Frost Radar™: Vehicle Retail Visualization Solutions in Europe, 2023

Automotive Frost Radar™: Vehicle Retail Visualization Solutions in Europe, 2023

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

INDUSTRY
Automotive
SECTOR
Aftermarket

RELEASE DATE
05-Dec-2023
REGION
Europe
DELIVERABLE TYPE
Frost Radar

RESEARCH CODE
MH2F-01-00-00-00
SKU
AU_2023_367
Yes
SHARE

$4,950.00

Special Price $3,712.50 save 25 %

In stock
SKU
AU_2023_367

Frost Radar™: Vehicle Retail Visualization Solutions in Europe, 2023
Published on: 05-Dec-2023 | SKU: AU_2023_367

Need more details?

$4,950.00

$3,712.50 save 25 %

DownloadLink
Need more details?

Original equipment manufacturers (OEMs) and dealers are exploring different approaches to reach out directly to customers to reduce the overall retail operating costs These approaches should be effective enough to market and sell their inventory in the competitive retail arena. Automotive eCommerce transformed during the COVID-19 pandemic. Many OEMs and dealerships relied on online sales channels to sell their inventories. In that context, visual digitalization played a crucial role in providing detailed product information, enhanced customer experience, and, most importantly, addressed the need to reduce physical interaction. Post- pandemic, online/digitalization retail still grows at a fast pace as tech-savvy millennials and Gen Zers become the largest car- buying groups—expecting a seamless and digital purchase journey.

Visual digitalization also results in a reduction in inventory management costs with limited real-estate and human resources requirements. These reductions in retail cost per vehicle sales are directly transferred to customers without compromising on OEMs’ or dealers’ profit. As virtual vehicle tours provide detailed visualization of vehicles and features, they also provide the retailer with an opportunity to upsell without allocating additional human resources to explain to the customers.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™ considering their strengths and the opportunities that best fit those strengths.

Vehicle Retail Visualization Solutions in Europe 2023

  • Vehicle Retail Visualization Solutions in Europe

Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.

Recent related Aftermarket research

17 Aug 2026   |   Asia Pacific   |   Market Research

Passenger Vehicle and Light Commercial Vehicle Aftermarket, APAC, 2024–2032

In this research service, Frost & Sullivan has assessed the automotive aftermarket in the Asia-Pacific (APAC) region, focusing on Australia, China, Indonesia, Japan, Malaysia, and Thailand.

The research service provides an aftermarket overview for 2025, covering automotive aftermarket perfor...

13 Aug 2026   |   Global   |   Market Research

AI in the Global Automobile Aftermarket

This analysis examines the AI applications reshaping the automotive aftermarket ecosystem, exploring key adoption areas, regional dynamics, emerging use cases, and AI-driven investments driving change in operations and business models. Structured into six core segments, the report focuses on major v...

23 Jul 2026   |   Global   |   Market Outlook

Growth Opportunities in the Automotive Aftermarket, Global, 2026

The global automotive aftermarket for light vehicles (≤6T GVWR) continues to demonstrate resilience despite moderating momentum in new vehicle sales. With a base year of 2025, this study evaluates market trends through 2030, providing a global perspective with region-specific insights for North Am...

20 Jul 2026   |   North America   |   Market Research

Passenger Car & Light Truck Driveline Components Aftermarket, North America, 2026–2032

This Frost & Sullivan analysis of the North American passenger car and light truck driveline components aftermarket examines the volume and value of the industry for driveline components, specifically driveshafts and U-joints, in North America. The report discusses replacement rates and average manu...

29 Jun 2026   |   Europe   |   Market Research

Passenger Vehicle Replacement Lead-Acid Battery Aftermarket, Europe, 2026–2032

The European lead-acid battery market for cars holds strong importance in the transport sector. These batteries remain the go-to choice for starting, lighting, and ignition (often called SLI) in vehicles with internal combustion engines, mild hybrids, and micro-hybrids that feature start-stop system...

 

Purchase includes:
  • Report download
  • Growth Dialog™ with our experts

Growth Dialog™

A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

Original equipment manufacturers (OEMs) and dealers are exploring different approaches to reach out directly to customers to reduce the overall retail operating costs These approaches should be effective enough to market and sell their inventory in the competitive retail arena. Automotive eCommerce transformed during the COVID-19 pandemic. Many OEMs and dealerships relied on online sales channels to sell their inventories. In that context, visual digitalization played a crucial role in providing detailed product information, enhanced customer experience, and, most importantly, addressed the need to reduce physical interaction. Post- pandemic, online/digitalization retail still grows at a fast pace as tech-savvy millennials and Gen Zers become the largest car- buying groups expecting a seamless and digital purchase journey. Visual digitalization also results in a reduction in inventory management costs with limited real-estate and human resources requirements. These reductions in retail cost per vehicle sales are directly transferred to customers without compromising on OEMs or dealers profit. As virtual vehicle tours provide detailed visualization of vehicles and features, they also provide the retailer with an opportunity to upsell without allocating additional human resources to explain to the customers. Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to reveal their position on the Frost Radar . The publication presents competitive profiles of each company on the Frost Radar considering their strengths and the opportunities that best fit those strengths.
More Information
Deliverable Type Frost Radar
Author Jagadeesh Chandran
Industries Automotive
No Index No
Is Prebook No
Keyword 1 Automotive Retail Technology
Keyword 2 Vehicle Retail Visualization Solutions Analysis
Keyword 3 Vehicle Retail Technology
Podcast No
WIP Number MH2F-01-00-00-00