Helping you understand how BEVs will affect the European aftermarket
WESP Automotive Business Intelligence proudly presents our comprehensive EV Aftermarket Trend Report. This extensive analysis provides crucial insights into the rapidly evolving electric vehicle aftermarket sector and is available for €1.000,-.
Key Takeaways
- The impact of electrification on total aftermarket revenue will be limited, but a major product mix shift will impact margins significantly and impact individual companies hard.
- In 2035, the European retail aftermarket revenue will grow to €154 million, despite BEVs slowing down revenue growth by 3.8%.
- The total margin will go down by just below 10% from 38.4% to 34.5%, but new independent aftermarket (IAM) entrants for electric car parts will most likely have a dampening effect on margin erosion.
- The majority of European passenger cars will still be ICE or hybrid-powered in 2035, so abandoning traditional product lines is unadvisable, but process optimization will probably be necessary.
- BEVs offer new product possibilities, but fast investment is necessary to capture a market position while the market is still being established.
Key Features of the Report
This report aims to provide a fact-based analysis on the impact of electrification on the European passenger car retail aftermarket. The key focus areas include:
- Projecting the future size and composition of the European passenger car fleet, including the growth of battery-electric vehicles (BEVs).
- Analyzing the current size and structure of the European passenger car retail aftermarket.
- Assessing the potential impact of electrification on aftermarket revenue and profit margins.
- Identifying the key challenges and opportunities for the retail aftermarket as the passenger car fleet becomes increasingly electrified.
- Revenue mapped in the product groups Key parts, Labour, Oil & lubricants, and other parts
By combining a large dataset on the Dutch aftermarket with research on the Benelux passenger car market, this report provides a focused view on the future of the European passenger car retail aftermarket in 2035.
Who Needs This Report?
This report is essential reading for:
- Aftermarket parts manufacturers
- Car workshop owners and managers
- Automotive industry strategists
- Investors in the EV sector
Buy the European Aftermarket EV Impact Report
What's Included
- Full PDF report (88 pages)
- Executive summary
- Detailed market analysis
- Future trend predictions
- Actionable recommendations
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