Research and Markets: European Light Vehicle Aftermarket Expected to Decline in Value By EUR1.2 Billion Between 2003 and 2008
DUBLIN, Ireland, May 17, 2005 -- Research and Markets (http://www.researchandmarkets.com/reports/c17550 ) has announced the addition of Car Aftermarket In Europe to their offering.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH )
The aftermarket is a highly competitive and mature marketplace -- and over the period 2003 to 2008, the European market is expected to decline in value. This headline statistic masks significant variations in market growth by country, channel, market segment and product. This brief quantifies and explains these significant differences by market.
This report provides coverage of ten European markets -- Germany, France, Spain, Italy, UK, Netherlands, Belgium, Austria, Switzerland and Portugal. Trends across the key distribution channels -- fast fit, autocentres, tyre specialists, independent garages, vehicle manufacturer networks are covered.
Report Highlights:
The European Light Vehicle Aftermarket represents a huge opportunity -- it is currently worth EUR146 billion across 10 markets (Germany, Italy, France, UK, Spain, Netherlands, Belgium, Austria, Switzerland, Portugal).
The market is expected to decline in value by EUR1.2 billion between 2003 and 2008 driven by lower replacement volumes and competitive pricing, partially offset by growth in the car parc. This decline in value will be accompanied by a "shake-out" amongst retail networks, resulting in a reduction of over 39,000 in outlet numbers over these years.
However, these macro trends hide significant variations between countries, channels, market segments and products pockets of growth remain.
This report provides a strategic overview of the key differences in the structure of the main European markets. It quantifies the forecast development in the European aftermarket by country and channel.
For more information visit http://www.researchandmarkets.com/reports/c17550
Laura Wood Senior Manager Research and Markets press@researchandmarkets.com Fax: +353 1 4100 980Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040820/RESEARCH
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