Webinar to Examine Approaching Global Automotive Aftermarket Boom

Frost & Sullivan will host a free webinar discussing how the expected 30 percent growth in total vehicle population by 2020 will positively affect the aftermarket

Given the high growth in the total number of passenger vehicles in the world, more motorists will be looking for businesses to provide parts and service in order to keep their cars on the road. However, distribution channels and service networks are virtually non-existent throughout parts of Asia, Latin America and even Europe, causing vehicle owners to pay high prices due to having such few options.

This briefing will highlight emerging, unmet needs in the global automotive aftermarket that could provide new opportunities for companies across the value chain.

The webinar will benefit component manufacturers, distributors, vehicle manufacturers and the investor community by highlighting growth markets for automotive parts and service, as well as key trends, such as the increasing amount of electronic content requiring repair or replacement, supporting demand for aftermarket products across the world.

“The number of passenger cars in use worldwide will grow from about 1 billion units today to approximately 1.3 billion units in 2020. While much of the growth is driven by the high rate of new car ownership in China, we are also seeing more people throughout Latin American and parts of Europe driving their own vehicles for the first time,” said Spivey. “This will lead to a corresponding increased demand for automotive parts and service across the world, as well as new business opportunities to meet the maintenance and repair needs of so many more vehicles.”

A live question and answer session will follow the presentation.

For more information about Frost & Sullivan’s Automotive & Transportation research group, visit: http://www.automotive.frost.com.

To attend the briefing, email [email protected] your full name, job title, company name, company telephone number, company email address and website, city, state and country.

Receive a recorded version of the briefing by submitting the contact details listed above.

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