Published Date: 2022-08-08
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European Automotive Aftermarket size is predicted to cross USD 248 Billion by 2028, according to a latest forecast report by Graphical Research.
The recent years have recorded a growing inclination toward hybrid/electric drive trains, e-commerce, re-manufacturing, and additive manufacturing. Several companies are resorting to digitization and electrification, reshaping the perception of industry stakeholders and automotive suppliers toward cars. The rising penetration of internet connections and smartphones has further driven consumer expectations toward a comfortable and seamless shopping experience.
The brakes product segment is anticipated to depict substantial growth through 2028, credited to the escalating demand for brake pads, rotors & drums, and replacement hydraulics & hardware in aging cars. The rotors need regular replacement since they wear out quickly. The escalating trend of lightweight car components is set to result in the installation of thinner and lighter brake parts by OEMs.
Germany automotive aftermarket industry size from car exteriors will surpass USD 3000 million by 2028. The upsurge can be attributed to the increasing adoption of a range of strategies by regional market participants for the rollout of their market products.
For instance, in July 2021, Stuttgart-based MAHLE announced plans to adopt a range of strategies comprising the expansion of the fields of workshop equipment and thermal management and the development of new business areas for workshops. These also include the digitalization of processes, information offerings, and services. The group further announced plans for offering aftermarket solutions for alternative drives through to fuel cell and battery maintenance.
Browse detailed statistical insights from the report, “Europe Automotive Aftermarket Forecast 2028 By Product (Replacement Parts [Belt, Brakes, Clutch, Electrical Parts, Lighting, Engine & AC Parts, Exhaust, Filters, Suspensions, Transmission, Wiper Parts, Others], Accessories [Car Exteriors, Car Interiors]), By Sales Outlet (Professional [Quick Lubes, Garages & Service Stations, Automobile Dealerships, Government, Commercial Fleets & Other Professional Outlets), DIY [Discount Department Stores, Auto Parts Stores], OEM Factory Fill), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1963/europe-automotive-aftermarket
Poland automotive aftermarket industry will record a CAGR of 8% during the forecast timeline. Several companies are planning to expand their presence into the region. Considering an instance, in August 2021, Delphi Technologies announced plans to expand their regional aftermarket distribution center in Poland under a contract renewal with Geodis. As part of the same, the company intended to add 5,000 sq. m to the Wroclaw facility. The move would provide customs services, data management and parts scanning, return logistics, as well as labelling and packaging. The company would negotiate prices, determine the demand for safety stock levels, and select suppliers for consumables.
The European automotive aftermarket research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD Million from 2017 to 2028 for the following segments
Europe Market, By Product
Europe Market, By Sales Outlet
The above information has been provided for the following countries:
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