ASEAN Automotive Aftermarket, By Automotive Component, By Vehicle Type, By Sales Channel-

Published In : Jul 2023

Code : CMI3604

Pages :140

Formats :

Excel and PDF

Industry : Automotive and Transportation

Asean Automotive AftermarketSize and Trends

Report Coverage	Details
Base Year:	2022	Market Size in 2023:	US$ 28.7 Bn
Historical Data for:	2018 to 2021	Forecast Period:	2023 to 2030
Forecast Period 2023 to 2030 CAGR:	9.8%	2030 Value Projection:	US$ 55.3 Bn
Segments covered:	By Automotive Component: Battery, Body Parts, Brake Parts, Exhaust Components, Filters, Lighting and Electronic Components, Tire, Engine Components, Powertrain, Electrical & Air Conditioning, Wheels, Lubricants, and Others By Vehicle Type: Car, Bikes, Vans, Racing Bikes, & Cars, and Commercial Vehicles By Sales Channel: General Repair & Service Stations, Body Shops, and Independent & OEM Authorized Service Center/Dealers

ASEAN Automotive Aftermarket- Trends

Use of self-Inflating tires based on Air Maintenance Technology

Inflating the tires too much can lead to wear and tear while not having enough pressure. As a result companies like The Goodyear Tire and Rubber Company has created a self-inflating tire system which can maintain the pressure at desired levels. The self-inflating tire system works on air maintenance technology which uses peristaltic pump to maintain the pressure. With such advancement in technology greater life and fuel economy could be achieved.

Growing use of software driven LED matrix head lamps

The LED matrix headlights is the most recent trends for the automotive headlights. The LED matrix headlight works on glare free high beam function which allows drivers to drive with high beam all the time. An ultra-light sensitive camera detects traffic on the road thus providing automatic distribution of light from high beam to mask specific area. This light provides high beam without blinding other drivers. The LED matrix headlight is a software driven system that adjusts the beam in real time.