Global Automotive Aftermarket Market
Aftermarket is a sector of the automotive business that sells aftermarket parts, accessories, and services. The automotive aftermarket is the car industry's secondary market, which encompasses the installation of all vehicle parts, accessories, equipment, and paintwork after the original equipment manufacturers have sold the products to customers (OEMs). In 2020, global exports of automobile parts and accessories from all nations reached $339.8 billion. The growing demand for autos in emerging markets is expected to boost industry growth. Due to numerous environmental requirements, technological advancements and the adoption of various eco-friendly practices in vehicle production are expected to increase demand for alternative automotive parts.
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