The average age of passenger cars on the road in the European Union was 12 years in 2021, while the average truck was about 14.2 years old. Germany and the United Kingdom are the leading passenger car markets in Europe as of 2022.

Lithuanians hold on to their cars the longest

Of European countries, the oldest passenger cars were found in Eastern Europe in 2019. The average car in Lithuania was almost 17 years old. High-income countries like Luxembourg had a comparatively younger fleet. The average age of passenger cars in Luxembourg came to about 6.5 years.

World fleet comparison

Across the Atlantic the car and light truck fleet had a slightly higher average age to that reported in the European Union. Light vehicles registered in the United States were on average 12.1 years old. Comparatively, the age of passenger cars in Japan was noticeably lower. The average age of passenger cars on Japanese roads was just over nine years old.

In 2022, the average age of the European Union car fleet was **** years. The age of the average car on EU roads increased by roughly ** percent from **** years in 2017 to **** years in 2022, indicating that EU motorists are hanging on to their vehicles longer.

In 2017, the average age of the EU light commercial vehicle fleet was 11 years, while the age of heavy commercial vehicles averaged 12 years. Passenger cars on EU roads were **** years old, on average.

In 2021, the average medium and heavy commercial vehicle fleet age in the European Union was around **** years old, with Greece having the oldest fleet in Europe. The Greek fleet was on average around **** years old. By contrast, Belgium had the youngest fleet, with vehicles being an average of slightly more than six and a half years old.

In 2021, Greece had the oldest fleet of light commercial vehicles at an average of nearly 21 years, followed by Portugal and Estonia. With more than half of the countries having light vehicles over ten years of age in average, Europe's commercial vehicle fleets were in need of replacement in 2021. Austria and Luxembourg had the newest fleet, with vehicles averaging around *** and a half years, followed closely by Denmark.

Residents of all CEE countries, except for Slovenia, drove cars older than the EU average. For example, on average, Estonia recorded the most aging passenger car fleet of almost 17 years old. On the other hand, the average resident of Slovenia owned a car that was 11 years old in 2023.

This table contains figures on traffic performance (vehicle kilometres) of Dutch passenger cars, divided by fuel type and the age of the vehicle. The table also contains the total number of vehicle kilometers traveled by all passenger cars and an average per vehicle. The table also contains the number of passenger cars in use. This is not a status figure, but the number of vehicles that may have been on the road during the year under review. This concerns active vehicles, vehicles that have broken down (due to export or demolition, among other things) and vehicles that have been in the company's stock. The vehicle population for which mileage is estimated is based on motor vehicle fleet statistics. The population of the figures in this table is based on the new motor vehicle fleet selection method. The difference between the old and the new selection method is described in a method report, see section 4. The series of kilometers estimated on the basis of the new population is available from reporting year 2018. The series based on the old vehicle population runs until and with reporting year 2020. The way in which the kilometers are estimated has not changed, only the population. The figures for the 2020 reporting year have been corrected for the smoothing effect of the method by means of a correction factor. This smoothing effect smoothes out the annual variation in the figures. This gives a distorted picture of periods in which mobility suddenly changes radically, such as in 2020 as a result of the corona crisis. Data available from: 2018 Status of the figures: The figures in this table for 2018 up to and including 2020 are final and those for 2021 have a provisional status. Changes as of November 11, 2022: None, this is a new table. When will new numbers come out? Annual.

The statistic illustrates the average age of passenger cars in European countries as of 2019. That year, at *** years, Luxembourg was the European nation with the lowest average age of registered cars. Lithuania, Estonia, and Romania were the nations with the highest average age of passenger cars, at ****, ****, and **** years, respectively. The average age of passenger cars in the European Union (that is, excluding Norway, Switzerland, and the United Kingdom) was **** years.

