Title: Europe Automotive Aftermarket Research Report Sample by Goldstein Research
1Europe Automotive Aftermarket Industry Outlook
Europe Automotive Aftermarket Industry Outlook
2025 Opportunity Growth Analysis, 2017-2025
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2Europe Automotive Aftermarket Industry Outlook
Europe Automotive Aftermarket Industry Share(),
By Region-2017-2025
Europe Automotive Aftermarket Industry Size USD
(Billion). 2017-2025
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In 2017, Wear-and-Tear Parts accounted for the
highest market share XX in Europe Automotive
Aftermarket Industry
With XX share in 2017, Germany dominated the
Europe Automotive Aftermarket Industry
Europe Automotive Aftermarket Industry Share (),
By Distribution Channels- 2017
Europe Automotive Aftermarket Industry Share (),
By End Users-2017
Europe Automotive Aftermarket Industry Share(),
By Products and Services-2017
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3Europe Automotive Aftermarket Industry Outlook
- Both public and private cloud adoption grew in
2018, with larger enterprises increasing their
focus on public cloud. AWS is no longer the
runaway leader as Azure has grown rapidly and is
now a close second, especially among enterprise
users. - Enterprises with a hybrid strategy (combining
public and private clouds) fell from 58 percent
in 2017 to XX percent in 2018, while
organizations with a strategy of multiple public
clouds or multiple private clouds grew slightly. - Many more enterprises see public cloud as their
top priority, up from XX percent in 2017 to XX
percent in 2018. Hybrid cloud has decreased as
a top priority for enterprises, declining from XX
percent in 2017 to XX percent in 2018. - XX percent of enterprises spend more than USD XX
million a year on public cloud, while XX percent
spend more than USD XX million annually. XX
percent of enterprises plan to more than double
public cloud spend in 2018, and XX percent will
grow public cloud spend more than XX percent. In
contrast, only XX percent of enterprises will
grow private cloud use by more than XX percent in
2018. - XX percent of enterprises already have a central
cloud team with another XX percent planning one
because they have a strong need for centralized
governance within their larger organizations.
Compared to 2017, enterprise central IT is taking
a stronger cloud governance role in advising on
which apps move to cloud (XX percent vs. XX
percent), managing costs (XX percent vs. XX
percent), setting policies (XX percent vs. XX
percent), and brokering cloud services (XX
percent vs. XX percent). - Optimizing cloud costs is the top initiative
again in 2018 across all cloud users, increasing
to XX percent from XX percent in 2017. Despite an
increased focus on cloud cost management, only a
minority of companies have implemented automated
policies to optimize cloud costs, such as
shutting down unused workloads or selecting
lower-cost clouds or regions.
Growing Sales of Electric Vehicles
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Technological Advancements
Fuel Efficiency
Stringent Emission Norms
Europe Automotive Aftermarket Industry Size (USD
Billion)
Domestic Sales
Exports
USD XX Billion
2017
USD XX Billion
2025
USD XX Billion
USD XX Billion
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4Research Methodology
Goldstein Research follows a comprehensive and
rigorous research methodology to provide you
accurate estimates and forecast of a particular
market. We provide estimates, forecast and
analysis primarily based on secondary research,
primary interviews, in-house database and other
free as well paid sources. Our company follows
simultaneous top down and bottom approach in
order to provide you the accurate market sizing.
Data triangulation method is strictly followed
where we triangulate the data from all the
aspects, be it Function Type, application,
industry verticals, material, product type or
geography. In addition, the research methodology
we follow is a systematic approach in order to
estimate and project the market sizing keeping in
mind all the on-going and upcoming trends of the
market. We conduct both primary and secondary
research in order to estimate a market and
validate our key findings. We put together our
effort and prepare an inclusive questionnaire
depending on the title of the market we are
tracking and extract the important information we
require to validate our findings. Our team of
Analysts and experts dedicatedly put their effort
to provide you the best possible and accurate
data and analysis. Adding to that technological,
economic, cultural and social aspects along with
the regulatory barriers are completely analyzed
to understand the comprehensive market scenario
across different geographies. Understanding the
market from both buyer and seller point of view
is important to track a market and provide
analysis on the same. We not only provide the
market data of the four geographies as a whole,
namely, North America, Europe, Asia-Pacific,
Latin America, Middle East Africa and Rest of
the World (RoW) but we also provide you
qualitative as well we qualitative information on
country level bifurcation. We at Goldstein
Research provide you Precise Estimates and
Forecast Authentic Analysis In-depth Data and
Analysis Authentic Sources Reliable Data
and Analysis
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Research Methodology
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5Europe Automotive Aftermarket Industry Size (USD
Billion)-2017-2025
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- Europe Automotive Aftermarket Industry is
anticipated to expand at a compound annual growth
rate of XX during the forecast period i.e.
