{"product_id":"u-s-automotive-aftermarket-insights-forecast-with-potential-impact-of-covid-19-2023-2027","title":"U.S. Automotive Aftermarket: Insights \u0026 Forecast with Potential Impact of COVID-19 (2023-2027)","description":"\u003cp\u003eU.S. Automotive Aftermarket: Insights \u0026amp; Forecast with Potential Impact of COVID-19 (2023-2027)\u003cbr\u003e\nThe U.S. automotive aftermarket is expected to record a value of US$479.25 billion in 2027, growing at a CAGR of 3.08%, for the duration spanning 2023-2027. The factors such as growth in automotive production, upsurge in used car sales, rising number of smartphone users, acceleration in electric vehicle sales and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by expansion of ride-sharing services and rise in aftermarket fraudulent. A few notable trends may include growth in average age of vehicles, expansion of automotive dealer on online platforms and launch of new \u0026amp; advanced car accessories.\u003c\/p\u003e \n\n\u003cp\u003eThe automotive aftermarket in the U.S. is growing enormously, due to the presence of well established automotive industry. The aftermarket in the automotive industry is comprised of the auto services and parts businesses. Favourable government policies, regulations, and subsidies in the U.S. are driving the demand for electric vehicles, leading to the increasing use of lightweight auto parts in the EV production to increase efficiency, which is likely to support the growth of the U.S. automotive aftermarket in coming years. \u003cbr\u003e\nKey players operating in the automotive aftermarket in the U.S. include 3M Company, Lear Corporation, AutoZone, O'Reilly Auto Parts, Advance Auto Parts and  Cooper Tire \u0026amp; Rubber Company. High competition in the market has encouraged key players to gain a competitive edge by focusing on offering high-quality products. With the increasing price competitiveness in the U.S. market, various companies are challenged to provide innovative offerings to help consumers address the changing technologies at an economical price, which is eventually aiding the market growth.\u003c\/p\u003e\n\n\u003cp\u003eScope of the report:\u003c\/p\u003e\n\n\u003cp\u003eThe report provides a comprehensive analysis of the U.S. automotive aftermarket.\u003cbr\u003e\nThe market dynamics such as growth drivers, market trends and challenges are analyzed in-depth. \u003cbr\u003e\nThe company profiles of leading players (3M Company, Lear Corporation, AutoZone, O'Reilly Auto Parts, Advance Auto Parts and  Cooper Tire \u0026amp; Rubber Company) are also presented in detail.\u003c\/p\u003e\n\n\u003cp\u003eKey Target Audience:\u003c\/p\u003e\n\n\u003cp\u003eAuto Parts \u0026amp; Components Manufacturers\u003cbr\u003e\nAuto Service Providers \u003cbr\u003e\nRaw Material Suppliers\u003cbr\u003e\nEnd Users (Automotive Industry, Ecommerce Industry, Business Entities and Consumers)\u003cbr\u003e\nInvestment Banks\u003cbr\u003e\nGovernment Bodies \u0026amp; Regulating Authorities\u003c\/p\u003e","brand":"Heavy Industry","offers":[{"title":"August, 2023 \/ 69 Pages \/ MCW16221463","offer_id":47631736635698,"sku":null,"price":1500.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/u-s-automotive-aftermarket-insights-forecast-with-potential-impact-of-covid-19-2023-2027","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}