Article -> Article Details
| Title | Germany Automotive Aftermarket Market Share Analysis, Growth and Size Report 2033 |
|---|---|
| Category | Automotive --> Automotive Parts |
| Meta Keywords | Germany Automotive Aftermarket Market |
| Owner | akshaykumar |
| Description | |
| Germany Automotive Aftermarket Market Forecast by 2033 Market Size in 2024: USD XX The Germany automotive aftermarket market is projected to grow at a CAGR of 3.36% between 2025 and 2033. The industry is supported by increasing vehicle ownership, rising demand for performance and safety upgrades, and the expansion of e-commerce platforms that make automotive parts more accessible to consumers. Growth Drivers of the German Automotive Aftermarket Market Rising Vehicle Ownership and Aging Fleet Car ownership rates are high in Germany, which is in Europe. In 2023, Germany had 60.1 million road motor vehicles registered, including passenger cars, lorries, buses, and motorcycles as well. As more vehicles age, there is a higher demand for aftermarket products and services. Since the car fleet is constantly growing, demand for aftermarket products such as filters, brake parts, and batteries, is also growing. Despite expected fluctuations, Germany continues to be the biggest European automotive market, producing nearly 25% of Europe's passenger cars and accounting for a fifth of new registrations. Technological Advancements in Automotive Components The growth of electric and hybrid electric vehicles has also affected the aftermarket industry, and suppliers such as Vibracoustic have developed NVH products and systems for low- and zero-emission vehicles, including NVH optimized mounting systems for battery packs, electric motors and fuel cells. Several OEM-start-up partnerships have also emerged. In 2023, according to a survey conducted by the German Association of the Automotive Industry (VDA), 60% of mid-market automotive companies were collaborating with startups for digitization and innovation, which also led to new opportunities for aftermarket suppliers in an industry undergoing rapid technological advancement. Investments in Electric Vehicle Manufacturing Germany's EV production plans also affect the aftermarket. Ford Motor Co. announced in June 2023 that it would invest $2 billion so it transforms its Cologne, Germany plant for EV production with an annual capacity of 250,000. The Volkswagen Group invests with Mobileye in 2024 in autonomous driving technology in its premium brands and is expected to create future aftermarket demand for specialty parts such as EV batteries, sensors, and ADAS systems. Request a Sample Report here: https://www.imarcgroup.com/germany-automotive-aftermarket-market/requestsample Germany Automotive Aftermarket Market Segmentation Replacement Parts Insights:
Certification Insights:
Distribution Channel Insights:
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Competitive Landscape The competitive landscape of the industry has also been examined along with the profiles of the key players. Germany Automotive Aftermarket Market News
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization. About Us: IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research. | |