The Germany automotive aftermarket size is expected to reach USD 23.4 billion by 2025, registering a 1.1% CAGR from 2019 to 2025, according to a new study by Grand View Research, Inc. The market is expected to be driven by technological advancements, shift in competitive power with the rise of new players, and evolving customer expectations. Germany is among the most prominent automotive vehicle manufacturer countries and reports the most significant demand and sales for automobiles. Moreover, vehicle parc has witnessed substantial growth in the last few years owing to surging vehicle sales. Significant vehicle parc has led to increased replacement of various automotive parts, which will translate to high growth opportunities for the market. Furthermore, online retail tailored services and innovative business models will support the growth of aftermarket parts over the forecast period. Most market players in the value chain, from OEMs and OESs to wholesalers, workshops, and insurers, are looking to benefit from online automotive parts sales, which is further estimated to give the market a boost. Another fact supporting online automotive parts sales is that 70% of the people residing in Germany have regular internet access. Online aftermarket channels have grown at a faster pace in the country and this is expected to provide lucrative opportunities for accessories and spare parts providers. Some spare parts wholesalers have also developed online concepts, which is based on online shops as well as offering via third-party retail providers. This is expected to benefit market growth in the coming years. There has been a significant ongoing revolution in the aftermarket, specifically in the sales and distribution channel segments. Small players have to fulfill customer requirements in order to keep up with the competitive pace of top players. This requires electronic tools with specialization in basic service models in order to retain or strengthen their position in the market. Automotive centers, franchise operations, and fast fitters are emerging as a prominent service chain in the market for certified part sales. This trend is influenced by the sales of the independent market and substantial rise in do-it-for me (DIFM) and do-it-yourself (DIY) customers. Further key findings from the report suggest: • In terms of replacement part, the wheels segment is estimated to gain high traction in the market. Rising performance of wheels with aluminum and magnesium materials has fueled the adoption of the same • By distribution channel, retailers accounted for the dominant market share in 2018. However, growth in the segment is expected to be rather slow, allowing wholesalers and distributers to overtake its lead position by 2025 • While original equipment manufacturers held the lead in 2018, in terms of sales channel, the DIY and DIFM segments are anticipated to register significant traction over the coming years, owing to the sustainable growth of e-commerce • Based on certification, the genuine parts segment is expected to retain the lead position over the forecast period. Certified parts will register the fastest growth through 2025 • Key participants in the Germany automotive aftermarket include namely 3M, Continental AG, Delphi Automotive PLC, Denso Corporation, and Federal-Mogul Corporation.
Table of Contents Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary 2.1 Germany Automotive Aftermarket - Market Snapshot & Key Buying Criteria, 2014 - 2025 Chapter 3 Germany Automotive Aftermarket Variables, Trends & Scope 3.1 Market Segmentation & Scope 3.2 Germany Automotive Aftermarket Size and Growth Prospects 3.3 Germany Automotive Aftermarket - Value Chain Analysis 3.3.1 Germany Automotive aftermarket - Supply chain analysis 3.4 Market Dynamics 3.4.1 Market Driver Analysis 188.8.131.52 Innovative technology usage in auto parts fabrication 184.108.40.206 Surge in consumer and passenger automobile production 220.127.116.11 Digitalization of automotive repair & maintenance services 18.104.22.168 Increasing stringency of emission & fuel efficiency regulations and engine downsizing 3.4.2 Market Restraint Analysis 22.214.171.124 Rising legal issues regarding the copyright infringemnet 3.5 Penetration & Growth Prospect Mapping 3.6 Industry Analysis - Porter's 3.7 Germany Automotive Aftermarket - PEST Analysis Chapter 4 Germany Automotive Aftermarket: Replacement Part Estimates and Trend Analysis 4.1 Germany Automotive Aftermarket: Replacement Part Movement Analysis 4.1.1 Germany automotive aftermarket by replacement parts Chapter 5 Germany Automotive Aftermarket: Distribution Channel Estimates and Trend Analysis 5.1 Germany Automotive Aftermarket: Distribution Channel Movement Analysis 5.1.1 Germany automotive aftermarket by distribution channel Chapter 6 Germany Automotive Aftermarket: Service Channel Estimates and Trend Analysis 6.1 Germany Automotive Aftermarket: Service Channel Movement Analysis 6.1.1 Germany automotive aftermarket by service channel Chapter 7 Germany Automotive Aftermarket: Certification Estimates and Trend Analysis 7.1 Germany Automotive Aftermarket: Certification Movement Analysis 7.1.1 Germany automotive aftermarket by certification Chapter 8 Competitive Landscape 8.1 Company Profiles 8.1.1 3M 126.96.36.199 Company overview 188.8.131.52 Financial performance 184.108.40.206 Product benchmarking 220.127.116.11 Recent developments 8.1.2 Continental AG 18.104.22.168 Company overview 22.214.171.124 Financial performance 126.96.36.199 Product benchmarking 188.8.131.52 Recent developments 8.1.3 Delphi Automotive PLC 184.108.40.206 Company overview 220.127.116.11 Financial performance 18.104.22.168 Product benchmarking 22.214.171.124 Recent developments 8.1.4 Denso Corporation 126.96.36.199 Company overview 188.8.131.52 Financial performance 184.108.40.206 Product benchmarking 220.127.116.11 Recent developments 8.1.5 Federal-Mogul Corporation 18.104.22.168 Company overview 22.214.171.124 Financial performance 126.96.36.199 Product benchmarking 188.8.131.52 Recent developments 8.1.6 Magneti Marelli S.p.A. 184.108.40.206 Company overview 220.127.116.11 Product benchmarking 18.104.22.168 Recent developments 8.1.7 Robert Bosch GmbH 22.214.171.124 Company overview 126.96.36.199 Financial performance 188.8.131.52 Product benchmarking 184.108.40.206 Recent developments 8.1.8 The Goodyear Tire & Rubber Company 220.127.116.11 Company overview 18.104.22.168 Product benchmarking 22.214.171.124 Recent developments 8.1.9 ZF Friedrichshafen AG (ZF TRW) 126.96.36.199 Company overview 188.8.131.52 Financial performance 184.108.40.206 Product benchmarking 220.127.116.11 Recent developments 8.1.10 COOPER TIRE & RUBBER COMPANY 18.104.22.168 Company overview 22.214.171.124 Financial performance 126.96.36.199 Product benchmarking 188.8.131.52 Recent developments
List of Tables TABLE 1 Germany automotive aftermarket - Industry snapshot & key buying criteria, 2014 - 2025 TABLE 2 Germany automotive aftermarket - Key market driver impact TABLE 3 Germany automotive aftermarket - Key market restraint impact TABLE 4 Germany automotive aftermarket by replacement parts, 2014 - 2025 (USD Billion) TABLE 5 Germany automotive aftermarket by distribution channel, 2014 - 2025 (USD Billion) TABLE 6 Germany automotive aftermarket by service channel, 2014 - 2025 (USD Billion) TABLE 7 Germany automotive aftermarket by certification, 2014 - 2025 (USD Billion)
List of Figures FIG. 1 Market segmentation & scope FIG. 2 Germany automotive aftermarket size and growth prospects FIG. 3 Germany automotive aftermarket - Value chain analysis FIG. 4 Germany automotive aftermarket: Replacement parts movement analysis FIG. 5 Germany automotive aftermarket: Distribution channel movement analysis FIG. 6 Germany automotive aftermarket: Service channel movement analysis FIG. 7 Germany automotive aftermarket: Certification movement analysis
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