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Digitization and Electrification Reshaping the Fleet Maintenance Paradigm in North America, 2020–2030
Digitization and Electrification Reshaping the Fleet Maintenance Paradigm in North America, 2020–2030
Vehicle Maintenance Aided by AI, Telematics, and Predictive Solutions to Enhance Stakeholder Growth Opportunities
30-Sep-2020
North America
$4,950.00
Special Price $3,712.50 save 25 %
Description
The aim of this study is to gauge the aftermarket opportunity from maintenance of new mobility fleets in North America between 2020 and 2030.
The study provides a detailed analysis of the key trends influencing the North American new mobility ecosystem. It estimates the potential revenue accruable from servicing and repair of car sharing and ride hailing fleets in the United States and Canada. It further analyzes the impact of vehicle powertrain on annual spend per vehicle (SPV) and offers a comparison of ownership costs for ICE equipped vehicles, hybrid vehicles, and electric vehicles (EVs) deployed in new mobility fleets. While highlighting the key market drivers and restraints for the new mobility segment in the short to medium term, the study also throws light on futuristic scenarios that fleet maintenance will inevitably be steered towards. It also puts forth fleet electrification scenarios for the forecast period considering the latest developments in the new mobility space.
According to Frost and Sullivan analysis, the aftermarket revenues from servicing new mobility fleets in North America are pegged to grow at a CAGR of 11.4% between 2019 and 2030. Even though Coronavirus 2019 (COVID-19) related apprehensions regarding shared mobility platforms will keep annual vehicle miles travelled and hence aftermarket revenues subdued in the short run, revenues from servicing and repair of new mobility vehicles are estimated to be restored to pre COVID-19 levels by 2021. A latest development is the announcement by a prominent market player to embark on an aggressive fleet electrification agenda by the end of the forecast period. This will catalyze an industry-wide shift towards cleaner powertrains and consequently impact the revenue potential from maintenance as spares stocking and manpower expertise requirements vary significantly between powertrain types. Revenues from IC engines as a proportion of total accruable revenues could reduce by more than half of the initial estimates by 2030 if this scenario is to pan out.
Key Features
Key objectives of the study include the following:
- To estimate the available market opportunity from servicing new mobility fleets in the United States and Canada
- To quantify the cost impact of specific service and repair jobs on the overall annual expenditure incurred towards a fleet vehicle’s maintenance
- To identify key trends shaping the new mobility segment and gauge their impact on the growth trajectory of the aftermarket business
- To ascertain the extent to which generic trends in the wider automotive industry will penetrate into the new mobility fleets and the consequent impact they will have on aftermarket revenues
- To illustrate the inherent benefits of prioritizing new mobility fleet maintenance over traditional taxi fleets
- To elucidate the emerging growth opportunities with abundant potential from a customer retention and revenue perspective
Key Issues Addressed
- What is the overall market size for new mobility fleet maintenance services?
- What are the emergent service fulfilment models and partnerships that are likely to rake in revenues for stakeholders?
- What are the key industry trends that are likely to shape the future of fleet maintenance?
- What is the financial impact of powertrain types on vehicle ownership costs?
- What are the growth opportunity areas that can be leveraged by ecosystem participants?
- Who are the major ecosystem participants, what they stand to gain from, and what they contribute to the new mobility fleet service business?
