Developing Regions of Eastern Europe to Drive EU Aftermarket Growth, Says Frost & Sullivan

Developing Regions of Eastern Europe toDeveloping Regions of Eastern Europe to Drive EU Aftermarket Growth, Says Frost & Sullivan PR Newswire LONDON, March 13, 2014 - Europe remains world's largest aftermarket; suppliers that overcome regional challenges may use their operations there to enter other high-growth countries such as Turkey, China and India While a major distribution group in France collects data to support a planned expansion in Poland and neighbouring countries, an established Tier-one supplier of mechanical engine parts in Belgium explores the potential launch of electrical components to customers in southern Europe. A major automaker at the same time commissions a study to analyse pricing and recommended inventory levels for spare parts in the former Russian territories. These are just a few examples taken from Frost & Sullivan research enquiries, that exemplify how in 2013, interest in the European automotive aftermarket was significantly higher than recent years. The European automotive aftermarket is a €100 billion industry for parts suppliers from Ireland to Russia, according to latest research from Frost & Sullivan (www.automotive.frost.com), with total revenue increasing by approximately 2.4 percent annually. It has fully recovered from its dip in 2009-2010, when economic recession caused motorists to defer normal vehicle maintenance.