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Automotive Aftermarket Market to grow by USD 211.53 billion | Rising Number of Automotive Consumers to Boost Growth | 17000+ Technavio Reports | State

NEW YORK, Nov. 29, 2021 /PRNewswire/ — The automotive aftermarket market is set to grow by USD 211.53 billion from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 4.39% according to the latest report by Technavio.

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Automotive Aftermarket Market 2022-2026: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our automotive aftermarket market report covers the following areas:

Automotive Aftermarket Market 2022-2026: Vendor Analysis

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. 3M Co., Aptiv Plc, Continental AG, Cooper Tire and Rubber Co., DENSO Corp., HELLA GmbH and Co. KGaA, Robert Bosch GmbH, Tenneco Inc., Valeo SA, and ZF Friedrichshafen AG are some of the

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Nissan to invest $17.6 billion to ramp up electric vehicle offering

An electric concept car from Nissan is displayed at the company’s showroom in Yokohama, Japan, on November 29, 2021.

KAZUHIRO NOGI | AFP | Getty Images

Japanese automotive giant Nissan is to invest 2 trillion yen (around $17.6 billion) over the next five years to speed up the electrification of its product line.

Nissan said on Monday it would aim to roll out 23 new electrified models by 2030, 15 of which will be fully electric.

It is targeting a 50% electrification mix for its Nissan and Infiniti brands by the end of the decade.

On the battery front, the firm is planning to introduce all-solid-state batteries, or ASSB, to the market by 2028. A pilot ASSB facility in the Japanese city of Yokohama will be readied “as early as fiscal year 2024”, Nissan said.

In a speech outlining the plans, Nissan CEO Makoto Uchida said his company was focusing

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Global Automotive Infotainment Market Report 2021: OF Fitted Segment Dominated in 2020 and is On Track to Generate USD 9.6 Billion by 2028 | News

DUBLIN, Nov. 26, 2021 /PRNewswire/ — The “Global Automotive Infotainment Market Size, Share & Trends Analysis Report by Product Type (Heads-up Display, Navigation Unit, Display Unit), by Fit Type, by Vehicle Type, by Region, and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com‘s offering.

The global automotive infotainment market size is expected to reach USD 12.57 billion by 2028, registering a CAGR of 8.7% from 2021 to 2028.

The increasing demand for autonomous vehicle technology, automotive cockpit electronics, and advanced safety features such as advanced driver assistance systems is anticipated to drive the growth. The growing demand for enhanced in-vehicle experience and shifting consumer buying behavior and the worldwide expansion of the luxury and premium car segments are also likely to fuel the growth of the market.

The growing number of millennials opting for small and medium-sized cars is expected to boost the growth of the market

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Rivian, the Amazon-backed electric vehicle maker, seeks to raise $8.4 billion in IPO

Amazon-backed electric car maker Rivian is seeking a valuation that would place it among the world’s most valuable automotive companies when it goes public in the coming days, according to an amended S-1 filing on Monday.

Rivian said it expects to offer 135 million shares of its Class A common stock priced between $57 and $62 per share. An additional 20.25 million shares will be made available to the IPO’s underwriters. Rivian could raise as much as $8.4 billion when it debuts if shares trade at the high end of its range, or a total of more than $9.6 billion if underwriters exercise their options.

The California-based company’s filing indicates a targeted valuation of more than $53 billion based on outstanding shares, though that number could change based on investor demand and market conditions. The Wall Street Journal reported Rivian

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