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Overall Aftermarket Revenue to Drop 2% by 2025 with the Penetration of EVs/PHEVs in Vehicle Parc
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This research study focuses on the changes to the aftermarket in North America due to the current and expected future proliferation of EVs / PHEVs. The deliverable analyses the effects on parts and services revenue from the EV / PHEV vehicles in operation. The geographic scope of this study is North America and the base year is 2017. The research offers information on OEMs and service offerings and technological advancements to stay competitive in the EV market. It follows the latest advancements in product offerings by suppliers, changes to the supplier mix and partnerships between suppliers to introduce new products for EVs. At the same time, the study also sheds light on start-ups who have developed new disruptive technologies and retailers who are in the business of retrofitting ICVs with EV components.Another key focus of this study is to give a detailed account of the competencies of IAM service technicians and their skills requirements in the future to prevent losing out to the OES channel. The study delineates the impact of policies taken by governments, municipal organizations and fleets and the effects they may have on the aftermarket. The objective of this study is to analyze the parts that are both negatively and positively impacted by EVs, enlist growth opportunities for the aftermarket and indicate the suppliers most impacted. The study provides valuable insights on EVS / PHEVs in fleets and OEM service contracts.
Objectives: The objective of this study is to research, analyze and predict the effect of EVs / PHEVs on parts and services in the North American automotive aftermarket.
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