The number of vehicles on European roads, consumer and business sentiment and domestic tourism levels all influence garages’ performance. The number of cars in the EU and the UK is rising, supporting sales of services related to vehicle wear and tear. A string of speed reduction policies in many European countries and a host of new tech is working to minimise the number and severity of collisions across the continent. According to recent data from the European Commission, road fatalities across the EU fell by 3% in 2024, with around 19,800 deaths recorded, a modest decrease from 2023. This slight reduction suggests that enhanced vehicle safety features are playing a role in improving road safety. Motor vehicle repair and maintenance services see consistently strong demand across Europe, driven by a 1.4% rise in the EU passenger car fleet in 2023 to nearly 249 million vehicles and an average van age of 12.7 years. These developments place sustained pressure on workshops and underscore the increasing need for both spare parts and skilled technicians by 2025. Profit has increased over the years as demand for electric vehicle maintenance has shifted from traditional repairs to specialised services for battery systems and drivetrains. Over the five years through 2025, motor vehicle maintenance and repair shops’ revenue is forecast to climb at a compound annual rate of 1% to €272.3 billion, including an estimated 2.1% expansion in 2025. The average profit margin in 2025 is expected to be 12.9%. The shift to low-carbon transport will continue to drive sales of electric cars, presenting garages with an opportunity to train their mechanics to accommodate issues relating to batteries and electric drive trains. Garages that are early to adopt a specialism in electric vehicles will place themselves in a strong position to become a leader in that segment and raise their profitability. The ageing European car fleet will continue to provide a steady revenue stream to garages as wear and tear-related issues become more frequent, as expected from older cars. Over the five years through 2030, revenue is projected to swell at a compound annual rate of 5.5% to reach €355.7 billion.

This table contains figures on average annual mileage of passenger cars with Dutch license plates by type of ownership, fuel type, weight class and age class of the vehicle. The figures for the 2020 reporting year have been corrected for the smoothing effect of the method by means of a correction factor. This smoothing effect smoothes out the annual variation in the figures. This gives a distorted picture of periods in which mobility suddenly changes radically, such as in 2020 as a result of the corona crisis. The vehicle population for which mileage is estimated is based on motor vehicle fleet statistics. The population of the figures in this table is based on the new motor vehicle fleet selection method. The difference between the old and the new selection method is described in a method report, see section 4. The series of kilometers estimated on the basis of the new population is available from reporting year 2018. The series based on the old vehicle population runs until and with reporting year 2020. The way in which the kilometers are estimated has not changed, only the population. Data available from: 2018 Status of the figures: The figures up to and including 2020 are final and the figures for 2021 have a provisional status. Changes as of November 11, 2022: None, this is a new table. When will new numbers come out? The new figures are expected at the end of 2023.

This table contains figures on traffic performance (vehicle kilometres) and average annual kilometers traveled by passenger cars, broken down by age of the vehicle, ownership situation and fuel type. Vehicle kilometers and the average annual kilometers of Dutch passenger cars are broken down into Dutch vehicles on Dutch territory and Dutch vehicles on foreign territory. In addition, there are figures for the total distance traveled on Dutch territory. A distinction is made between kilometers traveled by Dutch and foreign vehicles. The vehicle population for which mileage is estimated is based on motor vehicle fleet statistics. The population of the figures in this table is based on the old motor vehicle fleet selection method. The difference between the old and the new selection method is described in a method report, see point 4. The series of kilometers estimated on the basis of the old vehicle population runs up to and including reporting year 2020. The series based on the new population is available from of the 2018 reporting year. The way in which the kilometers are estimated has not changed, only the population. The figures for the 2020 reporting year have been corrected for the smoothing effect of the method by means of a correction factor. This smoothing effect smoothes out the annual variation in the figures. This gives a distorted picture of periods in which mobility suddenly changes radically, such as in 2020 as a result of the corona crisis. Data available from: 1990 up to and including 2020 Status of the figures: The figures up to and including 2019 are final and the figures for 2020 have a provisional status. Changes as of November 10, 2022: None, this table has been discontinued. This table is followed by the passenger car traffic performance table; kilometres, fuel type, territory, see section 3. When will new figures be published? Not applicable anymore.

Passenger Cars MRO Market Outlook

The global passenger cars MRO (Maintenance, Repair, and Overhaul) market size was valued at approximately USD 150 billion in 2023 and is projected to reach USD 210 billion by 2032, growing at a CAGR of around 3.8% during the forecast period. The continuous growth of the automotive industry, coupled with increasing vehicle longevity and consumer awareness regarding vehicle maintenance, is driving this market expansion.

