Automotive Frost Radar™: Two-wheeler Maintenance in Asia, 2022

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

INDUSTRY
Automotive

RELEASE DATE
29-Nov-2022
REGION
Asia Pacific
DELIVERABLE TYPE
Frost Radar

RESEARCH CODE
PE09-01-00-00-00
SKU
AU02457-AP-MR_27178
Yes
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Frost Radar™: Two-wheeler Maintenance in Asia, 2022
Published on: 29-Nov-2022 | SKU: AU02457-AP-MR_27178

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Maintenance is a major component of the $150 billion global two-wheeler market, which includes electric and internal combustion engine vehicles. Frost & Sullivan expects maintenance revenue to witness exponential growth during the next five years driven by demand for premium two-wheelers, a growing secondhand market, emission concerns, carbon neutrality targets, evolving mobility needs and the demand for electric micromobility in delivery fleets, rising fuel costs, and digitization trends.

The two-wheeler industry’s gradual shift toward electrification has service providers upskilling workforces on the use of equipment that reads onboard diagnostic modules for the software- and sensor-oriented vehicles’ specific maintenance and repair needs. An electric two-wheeler needs only about 10% of the replacement parts of a comparable internal combustion engine vehicle during its periodic maintenance and may require a unique set of tools for service or repair.

Internet penetration in Asia is having an effect on the industry as customers increasingly rely on Google reviews and social media platforms for the identification of suitable maintenance service providers. Digitization that has accelerated since the COVID-19 pandemic began has compelled service providers to devise innovative business models that prioritize convenience and comfort for the customer. Digital payment options, smartphone app-based service scheduling, online spare parts retail, doorstep servicing, and pickup/drop service are among the resources that have gained traction since 2020.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes numerous companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Strategic Imperative

Growth Environment

Frost Radar™: Two-wheeler Maintenance in Asia

Frost Radar™: Competitive Environment

Frost Radar™: Competitive Environment (continued)

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CredR

GoBumpr

Gogoro

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Royal Enfield

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Yamaha

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Significance of Being on the Frost Radar™

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Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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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.

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Maintenance is a major component of the $150 billion global two-wheeler market, which includes electric and internal combustion engine vehicles. Frost & Sullivan expects maintenance revenue to witness exponential growth during the next five years driven by demand for premium two-wheelers, a growing secondhand market, emission concerns, carbon neutrality targets, evolving mobility needs and the demand for electric micromobility in delivery fleets, rising fuel costs, and digitization trends. The two-wheeler industry’s gradual shift toward electrification has service providers upskilling workforces on the use of equipment that reads onboard diagnostic modules for the software- and sensor-oriented vehicles’ specific maintenance and repair needs. An electric two-wheeler needs only about 10% of the replacement parts of a comparable internal combustion engine vehicle during its periodic maintenance and may require a unique set of tools for service or repair. Internet penetration in Asia is having an effect on the industry as customers increasingly rely on Google reviews and social media platforms for the identification of suitable maintenance service providers. Digitization that has accelerated since the COVID-19 pandemic began has compelled service providers to devise innovative business models that prioritize convenience and comfort for the customer. Digital payment options, smartphone app-based service scheduling, online spare parts retail, doorstep servicing, and pickup/drop service are among the resources that have gained traction since 2020. The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes numerous companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.
More Information
Deliverable Type Frost Radar
Author Deepan Chinnaswamy
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number PE09-01-00-00-00

Frost Radar™: Two-wheeler Maintenance in Asia, 2022

$4,950.00
In stock
SKU
AU02457-AP-MR_27178