The global auto parts and accessories market is poised for explosive growth, projected to reach US$ 3.9 trillion by 2034, driven by rising demand for customization, performance enhancements, and the electric vehicle revolution. Fact.MR’s latest report reveals key market trends, regional insights, and leading players shaping this dynamic industry.
The Auto Care Association and MEMA Aftermarket Suppliers have released their 2024 Joint EV Trends and Outlook Forecast, revealing a cautious outlook on EV market penetration due to consumer concerns about charging, pricing, and service frequency. The report dives into key factors influencing this cautious growth, providing valuable insights for the aftermarket industry to adapt to the evolving electric vehicle landscape.
