Asia Pacific excluding Japan (APEJ) Automotive Aftermarket The automotive aftermarket in Asia Pacific excluding Japan (APEJ) is forecasted to reach USD 150 billion in 2023, with a projected increase to USD 264 billion by 2033, growing at a steady CAGR of 5.8% over the forecast period. Key growth…
Tag: APEJ Automotive Aftermarket
Future Market Insights (FMI) sees impressive prospects for automotive aftermarket in APEJ. It has forecast the market to US$ 254.5 Bn by the end of 2031. Auto-components are subjected to abrasions and wear-outs by end use. Hence the need of repair and replacement…