What is Complete Automotive?
Complete Automotive offers the repair services which include everything from tires to transmission replacement, tune-ups to exhaust and many more. It can specialize in both foreign and domestic cars. With the rising automotive industry, it is seen that global sales of passenger cars are expected to mark 77 million vehicles in 2019. In addition to that along with China, the United States is also counted among the largest automobile markets worldwide, both in terms of production and sales. Although 5.3 million passenger cars were sold to United States customers in 2018, and approximately 2.78 million cars were produced in the United States in the same year hence enhancing the market for complete automotive in both present and forecasted years.
The market study is broken down by Type (Complete Automotive Installation (Vehicles Parts, Equipment, and Accessories ) and Complete Automotive Maintenance), by Application (Automotive Industry, Repair Shop and Others) and major geographies with country level break-up.
Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global Complete Automotive market throughout the predicted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Complete Automotive Systems (United States), Complete Automotive (United States), Goodyear Tire & Rubber Co. (United States), Johnson Controls (Ireland), Lear Corporation (United States), Faurecia (France), Magna International (Canada) and Firestone Tire and Rubber Company (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sumitomo Corporation (Japan), Ashland Automotive Inc. (United States), Monro Muffler Brake Inc. (United States), Belron International Ltd. (United Kingdom), Asbury Automotive Group Inc. (United States) and Driven Brands Inc. (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Complete Automotive market by Type, Application and Region.
On the basis of geography, the market of Complete Automotive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle Type, the sub-segment i.e. Passenger Cars will boost the Complete Automotive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services and Parts, the sub-segment i.e. Oils will boost the Complete Automotive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Consumer interest in electric vehicles EVs is accelerating across the globe. According to the data surveyed by Deloitte’s, it is observed that 35,000 consumers from 20 countries explored their opinions on emerging connected, autonomous, shared, and electrified automotive technologies and are making the biggest trend.
Market Drivers
- Increasing Consumption of Full Automated Vehicles is also Calling the Demand for Complete Automotive
- Rising Concerns about Connectivity, Privacy, and Data Security Related to Automobiles
Opportunities
- Growing Automotive Repair and Maintenance Services Market is, in turn, Making the Market Demand of Complete Automotive
- Development of Autonomous Vehicles and Rising Focus on Manufacturing Connected Cars in this Region are Expected
Restraints
- High Overall Cost of these Automotive
Challenges
- Growing Usage of Public Transport
- Limited Availability of Automotive Repair and Maintenance Services Dealerships and Shops in Rural Areas
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.