Heavy Trucks, Buses and Coaches, Trailers 5) By Distribution Channel: Retail, Wholesalers and Distributors The global automotive wheel aftermarket market size will grow from $4.62 billion in 2022 to $4.93 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive wheel aftermarket is expected to grow to $6.12 billion in 2027 at a CAGR of 5.6%. Increasing sales of passenger cars are expected to propel the growth of the automotive wheel aftermarket market going forward. Cars are four-wheeled vehicles used for transportation. Aftermarket wheels are available for a wide range of vehicles and are less expensive. They are in high demand for automobiles and are used as replacement wheels more frequently in cars. For instance, according to the Federation of Automobile Dealers Associations (FADA), an India-based apex national body of the automobile retail industry, for the year 2021, passenger car sales increased annually by 39%, that is, from 1,82,651 units in 2020 to 2,53,363 units in 2021 India. In addition, commercial vehicle sales increased 98% annually, from 26,851 units in 2020 to 53,150 units in 2021. Therefore, the increasing sales of passenger cars are driving the growth of the automotive wheel aftermarket market. Major players in the automotive wheel aftermarket market are Konig Wheels, Ronal AG, Beyern Wheels Company, Enkei Corporation, Maxion Wheels U.S.A. LLC, AEZ Leichtmetallräder GmbH, Superior Industries Inc., TSW Alloy Wheels, BBS Kraftfahrzeugtechnik AG, Philippine Aluminum Wheels Inc., Anhui Xingda Auto Parts Technology Co Ltd., Lenso Wheels, MSW Wheels, and Zhejiang Jinxuan International Trade Co Ltd. New product innovations have emerged as the key trend gaining popularity in the automotive wheel aftermarket market. Major companies in the automotive aftermarket sector are focused on introducing advanced products to increase their market coverage. For instance, in September 2021, Borbet, a Germany-based company that manufactures light alloy wheels, launched new rims with a unique CWZ design that contains five double-spoke designs. It is suitable for vehicles with wheel loads of up to 1,250 kilograms. Vehicles such as VW Crafter, Amarok, T5 and T6, and Mercedes V-Class are suitable for this type of rim. These are durable and can run for a long period of time. In August 2020, Wheel Pros, a US-based manufacturer of automotive aftermarket wheels and accessories, acquired Borbet GmbH for a deal amount of $3.35 billion. This acquisition helps Wheel Pros in the manufacturing of new model light-alloy wheels and wheel rims and also helps to expand its business all over Germany. Borbet GmbH is a German-based company that manufactures light-alloy wheels. North America was the largest region in the automotive wheel aftermarket market in 2022. The regions covered in the automotive wheel aftermarket market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the automotive wheel aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive wheel aftermarket market includes revenue earned by entities by automotive wheel made of aluminum and carbon fiber. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive wheel aftermarket market research report is one of a series of new reports from The Business Research Company that provides automotive wheel aftermarket market statistics, including automotive wheel aftermarket industry global market size, regional shares, competitors with an automotive wheel aftermarket market share, detailed automotive wheel aftermarket market segments, market trends and opportunities, and any further data you may need to thrive in the automotive wheel aftermarket industry. This automotive wheel aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

E-Commerce automotive, also known as automotive electronic commerce, refers to the buying and selling of replacement parts, accessories, and equipment used to maintain or improve the original product of an automobile over the internet. This is used to offer online marketing and sales of all vehicle spare parts through public websites. The main types of e-commerce automotive aftermarkets are B2C and B2B. The business-to-customer (B2C) market refers to the retail model in which goods or services are sold directly from a business to the end user who has purchased the goods or services for personal use. The different components include engine parts, drive transmission and steering parts, suspension and braking parts, equipment, electrical parts and others and involve various types of channels such as third-party retailers and direct to customer. The global e commerce automotive aftermarket market is segmented – 1) By Type: B2C, B2B 2) By Component: Engine Parts, Drive Transmission And Steering Parts, Suspension And Braking Parts, Equipment, Electrical Parts, Other Components 3) By Channel: Third-Party Retailer, Direct To Consumer The global e-commerce automotive aftermarket market size will grow from $71 billion in 2022 to $85.28 billion in 2023 at a compound annual growth rate (CAGR) of 20.