The global motor vehicle and parts dealers market is expected to grow from $3920.36 billion in 2020 to $4355.18 billion in 2021 at a compound annual growth rate (CAGR) of 11.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $5676.57 billion in 2025 at a CAGR of 7%.
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The motor vehicle and parts dealers’ market consists of sales of motor vehicles and parts and related services by entities (organizations, sole traders and partnerships) that sell automobiles, other motor vehicles, automotive parts, accessories, and tires to ultimate users. The companies in the industry typically operate from showrooms where vehicles and related parts are displayed. The motor vehicle and parts dealers’ market is segmented into auto parts and accessories; automobile dealers and other motor vehicle dealers.
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The motor vehicle and parts dealers market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the motor vehicle and parts dealers market are AutoNation; CarMax; Group 1; Penske Automotive Group; Sonic Automotive.
The global motor vehicle and parts dealers market is segmented –
1) By Type: Auto Parts And Accessories, Automobile Dealers, Other Motor Vehicle Dealers
2) By Ownership: Retail Chain, Independent Retailer
3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store
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The motor vehicle and parts dealers market report describes and explains the global motor vehicle and parts dealers market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The motor vehicle and parts dealers report evaluates the market across each region and for the major economies within each region.
The countries covered in the global motor vehicle and parts dealers market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global motor vehicle and parts dealers market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Motor Vehicle And Parts Dealers Market Characteristics
- Motor Vehicle And Parts Dealers Market Product Analysis
- Motor Vehicle And Parts Dealers Market Supply Chain
- Key Mergers And Acquisitions In The Motor Vehicle And Parts Dealers Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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