The Germany automotive aftermarket size is expected to reach USD 24.80 billion by 2030, registering to grow at a CAGR of 1.5% from 2024 to 2030 . 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.
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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.
Germany Automotive Aftermarket Report Highlights
- The tire segment dominated the market and accounted for a revenue share of 22.2% in 2023. The growth of this segment is primarily influenced by recent changes in consumer behavior which highlights inclination towards highest quality products over brand loyalty.
- The retail segment accounted for the largest revenue share in 2023. Law passed regarding limiting the design protection of visible automotive spare parts has influenced this segment significantly.
- Based on service channel, the Original Equipment (OE) segment dominated the global market in 2023. The growth of this segment is influenced by the increase in the demand for OE, as customers prefer the original parts, which are more reliable and have a longer life. Customers upgrade their old vehicles with original parts to enhance their performance and increase the economy.
- The genuine segment held the largest revenue share of Germany automotive aftermarket in 2023. This is attributed to the rise in the demand for genuine automotive parts, which are authentic and reliable because the car companies or OEMs manufacture them. The parts provide superior quality and long life.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments
- Competitive Landscape: Explore the market presence of key players worldwide
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market
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This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
The leading players in the Germany Automotive Aftermarket include:
- 3M
- Continental AG
- PHINIA Inc.
- Denso Corporation
- Federal-Mogul Corporation (Tenneco Inc.)
- Marelli Holdings Co., Ltd.
- Robert Bosch GmbH
- The Goodyear Tire & Rubber Company
- ZF Friedrichshafen AG
- OE Germany GmbH
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Germany Automotive Aftermarket Variables, Trends, & Scope
Chapter 4. Germany Automotive Aftermarket: Replacement Part Estimates & Trend Analysis
Chapter 5. Germany Automotive Aftermarket: Distribution Channel Estimates & Trend Analysis
Chapter 6. Germany Automotive Aftermarket: Service Channel Estimates & Trend Analysis
Chapter 7. Germany Automotive Aftermarket: Certification Estimates & Trend Analysis
Chapter 8. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- 3M
- Continental AG
- PHINIA Inc.
- Denso Corporation
- Federal-Mogul Corporation (Tenneco Inc.)
- Marelli Holdings Co., Ltd.
- Robert Bosch GmbH
- The Goodyear Tire & Rubber Company
- ZF Friedrichshafen AG
- OE Germany GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | October 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 22.1 Billion |
| Forecasted Market Value ( USD | $ 24.8 Billion |
| Compound Annual Growth Rate | 1.5% |
| Regions Covered | Germany |
| No. of Companies Mentioned | 10 |
