Webjoe sparacino, managing director of automotive aftermarket investment banking at stifel, shares his perspective on the industry. From mergers and supply chain. Webthe global automotive aftermarket market size was valued at usd 418. 95 billion in 2023. The market is projected to grow from usd 430. 51 billion in 2024 to usd. Webthe automotive aftermarket has a current business value of about €800. 0 billion and is expected to grow 3 percent annually to around €1. 2 trillion by 2030. Web3. 1 european automotive aftermarket. The european aftermarket is characterized by a large number of value chain participants. This is mainly due to the. Webelectric cars and their future need to be respected says ben johnson, director of product management for mitchell 1. But there is no need to panic in the automotive. Webthe united states saw gdp drop about 4 percent and the economic repercussions hit automotive purchases hard. Sales plunged 42 percent for new cars and 20 percent for. Weba growing share of the automotive aftermarket is driven by customers’ desire for more customization and variation in the vehicles they drive. Today, with high levels of unemployment and consumers across the.
