TechNavio today launched its report Automotive Aftermarket in Europe 2011-2015 based on an in-depth study exclusively focusing 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 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 the car, there is a growing demand for high-quality audio and information content while on the road. These demands are forcing several vendors to expand their market reach further. Hence, the increased use of electronics is a major trend observed in the Automotive aftermarket in Europe.”
According to the report, the Automotive aftermarket in Europe is witnessing growing demand for good-quality and high-performance components. As a result of the increasing number of vehicles on the road and lack of public transportation, the use of personal vehicles has increased, which is consequently pushing the demand for automotive parts and accessories. The maintenance and servicing of older vehicles also contributes to the demand for good-quality parts. Furthermore, aggressive driving habits lead to faster wearing out of vehicles, which also drives this market. All these factors contribute to the growth of the Automotive aftermarket in Europe.
Further, the report also discusses that the lack of qualified technicians in this market has led to end-users leaning toward the Original Equipment 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 players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/XnDgr
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TechNavio Announces the Publication of its Report – Automotive Aftermarket in Europe 2011-2015
