X-ray of the European aftermarket sector

The independent aftermarket sector in Europe is one of the most important areas of the economy. According to a study conducted by Wolk and Clepa (the European Association of Automotive Suppliers), the independent aftermarket accounts for more than 80% of the market share of parts and services in Europe. In addition, this market contributes around 4% of European GDP and employs more than 4 million people.

5 reasons for the strength of the European aftermarket sector

The sector, which includes sales and services related to vehicle maintenance, repair and customisation, is a crucial component of the European economy.

  • One of the reasons why after-sales is so important is that it maintains and extends the life of vehicles. Cars are a durable good, but they require continuous maintenance and repair.
  • In a context of instability, citizens are more cautious about investing in a new vehicle, preferring to extend the life of their current vehicle. In addition, the aftermarket offers innovative and high quality solutions for vehicle maintenance and repair.
  • The independent aftermarket sector is an important source of employment and wealth. According to a study conducted by CLEPA, the aftermarket employs more than 4 million people in Europe and contributes around 4% of European GDP. This translates into an important source of employment and wealth for the region.
  • Another reason why the aftermarket sector is important in Europe is because it promotes competition and consumer choice. Competition among after-sales providers means that consumers have a wide range of options available to them, allowing them to choose solutions that best suit their needs and budget. This, in turn, increases the quality of aftermarket solutions and encourages innovation and the continuous development of new solutions for the market.
  • Finally, the aftermarket sector is also important for sustainability and environmental protection. The maintenance and repair of existing vehicles is an important way to reduce the amount of waste and emissions produced by the automotive industry. The aftermarket also promotes the use of high quality replacement parts, which reduces the need to manufacture new parts and reduces the carbon footprint of the automotive industry.

What is the estimated value of the aftermarket in Europe?

It is estimated to be worth more than €400 billion, with more than 500,000 companies and 4.2 million employees across the continent. So it is, and will continue to be, a relevant sector for the economy of EU countries.

A recent report by McKinsey & Company predicts that this market will continue to grow in the coming years, driven by the increasing age of the car fleet and the increasing complexity of modern vehicles.

One of the major players in this market is BCAR, which is committed to offering high-quality parts that meet the highest industry standards. BCAR is in a unique position to help maintain and improve the European car fleet, while contributing to the economic development and sustainability of the continent.