ASEAN AUTOMOTIVE AFTERMARKET SIZE, TRENDS, SHARES, INSIGHTS AND FORECAST - 2027 ANALYSIS
The automotive aftermarket is the automotive industryu2019s after-sale market. The aftermarket includes equipment, replacement tires, service repair, collision, repair and accessories, etc. Furthermore, the aftermarket includes companies in manufacturing, remanufacturing, retailing, distribution, and installation of replacement vehicle parts, automotive accessories, service repair, and equipment. Vehicle parts and accessories may or may not be manufactured by the original equipment manufacturer. There are interior and exterior accessories including audio/video devices, steering wheels, parking brake handles, shift boots, grills, headlight covers, front & rear guards, mirrors, etc. Consumers can repair their vehicles on their own with the DIY segments or can take the vehicle to professional repair facilities. The ASEAN automotive aftermarket was accounted for US$ 25,250.2 Mn in 2019 is expected to exhibit a CAGR of 9.7% during the forecast period.
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