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  4. > 360 Degree Perspective of the European Automotive Aftermarket : Capitalizing on Growth in Eastern Europe and Aging Vehicles

Key Findings

•Total aftermarket revenue will grow from € billion in 2013 to € billion in 2020.
•Tires and body parts to represent xx % and xx % of the total market, respectively.
•Average annual use (kilometers) is declining by xx % annually because of the effects of the European financial crisis, causing residents to decrease their overall driving activity.
•High-speed trains, carsharing programs, and other mobility solutions are becoming more popular, which could limit the growth potential of the aftermarket over the medium-to-long term.
•Total vehicles in operation (VIO) is expected to grow at a compound annual growth rate (CAGR) of xx % and reach xx million in 2020.
•VIO will grow twice as fast in Eastern Europe as in Western Europe, driving demand for routine maintenance parts such as brakes, tires, and filters in Poland, Russia, and the Baltic states.
•The average vehicle age is approximately ..years, putting hundreds of millions in the prime replacement range for expensive repairs.
•Vehicles are oldest in Russia (..years average), Spain (..years), and Italy (.. years) suggesting higher repair needs in these countries.
•The independent aftermarket (IAM)—which includes warehouse distributors (WDs), as well as independent repair facilities, fast fits, tire centers, and hypermarkets—accounts for xx % to xx % of the total parts and service revenue. Franchised automobile dealers in the original equipment service (OES) channel now make up no more than xx % of the total aftermarket revenue.
•Favorable EU regulations will support continued IAM growth at the expense of OES. Automakers are responding to the erosion of their dealerships’ market shares by opening IAM service centers to provide minor maintenance and repairs.
•Approximately xx independent repair facilities will close over the next xx to xx years, with tire centers, hypermarkets, and quick fits benefiting.
•This is because many are small, family-owned businesses struggling to invest in new tools, training, and equipment to remain competitive against larger retail chains.
•VIO will grow fastest in Russia ( xx %) and Eastern Europe where economic development will allow more residents to become vehicle owners for the first time.
•VIO will increase by less than xx % annually in Italy, France, and Spain, where residents are more likely to keep their aging vehicles until economic conditions improve.
•The total aftermarket in Europe will grow xx %, from € billion in 2013 to € billion in 2020.
•Germany ( xx % of 2013 revenue) and Russia ( xx %) are the only xx large countries expected to increase their shares of the total European revenue over the 2013 to 2020 period.
•Italy ( xx % of 2013 revenue) and Spain ( xx %) will see their shares of total revenue decrease the most, mainly because of the economic crisis that still threatens Southern Europe.
•The top product categories account for a little more than xx % of the total parts revenue.

Aim
The aim of this research service is to provide an overview of the European automotive aftermarket, including market size and structure, with detailed analyses of the largest countries.

Objectives
•Analyze vehicles in operation and average vehicle age to understand the main demand factors driving automotive parts and service sales in the European automotive aftermarket.
•Estimate the total market opportunity based on a top-down analysis of vehicles in operation, replacement rates, and available pricing data.
•Identify the top automotive parts distributors and service providers in Europe.
•Quantify the share of aftermarket parts and service revenue for franchised automobile dealers and independent suppliers.
•Understand the role of legislation, as well as emerging mobility solutions, such as carsharing and high-speed trains, on automotive parts and service demand.

Key Questions This Study Will Answer

What is the short-to-medium term outlook for the European automotive aftermarket?
What are the key market trends in Eastern and Western Europe?
What are the main growth drivers and industry challenges?
What is the structure of the European automotive aftermarket? Who are the key industry participants and what is their value proposition?
How is the competitive landscape changing?

Table Of Contents

360 Degree Perspective of the European Automotive Aftermarket : Capitalizing on Growth in Eastern Europe and Aging Vehicles
Executive Summary
Research Scope, Objectives, Background, and Methodology
Definitions and Segmentation
Market Overview
Demand Analysis
Drivers and Restraints—Total Automotive Aftermarket
Total Market Outlook—Europe
Germany Analysis
France Analysis
Spain Analysis
Italy Analysis
United Kingdom Analysis
Russia Analysis
Rest of Europe Analysis
Conclusions and Future Outlook
Appendix

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