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ASEAN Automotive Aftermarket Is Predicted to Surpass US $48 Bn in Revenues by 2026
- Future Market Insights has announced the addition of the "Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment, 2016-2026" report to their offeringThis press release was orginally distributed by SBWireValley Cottage, NY -- (SBWIRE) -- 12/23/2016 -- In Future Market Insights' market report titled, "Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment, 2016-2026", poor road infrastructure and extended vehicle life have been identified as profitable factors for the growth of the automotive aftermarket in ASEAN.On account of growing out-of-warranty car parc, the US$ 19.3 Bn ASEAN automotive aftermarket is predicted to surpass US$ 48 Bn in revenues by 2026 end, increasing at a healthy CAGR of 9.6% through 2026.Key Trends Impacting the ASEAN Automotive AftermarketGrowing popularity of new, lightweight vehicle modelsAdvances in OEM technology and OEM globalisationAdoption of remote vehicle diagnostic systems, growing awareness about self-inflating tyres, and widespread acceptance of electric vehicle technologyRequest Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-as-661Online sales of automotive parts and accessoriesEstablishment of franchises in emerging countries, especially those where vehicle parc is steadily gaining tractionSegmentation Highlights: Tyres Will Remain Highest Selling Parts; Indonesia to Remain the Largest MarketBy type, tyres will continue to account for the largest revenue share.
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China Automotive Distribution and Aftermarket Report 2016-2020 - Research and Markets
- DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "China Automotive Distribution and Aftermarket Report, 2016-2020" report to their offering.Given fiercer competition, rising operating costs, huger inventory pressure and other factors, as well as the impact of the emerging e-business mode, the automotive distribution industry is facing an enormous challenge.In 2015, the number of 4S shops in China reduced by 920 year on year, and in the future the number will shrink further, while automotive e-business, automobile supermarkets and other multi-brand automotive business models will grow up.
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ASEAN Automotive Aftermarket to Surpass US$ 48 Bn by 2026-end: Study
- (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )Key Trends Impacting the ASEAN Automotive AftermarketGrowing popularity of new, lightweight vehicle modelsAdvances in OEM technology and OEM globalisationAdoption of remote vehicle diagnostic systems, growing awareness about self-inflating tyres, and widespread acceptance of electric vehicle technologyOnline sales of automotive parts and accessoriesEstablishment of franchises in emerging countries, especially those where vehicle parc is steadily gaining tractionRequest a Sample Report with Table of Contents: http://www.futuremarketinsights.com/reports/sample/rep-as-661Segmentation Highlights: Tyres Will Remain Highest Selling Parts; Indonesia to Remain the Largest MarketBy type, tyres will continue to account for the largest revenue share.In the accessories segment, the interior accessories segment - which includes steering wheels, seat covers, seat belts, liners, floor mats, liners, gauges, dash boards, and shift knobs - will reportedly hold a major share of over 66%, crossing a value of US$ 9.0 Bn by 2026 end.By service, general automotive repair is estimated at over 86% value share during the forecast period, maintaining dominance over automotive transmission repairs.
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