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Europe Automotive Aftermarket Industry Fuelled by Improved Average Age of Cars

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(Free Press Release) According to Goldstein Research, Europe automotive aftermarket industry is expected to reach USD 241.0 billion by 2024, expanding at a CAGR of 3.1% over the forecast period, 2016-2024. Europe automotive aftermarket industry accounts for 30% of the global market.

Europe Automotive Aftermarket Industry Fuelled by Improved Average Age of Cars


      

According to Goldstein Research, Europe automotive aftermarket industry is expected to reach USD 241.0 billion by 2024, expanding at a CAGR of 3.1% over the forecast period, 2016-2024. Europe automotive aftermarket industry accounts for 30% of the global market.


The advent of sales through online distribution channel is one of the driving factors in the growth of the market. Europe automotive aftermarket industry segmentation has been done on the basis of aftermarket product and services type, by end-user type, by distribution channel and geography. Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 59% in the automotive aftermarket industry.


Europe automotive aftermarket industry is dominated by Germany with about 45% market share. On the other hand, Eastern Europe is the fastest growing region for automotive aftermarket industry majorly fueled by the Russia automotive industry, which is likely to grow at a CAGR of 7.3% during the forecast period.


Download Exclusive Sample Report: https://www.goldsteinresearch.com/request-sample/europe-automotive-aftermarket-industry-trends-size

 

Market Segmentation

On the basis of our in-depth analysis, Europe Automotive Aftermarket Industry can be segmented as follows:

By After Market Products and Services Type

o Wear-and-Tear Parts

o Crash-Relevant Parts

o Accessories and Appearance Products

o Diagnostics Products

o Services (Fleet Management etc.)

By End Users Type

o Service Providers (Telematics, Fleet Management etc.)

o Independent Workshops

o Automotive OEM Workshop

By Distribution Channels

o Offline Distribution Channel

o Online Distribution Channel

By Geography

o Germany {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry

o Italy {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry

o France {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry

o U.K {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry

o Russia {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry

o Sweden {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry

o Spain {Market Share (%), Market Size (USD Billion))} Automotive Aftermarket Industry

o Rest of Europe {Market Share (%), Market Size (USD Billion)} Automotive Aftermarket Industry

 

Browse Full      Report: https://www.goldsteinresearch.com/report/europe-automotive-aftermarket-industry-trends-size

 

“Europe Automotive Aftermarket Industry Outlook 2024” contains the detailed overview of the Europe automotive aftermarket industry.


On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by aftermarket product and services type, by end-user type and by distribution channel.


Further, for the in-depth analysis, Europe Automotive Aftermarket Industry Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.


This market report also includes competitive outlook of some of the major players profiling of companies such as 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, Federal-Mogul Corporation, Magneti Marelli S.p.A., Goodyear Tire & Rubber Company, ZF Friedrichshafen AG, COOPER TIRE & RUBBER COMPANY, Robert Bosch GmbH, etc.


The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.


Overall, the report represents the Europe automotive industry trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.


Our mission is simple: to develop insightful 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.


Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive reports to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.


Contact for more Info:

Steve Blade

(Global Sales Head)

USA: + 1-646-568-7747

Canada:  1-437-886-1181

UK: +44-203-318-6627

www.goldsteinresearch.com

 

 

Browse Similar Report: India Automotive Aftermarket Industry




Europe Automotive Aftermarket Industry Fuelled by Improved Average Age of Cars

Source: Press Release

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