Why is there a high demand for European Car Parts in India?
According to the latest study from Persistence Market Research, global automotive parts aftermarket is predicted to increase at a compound annual growth rate (CAGR) of 5.4 percent from 2021 to 2031. Vehicle owners are doing more maintenance and repairs, which increases the aftermarket's demand for automotive parts. Stock automobile components wear and deteriorate with time, which is why this happens. It's more likely that you'll need to change things like air filters and fuel filters more often and brake pads. Governments throughout the world require automakers to produce environmentally friendly and high-performing components for domestic and international markets, which is projected to raise demand for automotive parts. Emerging economies like China, India, and Brazil are expected to fuel worldwide market expansion in the next several years in the auto parts industry. As a result, the demand for the European Car Parts is on the rise. Results from the Market Resea...