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Europe automotive aftermarket industry is by large dominated by Germany acquiring 45.0% market share in 2017. On the other hand, as per our analysis, Eastern Europe region is witnessed to be the fastest growing automotive aftermarket at a CAGR of 7.3% during the forecast period.The improvement in the average age of a vehicle in Europe is one of the leading factor in the growth of the market
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Europe Automotive Aftermarket Industry Outlook Europe Automotive Aftermarket Industry Outlook 2025: Opportunity & Growth Analysis, 2017-2025 Request Full Market Report Sample Report Code :AM 1335 99 Wall Street, Suite No:- 527, New York, NY 10005 United States of America +1-646-568-7747 +1-437-886-1181 Office No:- 504, 5th Floor, C-51, BSI Business Park, Sector-62, Noida, PIN:- 201301 India +44-203-318-6627 +91-120-473-0422, +91-991- 071-6331 www.goldsteinresearch.com sales@goldsteinresearch. com Published By: Goldstein Research Copyright All Rights Reserved, Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com www.goldsteinresearch.com
Europe Automotive Aftermarket Industry Outlook Europe Automotive Aftermarket Industry Share(%), By Region-2017-2025 Europe Automotive Aftermarket Industry Size USD (Billion). 2017-2025 XX Request Full Market Report Sample XX% XX XX XX CAGR: (2017-2025) XX XX XX XX% XX XX XX% XX% XX% XX% XX% XX XX% XX XX% XX XX 2017 2025 XX% XX% XX% XX% XX% XX% XX XX% XX% XX% XX% XX U.K France Germany XX Spain BENELUX Netherland 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Sweden Italy Eastern Europe Source: Goldstein Research Source: Goldstein Research In 2017,Wear-and-Tear Parts accounted for the highest market share XX% in Europe Automotive Aftermarket Industry WithXX%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 XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% Wear-and-Tear Parts Service Providers (Telematics, Fleet Management etc.) Offline Distribution Channel Crash-Relevant Parts Accessories and Appearance Products Independent Workshops Diagnostics Products Online Distribution Channel Services (Fleet Management etc.) Automotive OEM Workshop Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research Source: Goldstein Research Source: Goldstein Research www.goldsteinresearch.com
Europe 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 Request Full Market Report Sample Technological Advancements Fuel Efficiency Stringent Emission Norms Europe Automotive Aftermarket Industry Size (USD Billion) Exports Domestic Sales USD XX Billion USD XX Billion 2017 USD XX Billion USD XX Billion 2025 Copyright All Rights Reserved, Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com www.goldsteinresearch.com
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Europe Automotive Aftermarket Industry Size (USD Billion) & Growth Analysis Europe Automotive Aftermarket Industry Size (USD Billion)-2017-2025 XX Request Full Market Report Sample XX XX XX XX XX XX XX XX XX XX XX XX XX XX XX 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Source: Goldstein Research 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. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Growth Drivers 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. Request Full Market Report Sample In addition to more complex parts, they can compensate for the declining share of traditional parts, repair and maintenance services during a car’s 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. Europe Share(%), By Technology Type-2016 Electric Vehicles Market Europe Telematics Market (USD Billions)- 2017-2025 XX XX XX XX XX XX XX XX Hybrid cars XX% XX XX XX% XX Plug-in Hybrid Cars XX XX XX% Battery Electric Vehicles XX XX 2016e 2017e 2018f 2019 2020 2021 2022 2023 2024f Source: Goldstein Research Source: Goldstein Research 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. High Medium Low Impact on Europe Automotive Aftermarket Industry Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Market Restraints 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. Request Full Market Report Sample Importance of Factors Differentiating the Service Offering 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 High Medium Low Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Europe Automotive Aftermarket Industry Outlook : 2017-2025 Europe 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 centers, the