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Market Research Report

Europe Automotive Aftermarket Industry : By After Market Products and Services Type, By End Users Type, By Distribution Channels, By Geography with COVID-19 impact | Forecast Period 2017-2030

Published Date :

2020-09-01

Report Pages :

743

Format :

PDF

Region Covered :

Europe

Automotive Aftermarket Industry in Europe

Market Outlook

In the consolidated market of Europe, growth rate of the new vehicle sales over the last decade were below 2% p.a. At the same time, the average car age improved from 8.4 years to 9.7 in Europe. These trends highlight the cumulative need to deal with older vehicle segments. Additionally, customers are turning to online sites for reviews and other digital platforms, as a way to develop their purchasing decisions. Numerous platforms for online parts sales and services exist already. Component suppliers, automotive OEMs, aftermarket distributors, and workshop chains will continue to escalate their online participation and launch new platforms. We also anticipate that the e-commerce stake of automotive components sales will increase to 20% to 30% by 2035. On the other hand, digital-driven products and services are setting a new trend and will be the major growth drivers for the market growth over the forecast period. It is also estimated that digital services segment such as telematics, vehicle diagnosis, and fleet management among others will increase exponentially from currently 12% to 28% within the next 10 years.

Additionally, new market players are entering into this segment with digitally-linked business models in order to exploit the market opportunities. On the distribution end, online channels are emerging as the most attractive business strategy and are attracting major aftermarket players to provide innovative products and services through online channels. For instance, Michelin bought 40% shares of French online tire retailer Allopneus, and then acquired the British tire e-retailer Blackcircles. Europe automotive aftermarket revenue accounted for approximately USD 241.0 billion in 2017 or about 30% of global automotive aftermarket industry revenues. Further, the Europe automotive aftermarket industry is likely to expand at a CAGR of 3.1% over the forecast period i.e.2017-2030.

Market Segmentation

By After Market Products and Services Type

  • Wear-and-Tear Parts
  • Crash-Relevant Parts
  • Accessories and Appearance Products
  • Diagnostics Products
  • Services (Fleet Management etc.)

By End Users Type

  • Service Providers (Telematics, Fleet Management etc.)
  • Independent Workshops
  • Automotive OEM Workshop

By Distribution Channels

  • Offline Distribution Channel
  • Online Distribution Channel

By Geography

  • Germany {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • Italy {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • France {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • U.K {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • Russia {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry
  • Sweden {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry
  • Spain {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry
  • Rest of Europe {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry

Product Type & Region with Major Market Share

Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 59% in automotive aftermarket industry. On the other hand, services segment is the fastest growing segment which is likely to expand at a CAGR of +7% over the forecast period.

Based on geography, Germany dominated the Europe aftermarket industry with about 45% market share of Europe automotive aftermarket industry. On the other hand, Eastern Europe is the fastest growing region for automotive aftermarket industry majorly fueled by the Russia automotive industry, which is likely to grow at a CAGR of 7.3% during the forecast period.

Covered in this European Automotive Aftermarket Report

The report covers the present ground scenario and the future growth prospects of the automotive aftermarket for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major regions. Europe automotive aftermarket market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

Europe Automotive Aftermarket Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Europe automotive aftermarket industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Europe Automotive Aftermarket Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

COVID-19 impact on "Europe Automotive Aftermarket Industry"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Europe Automotive Aftermarket Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key players Included in the Report

  • 3M
  • Continental AG
  • Delphi Automotive PLC
  • Denso Corporation
  • Federal-Mogul Corporation
  •  Magneti Marelli S.p.A.
  • Goodyear Tire & Rubber Company
  • ZF Friedrichshafen AG
  • COOPER TIRE & RUBBER COMPANY
  • Robert Bosch GmbH

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Europe Automotive Aftermarket Industry Report

  • What is the total market size by 2030 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

Reasons to buy this market study

  • Facilitate decision-making based on strong historic and forecast data for automotive aftermarket industry
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the automotive aftermarket industry’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects



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Europe Automotive Aftermarket Industry : By After Market Products and Services Type, By End Users Type, By Distribution Channels, By Geography with COVID-19 impact | Forecast Period 2017-2030

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