Germany Automotive After Market Size & Outlook, 2023-2030
Germany automotive aftermarket market, 2017-2030 (US$M)
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Germany automotive aftermarket market highlights
- The Germany automotive aftermarket market generated a revenue of USD 22,104.7 million in 2023 and is expected to reach USD 24,796.1 million by 2030.
- The Germany market is expected to grow at a CAGR of 1.7% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement part in 2023.
- Turbochargers is the most lucrative replacement part segment registering the fastest growth during the forecast period.
Automotive aftermarket market data book summary
| Market revenue in 2023 | USD 22,104.7 million |
| Market revenue in 2030 | USD 24,796.1 million |
| Growth rate | 1.7% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Turbochargers |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake Parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers |
| Key market players worldwide | 3M Co, Continental AG, Goodyear Tire & Rubber Co, Denso Corp, HELLA GmbH & Co KGaA, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, Germany accounted for 4.9% of the global automotive aftermarket market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany automotive aftermarket market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 19,130.2 million by 2030.
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Automotive Aftermarket Market Scope
Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany automotive aftermarket market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive aftermarket market will help companies and investors design strategic landscapes.
Tire was the largest segment with a revenue share of 22.24% in 2023. Horizon Databook has segmented the Germany automotive aftermarket market based on tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, exhaust components, turbochargers covering the revenue growth of each sub-segment from 2017 to 2030.
According to the Federal Motor Transport Authority of Germany, the number of vehicles in operation in Germany reached 56.4 million units in 2018, an increase of 1.6% as compared to that in 2017. The number of vehicles that were in operation in Germany in 2018 was the highest in Europe. This signifies a vast automotive glass aftermarket in Germany as compared to other European countries.
Moreover, Germany is also witnessing an increase in the number of road traffic accidents. According to the Federal Statistical Office, road traffic accidents increased by 2.7% in 2018 as compared to the last year. This is likely to augment the demand for aftermarket automotive glass.
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Our clientele includes a mix of automotive aftermarket market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany automotive aftermarket market , including forecasts for subscribers. This country databook contains high-level insights into Germany automotive aftermarket market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany automotive aftermarket size, by replacement part, 2017-2030 (US$M)
Germany Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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