Growing European and global aftersales

Publié le 03/01/2023

Caroline Ridet

La valeur des stocks est en hausse dans les secteurs VL comme PL, versus 3e trimestre 2022 mais aussi depuis le début de l'année.

After the 2020 “airpocket”, aftermarket activity continued to recover on all global markets. The United States and China have exceeded 2019’s aftermarket turnover, the pre-Covid benchmark year.

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On the other hand, Europe will need to wait until 2023. According to Temot* estimates, the EU automotive aftermarket should end 2022 with turnover of $104 billion (€98 billion), 5% growth compared to 2021. Note that the sector has not yet returned to the level of business of 2019. This growth is below the 7% mark recorded on the main world markets** for a total of $417 billion (€393billion), more or less on the same trend as China or the USA.

ITGs have extended the outlook to 2025. Over the period2020-202 global growth should reach 5.7%, to reach nearly $480 billion (€452 billion). According to this assumption, Europe would increase by 8.5% ($114 billion - €107 billion), while the United States would post a 10% rise ($108 billion - €101 billion) and China 17% ($68 billion - €64 billion).
* Sources: GiPA, GlobalData, IHS, Roland Berger.
** Europe, North America, China, India, Latin America.