Gmi Research

 The automotive aftermarket in Bangladesh has emerged as a dynamic segment within the broader automotive industry. The rising middle class, coupled with an increasing number of vehicles, has created a strong demand for replacement parts, maintenance services, and other aftermarket solutions. This market has become a key pillar for ensuring vehicle efficiency and extending their operational life. The Bangladesh Automotive Aftermarket Market is anticipated to witness robust growth by 2031. A major driver is the surge in used vehicle imports, which often require frequent maintenance and component replacements. Furthermore, the growing awareness among vehicle owners about preventive maintenance has led to an increased focus on aftermarket services and products. Key Growth Drivers Rising Vehicle Population The growing number of vehicles, especially in urban areas, has led to an increased demand for aftermarket services. From replacement tires to brake systems, the market caters to dive...