Italy Automotive Aftermarket Market Growth, Size, Trends, Share, Revenue and Future Competition: SPER Market Research

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Published: Dec 2023	Report ID: AMIN23187	Pages: 1 - 108	Formats^*:
Category : Automotive & Transportation

Italy Automotive Aftermarket Market Introduction and Overview

According to SPER Market Research, the Italy Automotive Aftermarket Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.

The report includes an in-depth analysis of the Italy Automotive Aftermarket Market, including market size and trends, product mix, distribution channels, and supplier analysis. After a vehicle is sold, the automotive aftermarket industry reprocesses, retails, distributes, and installs car components and equipment. Replacement, performance, appearance, and collision parts are all available in the aftermarket. The adoption of advanced technologies has resulted in the digitalization of automotive repair and component sales, which has increased the popularity of the aftermarket. Furthermore, the automotive aftermarket, which depends greatly on consumers, cannot function without them. Significant technological advancements in the automotive industry have forced the aftermarket sector to adapt constantly to changing customer demands.

Market Opportunities and Challenges

Drivers: OEMs are aggressively entering the aftermarket to present opportunities for market expansion. Original equipment manufacturers have been more active and focused in the automotive parts aftermarket value chain. One way they have done this is by establishing networks of repair shops that are not brand-specific. In order to compete with independent aftermarket players and retain customers in their networks, major market players have introduced second service formats, second brands (such as VW Direkt Express), or remanufactured parts in an effort to keep up with the vehicle-age-driven market. In order to retain customers and automate decision-making regarding maintenance and repair, OEMs are also investing in customer experience optimization initiatives and launching distinctive aftermarket service offerings. One example of this is the use of vehicle connectivity.

Challenges: Increased Sales of Electric Vehicles and the Adoption of Vehicle Safety Technologies Will Restrain Market Growth. Cars, especially tires and brakes, which are exposed to severe driving conditions every day, can endure less wear and tear thanks to the use of sensors in cars, which promotes optimal driving behaviour. This element lessens the need for replacements, which could impede the advancement of the industry. Moreover, continuous research and development for novel raw materials to lessen vehicle part deterioration also restricts product penetration.

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Market Competitive Landscape

The market for Italy Automotive Aftermarket is moderately fragmented. The following companies are some of the major players include, Brembo SpA, Compagnie Generale des Etablissements Michelin SCA, Continental AG, Era Spa, Robert Bosch GmbH.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Application, By Distribution, By Vehicle Type, By Position
Regions covered	Eastern Region, Western Region, Southern Region, Northern Region
Companies Covered	Brembo SpA, Compagnie Generale des Etablissements Michelin SCA, Continental AG, Era Spa, Robert Bosch GmbH

COVID-19 Impact on Italy Automotive Aftermarket Market

The Italian automotive aftermarket market has been greatly affected by the COVID-19 pandemic, which has created a complicated range of opportunities and challenges for the sector. Vehicle usage significantly decreased as lockdowns and other measures were taken to stop the virus's spread, which in turn decreased demand for aftermarket goods and services. Economic uncertainty combined with supply chain disruptions made the market even more difficult to operate in because both consumers and companies had limited resources. Routine maintenance and repair operations were impacted, adding to the industry's problems, when auto repair shops and service centers were forced to close during lockdowns.

Key Target Audience

Vehicle Owners/Consumers
Automotive Repair Shops and Technicians
Automotive Retailers and Distributors
Automotive Manufacturers and Original Equipment Manufacturers (OEMs)
Fleet Managers
Insurance Companies

Our in-depth analysis of the Italy Automotive Aftermarket Market includes the following segments:

By Application:	Electrical Products Engine Component Infotainment and Multimedia Seat and Steering Covers Tires and Wheels Others
By Distribution:	OEM Third Party Vendors
By Vehicle Type:	Two Wheeler Passenger Car Commercial Vehicle
By Position	External Accessories Internal Accessories
By Region:	Eastern Region Western Region Southern Region Northern Region

Key Topics Covered in the Report

Italy Automotive Aftermarket Market Size (FYâ€™2023-FYâ€™2033)
Overview of Italy Automotive Aftermarket Market
Segmentation of Italy Automotive Aftermarket Market By Application (Electrical Products, Engine Component, Infotainment and Multimedia, Seat and Steering Covers, Tires and Wheels, Others)
Segmentation of Italy Automotive Aftermarket Market By Distribution (OEM, Third Party Vendors)
Segmentation of Italy Automotive Aftermarket Market By Vehicle Type (Two Wheeler, Passenger Car, Commercial Vehicle)
Segmentation of Italy Automotive Aftermarket Market By Position (External Accessories, Internal Accessories)
Expansion Analysis of Italy Automotive Aftermarket Market
Problems and Obstacles in Italy Automotive Aftermarket Market
Competitive Landscape in the Italy Automotive Aftermarket Market
Impact of COVID-19 and Demonetization on Italy Automotive Aftermarket Market
Details on Current Investment in Italy Automotive Aftermarket Market
Competitive Analysis of Italy Automotive Aftermarket Market
Prominent Players in the Italy Automotive Aftermarket Market
SWOT Analysis of Italy Automotive Aftermarket Market
Italy Automotive Aftermarket Market Future Outlook and Projections (FYâ€™2023-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Italy Automotive Aftermarket Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Italy Automotive Aftermarket Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Italy Automotive Aftermarket Market

