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The Impact of EVs and PHEVs on the European Automotive Aftermarket, Forecast to 2025
The Impact of EVs and PHEVs on the European Automotive Aftermarket, Forecast to 2025
With EV/PHEVs Expected to Account for 3.6% of the Total VIO by 2025, the Automotive Aftermarket Could Suffer a Service Revenue Loss of €0.5 Billion
RELEASE DATE
16-Oct-2018
16-Oct-2018
REGION
Europe
Europe
Research Code: ME01-01-00-00-00
SKU: AU01718-EU-MR_22436
$4,950.00
In stock
SKU
AU01718-EU-MR_22436
Description
This study focuses on the ramifications for the European aftermarket because of EVs and PHEVs in the vehicle parc. Analysis is done on how replacement parts demand and aftermarket revenue will be altered due to EVs and PHEVs. The geographic scope of the study is Europe and the base year is 2017. The deliverable explains the impact of the latest service offerings and technological advancements of OEMs like outdoor charging and battery ownership to improve the ownership experience. It sheds light on the changing focus of parts suppliers in the age of EVs/PHEVs and investments in R&D to adapt to this development. At the same time, it also highlights emerging participants in the IAM channel who have created products like battery diagnostics and charging, particularly for the EV market. Another key focus of this study is to give a detailed account of the competencies of IAM service technicians and their skill requirements in the future to prevent losing out to the OES channel.
The goal of the study is to forecast the possible revenue changes to the aftermarket due to multiple parts missing from EVs. Focus is on ignition and exhaust parts which are the most impacted. The study provides details on EV fleet procurement and charging infrastructure development initiatives by city councils and transportation departments in multiple European cities and how they affect service volume.
Research Highlights
The objective of this study is to research, analyze and predict the effect of EVs/PHEVs on parts and services in the European automotive aftermarket. It also seeks to:
- Understand the key demand drivers of policies, tax rebates, technology developments, charging infrastructure and consumer demand for the adoption of EVs in Europe.
- Understand the maintenance schedule of EVs and how it impacts the total cost of ownership and compare it with ICVs. It also details service packages of multiple OEMs.
- Highlight market leaders and first movers in the EV ecosystem and analyze parts and service trends and revenues in the era of EVs/PHEVs.
- Understand and compare training programs introduced by aftermarket leaders and OEMs to create a large talent pool for EV technicians capable of handling high-voltage equipment and well versed in data interpretation. The study also talks about how the demand for service technicians will change in the years to come and how remuneration will increase for specialists.
- Understand the impact of EVs and PHEVs on vehicle servicing by analyzing service volumes, service types, service personnel and service technology. It also aims to understand who would benefit the most from EVs/PHEVs — the OES or the IAM channel.
Table of Contents
Key Findings
Parts Overview and Expected Trend—Comparison between EV and ICV
Replacement Parts Demand and Revenue Outlook—2025
Replacement Comparison EV vs. ICV—100,000 Miles Driven
Research Scope
Research Aims and Objectives
Research Methodology
Market Definitions
Vehicle Segmentation
Trends in EV/PHEV Production and Sales
