Truck and Trailer Technologies

05 Jul 2017  |  Europe  |  Market Research

Strategic Overview of the Commercial Vehicle Aftermarket in Europe, Forecast to 2023

OES Channel Expansion and Advancing In-vehicle Telematics to Drive CV Aftermarket

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Commercial vehicles (CV) parc in the European market was estimated at 38.9 million in 2016 and is projected to grow at a compound annual growth rate (CAGR) of 1.9% to reach 44.2 million by 2023. Eastern European countries, Germany, and the United Kingdom are expected to witness the highest growth in CV parc during the forecast period, which means g...