Rising Commodity Prices Will Increase Global Automotive Market Value But Could Squeeze Margins
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c43216) has announced the addition of the new report from Datamonitor “Five Factors That Will Shape the Future of the Global Automotive Aftermarket” to their offering.
The global aftermarket is forecast to show continued growth over the next few years. However the pattern of expansion will be uneven, with strong growth in the developing markets countering more modest growth in the developed markets. This brief assesses the factors behind the development of the sector, and the implications for market participants.
Scope of this title:
The brief assesses the value of the global aftermarket and changing patterns of expenditure.
What are the five key trends that will drive the market? What can participants do now to improve their chances of success?
Highlights of this title:
The global aftermarket is a huge sector - worth over EUR600 billion in 2005 and forecast to show continued growth over the coming years. However the pattern of expansion will be uneven, with strong growth in the developing markets of Asia, Eastern Europe and the Middle East / Africa countering more modest growth in the developed markets.
To be successful, market players will have to work with five key underlying trends - uneven levels of car park growth by geographic region, the trend towards better quality OE and replacement parts, rising commodity prices, the trend towards remanufactured products and continued merger and acquisition activity.
Reasons to order your copy:
- Identify the trends that will affect your company, and how you can take action in order to either protect yourself or fully reap the benefits.
- Understand the value of the global aftermarket, by region, and how this is predicted to change in the next few years.
Analysis:
Global aftermarket sales will continue to increase
Growth disparities by region highlights importance of developing markets
Uneven patterns of car park growth will change the relative importance of developed and developing markets
Car park growth varies significantly depending on region and market maturity
Car park growth will have a positive impact on aftermarket spend, but its effect will be mixed
Trends towards better quality and more technical products will have a negative impact on volume growth
Product quality improvements have a negative impact on volume, a positive impact on price
Impact on the "Do it for me" trend
Rising commodity prices will increase market value but could squeeze margins
Commodity price rises feed through to average aftermarket prices
Consequences at the retail level
Trend towards remanufactured products will require manufacturers to develop new skills
Conflicting trends in the market for pre-used car parts
Market dynamics for re-manufactured parts are positive
Continued merger and acquisition activity will make competition more aggressive
For more information visit http://www.researchandmarkets.com/reports/c43216
Source: Datamonitor