AFTERMARKET AUTOMOTIVE PARTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In April 2023, ZF Aftermarket, a division of ZF Friedrichshafen AG, a global leader in driveline and chassis technology, announced an expansion of its product range for the Indian passenger car aftermarket. The company introduced three newly manufactured TRW products in India, including shock absorbers, brake pads, and brake discs, to cater to the growing demand for high-quality replacement parts.
• In March 2023, HELLA, operating under the FORVIA brand, announced the expansion of its Black Magic auxiliary headlamp series with the introduction of 32 new light bars. Among these, 14 light bars have received ECE approval for on-road use, while the remaining models are designed for off-road applications. HELLA, a prominent international automotive supplier, focuses on innovative lighting and electronic solutions, enhancing safety and visibility for vehicles across various environments.
• In June 2022, Bosch, a leading global supplier of technology and services, unveiled its latest website to cater to customers, shops, and technicians in the automotive aftermarket. The primary objective of the new site is to provide simplified access to product information. Through API enhancements, users can now easily compare a diverse range of products and gain insights into which products are compatible with their vehicles.