Europe Automotive Aftermarket Market Growth, Size, Trends, Revenue, Share and Future Outlook

Europe Automotive Aftermarket Market Size- By Type, By Application, By Distribution, By Vehicle Type, By Vehicle Type, By Position- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Europe Automotive Aftermarket Market Size- By Type, By Application, By Distribution, By Vehicle Type, By Vehicle Type, By Position- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Dec 2023 Report ID: AMIN23184 Pages: 1 - 107 Formats*:     
Category : Automotive & Transportation
Europe Automotive Aftermarket Market Introduction and Overview 

According to SPER Market Research, the Europe Automotive Aftermarket Market is estimated to reach USD 435.54 billion by 2033 with a CAGR of 3.36%.

The report includes an in-depth analysis of the Europe Automotive Aftermarket Market, including market size and trends, product mix, distribution channels, and supplier analysis. The automotive aftermarket industry is dedicated to reprocessing, retailing, distributing, and installing car components and equipment after a vehicle has been sold. The aftermarket includes replacement, performance, appearance, and collision parts. The adoption of advanced technologies has led to the digitalization of automotive repair and component sales, which has boosted the aftermarket's popularity. The European automotive aftermarket is expected to grow at a constant rate due to rising car demand and production across the continent. Consumers are critical to the car aftermarket, which is heavily reliant on them. Because of significant technological advancements in automotive, the automotive aftermarket industry is constantly evolving to meet shifting consumer expectations.

  • The British autonomous vehicle software company Oxbotica will receive funding from German automotive supplier ZF Friedrichshafen AG in order to develop driving systems for people-and product-transporting pod-like shuttles.
Europe Automotive Aftermarket Market
Market Opportunities and Challenges

OpportunitiesThe Europe automotive aftermarket is expected to grow at a faster rate during the forecast period due to factors like the expansion of post-sale services for automobiles, strict government regulations requiring the replacement or upgrading of vehicle components, and the growing trend of vehicle customization combined with an increase in disposable income. Nonetheless, during the projected period, rising shared mobility demands and unstable raw material prices are anticipated to impede the expansion of the global automotive aftermarket sector. Furthermore, the automotive aftermarket is anticipated to benefit in the near future from the expansion of automotive e-commerce and the rise in demand for technologically sophisticated features.

Challenges: Vehicles with more integrated sensors will drive more safely and have fewer wear and tear on their brakes and other parts as technology advances. This hinders the growth of the automotive aftermarket by making component replacement challenging. Icars are outfitted with eco-friendly parts to reduce carbon emissions and control global warming. It is not always up to consumers to decide whether or not to replace parts that regularly harm the environment and release more carbon emissions. Consequently, these factors limit the automobile aftermarket.

Europe Automotive Aftermarket Market


Market Competitive Landscape
The Europe Automotive Aftermarket market is extremely consolidated. Magna International Inc., Continental AG, Magneti Marelli S.p.A., ZF Friedrichschafen AG, Robert Bosch GmbH, Valeo SA, Faurecia and MAHLE are some key market participants in Europe.

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments covered By Application, By Distribution,  By Vehicle Type, By Position
 Regions coveredEastern Region, Western Region, Southern Region, Northern Region
 Companies Covered
Magna International Inc., Continental AG, Magneti Marelli S.p.A., ZF Friedrichschafen AG, Robert Bosch GmbH, Valeo SA, Faurecia and MAHLE
COVID-19 Impact on Europe Automotive Aftermarket Market
The COVID-19 pandemic is expected to persist for several years, with uncertain effects on the automotive aftermarket. Governments everywhere were forced by the COVID-19 pandemic to impose strict lockdowns and prohibit the import or export of necessary raw materials for the majority of 2020 and a few months of 2021. Numerous individuals are delaying inspections or performing optional repairs, and a number of government transportation agencies are relaxing the requirements for technical controls and inspection dates. Additionally, less wealthy customers are delaying maintenance that is preventable. Although garages, service stations, and repair shops are typically permitted to stay open and can still readily obtain parts from distributors, these modifications are significantly reducing the number of people who visit them.