The expanding fleet of passenger cars globally is one of the significant growth factors for the MRO market. With more vehicles on the road, the demand for maintenance and repair services naturally increases. Moreover, the aging of the global car fleet means more vehicles are falling out of warranty periods provided by manufacturers, which pushes owners towards independent service providers and aftermarket services for cost-effective maintenance solutions. This trend is notably observed in mature markets such as North America and Europe, where the average age of vehicles is steadily increasing.

The rapid technological advancements in the automotive sector also fuel the growth of the MRO market. Modern passenger cars are equipped with advanced electronic systems, which require specialized maintenance and repair services. The integration of IoT, AI, and telematics in vehicles has led to the development of predictive maintenance solutions, which are becoming increasingly popular among consumers for their ability to prevent major breakdowns and reduce repair costs. These technological advancements are expected to continue driving the demand for specialized MRO services in the coming years.

Additionally, the increasing emphasis on safety and environmental regulations is propelling the demand for regular vehicle maintenance and repair services. Governments across various regions are implementing stringent emission norms and safety standards, which necessitate regular vehicle inspections and maintenance to ensure compliance. This regulatory environment encourages vehicle owners to adopt preventive maintenance practices, thereby boosting the MRO market. The trend is particularly strong in regions such as Europe, where regulatory frameworks are highly developed.

The role of Automotive Repair And Maintenance Services in the MRO market is becoming increasingly significant as vehicle owners seek reliable and cost-effective solutions for maintaining their cars. These services encompass a wide range of offerings, from routine maintenance tasks such as oil changes and brake inspections to more complex repairs involving engine and transmission systems. The growing complexity of modern vehicles, with their advanced electronic components and systems, necessitates specialized skills and equipment, which these services are well-equipped to provide. As a result, the demand for professional automotive repair and maintenance services is on the rise, driven by the need for expertise and the assurance of quality service.

From a regional perspective, the Asia Pacific region is witnessing robust growth in the passenger cars MRO market, driven by rapid urbanization, rising disposable incomes, and a burgeoning middle class. Countries like China and India are experiencing a significant increase in vehicle ownership, which, in turn, drives the demand for MRO services. Similarly, Latin America shows promising growth due to improving economic conditions and increasing vehicle sales. However, the market in North America and Europe is relatively mature but continues to grow steadily due to the aging vehicle fleet and high consumer awareness regarding vehicle maintenance.

Service Type Analysis

Engine overhaul services constitute a substantial segment of the passenger cars MRO market. Engine maintenance is critical for the longevity and performance of a vehicle, and this segment encompasses a wide range of services including complete engine rebuilds, part replacements, and performance enhancements. The increasing complexity of modern engines, with their advanced fuel injection systems and turbochargers, necessitates specialized skills and equipment for maintenance, thereby driving the demand for professional engine overhaul services. Additionally, the growing trend of remanufactured and refurbished engine parts offers a cost-effective solution for vehicle owners, further propelling the segment's growth.

Transmission services are another vital part of the MRO market. Tr

European car parts production heavily relies on car production volumes and orders from the aftermarket, including retailers and wholesalers. The level of car production across Europe dictates orders for car parts because of the presence of giants like Volkswagen, BMW, Mercedes-Benz and Jaguar Land Rover. Motor Vehicle Parts and Accessories Manufacturing revenue is set to rise at a compound annual rate of 2.1% to €385.2 billion over the five years through 2025, including projected revenue growth of 1.2% in 2025. Falling demand from car producers that are facing supply chain disruptions has diluted volumes for component producers. EU car products dropped by 6.2% in 2024 when compared to 2023, according to data from the ACEA, directly reducing volumes and revenue for car parts makers. The industry benefits from a healthy demand from the aftermarket because of the growth in the number of vehicles in use and their average age. The ACEA stated that EU cars were 12.3 years old on average in 2023, with cars in Hungary, Portugal, Poland and Spain maintaining the oldest car fleets, elevating the need for motor vehicle parts. A resilient aftermarket, because of rising car usage and older vehicles, is aiding revenue growth despite a fall in car production. Revenue is forecast to increase at a compound annual rate of 5.6% to €506.4 billion over the five years through 2030. The EU law to only register new electric passenger cars and light commercial vehicles from 2035 will likely weigh on demand for parts because electric cars require fewer components. The Netherlands, the UK, Germany, France and Spain have implemented bans on the sale of petrol and diesel vehicles starting in 2035, limiting the need for parts in these countries because electric cars generally have fewer parts. Component producers will have to alter their strategies to remain successful. The steady hike in the number of vehicles in use will drive orders from retailers, wholesalers and repair shops, balancing out sinking revenue.