7. Italy Automotive Aftermarket Market, By Application (USD Million)

7.1. Italy Automotive Aftermarket Market Value Share and Forecast, By Application, 2023-2033
7.2. Electrical Products
7.3. Engine Component
7.4. Infotainment and Multimedia
7.5. Seat and Steering Covers
7.6. Tires and Wheels
7.7. Others

8. Italy Automotive Aftermarket Market, By Distribution (USD Million)

8.1. Italy Automotive Aftermarket Market Value Share and Forecast, By Distribution, 2023-2033
8.2. OEM
8.3. Third Party Vendors

9. Italy Automotive Aftermarket Market, By Vehicle Type (USD Million)

9.1. Italy Automotive Aftermarket Market Value Share and Forecast, By Vehicle Type, 2023-2033
9.2. Two Wheeler
9.3. Passenger Car
9.4. Commercial Vehicle

10. Italy Automotive Aftermarket Market, By Position (USD Million)

10.1. Italy Automotive Aftermarket Market Value Share and Forecast, By Position, 2023-2033
10.2. External Accessories
10.3. Internal Accessories

11. Italy Automotive Aftermarket Market Forecast, 2019-2033 (USD Million)

11.1. Italy Automotive Aftermarket Market Size and Market Share

12. Italy Automotive Aftermarket Market, By Application, 2019-2033 (USD Million)

12.1. Italy Automotive Aftermarket Market Size and Market Share By Application (2019-2026)
12.2. Italy Automotive Aftermarket Market Size and Market Share By Application (2027-2033)

13. Italy Automotive Aftermarket Market, By Distribution, 2019-2033 (USD Million)

13.1. Italy Automotive Aftermarket Market Size and Market Share By Distribution (2019-2026)
13.2. Italy Automotive Aftermarket Market Size and Market Share By Distribution (2027-2033)

14. Italy Automotive Aftermarket Market, By Vehicle Type, 2019-2033 (USD Million)

14.1. Italy Automotive Aftermarket Market Size and Market Share By Vehicle Type (2019-2026)
14.2. Italy Automotive Aftermarket Market Size and Market Share By Vehicle Type (2027-2033)

15. Italy Automotive Aftermarket Market, By Position, 2019-2033 (USD Million)

15.1. Italy Automotive Aftermarket Market Size and Market Share By Position (2019-2026)
15.2. Italy Automotive Aftermarket Market Size and Market Share By Position (2027-2033)

16. Italy Automotive Aftermarket Market, By Region, 2019-2033 (USD Million)

16.1. Italy Automotive Aftermarket Market Size and Market Share By Region (2019-2026)
16.2. Italy Automotive Aftermarket Market Size and Market Share By Region (2027-2033)
16.3. Eastern Region
16.4. Western Region
16.5. Southern Region
16.6. Northern Region

17. Company Profile

17.1. Brembo SpA

17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments

17.2. Compagnie Generale des Etablissements Michelin SCA

17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments

17.3. Continental AG

17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments

17.4. Era Spa

17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments

17.5. Robert Bosch GmbH

17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments

18. List of Abbreviations

19. Reference Links

20. Conclusion

21. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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SPER-Methodology-2

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Frequently Asked Questions About This Report

How big is the Italy Automotive Aftermarket Market?

Italy Automotive Aftermarket Market is projected to reach USD 9.62 billion by 2033, growing at a CAGR of XX% during the forecast period.

What is the growth rate of the Italy Automotive Aftermarket Market?

Italy Automotive Aftermarket Market grew in market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of XX% during the forecast period.

What is the anticipated CAGR of the Italy Automotive Aftermarket Market?

Italy Automotive Aftermarket Market CAGR of XX% during the forecast period.

How can I get a sample report on the Italy Automotive Aftermarket Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Italy Automotive Aftermarket Market?

Italy Automotive Aftermarket Market size is USD XX billion from 2023 to 2033.

Which segment is expected to Italy Automotive Aftermarket Market?

Italy Automotive Aftermarket Market Segment is covered By Application, By Distribution, By Vehicle Type, By Position.

Which region is expected to have the highest market share in the Italy Automotive Aftermarket Market?

The Europe is anticipated to have the highest market share in the Italy Automotive Aftermarket Market.

Who are the key players in Italy Automotive Aftermarket Market?

The key players in the market include Companies Covered Brembo SpA, Compagnie Generale des Etablissements Michelin SCA, Continental AG, Era Spa, Robert Bosch GmbH.

What is the conclusion of the Italy Automotive Aftermarket Market?

The adoption of advanced technologies has resulted in the digitalization of automotive repair and component sales, which has increased the popularity of the aftermarket.