Key Target Audience:
  • Vehicle Owners/Consumers
  • Automotive Repair Shops and Technicians
  • Automotive Retailers and Distributors
  • Automotive Manufacturers and Original Equipment Manufacturers (OEMs)
  • Fleet Managers
  • Insurance Companies
Our in-depth analysis of the Europe Automotive Aftermarket Market includes the following segments:
By Application
  • Infotainment and Multimedia
  • Engine Component
  • Tires and Wheels
  • Electrical Products
  • Seat and Steering Covers
  • Others
  • By Distribution Channel
  • OEM
  • Third Party Vendors
  • By Vehicle Type
  • Two Wheeler
  • Passenger Car
  • Commercial Vehicle
  • By Position
  • External Accessories
  • Internal Accessories
  • Key Topics Covered in the Report:
    • Europe Automotive Aftermarket Market Size (FY’2023-FY’2033)
    • Overview of Europe Automotive Aftermarket Market
    • Segmentation of Europe Automotive Aftermarket Market By Application (Infotainment and Multimedia, Engine Component, Tires and Wheels, Electrical Products, Seat and Steering Covers, Others)
    • Segmentation of Europe Automotive Aftermarket Market By Distribution Channel (Domestic, International)
    • Segmentation of Europe Automotive Aftermarket Market By Vehicle Type (Two Wheeler, Passenger Car, Commercial Vehicle)
    • Segmentation of Europe Automotive Aftermarket Market By Position (External Accessories, Internal Accessories)
    • Statistical Snap of Europe Automotive Aftermarket Market
    • Expansion Analysis of Europe Automotive Aftermarket Market
    • Problems and Obstacles in Europe Automotive Aftermarket Market
    • Competitive Landscape in the Europe Automotive Aftermarket Market
    • Impact of COVID-19 and Demonetization on Europe Automotive Aftermarket Market
    • Details on Current Investment in Europe Automotive Aftermarket Market
    • Competitive Analysis of Europe Automotive Aftermarket Market
    • Prominent Players in the Europe Automotive Aftermarket Market
    • SWOT Analysis of Europe Automotive Aftermarket Market
    • Europe Automotive Aftermarket Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the  Europe Automotive Aftermarket Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1.  Europe Automotive Aftermarket  Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in  Europe Automotive Aftermarket  Market 

    7.  Europe Automotive Aftermarket Market, By Application (USD Million)
    7.1.  Europe Automotive Aftermarket Market Value Share and Forecast, By Application, 2023-2033
    7.2. Infotainment and Multimedia
    7.3. Engine Component
    7.4. Tires and Wheels
    7.5. Electrical Products
    7.6. Seat and Steering Covers
    7.7. Others

    8.  Europe Automotive Aftermarket Market, By Distribution Channel (USD Million)
    8.1.  Europe Automotive Aftermarket Market Value Share and Forecast, By Distribution Channel, 2023-2033
    8.2. OEM
    8.3. Third Party Vendors

    9. Europe Automotive Aftermarket Market, By Vehicle Type (USD Million)
    9.1.  Europe Automotive Aftermarket Market Value Share and Forecast, By Vehicle Type, 2023-2033
    9.2. Two Wheeler
    9.3. Passenger Car
    9.4. Commercial Vehicle

    10. Europe Automotive Aftermarket Market, By Position (USD Million)
    10.1.  Europe Automotive Aftermarket Market Value Share and Forecast, By Position, 2023-2033
    10.2. External Accessories
    10.3. Internal Accessories

    11.  Europe Automotive Aftermarket Market Forecast, 2019-2033 (USD Million)
    11.1.  Europe Automotive Aftermarket Market Size and Market Share

    12.  Europe Automotive Aftermarket Market, By Application, 2019-2033 (USD Million)
    12.1.  Europe Automotive Aftermarket Market Size and Market Share By Application (2019-2026)
    12.2.  Europe Automotive Aftermarket Market Size and Market Share By Application (2027-2033)

