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Automotive Aftermarket

As the demand for automobiles soars across the globe it is actively fueling the emergence of the automotive aftermarket industry. The automotive aftermarket has become integral to automotive companies are these ensure aftersales services, which play an instrumental role in defining the brand value of the companies. This secondary market includes activities such as remanufacturing, installation of vehicles parts that maybe damaged, distribution, retailing, and refitting or additional fixture of accessories. Parts and accessories sold through the automotive aftermarket may not be necessarily produced by original equipment manufacturers (OEMs).

The automotive aftermarket is expected to surge in the coming years as disposable income will enable consumers to upgrade their vehicles and repair the wear and tear as well. Furthermore, the growing demand for second-hand vehicles is also projected bode well for the automotive aftermarket. Endeavors by automotive companies to retain their consumer bases through value-addition services will also translate into a push for the automotive aftermarket.