Advancement In The Automobile Production Technology To Spur The Growth Of The ASEAN Automotive Aftermarket Market
The automotive aftermarket, also known as the aftermarket or secondary market, is the second wholesale market of this car industry, dealing in the sale, re-manufacturing, manufacture, installation, and re-sale of automobile parts, fluids, and equipment. The aftermarket carries a wide range of products including performance parts, spares, accessories, wheels, and tires; anything original that has been modified or rebuilt to fit a specific car model. Most aftermarket products come directly from the original manufacturers or are re-branded merchandise produced by another firm Improvement in the technology used for the production of the automobile is primarily driving the growth of the ASEAN automotive aftermarket market . This has improved the operational life of the vehicles. Also, this has improved the reliability of automobiles significantly over the past few years. This is again surging the growth of the ASEAN automotive aftermarket market. Increasing production of automobiles...