Tag: uk

Automotive aftermarket industry trends ukThe automotive aftermarket is the secondary industry of the automotive market that provides autos with components, systems, and solutions. The global automotive aftermarket is anticipated to witness a CAGR of four.40% during the forecast period of 2017 to 2023. This projects constant development for the market. Valued at USD 824.82 Bn in 2017 and is expected to develop to attain an approximate value of USD 1,023.four Bn by the finish of 2023. With this shifting landscape in the international markets, automotive OEM’s will develop even larger and stronger worldwide with further opportunities in trade and commodities with globe nations. So, even even though the U.S. market place could remain steady, or perhaps experience really slight declines, the automotive industry will continue to develop.

The UK automotive aftermarket is thriving, ranking fourth in Europe and ninth in the globe in terms of size, and turning more than …