    13.  Europe Automotive Aftermarket Market, By Distribution Channel, 2019-2033 (USD Million)
    13.1.  Europe Automotive Aftermarket Market Size and Market Share By Distribution Channel (2019-2026)
    13.2.  Europe Automotive Aftermarket Market Size and Market Share By Distribution Channel (2027-2033)

    14.  Europe Automotive Aftermarket Market, By Vehicle Type, 2019-2033 (USD Million)
    14.1.  Europe Automotive Aftermarket Market Size and Market Share By Vehicle Type (2019-2026)
    14.2.  Europe Automotive Aftermarket Market Size and Market Share By Vehicle Type (2027-2033)

    15.  Europe Automotive Aftermarket Market, By Position, 2019-2033 (USD Million)
    15.1.  Europe Automotive Aftermarket Market Size and Market Share By Position (2019-2026)
    15.2.  Europe Automotive Aftermarket Market Size and Market Share By Position (2027-2033)

    16.  Europe Automotive Aftermarket Market, By Region, 2019-2033 (USD Million)
    16.1.  Europe Automotive Aftermarket Market Size and Market Share By Region (2019-2026)
    16.2.  Europe Automotive Aftermarket Market Size and Market Share By Region (2027-2033)
    16.3. Eastern Region
    16.4. Western Region
    16.5. Southern Region
    16.6. Northern Region

    17.  Company Profile
    17.1. Continental AG,
    17.1.1. Company details
    17.1.2. Financial outlook
    17.1.3. Product summary 
    17.1.4. Recent developments
    17.2. Faurecia
    17.2.1. Company details
    17.2.2. Financial outlook
    17.2.3. Product summary 
    17.2.4. Recent developments
    17.3. Magna International Inc.,
    17.3.1. Company details
    17.3.2. Financial outlook
    17.3.3. Product summary 
    17.3.4. Recent developments
    17.4. MAHLE
    17.4.1. Company details
    17.4.2. Financial outlook
    17.4.3. Product summary 
    17.4.4. Recent developments
    17.5. Magneti Marelli S.p.A.,
    17.5.1. Company details
    17.5.2. Financial outlook
    17.5.3. Product summary 
    17.5.4. Recent developments
    17.6. Robert Bosch GmbH, Valeo SA,
    17.6.1. Company details
    17.6.2. Financial outlook
    17.6.3. Product summary 
    17.6.4. Recent developments
    17.7. ZF Friedrichschafen AG,
    17.7.1. Company details
    17.7.2. Financial outlook
    17.7.3. Product summary 
    17.7.4. Recent developments
    17.8. Others 

    18. List of Abbreviations

    19. Reference Links

    20. Conclusion

    21. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    Europe Automotive Aftermarket Market is projected to reach USD 435.54 billion by 2033, growing at a CAGR of 3.36 %during the forecast period.
    Europe Automotive Aftermarket Market from 2022. The Market is expected to reach USD 435.54 billion by 2033, at a CAGR of 3.36%during the forecast period.
    Europe Automotive Aftermarket Market CAGR of 3.36% during the forecast period.
    Europe Automotive Aftermarket Market size is USD 435.54 billion from 2023 to 2033.
    Europe Automotive Aftermarket Market is Segment is covered By Application, By Distribution, By Vehicle Type, By Position.
    The Europe is anticipated to have the highest market share in the Europe Automotive Aftermarket Market.
    "The key players in the market include Companies Covered Eastern Region, Western Region, Southern Region, Northern Region Companies Covered Magna International Inc., Continental AG, Magneti Marelli S.p.A., ZF Friedrichschafen AG, Robert Bosch GmbH, Valeo SA, Faurecia and MAHLE"
    The report includes an in-depth analysis of the Europe Automotive Aftermarket Market, including market size and trends, product mix, distribution channels, and supplier analysis.
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