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Image: Nosorogua/Adobe Stock Rising used car sales and aging fleets in the United States are contributing to growth in demand for aftermarket services and maintenance. The automotive aftermarket components market is projected to show robust growth from 2020 through 2026, according to a report from Global Market Insights released at the end of December 2020. The industry is primarily consumer-driven and undergoes rapid changes owing to constantly evolving consumer preferences and demands, the report noted. Shifting market competitiveness in emerging economies, such as China, India, Thailand, and Vietnam, is another contributing factor enabling manufacturers to offer economical goods to the global market, aiding global expansion. Advancement in technology coupled with rapid improvement in logistics also has allowed manufacturers to offer high-quality goods faster and farther.

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