The global passenger car aftermarket service market is experiencing robust growth, driven by an aging vehicle fleet, increasing vehicle complexity, and a rising preference for vehicle maintenance over replacement. The market size in 2025 is estimated at $500 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key factors. Firstly, the increasing average age of vehicles globally leads to a higher demand for repairs and maintenance services. Secondly, modern vehicles incorporate advanced technologies, making repairs more specialized and expensive, thus contributing to market expansion. Lastly, consumers are increasingly opting for cost-effective maintenance and repair options rather than purchasing new vehicles, particularly in the face of economic uncertainty or rising new car prices. This trend significantly boosts the demand for aftermarket services. The segment is further segmented by service type (cleaning, general repair, overhaul) and vehicle type (passenger cars, vans, SUVs, pickup trucks). Passenger cars constitute the largest segment, reflecting their higher penetration rates globally. Within the passenger car segment, the general repair and maintenance sub-segment dominates, driven by routine servicing needs and the relatively lower cost compared to overhauls. However, the overhaul segment is projected to witness faster growth due to the increasing age and mileage of vehicles in operation. Geographically, North America and Europe currently hold the largest market share, benefiting from a high density of vehicles and a well-established aftermarket infrastructure. However, rapidly developing economies in Asia-Pacific, particularly China and India, are emerging as significant growth hotspots, driven by expanding vehicle ownership and increasing disposable incomes. The competitive landscape is characterized by a mix of large multinational corporations and smaller, regional players, catering to diverse needs and service levels. Companies like Dynatrade, Allison Transmission, and ZF Friedrichshafen AG are key players, while numerous independent garages and specialized workshops also contribute significantly to the market's vibrancy.

This data set presents the entire historical fleet of buses of the Municipal Transport Company (EMT), and has been provided by this company being able to also find the same information on its website. The information contained is updated every six months, indicating in the data set itself the last date of updating. When the low date field shows the value “31/12/9999” it means that bus is still active. All EMT buses are accessible, have a low floor and have a ramp to facilitate access for people of reduced mobility who use wheelchairs. The EMT bus fleet is one of the most modern in Europe, with an average age of 7.2 years, with vehicles incorporating the latest technological advances in safety, comfort, environmental requirements and universal accessibility. In the section our fleet also has a document with the different models, characteristics and photos of them. The information from this data set and other reports is available in the ‘annual reports’ section of the EMT website. Finally, the Municipal Transport Company of Madrid (EMT) has its own Open Data portal with very valuable and extensive information, which is located at the following address: http://opendata.emtmadrid.es/

According to Cognitive Market Research, the global Automotive Lubricants Aftermarket market size will be USD 78954.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.20% from 2025 to 2033.

North America held the market share of 20% of the global revenue with a market size of USD 15790.90 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.8% from 2025 to 2033.
Europe accounted for a market share of 23% of the global revenue with a market size of USD 17843.72 million.
APAC held the major market share of around 48% of the global revenue with a market size of USD 37898.16 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.1% from 2025 to 2033.
South America has a market share of 4% of the global revenue with a market size of USD 3000.27 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2033.
Middle East had a market share of 4% of the global revenue and was estimated at a market size of USD 3158.18 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2025 to 2033.
Africa had a market share of 1.60% of the global revenue and was estimated at a market size of USD 1263.27 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.5% from 2025 to 2033.
Wet Clutch category is the fastest growing Type segment of the Automotive Lubricants Aftermarket industry

Market Dynamics of Automotive Lubricants Aftermarket Market

Key Drivers for Automotive Lubricants Aftermarket Market

Increasing vehicle parc and aging vehicles driving demand for replacement lubricants

