A global growth
Meanwhile, our aftermarket, following a slight decline in 2017 (-1%), closes the first six months of 2018 with a positive sign (+2,3%)
From 2007 to 2017, according to the most up-to-date data available, the global demand for motor vehicles rose by 35%, from 72 to 97 million units. The demand, though, has changed enormously: industrialized countries, and historically the largest areas of production - EU15, USA/Canada and Japan – saw their market share drop by 14 points, from 57% to 43%, while BRIC countries (Brazil, Russia, India and China), whose demand grew by 129% compared to 2007, reached 38% of the global market with a staggering 15% growth (it was 23% in 2007).
All data come from the survey "The global automotive industry in 2017 and trends in 2018", carried out by Anfia, which summarizes the main results recorded by the automotive industry worldwide in the last decade.
But how does all this impact the automotive sector as a whole, and especially in Italy, starting from a crucial element of the supply chain, the Aftermarket? Paolo Vasone, coordinator of Anfia’s Aftermarket division says: "The automotive spare parts market, after the slight fall experienced in 2017 (-1%), closed the first half of 2018 with a positive sign (+ 2.3%)".
"The Italian Aftermarket - insists Vasone - plays an important role on the European scene, but is currently experiencing a strong transformation phase and repositioning of leadership levels – partly as a consequence of the significant influx of foreign capital into some of the largest Italian distribution networks - which requires all players involved in the supply chain to make some adjustment. In this process of transformation, high quality products and services and professional standards will still be the cornerstone of the entire sector, with a view to maintaining and increasing the product ranges on offer as well as market shares".
Looking closely at the "Aftermarket Barometer” - an internal statistical survey of the AnfiaComponents Group which provides an indication of the automotive parts market trends - aftermarket sales increased by 2.3% in the first half of 2018 compared to in the same period of 2017, which experienced a slight decrease by 1.8% compared to January-June 2016. If, on the one hand, the first quarter was in line with January-March 2017 (+ 0.04%), the second quarter reported a significant growth (+ 4.6%). Looking at the performance of individual product families, three out of five recorded a positive trend.
The double-digit increase in body and interior components (+14.4%), more than made up for the poor results (-0.4%) in the first half of 2017, and was followed by growing figures in electrical and electronic components (+7,5%) and consumables (+ 6.2%), which improved considerably over the first half of last year (-9.7% and -3.6%, respectively). Undercar components showed a slight decrease (-0.8%), quite in line with the first half of 2017 (-1.1%), while engine components recorded the most disappointing figures (-5.5%), against the positive result dated January-June 2017 (+ 2.3%).