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of e-commerce automotive aftermarket market is expected to grow to $165.74 billion in 2027 at a CAGR of 18.1%. An increase in e-commerce is expected to contribute to the growth of the e-commerce automotive aftermarket going forward. E-commerce refers to the electronic buying and selling of goods over the internet. E-commerce is useful in the sales of automotive aftermarket products online as it offers convenience, ease of purchase, and home delivery of products. For instance, according to the United Nations Conference on Trade and Development, a body of the United Nations Secretariat, global e-commerce sales jumped to $26.7 trillion in 2019, and online retail sales of commodities increased from 16% in 2019 to 19% in 2020. Therefore, the increase in e-commerce is driving the growth of the e-commerce automotive aftermarket. Major players in the e-commerce automotive aftermarket are Robert Bosch GmbH, Amazon.com Inc., Meritor Inc., eBay Inc., Genuine Parts Co. Inc., AutoZone Inc., CarParts.com Inc., Advance Auto Parts, Buyautoparts LLC, Alibaba Group, Denso Corporation, O'Reilly Automotive, 3M Company, Continental AG, Federal-Mogul Corporation, and National Automotive Parts Association. New product innovations have emerged as a key trend gaining popularity in the e-commerce automotive aftermarket. Major companies operating in the automotive sector are focused on developing various new products such as online web portal solutions to strengthen their position in the market. For instance, in January 2020, Continental, a Germany-based technology and manufacturing company, launched an online web portal for the automotive aftermarket which facilitates the selection of appropriate spare parts from the inventory of workshops and dealers. This online web portal unites all brands and products, allowing dealers and workshops to easily identify the right spare part for their vehicle from the selection available. For the first time, Continental is offering a free, complete online catalog that combines all brands and goods for the first time. Thanks to this, dealers and workshops will be able to quickly select the appropriate spare component from the available selection. Additionally, instructional and product films are accessible, and it is simple and quick to locate the appropriate contact person for a given product category. In February 2022, Bosch, a Germany-based engineering and technology company, acquired a 26% stake in Autozilla Solutions for an undisclosed amount. This acquisition aimed to expand the digital B2B marketplace for independent aftermarkets in India. Autozilla Solutions is an India-based online car spare parts marketplace. Asia-Pacific was the region region in the e-commerce automotive aftermarket in 2022. The regions covered in the e-commerce automotive aftermarket report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the e-commerce automotive aftermarket report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The e-commerce automotive market includes revenues earned by entities by removing geographical restrictions and enabling sales in locations that can be difficult to reach with conventional models. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The e-commerce automotive aftermarket research report is one of a series of new reports from The Business Research Company that provides E-Commerce automotive aftermarket statistics, including E-Commerce automotive aftermarket industry global market size, regional shares, competitors with an E-Commerce automotive aftermarket share, detailed E-Commerce automotive aftermarket segments, market trends and opportunities, and any further data you may need to thrive in the E-Commerce automotive aftermarket industry. This e-commerce automotive aftermarket research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

An automotive fuse is defined as an electrical component used in automobiles that protects other components, electronics, and cables from damage caused by excessive current flow. All fuses have a rating which refers to the maximum amount of amperage/voltage that the fuse can handle before it fails. The main types of the automotive fuse by fuse type include blade, glass tube, semiconductor, and others. Blade fuses are used in cars built today while fuses have a plastic body with two metal prongs. Glass tubes are used in an assortment of vehicles and accessory applications. Semiconductor fuses are used in limiting current. By voltage, automotive fuses are segmented into 12 and 24V, 24-48V, 49-150V, 151-300V, and >300V. By application, automotive