The Business Research Company’s Motor
Vehicle And Parts Dealers global market report, covers the year-on-year growth of the global
Motor Vehicle And Parts Dealers
market historic and forecast growth. It also includes
chapters on the Motor Vehicle And Parts Dealers market trends, geographical
analysis, and competitive landscape.
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the report at:
The global motor vehicle and parts dealers
market size is expected to increase by 2021, significantly growing at a CAGR of
around 7% during the forecast period.
Motor
Vehicle And Parts Dealers Market Trends
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 l 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.
Virtual
reality empowers the customer experience by letting them connect to the product
with interactive and personalized options. Virtual reality allows the customers
to immerse themselves in the experience of owning a product. Automotive company
Lexus is using virtual reality technology which allows its customers to
virtually test drive their new models. North Face, an apparel company, is using
VR technology which transports its customers to Yosemite National Park as they
are shopping at the stores. Volvo is also VR technology which lets the
customers get the feel of being in the car and take an imaginary journey. Lexus
made its customers take a virtual test drive of their new models in significantly
realistic manner than a regular driving simulator. TopShop stores include
“virtual fitting rooms” which allows its customers to select specific garments
and see how they would look wearing those garments on a large screen.
The global Motor Vehicle And
Parts Dealers market
is primarily driven by rise in disposable income, growing population, and
growing ownership of motor vehicles.
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a sample of the report:
The global Motor Vehicle And
Parts Dealers market
report covers the following regions under the geographical analysis section:
Asia Pacific, Western Europe, North America, Middle East, Africa, South
America, and Eastern Europe. Major countries under each of these regions are
also covered under the country analysis chapters.
With the increase in trends of vehicle
ownership by middle class in developing countries like India and Brazil in
recent years, the global Motor Vehicle And Parts Dealers market is expected to
increase in potential and scope. TBRC’s report also covers the Motor Vehicle
And Parts Dealers drivers and restraints in the market.
The global Motor Vehicle And
Parts Dealers market’s
segment shares in each geographic region are mentioned in the report, along
with the historic and forecast growth rates for each segment presented visually
with supporting reasons to justify the growth rates.
The top companies included in the global Motor
Vehicle And Parts Dealers market report are AutoNation, CarMax, Group 1, Penske
Automotive Group, Sonic Automotive.
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