Europe automotive aftermarket is anticipated to gain remarkable traction in the coming years, due to the high average age for on-road vehicles in the developed European countries.

Recent trends in the global automotive aftermarket are driven by the launch of e-commerce websites for the purpose of attracting customers and increasing product penetration in the digital era. Citing an instance, Kuwait-based AUTO1 has recently launched its e-commerce website “auto1.online”, bringing its wide shopping experience completely online by offering an extensive range of products. These comprise trending automotive essentials, car care merchandise, and several other automotive aftermarket parts at amazing prices.

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Additionally, the company’s website hosts multiple categories comprising Car Care, Accessories, Hardware & Tires, and Batteries, enabling the online purchase of Spare Parts, and also offering consultation with the aid of its dedicated technical support team. Similar initiatives by key automotive aftermarket companies are set to push industry demand, augmenting revenue expansion over the forthcoming years.

Multiple advantages provided by OEM outlets such as quality assurance and long-term warranty coverage are likely to stimulate market expansion over the assessment span. Additionally, the surging usage of electronics and e-commerce by established OEM providers is also set to boost the demand for various automotive aftermarket products through 2026.

The OEM factory fill segment is estimated to witness an appreciable CAGR of nearly 4 per cent through the projected period. This augmentation is chiefly ascribed to the existing trust and consumer confidence towards the automotive parts provided by OEMs.

An upsurge in product demand has been instrumental in driving the growth of the exhaust segment in the automotive aftermarket industry through 2026. Primary components of exhaust systems comprise catalytic converter, muffler, engine downpipe, tailpipe, and engine manifold.

The system is also exposed to high temperatures, given the exit of the hot air from combustion engines. Furthermore, the component is subjected to be replaced by enthusiastic and high-end consumers for the enhancement of vehicle outlet acoustics.

The real-time monitoring of numerous automobile parameters for the evaluation of its performance and quality of operations in line with predetermined benchmarks is instrumental in impelling the popularity of remote diagnostics over the anticipated span.

Additionally, more and more small-scale shop owners and service providers are entering into agreements with largescale fleet operators for the procurement of additional contracts for repair & maintenance, which is set to influence industry expansion through the estimated period.

The competitive landscape of the automotive aftermarket comprises of companies such as ZF Friedrichshafen AG, Federal-Mogul Holdings, BASF, Continental AG, and 3M, among others. These industry players are focusing on expanding their regional presence through M&A, business expansions, new product launches, and other strategies.

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Partial Chapter of the Table of Content

Charts & Figures

FIG. 1    Industry segmentation

FIG. 2    Global automotive aftermarket revenue, (USD Billion), 2016 - 2026

FIG. 3    Industry ecosystem analysis

FIG. 4    European B2C e-commerce goods & service sales (USD Billion)

FIG. 5    Average vehicle age

FIG. 6    Adjusted gross disposable income

FIG. 7    Vehicles sales, China

FIG. 8    Average age of EU fleet by vehicle type

FIG. 9    Growth potential analysis, 2018

FIG. 10    Porter’s analysis

FIG. 11    PESTLE analysis

FIG. 12    Market volume share by product, 2019 & 2026

FIG. 13    Market volume share by sales outlet, 2019 & 2026

FIG. 14    Market share by region, 2019 & 2026

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