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Car Care Products Market 2023-2027: Highlights on Global Supply Chain, Covid Analysis and Recovery

By on September 8, 2024
NEW YORK, Jan. 23, 2023 /PRNewswire/ — According to Technavio, the global car care products market size is estimated to grow by USD 3585.56 million from 2022 to 2027. The market is estimated to grow at a CAGR of 5.48% during the forecast period. The COVID-19 outbreak had a severely negative effect on the global automotive components and accessories market’s growth in 2020. Additionally, trade operations were negatively impacted in the first half of 2020 as a result of the rigorous social distance and travel limitations that were put into place. This impacted the expansion of the market for automotive…
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Automotive Brake Components Aftermarket Market to Grow at YOY of 2.53% between 2022 and 2023, Insights on Post- Covid Analysis and Recovery-Technavio

By Didi on August 18, 2024
NEW YORK, Jan. 23, 2023 — According to Technavio, the global automotive brake components aftermarket market size is estimated to grow by USD 14.07 billion from 2022 to 2027. The market is expected to grow at a CAGR of 3.2%. Moreover, the growth momentum will accelerate. COVID-19 negatively impacted the growth of the market, as the demand for new cars declined in 2020. However, developed economies in APAC, namely Japan, South Korea, and Australia, have been able to control COVID-19, which will support market growth in these countries. China has also controlled the spread of the disease and resumed manufacturing…
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Automotive Parts Remanufacturing Global Market Report 2023: Sector to Reach $85.5 Billion by 2030 at a 4.5% CAGR

By on July 5, 2023
DUBLIN, May 29, 2023 /PRNewswire/ — The “Automotive Parts Remanufacturing: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offers. Global Automotive Parts Remanufacturing Market to Reach $85.5 Billion by 2030 In the changed post COVID-19 business landscape, the global market for Automotive Parts Remanufacturing estimated at US$60.2 Billion in the year 2022, is projected to reach a revised size of US$85.5 Billion by 2030, growing at a CAGR of 4.5% over the analysis period 2022-2030. Engine & Related Parts, one of the segments analyzed in the report, is projected to record a 5.1% CAGR and reach US$25.4 Billion…
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Advance Auto Parts cuts full-year profit guidance as costs weigh

By on June 15, 2023
(Reuters) – Advance Auto Parts Inc lowered its full-year profit outlook on Wednesday on the back of elevated costs, sending the auto parts retailer’s shares down 24% before the opening bell. High raw material, labor and freight prices, along with the ongoing supply chain constraints, have weighed down the automotive industry’s production and distribution in recent months. The company also cuts its full-year sales forecast and quarterly cash dividend. “We expect the competitive dynamics we faced in the first quarter to continue, resulting in a shortfall to our 2023 expectations,” Chief Executive Officer Tom Greco said in a statement. The…
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Plasti Dip VS Wrap: What Is Better?

By on June 5, 2023
When it comes to modifying the appearance of a vehicle, two popular options that have gained significant traction in recent years are Plasti Dip and vehicle wrapping. Both techniques offer unique advantages and have their own set of pros and cons. In this article, we will delve into the details of Plasti Dip and vehicle wrap, exploring their characteristics and applications, and comparing their benefits and drawbacks. By the end, you will have a comprehensive understanding of Plasti Dip and vehicle wrap, enabling you to make an informed decision for your next vehicle customization project. Plastic Dip Plasti Dip is…
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What Is Diesel Exhaust Fluid and What Does It Do?

By on March 17, 2023
If you own a diesel vehicle, you may have heard the term “diesel exhaust fluid” thrown around in mechanics’ garages. But do you know what DEF is and how it impacts your driving experience? Diesel exhaust fluid (DEF) is a critical component of modern engine technology, helping to reduce emissions and improve fuel efficiency. In this blog post, we’ll explain what diesel exhaust fluid is, what it does, and what its pros and cons are. Read on to learn all about this essential part of your car! What Is Diesel Exhaust Fluid? Diesel exhaust fluid is a non-toxic, colorless liquid…
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