October 21, 2020

U.S. Automotive Battery Aftermarket to be Valued at $4.2 Billion By 2025, Based on Increasing Demand For Electric Vehicle

(MENAFN – GetNews) According to new report available with Million Insights, the United States automotive battery aftermarket industry research report offers complete analysis of growth driver, distribution channel, competitive landscape and scope. This enables numerous opportunities for the market players to invest in research and development.

The U.S. automotive battery aftermarket size is estimated to reach USD 4.2 billion, by 2025, and is projected to grow at a CAGR of 1.4% from 2018 to 2025, according to a new report by Million Insights. The increasing demand for electric vehicle is expected to be a key factor fostering growth of the market.

Growing trend of hybrid electric vehicle (HEV) along with increasing number of charging points is projected to bode well in the market growth during the forecast period in the report. Low running cost associated with electric vehicle when compared with conventional vehicles is boosting the growth of batteries. Additionally,

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U.S. Automotive Battery Aftermarket to be Valued at $4.2 Billion By 2025, Based on Increasing Demand For Electric Vehicle | Million Insights

“Million Insights – World’s Fastest Growing Market Research Database”

According to new report available with Million Insights, the United States automotive battery aftermarket industry research report offers complete analysis of growth driver, distribution channel, competitive landscape and scope. This enables numerous opportunities for the market players to invest in research and development.

The U.S. automotive battery aftermarket size is estimated to reach USD 4.2 billion, by 2025, and is projected to grow at a CAGR of 1.4% from 2018 to 2025, according to a new report by Million Insights. The increasing demand for electric vehicle is expected to be a key factor fostering growth of the market.

Growing trend of hybrid electric vehicle (HEV) along with increasing number of charging points is projected to bode well in the market growth during the forecast period in the report. Low running cost associated with electric vehicle when compared with conventional vehicles is

Read More

World Automotive Filters Aftermarket Analysis 2020-2025 and the Impact of COVID-19

DUBLIN, Sept. 29, 2020 /PRNewswire/ — The “Automotive Filters Market by Filter Type (Air, Fuel, Oil, Cabin, Coolant, Brake Dust, Oil Separator, Transmission, Steering, Dryer Cartridge, EMI/EMC, Coolant Particle), Air & Cabin Filter Media, Fuel & Vehicle Type, Aftermarket – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

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Factors contributing to the growth of automotive filters market can be attributed to stringent emission and fuel economy regulations. Moreover, advancement in filtering technology enabling more efficient filtration of cabin air will increase the demand for automotive filters in the coming years.

With progression in time, the COVID-19 impact has severely disrupted the supply chain for the entire automotive ecosystem. This has halted production facilities across the globe resulting in a disruption in the exports of the automotive components. This scenario is expected to affect automotive filters market, as the growth of the market

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Automotive ADAS Aftermarket- Roadmap for Recovery from COVID-19 | Growing Emphasis on Automotive Safety to Boost Market Growth

Technavio has been monitoring the automotive ADAS aftermarket and it is poised to grow by USD 2.04 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200927005040/en/

Technavio has announced its latest market research report titled Global Automotive ADAS Aftermarket 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19

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Aftermarket Auto Parts Vs Used OEM Auto Components Vs Brand New Discounted Elements

Have you ever think of changing your car engine for marine use? While demand for brand new and used vehicles in mature markets (e.g. Japan, Western Europe and the United States) fell through the financial recession, the trade flourished within the creating economies of Brazil, Russia, India and China. Service workshops, like bodyshops, have seen commonplace occasions fall, too.

This program will subsidize the acquisition of latest hybrid and electrical automobiles, in addition to other automobile sorts. There are quite a few sources of aftermarket auto components. For example, an aftermarket Air Filter can hurt you car engine if it’s not appropriate along with your automotive model leading to low engine-effectivity or perhaps whole engine injury.

However then misplaced time, if it’s measured in any respect, is usually about the most obvious parts equivalent to rectification of defective work, collection and supply of automobiles, and cleaning and maintenance. Labour utilisation … Read More

Aftermarket Auto Parts Vs Used OEM Auto Components Vs Model New Discounted Parts

This can be outdated news to some of you however the automotive industry shouldn’t be what it was. The times of automobile manufactures making new vehicles, slapping an costly price ticket on them and then watching blissful go lucky customers drive off the lot in massive numbers has handed long ago. But in response to expertise of main automotive management providers, driverless cars despite being already a actuality, still a decade or so is required for such automobiles to turn into public and hit the street as regular automobiles.

Which means that utilisation goes up to 95% (38 work hours divided by 40 attended hours), and even if the productive effectivity is identical at 113.5%, then our technician will produce 43.1 sold hours (38 hours labored x 113.5%). If a lot of the critiques are optimistic and plausible, one or two actually adverse opinions wouldn’t essentially steer me completely away … Read More

Aftermarket Auto Components Vs Used OEM Auto Parts Vs Model New Discounted Elements

We now have a proud automobile culture in the United States but, surprisingly, not many people know too much about this country’s automotive historical past. Ford utilized the first conveyor belt-based mostly assembly line in 1913, improving mass production of its Model T. The assembly line decreased prices significantly and the Model T bought so effectively that it propelled Ford into the largest vehicle firm within the U.S.

With virtually no gas efficient models to supply customers the “Massive three” of the American automotive trade watched their gross sales quickly decrease. Buying and promoting the time of productives is, or must be, the main source of revenue and revenue in bodyshops and service workshops.

Because of the technician’s efforts, the workshop sells 42 hours per week (or 1,848 bought hours every year from 44 weeks x 42 hours), and that is achieved with none extra time or bonus pay. These … Read More

Aftermarket Auto Parts Vs Used OEM Auto Parts Vs Brand New Discounted Elements

I am positive most of us have realized how for much longer vehicles seem to be working nowadays. With the organised players stepping in, the used vehicles market has benefited from honest offers, warranties, better retail network, credibility, transparency, straightforward availability of funds. It’s also the automotive service manager’s duty to remain on top of warranties and remembers offered by the manufacture.

One of many factors which are typically thought of on this trade is the price of the machines that are used to develop the components of the car. The automotive firms ought to improve the quantity of profitable autos and effective advertising activities to have the ability to sell them to the customers.

One other tip for finding a superb Boulder automobile repair service is to start trying before you really want one. J.D Energy and Associates, a world advertising information services firm, introduced its projections concerning the … Read More

Aftermarket Auto Elements Vs Used OEM Auto Parts Vs Model New Discounted Parts

The latest in automotive business news is that Nissan has big plans. For those who need replacement elements to your car, nevertheless, you possibly can either buyE.M. or aftermarket auto elements. Automotive workshops and garages will likely be unable to perform without automotive tools. But then in 2001, Maruti got here with the primary company of promoting used automobiles in 2001- Maruti True Value.

The primary three strains appear straight after labour sales, and consist of all pay made to the technician for truly producing work that’s then bought to a customer. By subtracting these three lines from gross sales, you find yourself with the gross profit made from shopping for and selling the technician’s time – usually known as the ‘labour gross profit’.

India is the seventh largest producer of vehicles globally with nearly a mean production of 17.5 million vehicles with the auto industry’s contribution amounting to 7% … Read More