Aftermarket Automotive Parts Industry: Driving Innovation through...

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2024-10-24 09:56:48 - Translate -

Aftermarket Automotive Parts Industry: Driving Innovation through Competition

Growth of Aftermarket SectorThe global aftermarket automotive parts industry has seen tremendous growth over the last decade. As vehicles age and mileage increases, the need for replacement parts rises. Aftermarket parts provide a more affordable alternative to expensive original equipment manufacturer (OEM) parts. The aftermarket segment accounted for over $250 billion in annual sales globally...

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