goal is to sell parts to these repair centers. aftermarket champions strive to control the whole breadth of distribution channels. Explorers in the emerging markets perform key functions such as R&D, sourcing, manufacturing and sales in emerging countries, but the aftermarket presence is still in the early implementation stage. This includes defining activities for marketing and sales, sourcing, planning, distribution and reverse logistics considerations for the whole supply and distribution chain. Request Full Market Report Sample Wear-and-Tear Parts XX% XX% XX% Crash-Relevant Parts XX% XX% XX% 2025 Accessories and Appearance Products 2017 XX% XX% repair Diagnostics Products XX% Mature XX% Services (Fleet Management etc.) Source: Goldstein Research Europe Automotive Aftermarket Industry Y-O-Y Growth, By Products and Services, 2017-2025 XX% XX% XX% XX% XX% XX% XX% XX% operational XX% as well as 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f Source: Goldstein Research Europe Automotive Aftermarket Industry Size (USD Billion), By Products and Services, 2017-2025 XX XX XX XX XX XX XX XX XX XX 2016 2024 Wear-and-Tear Parts Accessories and Appearance Products Crash-Relevant Parts Diagnostics Products Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Europe Automotive Aftermarket Industry Attractiveness and BPS Analysis, by Products and Services, 2017-2025 Europe Automotive Aftermarket Industry Attractiveness-By Products and Services, 2017-2025 12% Request Full Market Report Sample 10% 8% 6% CAGR (%) 4% 2% 0% 0 20 40 60 80 100 120 Market Size (USD Million) Wear-and-Tear Parts Crash-Relevant Parts Accessories and Appearance Products Diagnostics Products Services 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 XX% XX% XX% XX% Services (Fleet Management etc.) XX% XX% XX% XX% XX% Diagnostics Products XX% XX% XX% Accessories and Appearance Products XX% XX% XX% Crash-Relevant Parts XX% XX% XX% XX% Wear-and-Tear Parts XX% XX% 2016 2024 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Germany Automotive Aftermarket Market Size (USD Billion) & Y-O-Y growth (%), 2017-2025 Germany Automotive Aftermarket Market Size (USD Billion), Compound Annual Growth Rate (%), Y-O-Y Growth Rate (%), 2017-2025 XX% XX XX XX% XX% Request Full Market Report Sample XX XX XX XX% CAGR: (2017-2025) XX XX XX XX% XX XX XX XX XX% XX XX% XX XX% XX% XX% XX% XX% XX% XX% XX% XX XX% XX% XX XX% XX XX% XX -XX% 2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f Source: Goldstein Research 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.” XX Million XX Million Diesel Petrol Alternative Engines 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 Thousand XX Thousand XX Thousand XX Thousand Plug-in Hybrid Electric Liquid/Natural Gas 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. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Europe Attractiveness-By Country, 2017-2025 Automotive Aftermarket Market Europe Automotive Aftermarket Market Attractiveness-By Country, 2017-2025 XX% XX% Request Full Market Report Sample XX% XX% XX% CAGR (%) XX% XX% XX% XX% XX% XX% XX XX XX XX XX XX XX Market Size (USD Billion) UK France Germany Italy Spain BENELUX Sweden Norway Russia RoEU Source: Goldstein Research 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 XX% XX% XX% XX% XX% Canada XX% XX% XX% XX% XX% US XX% XX% XX% XX% XX% 2016 2024 Source: Goldstein Research Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
Europe Automotive Aftermarket Industry Outlook ZF Friedrichshafen AG (Company Overview & Business Strategy) Request Full Market Report Sample Founded 1915 Website www.zf.com Employees 146,148 Headquarters Germany Company Overview Business Divisions 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. Construction and Agricultural Machinery The Company operates through four geographic segments: Americas; Europe, Pacific(APAC). Marine Craft and Aircraft Africa and Asia Special and Rail Vehicles The transmissions for commercial vehicles, cars, aircraft, and marine vessels. ZF also makes rail transmissions and industrial drives such as servo gearboxes. company makes automatic and manual Wind Power Its 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. off-road division makes transmissions for Passenger Cars Light Commercial Vehicles 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. Copyright All Rights Reserved, Goldstein Research www.goldsteinresearch.com
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