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Motor Vehicle Parts Wholesaling & Retailing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 453 March 2024 Spotlight Report

Revenue

€294.5bn

2019-2024 5.2 %
2024-2029 X.X %

Employees

1m

2019-2024 5.6 %
2024-2029 X.X %

Businesses

415k

2019-2024 13.0 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Motor Vehicle Parts Wholesaling & Retailing in Europe industry analysis

The Motor Vehicle Parts Wholesaling and Retailing industry’s revenue is forecast to drop at a compound annual rate of 5.2% over the five years through 2024 to reach €294.5 billion. The number of vehicles on European roads is rising across the board, providing a strong and consistent revenue stream for many wholesalers and retailers (although some countries have falling numbers).

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  • Market estimates from 2014-2029
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Industry Statistics and Trends

Motor Vehicle Parts Wholesaling & Retailing in Europe key trends

Car registrations are rising after the COVID-19 slump.

 

New car registrations and used car transactions across most of Europe are on the up, boosting demand for car parts.

Electric vehicles will become the industry’s primary focus.

 

Regulation relating to environmental standards is lifting demand for electric vehicles - wholesalers and retailers can capitalise on this shift.

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Motor Vehicle Parts Wholesaling & Retailing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Motor Vehicle Parts Wholesaling & Retailing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 5.2 % over the past five years, to reach an estimated €294.5bn in 2024.

Trends and Insights

Car production picked up in 2022 aiding demand for parts

  • According to the European Automobile Manufacturers’ Association (ACEA), the number of cars produced in the EU in 2022 increased by 8.3% compared to 2021.

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Motor Vehicle Parts Wholesaling & Retailing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Electric vehicles will take centre stage

  • In 2022, electric vehicles made up over 20% of new car registrations in the EU, a substantial rise from just 2% in 2019.

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Revenue

€294.5bn

2019-2024 5.2 %
2024-2029 X.X %

Employees

1m

2019-2024 5.6 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 5.6 % *
  • Job Growth

Top 5 Countries

  1. Russia +26.0%
  2. Lithuania +15.3%
  3. Bulgaria +12.9%
  4. Switzerland +12.3%
  5. Czechia +8.5%

Bottom 5 Countries

  1. Iceland -1.5%
  2. Romania -1.2%
  3. Malta -1.1%
  4. Ireland -0.9%
  5. Germany -0.9%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Motor Vehicle Parts Wholesaling & Retailing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
D'leteren SA
13,558.9
1,708.4
12.6
LKQ Europe GmbH
13,774.5
1,763.1
12.8
Euromaster GmbH
14,063.5
492.2
3.5

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Motor Vehicle Parts Wholesaling & Retailing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Motor Vehicle Parts Wholesaling & Retailing industry in Europe in 2024?

The market size of the Motor Vehicle Parts Wholesaling & Retailing industry in Europe is €294.5bn in 2024.

How many businesses are there in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry in 2024?

There are 415k businesses in the Motor Vehicle Parts Wholesaling & Retailing industry in Europe, which has grown at a CAGR of 13.0 % between 2019 and 2024.

Has the Motor Vehicle Parts Wholesaling & Retailing industry in Europe grown or declined over the past 5 years?

The market size of the Motor Vehicle Parts Wholesaling & Retailing industry in Europe has been declining at a CAGR of 5.2 % between 2019 and 2024.

What is the forecast growth of the Motor Vehicle Parts Wholesaling & Retailing industry in Europe over the next 5 years?

Over the next five years, the Motor Vehicle Parts Wholesaling & Retailing industry in Europe is expected to grow.

What does the Motor Vehicle Parts Wholesaling & Retailing in Europe include?

Body panels and bumpers and Miscellaneous products are part of the Motor Vehicle Parts Wholesaling & Retailing industry.

Which countries have the most businesses in the Motor Vehicle Parts Wholesaling & Retailing industry in Europe?

The European country with the most businesses in the Motor Vehicle Parts Wholesaling & Retailing industry is Russia.

How competitive is the Motor Vehicle Parts Wholesaling & Retailing industry in Europe?

The level of competition is high and increasing in the Motor Vehicle Parts Wholesaling & Retailing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry wholesale and retail motor vehicle parts, components, supplies, tools and accessories. This also includes rubber tyres, inner tubes for tyres, spark plugs, batteries, lighting equipment and electrical parts.

Related Terms

ALTERNATIVE FUEL VEHICLE (AFV)CLUTCHORIGINAL EQUIPMENT

What's included in this industry?

Body panels and bumpersMiscellaneous productsGearboxes and axlesBrakes and wheelsSeats, seat belts and airbagsSteering wheels and related componentsRadiators and silencers

Companies

D'leteren SALKQ Europe GmbHEuromaster GmbH

Industry Code

ISIC 2006

453 - Sale of motor vehicle parts and accessories in Europe

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Performance

Key Takeaways

Car production picked up in 2022 aiding demand for parts

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry (2011 -2029)
  • Employees in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry (2011 -2029)
  • Business in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry (2011 -2029)
  • Profit in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry?


Outlook

Analysis

What's driving the Motor Vehicle Parts Wholesaling & Retailing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Customers expect high-quality, lightweight and sustainable materials. Given the safety, comfort and performance requirements, wholesalers and retailers focus on stocking the best products.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Motor Vehicle Parts Wholesaling & Retailing in Europe industry's products and services performing?

Analysis

What are innovations in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The industry is highly diverse, with numerous competitive opportunities. While major companies have operations in most European markets, small companies can target niche areas and thrive in areas of high concentration.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for D'leteren SA
  • Countries of operation for LKQ Europe GmbH
  • Countries of operation for Euromaster GmbH
  • Countries of operation for Mobivia SA
  • Countries of operation for Volkswagen Original Teile Logistik GmbH & Co. KG
  • Countries of operation for Stahlgruber GmbH
  • Countries of operation for Alliance Automotive Group
  • Countries of operation for AUTODOC SE
  • Countries of operation for Feu Vert SAS
  • Countries of operation for ALP PARTS Otomotiv Yedek Parça Ithalat Ihracat Ticaret Ltd Sirketi

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Regulations relating to safety and environmental standards are stringent. Wholesalers and retailers must ensure their car parts comply with the intense regulatory environment, which can be complex and costly.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Motor Vehicle Parts Wholesaling & Retailing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Profit varies between wholesalers and retailers. The product mix holds considerable weight on profit, with those that stock high-margin products benefitting from higher profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Motor Vehicle Parts Wholesaling & Retailing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.