fuses are segmented into auxiliary fuse, charge inlet fuse, battery fuse, and engine fuse. Automotive fuses are mainly used in passenger cars and commercial vehicles and sold through OEM and aftermarket sales channels. The global automotive fuse market is segmented - 1) By Vehicle Type: Passenger Car, Commercial Vehicle 2) By Fuse Type: Blade, Glass Tube, Semiconductor, Other Types 3) By Application: Auxiliary Fuse, Charge Inlet Fuse, Battery Fuse, Engine Fuse, Other Applications 4) By Sales Channel: OEM, Aftermarket 5) By Voltage: 12 and 24 V, 24–48 V, 49–150 V, 151–300 V, >300 V The global automotive fuse market size grew from $17.15 billion in 2022 to $18.21 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the automotive fuse is expected to grow to $23.17 billion in 2027 at a CAGR of 6.2%. The growing need for electronic components in the automobile industry is expected to drive the growth of the automotive fuse market over the coming years. With the growth of technology, there is an increase in the implementation of new electronics in automobiles. New technologies such as autonomous technology, self-driving systems, and the onboard computer that controls a wide range of functions like vehicle temperature, GPS, and even exhaust emission, require a lot of new electrical equipment to work. For instance, according to Roland Berger’s study published in January 2020, Electronic modules for a typical premium vehicle cost $3,145. According to the analysis, the cost of a semi-autonomous, electric automobile will more than double to $7,030 by 2025. Therefore, the growing need for electronic components in the automobile industry is driving the growth of the automotive fuse market. Major players in the automotive fuse market are Eaton Corporation, Littelfuse, MERSEN S.A., SCHURTER Inc., SIBA, Sensata Technologies, Carling Technologies Inc., Mouser Electronics, OptiFuse, AEM, Blue Sea Systems, GLOSO TECH Inc., ON Semiconductor, Fuzetec Technology Co. Ltd., Pacific Engineering Corporation, Dongguan Better Electronics Tech. Co. Ltd., Anixter, and NTE Electronics Inc. Improved quality and development of fully insulated chips are providing an opportunity to expand the use of automotive fuses. This can be attributed to the fact that better quality fully insulated chips will be more powerful and energy-efficient which implies a wider user base. For instance, in September 2022, Novosense Microelectronics Co Ltd., a China-based manufactures and sells integrated sensor chips, isolation and interface chip, launched a collection of automotive-qualified chips NOVOSENSE automotive-qualified LDO NSR31/33/35 family chips are specifically developed for use in systems powered by vehicle batteries. They are excellent for automotive applications requiring high standby power consumption due to their ultra-low static power consumption of 5uA and low drop-out voltage. In May 2021, Mersen, a French international company that operates within two key business segments: Advanced Materials and Electrical Power acquired Fusetech, a market-leading fuse manufacturer. Due to this acquisition Mersen aims to ramp up fuse production as well as integrate a high-performance location to manufacture its next goods. Fusetech was a 50:50 joint venture between Mersen and Hager before the takeover. Asia-Pacific was the largest region in the automotive fuse market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive fuse market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive fuse market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive fuse market consists of sales of glass tubes, blades, semiconductors, and other automotive fuses. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive fuse market research report is one of a series of new reports from The Business Research Company that provides automotive fuse market statistics, including automotive fuse industry global market size, regional shares, competitors with an automotive fuse market share, detailed automotive fuse market segments, market trends and opportunities, and any further data you may need to thrive in the automotive fuse industry. This automotive fuse market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive cables are defined as flexibles used for data transmission and electrical connections in automobiles that are made of aluminum alloy to reduce the weight of the cables in an automobile. Automotive cables are used in lighting, in instrumental panel circuits in automobiles. Automotive cables are used as battery cables, multimedia, coaxial cables, multi-core screened cables, and sheathed ABS Sensor cables. The main product types of automotive cables are copper core, aluminum core, and others. A copper core cable is a collection of two or more copper wires wrapped in a single sheath or jacket. Automotive cables