“The European Service Parts Market 2012 - 2020: Market size, Market Forecast and Recommendations”, a Trend Report by GlobalData, provides an executive-level overview of the European vehicle service parts market.
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This report summarizes the state of the European service parts market. Like all aftermarket components, the service parts market was adversely affected by Europe’s economic recession, with some markets experiencing lasting effect as a result of austerity.
During times of recession, people will typically opt to repair their cars rather than replace them, seeking to pay cheaper prices for the components that are fitted as they do.
Cheaper components are often less durable so volumes would be expected to increase over the longer term. The markets for components such as engine oil continue to be affected by a number of factors, including emissions regulations, fuel economy and durability.
This report outlines the major issues currently affecting service parts in the European service parts market.
Reasons to access
- This Trend Report helps executives build proactive, profitable growth strategies by offering comprehensive, relevant analysis of the European service parts market based on insights from within GlobalData’s proprietary aftermarket database, consumer insight from our bespoke annual survey and interviews with industry experts.
- The report is designed for an executive-level audience, boasting presentation quality that allows it to be turned into presentable material immediately.
- The broad but detailed perspective will help manufacturers and retailers to understand and succeed in the challenging service parts market.
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