Mechanical Parts Total Volumes Grew 8.6% Across Europe Between 2012 and 2016

Albany, New York, February 25, 2017: Market Research Hub has recently announced the addition of a new report to it broad database titled as “The European Mechanical Parts Market, 2012 - 2020; Market size, market forecast and recommendations”. Overall, the European mechanical parts market grew, both in volume and value terms, with growth in values outstripping the growth seen in volumes.

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Total volumes grew 8.6% across Europe between 2012 and 2016. Values for the same group of components grew 13.8%. The strong growth between 2012 2016 is forecast to continue, with overall volumes forecast to grow 4.6% and values by 9.5%.

The radiator market in Europe experienced solid growth in the years following the financial crisis, and has shown strong growth in recent years growing 8.6% between 2012 and 2016. The strong growth is set to continue, albeit at a slightly lower rate, with growth of 5.0% overall being forecast between 2017 and 2020.
The strong growth in radiator volumes has been exceeded by the very significant growth in the value of the radiator market. Value has been growing steadily in a number of markets, as the majority of markets remain dominated by premium brands. The European radiator market saw overall values grow by 14.3% between 2012 and 2016, and is expected to grow further, increasing by 9.7% by 2020.

Meanwhile, with increasingly complex clutch technology in the aftermarket, replacement rates as well as volumes have slowly fallen as product longevity has grown.
However, this increased longevity typically comes with a higher price tag, and consequently, value has grown and is forecast to continue increasing as clutch prices rise year-on-year. As a result, overall clutch volumes are forecast to increase by 4.3% by 2020, yet values are predicted to grow by 9.5% over the same period.
Starter motor and alternator technologies are also driving value growth, reflecting the growing prevalence of complex start-stop technologies in the vehicle parc. In addition, certain manufacturers offer integrated starter-alternator generators, which command a higher price. As a result, the volumes and values of starter motors are forecast to increase by 5.0% and 9.7% by 2020, whilst the volumes and values of alternators are forecast to increase by 4.8% and 21.4%.

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Key Findings

- Starter motors and alternators Starter motor and alternator technologies are driving value growth, reflecting the growing prevalence of complex start-stop technologies in the vehicle parc. In addition, certain manufacturers offer integrated starter-alternator generators, which command a higher price. As a result, the volumes and values of starter motors are forecast to increase by 5.0% and 9.7% by 2020, whilst the volumes and values of alternators are forecast to increase by 4.8% and 21.4%
- Radiator market volumes and values are both forecast to grow by 2020 The radiator market in Europe experienced solid growth in the years following the financial crisis, and has shown strong growth in recent years growing 8.6% between 2012 and 2016. The strong growth in volumes is set to continue, albeit at a slightly lower rate, with growth of 5.0% overall being forecast between 2017 and 2020. The European radiator market saw overall values grow by 14.3% between 2012 and 2016, and is expected to grow further, increasing by 9.7% by 2020.
- The European clutch market values and volumes are both set to grow by 2020 The European clutch market is evolving; major players have left the market, whilst there has been a small increase in the number of Chinese brands entering the market, although until now, they have not made much of an indent in the market. Overall clutch volumes are forecast to increase by 4.3% by 2020, yet values are predicted to grow by 9.5% over the same period. At the channel level, the market remains wedded to the manufacturer network, with some independents choosing not to fit clutches because of the time and effort required to replace a modern dual mass clutch. This means that specialist clutch centers have the opportunity to gain a larger share of the UK market.

Synopsis

The European Mechanical Parts Market 2012-2020, a Trend Report by GlobalData, provides an executive-level overview of the European vehicle mechanical parts market today, with forecasts of values and volumes up to 2020. It delivers deep quantitative and qualitative insight into the European mechanical parts market, analyzing key trends in the market based on proprietary data from GlobalDatas aftermarket databases.

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ReasonsToBuy

- This Trend Report helps executives build proactive, profitable growth strategies by offering comprehensive, relevant analysis of the European mechanical parts market based on insights from within GlobalDatas proprietary aftermarket database, consumer insight from our bespoke annual survey and interviews with industry experts.
- The report is designed for an executive-level audience, boasting presentation quality that allows it to be turned into presentable material immediately.
- The broad but detailed perspective will help manufacturers and retailers to understand and succeed in the challenging mechanical parts market.

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