Automobile Fast-Moving Replacement Market Expected to Experience Moderate but Consistent Revenue Growth.LONDON--(BUSINESS WIRE)--Nov. 26, 1996--Technical innovation and competitive pricing are expected to be key elements in any future success of the European automobile fast-moving components aftermarket. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report by international marketing consultant Frost & Sullivan, this market is forecast to diminish in terms of unit shipments; and, expected to become dominated further by the major pan-European companies fighting vigorously for market share. The automobile fast-moving components aftermarket in Europe experienced a reasonable level of growth in revenues between 1992 and 1995, when the market reached US$12.8 billion. Revenues are forecast to continue showing a consistent level of annual growth, and are expected to rise to US$17 billion by the end of the study period, 2002. Despite this positive outlook, the industry has been suffering a decline in the number of unit shipments and this trend is forecast to continue. Dr. Lia Paschalidou, research manager at Frost & Sullivan, reports: "Improvements to the quality and technical sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. of components are constantly being made by manufacturers and these are causing the life spans of products to increase and subdue demand." According to the report, the replacement market is increasingly being targeted by original equipment manufacturers, and also the franchised dealer network of the vehicle manufacturers who are looking to lessen their reliance on the original equipment market where sales margins can be minimal. Products have been benefiting from improvements made to technical specifications and the quality of construction, a trend which is expected to continue throughout the forecast period. The implications are of considerable importance as such changes are expected to continue to increase the life spans of products and lead to price increases. Vehicle manufacturers are demanding specifications for original equipment components which are more sophisticated and durable. This is having a direct effect on the aftermarket for all components. In terms of product types, the tires sector is leading the field with an estimated market value of US$8.04 billion in 1995. Ranking second is the market for starter batteries (US$1.45 billion) and exhaust parts (US$1.20 billion). Starter batteries are increasingly becoming maintenance free, brake friction materials are more durable and applications specific than before, exhaust parts are showing considerable improvements in life spans as are shock absorbers Shock absorbers See: Circuit breakers , sparking plugs and glow plugs. Companies participating in this market include: Ages, AlliedSignal (Europe), Alquati Camillo, Ansa Marmitte SpA, AP Lockheed, August Bilstein GmbH und Co KG, Autoclavite, Avon Rubber Avon Rubber plc is a world-leading manufacturer of high technology rubber-based products, principally components for a number of manufacturing sectors. Its largest divisions, namely Avon Technical Products, Avon Protection Systems and Milk-Rite produce equipment and components for Plc, Axel Rieckenberg, BBA Group BBA Group plc (LSE: BBA) is a British company which operates in two distinct areas of business: services for the aviation sector, and the manufacturing of specialist materials. However it was founded in 1897 as a textile manufacturing firm named W. Wilson Cobbett Ltd. , Beason-Cooke Ltd, Bellanger SA, Benson Components Ltd, Beru Ruprecht GmbH & Co KG, Bilstein, Boge Handels GmbH, Bosal NV, Bosch, Boysen, Bridgestone/Firestone Europe SA, Champion Spark Plug spark plug: see ignition. spark plug Device that fits into the cylinder head of an internal-combustion engine and carries two electrodes separated by an air gap, across which current from a high-tension ignition system discharges, creating a spark Co Ltd, Continental AG, Cromoduro SpA, Delphi, Descam SpA, Devil SA, Double "S" Exhausts Ltd, Ernst-Appartebau-Appartebau GmbH, Exide Batteries Ltd, Fernando Murcia SA, FIAMM FIAMM Fondo de Inversión en Activos de Mercado Monetario (money-market fund, money-market mutual fund) SpA, Fichtel und Sachs AG, Ford of Europe Incorporated, Friedrich Boysen GmbH & Co KG, Gabriel Europe Inc., Gayton, Gilardini SpA, Goodyear Europe, Graziani Sas di M Graziani, Hawker Energy Batteries Ltd, Hoppecke Accumulatorenwerke Zoellner & Sohn GmbH & Co KG, IMASAF SpA, ITT ITT Initial Teacher Training (UK) ITT I Think That ITT Invitation To Tender ITT Individual Time Trial (professional cycling) ITT Intention-To-Treat ITT In This Thread (forums) Automotive Europe, J Eberspacher, Konrad Keiser KG, Koni BV, Leistritz AG & Co Abgastechnik, Lipmesa, Lucas Industries Plc Lucas Industries plc was a famous manufacturer of components for the motor industry and aerospace industry. It was based in Birmingham, England, and quoted on the London Stock Exchange Foundation , Magneti Marelli Magneti Marelli Holding S.p.A. is a subsidiary of Fiat Group and leader in developing and manufacturing systems, modules and high-technology components for the automotive industry with 25,000 employees and a turnover of 4 billion euro in 2005. SpA, Michelin, Micke Johannes, Monroe Europe Coordination Center NV, Nauder Spark Plug, NGK NGK Nederlandse Gereformeerde Kerk (Dutch Reformed Church; South Africa) NGK New Greek NGK Nihon Gaishi Kaisha (NGK Insulators, Ltd. Nagoya, Japan) Spark Plug Europe GmbH, Nippondenso International Europe BV, Nokia Tyres, Pirelli SpA, Quinton Hazell Automotive Ltd, REMSA REMSA Railway Engineering-Maintenance Suppliers Association REMSA Regional Emergency Medical Services Agency (Revestimientos Especiales Moldeados SA), Rieckenberg, Robert Bosch GmbH Robert Bosch GmbH [1] is a German corporation which was started in 1886 by Robert Bosch in Stuttgart, Germany. [2] Bosch businesses include:
Frost & Sullivan is an international marketing consulting company that monitors the ground transportation industry for market trends, market measurements, and strategies. This ongoing research is utilized to update a series of research publications and to support industry participants with customized consulting needs. Free executive summaries of all Frost & Sullivan reports are available to the press. -0- Code: 3241-18 Publication Date: Mars 1996 Price: $3950 For inquiries in the United States, please contact: Amanda Christensen California 415.961.9000 ext. 231 415.961.5042 fax achristensen@frost.com Or, visit our web site at: http://www.frost.com For all other inquiries, please contact: Kristina Menzefricke Stefan Gerhardt London Frankfurt 44.171.730.3438 49.69.235057 44.171.730.3343 49.69.234566 CONTACT: Frost & Sullivan Amanda Christensen, 415/961-9000 ext. 231 achristensen@frost.com http://www.frost.com or Kristina Menzefricke, 44/171-730-3438 (London) Stefan Gerhardt, 49/69-235057 (Frankfurt) |
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