Companies Mentioned The emergence of automatic car wash machine concept was mainly focused upon maximizing the revenues of car wash operators and earn them quick return on their investments along with achieving water sustainability. The traditional car wash models like the tunnel wash systems and in-bay automatics fetched them good revenues but the growths in deployments of these machines has been steadied in the last fiscal year. There has been consumer demand for quicker wash services and thus led to the emergence of express exterior car wash. Last fiscal year witnessed exponential growth in deployments of express exterior car wash machines at a numerous car wash locations.
The market is majorly driven by automobile drivers looking to enhance vehicle performance in terms of exhaust, sound, speed, and appearance, among other aspects. Environmental Protection Agency, monitor built-up standards and environmental impacts associated with automotive component functioning.
Noise emission levels associated with modern-day automotive resonators and mufflers in automotive exhaust systems is one such example. Digitalization of component delivery sales and services, along with advent of online portal distributing aftermarket components in association with global auto-part supplier groups, is expected to draw massive investments from key industry participants.
The online aftermarket presents high potential in Asia Pacific countries, especially with growing number of people inclined toward Internet-of-Things IoT. The value chain comprises two primary segments: Access to elaborate component assortment, coupled with simplicity of transactions delivered through digitalization of automotive component sales, is destined to resolve obtainability issues, thereby driving the automobile aftermarket industry.
Replacement Part Insights Based on replacement part type, the market includes tire, battery, brake parts, filters, body parts, lighting and electronic components, wheels, and exhaust components.
The tire segment emerged as dominant and this trend is likely to continue through on account of low replacement cycle of tires compared to other components. Suppliers of replacement parts in the automotive aftermarket comprise accessory suppliers, lubricants, tires suppliers, and others.
The industry value chain comprises service enablers such as repairing service providers and entertainment service providers. Rise in disposable proceeds of patrons in developing nations such as China and Brazil is expected to have a positive impact on the growth rate of the market.
Increasing demand for locomotives is projected to trigger demand for automobile component sales. Rigid regulatory standards pertaining to car safety are also anticipated to drive the market.
New production technologies, such as 3D printing of automotive parts, is being extensively deployed by major players in the industry to optimize production costs. The retailers segment is anticipated to dominate the market in terms of size by The wholesale and distribution segment, on the other hand, is slated to exhibit a stronger growth rate in terms of revenue from to Increasing influence of technological advancements is guiding the market toward digitalization.
The aftermarket is going digital, with parts and services being sold online. Usage of advanced technologies in auto parts fabrication, surge in passenger automobile production, and digitalization of auto repair and maintenance services are some of the factors expected to impel market growth over the forecast period.
Automobile manufacturers face certain constraints while carrying out manufacturing processes, production cost being one.
Aftermarket filters, however, offer the chance of choosing a muffler that suits the conditions in which a vehicle operates.By the year , India shall witness a boom in the small car segment with major car makers making their foray in India and India will have small cars from General Motors, VW, Fiat, Ford, Toyota, Honda, etc.
Top Hatchback Cars in India - Checkout the list of highest rated hatchbacks available in Indian market. Also get price, mileage, review, images and specification info for latest & upcoming. need to realign themselves as the market moves toward the next stage of evolution.
Automakers need to compact sedans and multi-utility vehicles (MUVs) gaining stronger ground CAGR of forecast used car to new car sales in India by , up from during The systems segment of automatic car wash machine market includes tunnel car wash, in-bay automatics and self-serve car wash systems.
A number of components form a car wash machine. The major components that constitute a car wash machine form the basis of its market based segmentation. • The market in India for automotive components is now worth around USD 45 billion, and has grown at pace with the booming market for cars and commercial vehicles • Forecasts indicate that the pace of growth will moderate somewhat, but remain double-digit at approximately 11%.
According to “India Passenger Car Market By Vehicle Type, By Segment Type, By Fuel Type, By Engine Capacity, Competition Forecast & Opportunities, ”, India passenger car market is projected to reach $ billion by , on the back of growing disposable income, rising urban population, launch of several low-cost car models, and Price: €