TechNavio today launched its report, Automotive Aftermarket in Western Europe 2011-2015, based on an in-depth analysis focusing exclusively on Europe. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”Aftermarket vendors are providing automotive electronics such as night-vision devices, global positioning systems, and parking-assist systems. This trend is being witnessed mainly because of the growing consumer demand for features such as entertainment, emergency assistance, gaming, information, and navigation. Since consumers are spending a good part of their day in their car, there is a growing demand for high-quality audio and information content while on the road. These demands are forcing many of the vendors to expand their market reach further. Hence, the increased use of electronics is a major trend observed in the Automotive Aftermarket in Western Europe.”
According to the report, currently, vehicles are becoming more advanced through an amalgamation of driveline and other material-associated innovations. The use of advanced technologies to manufacture electric battery, hybrid, and fuelcell-powered vehicles is increasing around the world, along with the development of alternative fuels like CNG and ethanol, which add complexity to the service proposition. Moreover, the shift in the Automotive industry from mechanical to electrical and electronic systems opens up new opportunities as well as challenges. This transition is driving the growth in demand for replacement products and new service technologies.
Further, the report reveals that the improved quality of automotive parts is a major threat to the vendors in this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/automotive-aftermarket-western-europe-2…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Automotive Aftermarket in Western Europe 2011-2015