The growing global vehicle parc coupled with an increasing number of aging vehicles, is significantly driving the demand for replacement lubricants. As vehicles age, they require frequent maintenance, including regular oil changes to maintain engine performance and extend vehicle life. According to the ACEA 2023, in the European Union, the average age of vehicles is steadily increasing, with passenger cars now around 12 years old, vans also at 12 years, trucks at 14.2 years, and buses at 12.7 years. This aging fleet is driving demand in the automotive lubricants aftermarket, as older vehicles typically require more frequent maintenance and oil changes. Older vehicles typically consume more lubricants due to wear and tear, leading to higher demand in the aftermarket segment. Additionally, the rising trend of vehicle ownership in emerging economies, along with improved vehicle durability, contributes to longer lifespans and greater maintenance needs. As consumers aim to maximize the value of their investments, they are more likely to invest in high-quality lubricants to ensure engine efficiency, thus driving the growth of the automotive lubricants aftermarket.

https://www.acea.auto/figure/average-age-of-eu-vehicle-fleet-by-country/

Stringent emission norms boosting the use of low-viscosity, fuel-efficient lubricants fuel the market

Stringent emission norms imposed by governments worldwide are propelling the demand for low-viscosity, fuel-efficient lubricants. These regulations mandate reduced carbon emissions and enhanced fuel efficiency, compelling automakers and consumers to adopt advanced lubricants that minimize friction and improve engine performance. Low-viscosity lubricants enhance fuel economy by reducing drag on engine components, leading to lower emissions and compliance with environmental standards. As per the United Nations (UN), stringent emission norms are being implemented worldwide as part of the growing commitment to achieving net-zero emissions by 2050. These regulations aim to significantly reduce greenhouse gas emissions, with countries setting ambitious targets to limit global warming to 1.5°C. The shift towards cleaner energy sources and stricter environmental standards is driving demand for advanced automotive lubricants that comply with these regulations. Additionally, the growing trend of turbocharged and downsized engines requires specialized lubricants to maintain high efficiency and durability. As environmental concerns intensify and emission standards become more rigorous, the demand for high-performance, fuel-efficient lubricants is expected to grow, driving the expansion of the automotive lubricants aftermarket.

https://www.un.org/en/climatechange/net-zero-coalition

Restraint Factor for the Automotive Lubricants Aftermarket Mar...

This table contains figures on traffic performance (vehicle-kilometres) of lorries and tractors divided by vehicle age and full-car weight. Vehicle-kilometres and average annual mileages of Dutch trucks and tractors are broken down by Dutch vehicles on Dutch territory and Dutch vehicles on foreign territory. In addition, there are figures of the total distance travelled on Dutch territory. A distinction has been made in terms of kilometres travelled by Dutch and foreign vehicles. The vehicle population for which kilometres are estimated is based on statistics on the motor vehicle fleet. The population of the figures in this table is based on the old method of selection of the motor vehicle fleet. The difference between the old and the new selection method is described in a method report, see paragraph 4. The range of kilometres estimated on the basis of the old vehicle population runs until the reporting year 2020. The series based on the new population is available as of reporting year 2018. The way in which the mileage is estimated has not changed, only the population.

The figures for the reporting year 2020 have been corrected for the smoothing effect of the method by means of a correction factor. This smoothing effect flattens the annual variation in the figures. This gives a distorted picture of periods in which mobility suddenly changes drastically, such as in 2020 as a result of the coronavirus crisis.

Data available from: 2001 to 2020.

Status of the figures: The figures up to 2018 are final and the 2019 and 2020 figures have provisional status.

Changes as of 10 November 2022: None, this table has been discontinued. This table is followed up by the table Traffic performance of freight vehicles; kilometres, weight, territory, see paragraph 3.

When are new figures coming? No longer applicable.

Automotive Aftermarket Shock Absorbers Market Outlook

The global automotive aftermarket shock absorbers market size was valued at $3.6 billion in 2023 and is expected to reach $6.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.9% over the forecast period. This growth is primarily driven by the increasing demand for vehicle safety and comfort, coupled with the surge in the number of vehicles on the road globally.

