Published on : Sep 14, 2016
ALBANY, New York, September, 14, 2016 – The market for manufacturing, distribution, installation, remanufacturing, and retailing or vehicle parts, equipment, and accessories in Argentina is growing significantly. The automotive aftermarket comprises a wide range of auto parts for differing prices and qualities. Technological advancements have brought about many changes and improvements in the auto parts and accessories. The future of auto aftermarket and vehicle servicing market in Argentina seems to be bright. The Internet has boosted the automotive aftermarket retail sales in the recent past. The sale of automotive accessories and parts on various online portals has increased. This is expected to propel the key players operating in this global market to introduce new auto equipment and accessories, predicts a new report added to the wide repository of Market Research Hub.
The report, titled “Automotive Aftermarket Retail Sales in Argentina to 2019: Sales by Channel (Value and Volume Analytics),” briefs readers about the sale of various automotive accessories and parts. The report studies tyre specialists, crash repair centers, auto centers, petrol stations, vehicle manufacturer networks, garages, and online auto part sale centers. As per the findings of the report, the sales of auto parts at online centers is increasing in many areas in Argentina. The evolution of the internet has boosted direct selling of automotive parts. The Internet has also boosted many service providers to set up their after-sale service centers, companies, and auto supplies, which has further boosted direct sales. Thanks to the evolution of the internet and the advancements in the automotive aftermarket, people are able to repair their vehicles using the do-it-yourself services.
Key players are setting up their online shops to supply various auto parts and services to car owners. Especially, the online sale of tyres and other minor vehicle accessories is expected to increase in Argentina. The rising number of internet savvy people is expected to propel the automotive aftermarket retail sales in Argentina, state the analysts. The rising distribution channels and crash repair centers are predicted to assist the growth of automotive aftermarket retail sales in Argentina.
High automotive turnover coupled with the rising preferences of people for new auto parts are predicted to propel the automotive aftermarket retail sales in Argentina. The demand for prestige items, car-care products, and other accessories is expected to increase in the years to come, which is another factor predicted to boost this market. The growing popularity of many online car care stores such as first fits, part accessories, and other hypermarkets has benefited the automotive aftermarket retail sales in Argentina in the recent past. Online car accessory stores are giving a tough competition to the traditional stores and are contributing equally towards the growth of the auto aftermarket retail sales in Argentina.
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Key players are currently focusing on adding various new components in the automotive aftermarket, including accessories, steering and suspension parts, mechanical parts, consumables, crash repair parts, and wear and tear parts. Many new players are entering the automotive aftermarket in Argentina, which is expected to increase the competition level for the already existing players.
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