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Top Automotive Aftermarket Companies in Europe

Top Automotive Aftermarket Companies in Europe
Europe has the most diverse mix of vehicle brands in the world - a potential challenge and opportunity for suppliers competing to meet the aftermarket's all-makes-and-models benchmark.

Top 10 Automotive Aftermarket Suppliers in Europe

  1. Robert Bosch GmbH
  2. Continental AG
  3. ZF Friedrichshafen AG
  4. Magna International Inc.
  5. Faurecia
  6. Valeo SA
  7. Lear Corp.
  8. ThyssenKrupp AG
  9. Mahle GmbH
  10. Gestamp
Top Automotive Aftermarket Companies in Europe
 

Automotive Aftermarket Introduction

The automotive aftermarket serves as a tributary market of the automotive industry. The aftermarket is concerned with the manufacturing, distribution, retailing, and installation of automotive components, equipment, and accessories to the consumer. OEMs may not manufacture these parts, accessories, etc. and thus provides an opportunity for other manufacturers. 
Aftermarket can be divided into two broad categories: 
  • Replacement parts are automotive parts built or remanufactured to replace OE parts as they become worn or damaged.
  • Accessories parts are made for comfort, convenience, safety, performance or customization, and are add-on after the original sale of the motor vehicle.

Automotive Aftermarket Scenario in Europe

The European automotive aftermarket encompasses various small subsectors including training institutes, repairers, parts manufacturers, roadside patrols, parts wholesalers, remanufacturers and tool manufacturers. 

The service business (maintenance and repair of vehicles) generates about 45% of total aftermarket revenues in Europe, while retail and wholesale of vehicle parts make up the remaining around 55%.

The European automotive parts aftermarket is currently estimated at EUR 123 billion (2017 parts retail market value). Towards 2025, the European aftermarket is projected to grow at 2.4% in Western Europe and 5.0% in Eastern Europe annually, and it is expected to reach EUR 161 billion by 2025, driven by a growing European carpark and new sales, longer vehicle lifetime and, finally, new digital products and services. (Source: Qvartz)
 
Automotive Aftermarket Industry Reports

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Leading Automotive Aftermarket Companies in Europe

1.Robert Bosch GmbH

In 2018, Bosch saw positive business developments in Europe, with sales rising to 41 billion euros. This equates to an increase of 2.1 percent, or 3.7 percent after adjusting for exchange-rate effects. Most of this growth came from Germany and Austria. Bosch is one of the world’s largest automotive suppliers and is active in various subsegments. The business sector comprises the following divisions: Powertrain Solutions, Chassis Systems Control, Starter Motors and Generators, and others. According to preliminary figures, the supplier of technology and services generated sales from operations of 77.9 billion euros last year. Sales results were hit hard by exchange-rate effects to the tune of 2.1 billion euros. Adjusted for exchange-rate effects, revenue rose 4.3 percent. The mobility solution contributed around euro 47 billion in 2018.

2.Continental AG

The Continental Corporation comprises 572 companies, including non-controlled companies, in addition to the parent company Continental AG. The Continental team is made up of 243,226 employees at a total of 544 locations in 60 countries and markets. The postal addresses of companies under our control are defined as locations. Company's 2018 Corporate sales amounted to €44,404 million in the 2018 fiscal year. Automotive sales accounted for €26.9 billion.

3.ZF Friedrichshafen AG

ZF is a global technology company and supplies systems for passenger cars, commercial vehicles, and industrial technology, enabling the next generation of mobility. With. Company's financial base remains strong with sales rising to €36.9 billion in 2018. The Group invested €2.5 billion in research and development and €1.6 billion in property, plant, and equipment and intangible assets. ZF was able to achieve sales growth in all regions which, however, was impacted by negative exchange rate effects. Due to the stable market development in Europe, sales in 2018 amounted to €17,390 million across all divisions.

4.Magna International Inc.

Magna International Inc. is a mobility technology company that is helping pave the way to the future with innovative products and processes. Company has more than 174,000 entrepreneurial-minded employees and 348 manufacturing operations and 91 product development, engineering and sales centers in 28 countries. Magna posted record sales of $40.8 billion for the year ended December 31, 2018, an increase of 12% from the year ended December 31, 2017. Sales for Seating Systems increased 10% or $130 million to $1.44 billion for the fourth quarter of 2018 compared to $1.31 billion for the fourth quarter of 2017. 

5.Faurecia

Faurecia all 2018 financial targets were achieved despite headwinds in the second half of the year. Faurecia’s capability to meet its 2018 financial targets despite headwinds in the second half demonstrates the resilience of its business model and its agility to adapt to volatile market conditions. Faurecia's global sales were €17,525 million in 2018, Europe sales were totaled €8,858 million in 2018 vs. €8,503 million in 2017. North America sales totaled €4,474 million in 2018 vs. €4,473 million in 2017.

6.Valeo SA

Valeo is a global automotive supplier and partner to all automakers worldwide. Valeo 2018 sales were 19.3 billion euros, up 6% from 2017. Valeo is strongly positioned in the electric, autonomous and connected vehicle segment on a deeply changing automotive market.

7.Lear Corp.

Lear Corporation is a leading Tier 1 supplier to the global automotive industry. We supply seating, electrical distribution systems, and electronic modules, as well as related sub-systems, components, and software, to all of the world's major automotive manufacturers. Global sales of Lear Corp. was USD 21.14 billion in 2018. Lear is a recognized global leader in complete automotive seat systems and key individual seat components. The Seating segment consists of the design, development, engineering, just-in-time assembly and delivery of complete seat systems, as well as the design, development, engineering and manufacture of all major seat components, including seat covers and surface materials such as leather and fabric, seat structures and mechanisms, seat foam and headrests, as well as seating-related electrical and electronics (including software products).

8.ThyssenKrupp AG

thyssenkrupp AG business operations are organized in five business areas: Components Technology, Elevator Technology, Industrial Solutions, Materials Services, and the discontinued operation Steel Europe. The business areas are divided into business units and operating units. Components Technology division manufactures high-tech components for the automotive industry, wind turbines, and the engineering sector worldwide. The total revenue of the company from was Components Technology in 2018 was €7.9 billion.

9.Mahle GmbH

MAHLE manufactures filters, pump systems, and oil coolers for engine and transmission applications— all of which are designed to increase the engine’s efficiency and service life and reduce emissions. MAHLE achieved sales of EUR 12.6 billion in 2018. With investments of EUR 751 million, the company maintained their group-wide research and development activities at a high level.

10.Gestamp

Gestamp, the multinational company specialized in the design, development, and manufacture of highly engineered metal components for the automotive industry has presented its results for 2018 with revenues of €8,548m, which represents a 4.2% growth rate. By regions, Western Europe experienced a 2.2% growth rate reaching €4,101m revenue. Eastern Europe grew by 13.7% to €1,187m. NAFTA reached €1,659m with an 11.9% growth rate. 
 
 

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