2017-2025. Aftermarket operations have a very
broad scope and contain all activities related to
maintaining a car after its initial sale and
until the end of its lifecycle. The relevant
activities are also referred to as aftermarket
parts and services. The aftermarket encompasses
all parts and services purchased for light- and
heavy-duty vehicles after the original sale,
including replacement parts, accessories,
lubricants, appearance products and service
repairs. - Globally, aftermarket volume, including retail
sales, is growing rapidly and becoming
increasingly important to automotive companies
compared to new car sales due to the higher
margins. - Western European aftermarket is more or less
flat, while attractive growth rates exist in
emerging markets such as Eastern Europe. The
average growth rate per year is estimated at
about XX in Western Europe, whereas in Eastern
Europe it is about XX per annum over the past
seven years.
6- Telematics and Mobility Services
- Innovative services such as telematics and
mobility service bundles offer additional
opportunities to generate business and revenue
improvements and account for a growing share of
the aftermarket. These services are increasingly
embedded into new technologies. - In addition to more complex parts, they can
compensate for the declining share of traditional
parts, repair and maintenance services during a
cars lifecycle due to higher general quality and
reliability of cars and parts. Considering the
total revenue stream of a typical 13- year car
lifetime, only XX of the total revenue stems
from the new car sale. The aftermarket business
accounts for the remaining XX in Western Europe - Russia will make an important leap with regard to
competitive intensity. Today, the participants
estimated the competitive intensity on average as
being the most moderate of all markets. This is
likely due to the existing weakness of the
domestic car manufacturers. Russian car
manufacturers such as AvtoVAZ and GAZ still have
strong disadvantages compared to international
manufacturers due to their organizational
infrastructure.
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Europe Electric Vehicles Market Share(), By
Technology Type-2016
Europe Telematics Market (USD Billions)- 2017-2025
Sample
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- Impact Analysis-
- In the future, the competitive intensity will
increase dramatically, according to the
participants. The increase in competitive
intensity is expected to come from the market
entry of nearly all international car
manufacturers. This includes the expected strong
presence of Chinese, South Korean and Japanese
manufacturers in Eastern Russia.
7- Competitive Situation in the Aftermarket
- In Western Europe, the competitive intensity is
currently at a rather high level, according to
the respondents. They categorized the market as
being one of the two most challenging in terms of
competitive activity (the other being China). All
participants were almost certain that Western
Europe can be considered a mature market, and on
average they expect a moderate increase in the
competitive intensity. - The picture for Eastern Europe is different.
Here, it was noted that on average the current
competitive intensity is somewhat moderate but
with future increases anticipated. This can be
seen in Exhibit 4, which shows the positioning of
the markets in terms of their estimated
competitive intensity - In Western Europe, the main factors for
differentiating the service offerings are
innovative services, the high emphasis on
specific customer requirements and customization
of services. In line with the importance of
customization, proximity to customers and
offering services for attractive prices play an
important role as well. This is even more
important during times in which customers are
increasingly buying parts on the Internet or from
independent repair centers. Outstanding service
quality, quick response and reaction times, and
branding of service can no longer be considered
as differentiating factors. Furthermore,
companies unable to live up to these commodity
requirements will fail.
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Importance of Factors Differentiating the Service
Offering
Sample
- Impact Analysis-
- The investments in the aftermarket tend to be
quite low. As a consequence, only a few
participants consider their actual investment
level to be sufficient, and no one stated that
the investments are fully sufficient. The
findings indicate that, at least until now, the
aftermarket appears not to have received
appropriate top management attention when it
comes to evaluating future business potential and
making strategic investment decisions. Thus,
according to their own judgment, with the current
budget spent, the participants are hardly
prepared for future regional market developments
and risk their future profitability in the
aftermarket
Impact on Europe Automotive Aftermarket Industry
8Europe Automotive Aftermarket Industry Share (),
By Products and Services, 2017-2025
- Mature aftermarket champions have increased their
performance over the last years and are now in
the stage of optimizing aftermarket activities.
These companies have strongly integrated with
dependent dealers/repair centers. They keep
consumers loyal for most of the product
lifecycle. If customers change to independent
repair centers, the goal is to sell parts to
these repair centers. Mature aftermarket
champions strive to control the whole breadth of
distribution channels. - Explorers in the emerging markets perform key
functions such as RD, sourcing, manufacturing
and sales in emerging countries, but the
aftermarket presence is still in the early
implementation stage. This includes defining
operational activities for marketing and sales,
sourcing, planning, distribution and reverse
logistics as well as considerations for the whole
supply and distribution chain.
