Germany Automotive Aftermarket Market

Germany Automotive Aftermarket Market Overview:

The Germany automotive aftermarket market is projected to exhibit a growth rate (CAGR) of 3.50% during ​2024-2032​. The increasing vehicle age, the growing demand for improved vehicle performance and safety, the expanding e-commerce sector, the rising trend of DIY (do-it-yourself) repairs, technological advancements in automotive components, and rising vehicle ownership rates are some of the major factors propelling the growth of the market.

Germany Automotive Aftermarket Market Trends:

Rising Vehicle Ownership

The high rate of vehicle ownership in Germany leads to a steady demand for aftermarket services and products. For instance, at the beginning of 2023, 60.1 million road motor vehicles (passenger cars, lorries, road tractors for semi-trailers, buses and coaches, motorcycles, motorcycles n.e.c. and other road motor vehicles) were registered in Germany. The growth, which has continued for many years, led to an all-time high in the stock of road motor vehicles in Germany in 2023. According to the data from Germany Trade & Invest (GTAI), Germany is Europe’s biggest automotive market; number one in production and sales terms, accounting for around 25% of all passenger cars manufactured and almost 20% of all new registrations.

Automotive Technological Advancements

Innovations in automotive technology require regular updates and replacements of parts, contributing to market growth. For instance, Vibracoustic, a leading global automotive noise, vibration, and harshness (NVH) expert, is developing new NVH technologies to equip commercial vehicles with low- and zero-emissions powertrains. Vibracoustic has leveraged its experience and expertise to anticipate the industry’s evolution and created NVH-optimized mounting systems for battery packs, electric motors, and fuel cells. A 2023 survey by the German Association of the Automotive Industry (VDA) in cooperation with the German Economic Institute (IW) shows revealed that 60% of the medium-sized automotive companies surveyed have already worked with start-ups. This means that 6 out of 10 companies have already leveraged the potential of cooperation between established companies and start-ups to carry out innovations and advance the digitization of the industry. Similarly, in July 2020, Governor Brian P. Kemp announced that GEDIA Automotive Group, a family-owned international company that specializes in making state-of-the-art automotive parts, will build an advanced manufacturing facility that will begin production with a focus on parts for electric vehicles.

Germany Automotive Aftermarket Market News:

• In March 2024, the Volkswagen Group enhanced its strategic collaboration with Mobileye to accelerate the development of automated and autonomous driving technologies. Volkswagen will integrate Mobileye's SuperVision and Chauffeur platforms into its Audi, Bentley, Lamborghini, and Porsche brands. This partnership aims to bring new automated driving functions to series production, including advanced assistance systems for highway and urban driving. These systems will feature capabilities such as automated overtaking on multilane highways, automatic stopping at red lights and stop signs, and support at intersections and roundabouts.
• In June 2023, Ford Motor Co. invested $2 billion to retool its Cologne, Germany, factory to produce 250,000 electric vehicles each year. The factory is designed to be highly efficient, Ford said, with a new production line, battery assembly capacity, and state-of-the-art automation. The Cologne EV plant will be key to achieving the automaker’s goal of producing 2 million EVs annually by 2026.

Germany Automotive Aftermarket Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on replacement parts, certification, and distribution channel.

Replacement Parts Insights:

• Turbochargers
• Body Parts
• Lighting and Electronic Components
• Filters
• Brake Parts
• Exhaust Components
• Wheels
• Battery
• Others
   

The report has provided a detailed breakup and analysis of the market based on the replacement parts. This includes turbochargers, body parts, lighting and electronic components, filters, brake parts, exhaust components, wheels, battery, and others.

Certification Insights:

• Genuine Parts
• Uncertified
• Certified Parts
   

A detailed breakup and analysis of the market based on the certification have also been provided in the report. This includes genuine parts, uncertified, and certified parts.

Distribution Channel Insights:

• Distributors
• Wholesalers
• Retailers
   

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes distributors, wholesalers, and retailers.

Regional Insights:

• Western Germany
• Southern Germany
• Eastern Germany
• Northern Germany
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Western Germany, Southern Germany, Eastern Germany, Northern Germany.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Germany Automotive Aftermarket Market Report Coverage:

Key Questions Answered in This Report:

• How has the Germany automotive aftermarket market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Germany automotive aftermarket market?
• What is the breakup of the Germany automotive aftermarket market on the basis of replacement parts?
• What is the breakup of the Germany automotive aftermarket market on the basis of certification?
• What is the breakup of the Germany automotive aftermarket market on the basis of distribution channel?
• What are the various stages in the value chain of the Germany automotive aftermarket market? 
• What are the key driving factors and challenges in the Germany automotive aftermarket?
• What is the structure of the Germany automotive aftermarket market and who are the key players?
• What is the degree of competition in the Germany automotive aftermarket market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Germany automotive aftermarket market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Germany automotive aftermarket market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Germany automotive aftermarket industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.