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The automotive aftermarket deals with manufacturing, remanufacturing, distributing, redistribution, end-retail, reselling, and installation activities. Various components, chemicals, and equipment relevant to automotive vehicles are sub-categorized as replacement parts and accessories. Basically, these equip end consumers to customize their vehicles in order to suit their personal preferences. With smart cars coming into play, manufacturers need to focus on improving their products to survive the highly competitive environment. Allied Market Research remains observant to existing market structure for automotive aftermarket industry. It analyzes business trends, industry share, financial evaluations, and geographical capture of key manufacturers and vendors. Major growth drivers and restraints have been assessed to outline potential opportunity segments.
Brake pads are an integral component of two-wheelers that have disc brakes. The braking system reduces the speed of the vehicle in emergency, thus preventing accidents. Conventional brake pads, which are made ...
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