Tag: auto parts growth

• November 17, 2022

  Global wholesale and automotive aftermarket set to grow at a compound annual growth rate of 7.2%

  The global wholesale and distribution automotive aftermarket market is expected to grow from $195.95 billion in 2021 to $217.93 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The wholesale and distribution automotive market is expected to reach $288.10 billion in 2026 at a CAGR of 7.2%. The main replacement parts in…
• July 26, 2022

  Africa is the next frontier for Isuzu SA — CEO Billy Tom

  The local subsidiary is ramping up exports and is establishing a semi-knock-down assembly plant in Ghana The recovery of the local automotive industry is seen through 29,545 units sold in June 2022, representing a 20.6% increase compared with the same month in 2021. The numbers don’t tell the full story though as the recent KZN…
• July 21, 2022

  The Motor Vehicle Parts Market Growth To See 8% Rate With Advancements In Technology

  Advances in technology are expected to be a continued driver of motor vehicle parts manufacturing market growth in the forecast period. The global transport manufacturing industry has experienced many technological advances in the last decade, and this is expected to intensify in the forecast period. According to Forbes, the 10 new features in vehicles include…