DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "The European Mechanical Parts Market, 2012-2020; Market size, market forecast and recommendations" report to their offering.
Overall, the European mechanical parts market grew, both in volume and value terms, with growth in values outstripping the growth seen in volumes. Total volumes grew 8.6% across Europe between 2012 and 2016. Values for the same group of components grew 13.8%. The strong growth between 2012 - 2016 is forecast to continue, with overall volumes forecast to grow 4.6% and values by 9.5%.
The radiator market in Europe experienced solid growth in the years following the financial crisis, and has shown strong growth in recent years - growing 8.6% between 2012 and 2016. The strong growth is set to continue, albeit at a slightly lower rate, with growth of 5.0% overall being forecast between 2017 and 2020.
The strong growth in radiator volumes has been exceeded by the very significant growth in the value of the radiator market. Value has been growing steadily in a number of markets, as the majority of markets remain dominated by premium brands. The European radiator market saw overall values grow by 14.3% between 2012 and 2016, and is expected to grow further, increasing by 9.7% by 2020.
Meanwhile, with increasingly complex clutch technology in the aftermarket, replacement rates as well as volumes have slowly fallen as product longevity has grown.
However, this increased longevity typically comes with a higher price tag, and consequently, value has grown and is forecast to continue increasing as clutch prices rise year-on-year. As a result, overall clutch volumes are forecast to increase by 4.3% by 2020, yet values are predicted to grow by 9.5% over the same period.
Starter motor and alternator technologies are also driving value growth, reflecting the growing prevalence of complex start-stop technologies in the vehicle parc. In addition, certain manufacturers offer integrated starter-alternator generators, which command a higher price. As a result, the volumes and values of starter motors are forecast to increase by 5.0% and 9.7% by 2020, whilst the volumes and values of alternators are forecast to increase by 4.8% and 21.4%.
Key Topics Covered:
Section 1: Overview
Section 2: Market Size: Volumes and Values 2012-2016e
Section 3: Market Forecast 2017-2020e
Section 4: Channel Shares
Section 5: Sector Trends
For more information about this report visit http://www.researchandmarkets.com/research/7tc442/the_european