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Europe Automotive Aftermarket Industry Y-O-Y
Growth, By Products and Services, 2017-2025
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Europe Automotive Aftermarket Industry Size (USD
Billion), By Products and Services, 2017-2025
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9Europe Automotive Aftermarket Industry
Attractiveness-By Products and Services, 2017-2025
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Accessories and Appearance Products
Diagnostics Products
Services
Sample
Source Goldstein Research
Water based adhesive segment holds the largest
revenue share in the Europe Automotive
Aftermarket Industry as this segment constitutes
which is impacted by the rising cognizance among
the household users and thus it is likely to
expand at XX CAGR during the forecast
period. Automotive Aftermarket market is relying
on the adoption of EHR (Electronic health record)
software by various healthcare facility providers
in order to stand ahead in future. Behavioral
health EHR creates a world of difference to the
staff and patients and goes the extra mile giving
advanced capabilities such as it include support
for documenting violence risk factors, suicide
risk factors, or sadness scales.
Europe Automotive Aftermarket Industry BPS
Analysis- By Products and Services, 2017-2025
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10Germany Automotive Aftermarket Market Size (USD
Billion), Compound Annual Growth Rate (), Y-O-Y
Growth Rate (), 2017-2025
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New car registrations (Germany, year 2017)
Key Insights
Traditional Engines
Germany is a very challenging market for
outsiders to break into, even for big
multinationals from U.S. or Japan. The
aftermarket channels are well established and
networked. The genuine German brands of parts
are much preferred, and usually this type of
environment can be an even more important barrier
than the financials or the regulatory. In 2014,
seven of the top 20 global suppliers were based
in Germany. Many of those companies are well
known fixtures of the U.S. aftermarket as well.
And all of them are considered the drivers of
technical innovation within an industry that
thrives on such.
XX Million
XX Million
Petrol
Diesel
Alternative Engines
XX Thousand
XX Thousand
XX Thousand
XX Thousand
Plug-in Hybrid
Liquid/Natural Gas
Electric
Hybrid
There is a completely different service culture
in Germany, where technicians spend years in
apprenticeship learning their trade. Home to
premium OEMs and parts manufacturers BMW,
Mercedes-Benz, Bosch and Hella, among others,
loyalty to dealer parts and service remains high
and discount brands are still shunned. Here, the
OES channel still represents about half of all
parts revenue. Most other Western European
countries fall somewhere between the United
Kingdom and Germany in regards to their loyalty
to the OEMs.
11Europe Automotive Aftermarket Market
Attractiveness-By Country, 2017-2025
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CAGR ()
Market Size (USD Billion)
France
Italy
Spain
BENELUX
Sweden
Norway
Russia
RoEU
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Sample
According to the above graph, Russia Automotive
Aftermarket market is anticipated to be the most
attractive market across the region, for new
entrants looking to enter in the market, existing
players looking for business expansion and
investors seeking investment opportunities over
the forecast period i.e. 2017-2025 Decreasing
product-oriented profits,the tendency to bulk
commodity, and intense global competition have
compelled executives to increasingly rely on
post-sales service to stimulate corporate growth.
It is no longer regarded as an inevitable cost of
doing business, but as an active lever to drive
revenue, profit and customer retention. It
represents a fundamental shift in how service
operations are managed moving away from a
tactical cost-center approach to managing it as a
strategic profit center
North America North America Automotive
Aftermarket Market BPS Analysis- By Country,
2017-2025
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12ZF Friedrichshafen AG (Company Overview
Business Strategy)
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Founded 1915
Website www.zf.com
Employees 146,148
Headquarters Germany
Company Overview
Business Divisions
Construction and Agricultural Machinery
Marine Craft and Aircraft
Special and Rail Vehicles
Wind Power
Passenger Cars
Light Commercial Vehicles
- ZF Friedrichshafen AG, also known as ZF Group,
and commonly abbreviated to ZF, is a German car
parts maker headquartered in Friedrichshafen, in
the south-west German region of
Baden-Württemberg. - The Company operates through four geographic
segments Americas Europe, Africa and Asia
Pacific(APAC). - The company makes automatic and manual
transmissions for commercial vehicles, cars,
aircraft, and marine vessels. ZF also makes rail
transmissions and industrial drives such as servo
gearboxes. - Its off-road division makes transmissions for
construction equipment and farm machinery. ZF's
chassis unit makes automotive rear-axle systems
and suspension modules. ZF was founded in 1915 by
Ferdinand von Zeppelin (the Zeppelin inventor).
The Zeppelin Stiftung Foundation, which is
largely controlled by the town of
Friedrichshafen, owns more than 90 of the
company.
Sample
Business Strategy
- Innovation and Investment Strategy In all areas
of driveline and chassis technology for cars and
commercial vehicles, rail vehicles and marine
applications, and in many other vehicle and
industrial applications, ZF products are
synonymous with quality and innovation. The
innovative technical solutions form the basis for
the market success of ZF products. Manufacturers
expect innovative products from ZF to distinguish
their companies and vehicles from the
competition. The focus is increasingly on
functions for improved driving dynamics, comfort
and safety, with fewer individual components or
systems. This involves comprehensive expertise
from suppliers and a clear understanding of
dynamic relationships in the entire vehicle. In
addition to global standards and efficient
processes, it requires in-depth
cross-departmental cooperation and a high degree
of integration with external partners.
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business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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