are sold through direct channels and distribution sales channels. The various applications include automotive primary wire and battery cable, brake cable, trailer cable, car speaker wire, and fusible link wire. The global automotive cables market is segmented - 1) By Product Type: Copper Core, Aluminum Core, Other Product Types 2) By Sales Channel: Direct Channel, Distribution Channel 3) By Application: Automotive Primary Wire and Battery Cable, Brake Cable, Trailer Cable, Car Speaker Wire, Fusible Link Wire The global automotive cables market size will grow from $5.4 billion in 2022 to $5.75 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global automotive cables is expected to grow to $7.51 billion in 2027 at a CAGR of 6.9%. The increasing demand for automobiles promotes the growth of the automotive cables market. Automotive cables are used in automobiles for starting, charging, lighting, signaling, and in instrument panel circuits. For instance, battery cables in automotive are used to connect the battery to the car’s electrical system. The increasing demand for automotive will require automotive companies to increase their production and in turn, increase the demand for automotive cables. According to the October 2022 report by the Indian Brand Equity Foundation ( IBEF), an India-based government agency for providing economic information, the total number of passenger vehicles including three-wheelers, two-wheelers, and quadricycles produced in June 2022 was 2,081,148 units. Additionally, the market for passenger cars in India was estimated at US$ 32.70 billion in 2021, and by 2027, it is anticipated to have grown to US$ 54.84 billion, with a CAGR of 9%. Thus, the growth of the automotive cables market is positively impacted by the increase in the demand for automobiles. Major players in the automotive cables market are Sumitomo Corporation, Coficab Tunisie SA, Leoni, Delphi Automotive PLC., General Cable, Furukawa Electric, Lear Corporation, Coficab Group, Yazaki Corporation, and Allied Wire & Cable Inc. The growth of the automotive cables market is hindered by the growing availability of counterfeit auto parts including automotive cables. Cheap counterfeited cables are responsible for major revenue loss for authentic cable manufacturers. Apart from being priced low, these cables also increase the risk of accidents because of their low quality. The availability of counterfeited cables forces genuine manufacturers to spend heavy amounts to stop the sale of counterfeited products. According to the Federation of Indian Chambers of Commerce and Industry report, about 20% of all road accidents in India are attributed to counterfeit automotive parts with Rs 2,200 crore revenue being lost by the government due to these counterfeit products. Thus, the availability of counterfeit auto parts hampers the growth of the automotive cables market. The companies in the automotive cables market are investing in the substitution of copper with aluminum in battery cables to save manufacturing costs and reduce weight. Aluminum used is one-third the weight of copper and is less expensive than copper. The replacement holds no significant difference in the performance of the cable. Following the trend in October 2021, Toyota Boshoku Corporation, a Japan-based automotive component manufacturer, adopted the use of aluminum electrical wire to reduce the weight of automobiles and enhance their environmental performance. In April 2022, Suprajit Engineering, an India-based mechanical cable and halogen bulb manufacturer acquired Kongsberg Automotive ASA for a deal of $ 42 million. Through this acquisition, Suprojit Engineering aims to strengthen its Light Duty Cable (LDC) business unit and to gain a competitive advantage. Kongsberg Automotive ASA is a Norway-based automotive part manufacturer. Asia-Pacific was the largest region in the global automotive cables market in 2022. The regions covered in the global aircraft cables market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the aircraft cables market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The automotive cables market consists of sales of copper-core automotive cables, aluminum-core automotive cables, and other automotive cables. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The automotive cables market research report is one of a series of new reports from The Business Research Company that provides automotive cables market statistics, including automotive cables industry global market size, regional shares, competitors with an automotive cables market share, detailed automotive cables market segments, market trends and opportunities, and any further data you may need to thrive in the automotive cables industry. This automotive cables market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.