Asia-Pacific Automotive Aftermarket Market is Expected to Grow from USD 182 Billion in 2017 at a CAGR of 6.4% by 2025
Asia-Pacific Automotive Aftermarket Market According to Goldstein Research, Asia-Pacific automotive aftermarket market is expected to grow from USD 182 billion in 2017 at a CAGR of 6.4% over the forecast period, 2017-2025. Increasing retail sales of automobiles in the region and the digital-driven products and services are majorly growth drivers for the market growth over the forecast period. Asia-Pacific Automotive aftermarket market segmentation has been done on the basis of aftermarket products and services type, end-users, distribution channel , and geography. Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 56% in the automotive aftermarket industry. On the other hand, services segment is the fastest growing segment which is likely to expand at a CAGR of +9% over the forecast period. Asia-Pacific Automotive aftermarket market is dominated by China with about 50% market share. On the other ...