The European Consumables Market 2012 - 2022: Market size, market forecast and recommendations
Consumables market in Europe is forecast to grow in both volume and value, after a period during which volumes remained flat as a result of falling replacement rates. The online channel and service stations are set to benefit as consumers continue to treat screenwash as a convenience product, whilst garages and VMNs will benefit, although to a lesser degree from vehicle manufacturers specifying the use of long life - and manufacturer / vehicle specific - coolant in new vehicles.
Since 2012, the volumes of consumable products sold have grown slightly, with the market having increased by a bit over 7% between 2012 and 2017. While volumes have only grown slightly, values have increased by almost 16% over the same period. It is a similar story with the individual components. Antifreeze and Coolant volumes grew by nearly 7% while values increased by about 16%, while screenwash volumes grew by over 7%, while values growing by well over 15%.
Overall volumes of consumables sold are forecast to increase by nearly 12% by 2022, while values are forecast to increase by about 16%. Antifreeze and Coolant volumes will grow by nearly 12%, with values growing by about 16%. Screenwash volumes will grow by over 11%, and values will grow by over 15%.
New passenger vehicle registrations in Europe rose by about 5% over the 12 months of 2016, with mass-market automakers Peugeot, Renault, Dacia, Fiat, Hyundai, Volvo, Mazda, Suzuki, Mitsubishi all showing stronger growth than many premium brands, with sales being boosted by new models, competitive pricing, discounts offered by automakers and by car owners renewing ageing vehicles.
The report The European Consumables Market 2012 - 2022: Market size, market forecast and recommendations, provides an executive-level overview of the European consumables market today, with forecasts of values and volumes up to 2022. It delivers deep quantitative and qualitative insight into the European consumables market, analyzing key trends in the market based on proprietary data from our aftermarket databases.
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