Car aftersales products and services are manufactured and used by major manufacturers as a replacement for spare parts. Consumers prefer to inspect their car at various time intervals so that defects do not cause accidents. Car aftersales service market encompass a wide range of products and services ranging from oil change to decorations. It is predicted that with the increasing number of personal cars and surplus income in some countries, the car aftersales market will witness growth in the forecast period.
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Market / Industry segment of after market
|Base Year||Market size(B$)||Duration(YEAR)||CAGR(%)||Source Name|
Influencing factors that changes market size of after market
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of after-market
- Increasing number of cars
- Average vehicle life
- Increase in accidents
- High cost of services
- Non-standard roads
This market may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. After-market may also be threatened by the following risks:
- Legislation risk
- Manufacturing risk
- Technology risk
- Competition risk