Legislations Promoting EVs/PHEVs
Incentives for EVs/PHEVs
Technology—Recent and Current Improvements
Technology—Future Battery Improvements
European EV Charging Infrastructure
Consumer Perception
Emerging Business Models in the EV/PHEV Ecosystem
EV VIO/New Vehicle Sales—Europe
EV Age-wise VIO Split—Europe
PHEV VIO/New Vehicle Sales—Europe
PHEV VIO Age-wise Split—Europe
EV/PHEV VIO as a Percentage of the Total
Key Findings—Part Replacement Demand
Supplier Contribution and Vehicle Composition—Comparison between EV and ICV
Aftermarket Revenue Impact—Brake Pads Replacement
Aftermarket Revenue Impact—Starters Replacement
Aftermarket Revenue Impact—Spark Plugs Replacement
Aftermarket Revenue Impact—Fuel Pumps Replacement
Aftermarket Revenue Impact—Oil Changes
Aftermarket Revenue Impact—Mufflers Replacement
Aftermarket Revenue Impact—Tires Replacement
Aftermarket Revenue Impact—Cabin Air Filters Replacement
Battery Replacement Opportunity (Nissan Leaf)
Battery Replacement Opportunity (Renault Zoe)
Battery Replacement Opportunity (Tesla Model S)
EV/PHEVs—Channel Participant Outlook
Service Revenue Impact from EV Fleet Procurement
OEM EV/PHEV Aftermarket Plans and Services
OEM Strategies
EV Services Features of European Leader BMW
Adaptation of Parts Manufacturers to EV/PHEVs
Impact on Parts Retailers
Service Personnel
Suppliers focusing on Aftermarket Training
IAM Service—Emerging Participants
Growth Opportunity—Connecting End Users through New Business Models and Faster Delivery
Strategic Imperatives for Success and Growth
EV/PHEV Aftermarket—Current and Future Trends
Opportunities for the OES and IAM Channels arising from EV/PHEVs
EV Aftermarket—Future Possibilities
The Last Word—3 Big Predictions
Legal Disclaimer
Halfords UK Service Offerings
Tesla Models UK Maintenance Plans
Model S and Model X
Renault Periodic Maintenance Service
Factors Influencing Transition of Fleets to Evs
Corporate Fleet Usage—High Aftermarket Potential
Abbreviations
List of Exhibits
List of Figures- 1. Impact of EVs and PHEVs on the Automotive Aftermarket: Vehicle Segmentation, Europe, 2017–2025
- 2. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, Germany, 2017–2025
- 3. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, UK, 2017–2025
- 4. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, Norway, 2017–2025
- 5. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, France, 2017–2025
- 6. Impact of EVs and PHEVs on the Automotive Aftermarket: Technology Improvements, Europe, 2017–2025
- 7. Impact of EVs and PHEVs on the Automotive Aftermarket: Supplier Adaptation to EVs, Europe, 2017–2025
- 8. Impact of EVs and PHEVs on the Automotive Aftermarket: Supplier Training Initiatives, Europe, 2017–2025
- 9. Impact of EVs and PHEVs on the Automotive Aftermarket: Aftermarket EV Service Plans, UK, 2018
List of Charts- 1. Impact of EVs and PHEVs on the Automotive Aftermarket: Key Findings, Europe, 2017–2025
- 2. Impact of EVs and PHEVs on the Automotive Aftermarket: EV vs ICV Vehicle Composition, Europe, 2017
- 3. Impact of EVs and PHEVs on the Automotive Aftermarket: Parts Demand and Revenue Outlook, Europe, 2017–2025
- 4. Impact of EVs and PHEVs on the Automotive Aftermarket: Ownership Cost Comparison EV and ICV, Europe, 2017–2025
- 5. Impact of EVs and PHEVs on the Automotive Aftermarket: Market Definitions, Europe, 2017–2025
- 6. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EVs and PHEVs, Europe, 2017–2025
- 7. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, Europe, 2017–2025
