The growth of automobile after-sales service, the strict regulations of the government on the replacement or upgrading of automobile parts and the surge of automobile customization trend have promoted the growth of the global automobile after-sales market. However, the surge in demand for shared mobile solutions and fluctuations in raw material prices have suppressed market growth. On the other hand, the rise of the e-commerce industry and the surge in demand for technologically advanced functions have brought new opportunities for the next few years.
The global automotive after-sales market created us $438.7 billion in 2021 and is expected to reach US $828.2 billion by 2031, with a CAGR of 6.2% from 2022 to 2031.
Post time: Aug-19-2022