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Year
2021
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Spain EV Battery Capacity Could Cross 90 GWh as €4 Billion Gigafactory Investments Accelerate
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Aftermarket Pricing Trends Show Margin Variations of 15–25% Across Product Categories
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Garage Networks Expand at 6% Annually Driven by Rising Vehicle Parc and Service Demand
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Vehicle Repair demand grows at 5% annually with rising Average vehicle age.
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Automotive service market expands at 6% CAGR driven by increased vehicle ownership.
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OEM and Aftermarket channels compete in a market where Aftermarket contributes over 55% of revenue.
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Replacement tire market accounts for over 70% of the total tire demand worldwide.
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Spare parts demand rises at 5% CAGR supported by aging vehicle parc
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Automotive Aftermarket Expected to Cross USD 500 Billion Globally with Steady 6% Growth
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