Spain's Automotive Aftermarket Market

Spain Automotive Aftermarket present significant opportunities, with over millions of passenger vehicles are currently out of warranty in 2023, and the passenger cars with an out of warranty population is projected to grow at a robust CAGR from 2023-2031.

Spain Automotive Aftermarket Market Overview

Spain automotive industry is the 2nd largest in Europe and 9th largest automaker across the globe. Spain manufactured approx. 2.27 million vehicles and hold 1st position in terms of manufacturing industrial vehicles in Europe. Spanish automotive industry market contributes 10% in total country GDP and 18% in exports. Automotive industry in Spain provides employment to more than 2 million people in which approx. 2 lakh are directly employed to Spain auto parts industry. one out of four vehicle are manufactured in the country itself. The rest are being imported from other countries such as Germany, France, UK, Japan and Korea and 83% of vehicles and 60% of vehicle parts are exported worldwide in 2021. Spanish automotive industry has 17 car manufacturing plant, 1,000 equipment and vehicle part manufacturers and 15 technology centres.

Major Spain Automotive Aftermarket Market Drivers

Spanish automotive aftermarket market is expected to grow during the forecast period due to the increasing sales of passenger and commercial vehicles along with the expansion of the automotive industry. As per the OICA, Spain reported 859,476 units of new passenger vehicles sales in 2021.  Rising investment on R&D activities for expansion and modernizing plants is further boosting the market growth. Growing customer demand for vehicle modification coupled with the increasing demand for replacement parts to improve the overall performance of the vehicle is expected to drive the automotive aftermarket in Spain in near future.

Spain automakers are spending on technological advancement and R&D activities to attain their market share in the Spain auto industry. Key players are adopting various strategies, mergers and acquisitions to strengthen their position in the market. GMI Research analysis will cover various aspects of Spanish automotive aftermarket such as market drivers and trends, product offerings, government initiatives to boost the Spain’s automotive aftermarket market.

Segments covered in the Report:

The Spain Automotive Aftermarket has been segmented on the basis of vehicle type, certification, replacement part. By replacement parts, the market is segmented into tire, brake parts, battery, Lighting Components, filters, electronic components, Clutch Parts, Lubricants, Engine Components and others. Based on the vehicle type, the market has been segmented into commercial vehicles and passenger vehicles. Based on certification, the market has been segmented into Certified Parts, Genuine Parts, Counterfeit Parts, Others.

Market Segmentation

Spain Automotive Aftermarket by Vehicle Type

• • Commercial Vehicles
  • Passenger Vehicles

Spain Automotive Aftermarket by Replacement Parts

• • Tire
  • Battery
  • Brake Parts
  • Filters
    • Air Filter​
    • Oil Filter​
    • Others​
  • Lighting Components​
  • Electroniccomponents​
  • Lubricants​
  • Clutch Parts​
  • Engine Components
    • Timing Belt​
    • Spark Plugs​
    • Others​
  • Others

Spain Automotive Aftermarket by Certification

• • Genuine Parts
  • Certified Parts
  • Counterfeit Parts
  • Others