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the New Mobility Fleet Maintenance Business
Growth Opportunities Fuel the Growth Pipeline Engine™
5 Big Predictions for New Mobility Fleets
Key Trends Shaping the Fleet Maintenance Space
Revenues from Maintenance of New Mobility Fleets in North America
Prominent Stakeholders in the New Mobility Ecosystem
New Mobility Fleet Maintenance, Scope Of Analysis
New Mobility Fleets in North America, Segmentation by Application
New Mobility Fleets in North America, Segmentation by Powertrain Types
Vehicle Segmentation
Abbreviations Used in the Study
Definition of Terms and Phrases Used in this Study
Growth Drivers for New Mobility Fleet Maintenance
Growth Restraints for New Mobility Fleet Maintenance
Key Growth Metrics for New Mobility Fleets
Forecast Assumptions, New Mobility Maintenance Market
New Mobility Fleets—VIO Overview for Car Sharing and Ride Hailing
Evolution of Fleet Maintenance towards Predictive Models
New Mobility Maintenance—Revenue Forecast
Revenue Forecast by Vehicle Powertrain Type
Powertrain Impact on Fleet Maintenance Costs
Scheduled Maintenance Job Categories based on Annual Job Frequency
Revenue Stream by Service Job Type
Fleet Electrification Overview
Vehicle Cleaning, New Mobility Fleets
Future of New Mobility Fleet Maintenance
New Mobility Fleets vs. Traditional Taxis
Service Fulfillment Process Overview for New Mobility Fleets
Key Growth Metrics for Car Sharing Fleets
Car Sharing VIO Outlook
Market Opportunity From Car Sharing Maintenance
Revenue Categorization by Powertrain Type
Vehicle-level Maintenance Cost Impact by Powertrain Type
Overview of Car Sharing Maintenance Process
Fleet Operator Overview, Modo Car Share
Key Participants in the Car Sharing Ecosystem
Service Partners for CSOs
Cost Impact of Service and Repair Jobs for Car Sharing Fleets
Key Growth Metrics for Ride Hailing Fleets
Ride Hailing VIO Outlook
Ride Hailing Maintenance, Market Opportunity
Revenue Categorization by Powertrain Type
Scenario Analysis
Vehicle-level Maintenance Cost Impact by Powertrain Type
Cost Impact of Service and Repair Jobs for Ride Hailing Fleets
Ride Hailing Fleet Maintenance Activities
Fleet Maintenance Partners
Future Outlook for the Ride Hailing Maintenance Ecosystem
Company Profile 1—Ride Hailing: Uber
Company Profile 2—Ride Hailing: Lyft
Company Profile 3—Car Sharing: Turo
Company Profile 4—On-Demand Services: YourMechanic
Company Profile 5—On-Demand Services: Get Spiffy
Company Profile 6—Online Service Aggregator: Openbay
Company Profile 7—Online Service Aggregator: CarAdvise
Company Profile 8—Fleet Management Company: Wheels Inc
Company Profile 9—Oil Change Specialty: Jiffy Lube
Company Profile 10—Parts Retail Chain: Advance Auto Parts
Growth Opportunity 1—Custom Preventive Maintenance Packages for Specific Fleet Maintenance Requirements, 2020
Growth Opportunity 1—Custom Preventive Maintenance Packages for Specific Fleet Maintenance Requirements, 2020 (continued)
Growth Opportunity 2—Digitization for Fleet Aftersales Requirements, 2020
Growth Opportunity 2—Digitization for Fleet Aftersales Requirements, 2020 (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Key Features
Key objectives of the study include the following:
- To estimate the available market opportunity from servicing new mobility fleets in the United States and Canada
- To quantify the cost impact of specific service and repair jobs on the overall annual expenditure incurred towards a fleet vehicle’s maintenance
- To identify key trends shaping the new mobility segment and gauge their impact on the growth trajectory of the aftermarket business
- To ascertain the extent to which generic trends in the wider automotive industry will penetrate into the new mobility fleets and the consequent impact they will have on aftermarket revenues
- To illustrate the inherent benefits of prioritizing new mobility fleet maintenance over traditional taxi fleets
- To elucidate the emerging growth opportunities with abundant potential from a customer retention and revenue perspective
Key Issues Addressed
- What is the overall market size for new mobility fleet maintenance services?
- What are the emergent service fulfilment models and partnerships that are likely to rake in revenues for stakeholders?
- What are the key industry trends that are likely to shape the future of fleet maintenance?
- What is the financial impact of powertrain types on vehicle ownership costs?
- What are the growth opportunity areas that can be leveraged by ecosystem participants?
- Who are the major ecosystem participants, what they stand to gain from, and what they contribute to the new mobility fleet service business?
| No Index | No |
|---|---|
| Podcast | No |
| Author | Lakshmi Venugopal |
| Industries | Automotive |
| WIP Number | K4CC-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9813-A6,9B01-A6,9801-A6,9963-A6 |