Automotive Aftermarket in Europe
Summary
Automotive Aftermarket in Europe industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Automotive aftermarket includes the sales of automotive components for use on vehicles after first purchase. Market value is calculated in terms of retail selling price (RSP) including all taxes and levies. Market volume refers to each individual aftermarket component, such as wiper blades or brake calipers, considered as a separate unit. The scope includes components sold through fast fits, auto centres, garages, tyre specialists, vehicle manufacturer networks, petrol stations, hypermarkets, crash repair centres/body shops, online sales, parts & accessories stores, and others. Both internal combustion engines and electric vehicles are considered in our scope. Our analysis encompasses both passenger cars and light commercial vehicles.
- The European automotive aftermarket sector recorded revenues of $248.8 billion in 2023, representing a compound annual growth rate (CAGR) of 0.1% between 2018 and 2023.
- Sector consumption volumes declined with a negative CAGR of 0.1% between 2018 and 2023, to reach a total of 4,894.1 million units in 2023.
- Europe captured a share of 27.0% in the global automotive aftermarket sector in 2023.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the automotive aftermarket market in Europe
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive aftermarket market in Europe
- Leading company profiles reveal details of key automotive aftermarket market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Europe automotive aftermarket market with five year forecasts
- What was the size of the Europe automotive aftermarket market by value in 2023?
- What will be the size of the Europe automotive aftermarket market in 2028?
- What factors are affecting the strength of competition in the Europe automotive aftermarket market?
- How has the market performed over the last five years?
- What are the main segments that make up Europe's automotive aftermarket market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the recent developments in the sector?
- 8 Company Profiles
- 8.1. Robert Bosch GmbH
- 8.2. Continental AG
- 8.3. LKQ Group (UK) Ltd
- 8.4. Compagnie Generale des Etablissements Michelin
- 8.5. Mobivia
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Europe automotive aftermarket sector value: $ million, 2018-23
- Table 2: Europe automotive aftermarket sector volume: million units, 2018-23
- Table 3: Europe automotive aftermarket sector category segmentation: % share, by value, 2018-23
- Table 4: Europe automotive aftermarket sector category segmentation: $ million, 2018-23
- Table 5: Europe automotive aftermarket sector geography segmentation: $ million, 2023
- Table 6: Europe automotive aftermarket sector value forecast: $ million, 2023-28
- Table 7: Europe automotive aftermarket sector volume forecast: million units, 2023-28
- Table 8: Robert Bosch GmbH: Key Facts
- Table 9: Robert Bosch GmbH: Key Employees
- Table 10: Robert Bosch GmbH: Key Employees Continued
- Table 11: Continental AG: Key Facts
- Table 12: Continental AG: Annual Financial Ratios
- Table 13: Continental AG: Key Employees
- Table 14: Continental AG: Key Employees Continued
- Table 15: LKQ Group (UK) Ltd: Key Facts
- Table 16: LKQ Group (UK) Ltd: Key Employees
- Table 17: Compagnie Generale des Etablissements Michelin: Key Facts
- Table 18: Compagnie Generale des Etablissements Michelin: Annual Financial Ratios
- Table 19: Compagnie Generale des Etablissements Michelin: Key Employees
- Table 20: Mobivia: Key Facts
- Table 21: Mobivia: Key Employees
- Table 22: Europe Size of Population (million), 2019-23
- Table 23: Europe Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 24: Europe GDP (Current Prices, $ Billion), 2019-23
- Table 25: Europe Inflation, 2019-23
- Table 26: Europe Consumer Price Index (Absolute), 2019-23
- Table 27: Europe Exchange Rate, 2018-23
- List of Figures
- Figure 1: Europe automotive aftermarket sector value: $ million, 2018-23
- Figure 2: Europe automotive aftermarket sector volume: million units, 2018-23
- Figure 3: Europe automotive aftermarket sector category segmentation: $ million, 2018-23
- Figure 4: Europe automotive aftermarket sector geography segmentation: % share, by value, 2023
- Figure 5: Europe automotive aftermarket sector value forecast: $ million, 2023-28
- Figure 6: Europe automotive aftermarket sector volume forecast: million units, 2023-28
- Figure 7: Forces driving competition in the automotive aftermarket sector in Europe, 2023
- Figure 8: Drivers of buyer power in the automotive aftermarket sector in Europe, 2023
- Figure 9: Drivers of supplier power in the automotive aftermarket sector in Europe, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the automotive aftermarket sector in Europe, 2023
- Figure 11: Factors influencing the threat of substitutes in the automotive aftermarket sector in Europe, 2023
- Figure 12: Drivers of degree of rivalry in the automotive aftermarket sector in Europe, 2023
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