TechNavio today launched its report Automotive Aftermarket in North America 2011“2015 based on an in-depth study focusing exclusively on North America. The report aims to aid decision makers™ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Automotive team said; Nowadays, vehicles are becoming more complex in terms of design, features and integration of electrical and mechanical products. This ever-increasing complexity has a positive impact on the demand for replacement parts as vehicle owners are not very capable of performing repairs on their own vehicles. Thus, the Automotive Aftermarket in North America is witnessing a shift from the “do-it-yourself” (DIY) approach to the “do-it-from-market” (DIFM) approach. The increasing shift to the DIFM approach is due to consumers’ increasing willingness to spend money on keeping aging vehicles on the road.
According to the report, the Automotive Aftermarket in North America is witnessing growing demand for good-quality spare parts. As a result of the increasing number of vehicles on the road and the lack of public transportation, the usage of personal vehicles has increased, consequently pushing the demand for automotive parts and accessories. The maintenance and servicing of older vehicles also contributes to the demand for good-quality parts. Furthermore, aggressive driving habits lead to faster wearing out of tires, which drives the aftermarket. All of these factors contribute to the growth of the Automotive Aftermarket in North America.
Further, the report also discusses that the extended life of automotive parts is a major threat to Aftermarket vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/automotive-aftermarket-north-america-2011-2015
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Report “ Automotive Aftermarket in North America 2011“2015