One of the key factors driving the growth of the automotive aftermarket shock absorbers market is the rise in vehicle ownership, particularly in emerging economies such as China, India, and Brazil. As the middle class expands and disposable incomes increase, more people are purchasing vehicles, leading to a higher demand for replacement parts such as shock absorbers. Additionally, the trend of vehicle customization is gaining traction, with car enthusiasts opting to upgrade their vehicles' suspension systems for better performance and comfort. This has further fueled the demand for aftermarket shock absorbers.

Another significant growth factor is the increasing awareness about vehicle safety and the role of shock absorbers in ensuring a smooth and stable ride. Shock absorbers are crucial components that help maintain tire contact with the road, thereby improving vehicle handling and braking performance. As consumers become more educated about the importance of vehicle maintenance, the demand for high-quality replacement shock absorbers is expected to rise. Moreover, advancements in shock absorber technology, such as the development of electronically controlled and adaptive shock absorbers, are also contributing to market growth.

The aging vehicle fleet in developed regions is another key driver of the automotive aftermarket shock absorbers market. In countries like the United States and those in Western Europe, the average age of vehicles on the road has been steadily increasing. Older vehicles are more likely to require replacement parts, including shock absorbers, to maintain optimal performance and safety. This trend is expected to continue, providing a steady stream of demand for aftermarket shock absorbers in these regions.

From a regional perspective, Asia Pacific is anticipated to witness the highest growth rate in the automotive aftermarket shock absorbers market during the forecast period. The region's burgeoning automotive industry, coupled with rapid urbanization and increasing disposable incomes, is driving demand for both new and replacement vehicle parts. North America and Europe are also expected to see significant market growth due to the high vehicle ownership rates and the aging vehicle fleet in these regions. Meanwhile, Latin America and the Middle East & Africa are projected to experience moderate growth, driven by economic development and increasing vehicle sales.

Product Type Analysis

The product type segment of the automotive aftermarket shock absorbers market is divided into twin-tube, mono-tube, gas-filled, and hydraulic shock absorbers. Twin-tube shock absorbers are widely used due to their cost-effectiveness and capability to provide a comfortable ride. They are particularly popular in passenger cars and light commercial vehicles, making them a significant contributor to the market. The twin-tube design offers a dual-chamber system that helps in better shock absorption, which translates to smoother rides for passengers. This type is also relatively easier to manufacture, keeping its cost low, which is a crucial factor for widespread adoption.

Mono-tube shock absorbers, on the other hand, are known for their high performance and durability. These shock absorbers are typically used in high-end vehicles and sports cars, where superior handling and performance are required. The mono-tube design allows for better heat dissipation and can handle higher loads, making it a preferred choice for performance enthusiasts. As the trend of vehicle customization continues to rise, the demand for mono-tube shock absorbers is expected to grow significantly. This segment is also benefiting from technological advancements, such as the integration of electronic controls for adaptive shock absorption.

Gas-filled shock absorbers are gaining popularity due to their ability to provide better ride quality and handling. These shock absorbers use pressurized gas to reduce the aeration of the hydraulic fluid, which helps in maintaining consistent performance even under extreme conditions. The gas-filled design is particularly effective in off-road and high-performance applicatio

The number of vehicles on European roads, consumer and business sentiment and domestic tourism levels all influence garages’ performance. The number of cars in the EU and the UK is rising, supporting sales of services related to vehicle wear and tear. A string of speed reduction policies in many European countries and a host of new tech is working to minimise the number and severity of collisions across the continent. According to recent data from the European Commission, road fatalities across the EU fell by 3% in 2024, with around 19,800 deaths recorded, a modest decrease from 2023. This slight reduction suggests that enhanced vehicle safety features are playing a role in improving road safety. Motor vehicle repair and maintenance services see consistently strong demand across Europe, driven by a 1.4% rise in the EU passenger car fleet in 2023 to nearly 249 million vehicles and an average van age of 12.7 years. These developments place sustained pressure on workshops and underscore the increasing need for both spare parts and skilled technicians by 2025. Profit has increased over the years as demand for electric vehicle maintenance has shifted from traditional repairs to specialised services for battery systems and drivetrains. Over the five years through 2025, motor vehicle maintenance and repair shops’ revenue is forecast to climb at a compound annual rate of 1% to €272.3 billion, including an estimated 2.1% expansion in 2025. The average profit margin in 2025 is expected to be 12.9%. The shift to low-carbon transport will continue to drive sales of electric cars, presenting garages with an opportunity to train their mechanics to accommodate issues relating to batteries and electric drive trains. Garages that are early to adopt a specialism in electric vehicles will place themselves in a strong position to become a leader in that segment and raise their profitability. The ageing European car fleet will continue to provide a steady revenue stream to garages as wear and tear-related issues become more frequent, as expected from older cars. Over the five years through 2030, revenue is projected to swell at a compound annual rate of 5.5% to reach €355.7 billion.

