Automotive Aftermarket Size Is Projected To Reach USD 529.25 Billion By 2028
San Francisco, 10 May 2021: The Report Automotive Aftermarket Size, Share & Trends Analysis Report By Replacement Parts (Tire, Battery, Brake parts, Filters), By Distribution Channel, By Service Channel, By Certification, And Segment Forecasts, 2021 - 2028 The global automotive aftermarket is expected to reach USD 529.25 billion by 2028, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 3.8% from 2021 to 2028. Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, electric vehicles, and hybrid and autonomous cars in the years to come is further expected to bolster the demand for new components. Furthermore, the increasing vehicle penetration is driven by the overall improvement of lifestyle in developing countries, such as India and Bra