Automotive Wheel Hub Bearing Aftermarket Market Outlook

The global market size of the Automotive Wheel Hub Bearing Aftermarket in 2023 stood at approximately USD 8.5 billion and is projected to reach USD 13.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1%. This growth can be attributed to the increasing demand for vehicle maintenance and repair services, the rise in vehicle production, and the subsequent wear and tear of automotive components.

One of the primary growth factors for the automotive wheel hub bearing aftermarket market is the aging vehicle fleet in various regions. As vehicles age, the likelihood of component wear and the need for replacement parts increases. This trend is particularly evident in regions such as North America and Europe, where the average age of vehicles is rising. Consequently, the demand for wheel hub bearings in the aftermarket sector is expected to grow steadily. Additionally, the growth of the global automobile industry, with an increasing number of vehicles being sold annually, further fuels the demand for aftermarket services and components.

Another significant factor driving the market is the growing awareness among consumers regarding vehicle maintenance and the importance of timely replacement of critical components to ensure safety and performance. With the advent of advanced automotive technologies and the proliferation of automotive service centers, vehicle owners are becoming more proactive in maintaining their vehicles. This increased awareness is translating into higher demand for wheel hub bearings, as they are crucial for the smooth operation and safety of vehicles.

The rise in disposable income, particularly in emerging economies, is also contributing to market growth. As consumers have more purchasing power, they are more likely to invest in the maintenance and repair of their vehicles. This trend is especially notable in the Asia Pacific region, where rapid urbanization and economic development are leading to increased vehicle ownership and, consequently, higher demand for replacement parts and aftermarket services. Additionally, the proliferation of e-commerce platforms and online sales channels is making it easier for consumers to access a wide range of automotive components, including wheel hub bearings.

The Wheel Hub Assembly plays a critical role in the overall performance and safety of a vehicle. It is the component that connects the wheel to the vehicle, allowing for smooth rotation and supporting the weight of the vehicle. A well-functioning wheel hub assembly is essential for maintaining proper alignment and ensuring the longevity of the wheel bearings. As vehicles age and accumulate mileage, the wear and tear on the wheel hub assembly can lead to issues such as noise, vibration, and uneven tire wear. Regular inspection and timely replacement of the wheel hub assembly are crucial to prevent these problems and ensure a safe driving experience. The growing awareness among consumers about the importance of maintaining this component is contributing to the increasing demand in the aftermarket sector.

From a regional perspective, the Asia Pacific region is expected to witness substantial growth in the automotive wheel hub bearing aftermarket market. This growth can be attributed to the increasing vehicle production and sales in countries such as China and India. North America and Europe, on the other hand, are anticipated to maintain steady growth rates due to the aging vehicle fleet and the high demand for vehicle maintenance services. Meanwhile, the Middle East & Africa and Latin America regions are expected to experience moderate growth, driven by economic development and increasing vehicle ownership.

Product Type Analysis

The automotive wheel hub bearing aftermarket can be categorized into three main product types: Gen 1, Gen 2, and Gen 3 bearings. Gen 1 wheel hub bearings, also known as first-generation bearings, are designed as double-row angular contact ball bearings or tapered roller bearings. These bearings are widely used in various vehicle types due to their straightforward design and cost-effectiveness. The demand for Gen 1 bearings is primarily driven by their ease of installation and affordability, making them a popular choice in the aftermarket sector.

Gen 2 wheel hub bearings, or second-generation bearings, feature an integrated mounting flange that attaches directly to the vehicle's suspension s