- 8. Impact of EVs and PHEVs on the Automotive Aftermarket: Battery Technology Innovations, Europe, 2017–2025
- 9. Impact of EVs and PHEVs on the Automotive Aftermarket: Charging Infrastructure, Europe, 2017
- 10. Impact of EVs and PHEVs on the Automotive Aftermarket: Factors Driving Adoption, Europe, 2017–2025
- 11. Impact of EVs and PHEVs on the Automotive Aftermarket: Emerging Business Models, Europe, 2017
- 12. Impact of EVs and PHEVs on the Automotive Aftermarket: New EV sales and VIO Forecast, Europe, 2017–2025
- 13. Impact of EVs and PHEVs on the Automotive Aftermarket: EV VIO Forecast by Age, Europe, 2017–2025
- 14. Impact of EVs and PHEVs on the Automotive Aftermarket: New PHEV Sales and VIO Forecast, Europe, 2017–2025
- 15. Impact of EVs and PHEVs on the Automotive Aftermarket: PHEV VIO Forecast by Age, Europe, 2017–2025
- 16. Impact of EVs and PHEVs on the Automotive Aftermarket: EV/PHEV as a percent of Total VIO Forecast, Europe, 2017–2025
- 17. Impact of EVs and PHEVs on the Automotive Aftermarket: Key Part Replacement Demand Findings, Europe, 2017–2025
- 18. Impact of EVs and PHEVs on the Automotive Aftermarket: Supplier Contribution, EV, Europe, 2017
- 19. Impact of EVs and PHEVs on the Automotive Aftermarket: Supplier Contribution, ICV, Europe, 2017
- 20. Impact of EVs and PHEVs on the Automotive Aftermarket: Parts Comparison Ratio, Europe, 2017
- 21. Impact of EVs and PHEVs on the Automotive Aftermarket: Starters Revenue Loss, Europe, 2019–2020
- 22. Impact of EVs and PHEVs on the Automotive Aftermarket: Starters Revenue Loss, Europe, 2024–2025
- 23. Impact of EVs and PHEVs on the Automotive Aftermarket: Spark Plugs Revenue Loss, Europe, 2019–2020
- 24. Impact of EVs and PHEVs on the Automotive Aftermarket: Spark Plugs Revenue Loss, Europe, 2024–2025
- 25. Impact of EVs and PHEVs on the Automotive Aftermarket: Fuel Pumps Revenue Loss, Europe, 2019–2020
- 26. Impact of EVs and PHEVs on the Automotive Aftermarket: Fuel Pumps Revenue Loss, Europe, 2024–2025
- 27. Impact of EVs and PHEVs on the Automotive Aftermarket: Oil Changes Revenue Loss, Europe, 2019–2020
- 28. Impact of EVs and PHEVs on the Automotive Aftermarket: Oil Changes Revenue Loss, Europe, 2024–2025
- 29. Impact of EVs and PHEVs on the Automotive Aftermarket: Mufflers Revenue Loss, Europe, 2019–2020
- 30. Impact of EVs and PHEVs on the Automotive Aftermarket: Mufflers Revenue Loss, Europe, 2024–2025
- 31. Impact of EVs and PHEVs on the Automotive Aftermarket: Tires Revenue Gain, Europe, 2019–2020
- 32. Impact of EVs and PHEVs on the Automotive Aftermarket: Tires Revenue Gain, Europe, 2024–2025
- 33. Impact of EVs and PHEVs on the Automotive Aftermarket: Cabin Air Filters Revenue Gain, Europe, 2019–2020
- 34. Impact of EVs and PHEVs on the Automotive Aftermarket: Cabin Air Filters Revenue Gain, Europe, 2024–2025
- 35. Impact of EVs and PHEVs on the Automotive Aftermarket: Nissan Leaf Battery Replacement Potential, Europe, 2019–2025
- 36. Impact of EVs and PHEVs on the Automotive Aftermarket: Renault Zoe Battery Replacement Potential, Europe, 2020–2025
- 37. Impact of EVs and PHEVs on the Automotive Aftermarket: Tesla Model S Battery Replacement Potential, Europe, 2021–2025
- 38. Impact of EVs and PHEVs on the Automotive Aftermarket: Channel Participation Outlook, Europe, 2017–2025
- 39. Impact of EVs and PHEVs on the Automotive Aftermarket: Cumulative Service Revenue, Europe, 2017–2025
- 40. Impact of EVs and PHEVs on the Automotive Aftermarket: OEM Strategies, Europe, 2017–2025
- 41. Impact of EVs and PHEVs on the Automotive Aftermarket: Business Impact on Parts Retailers in the IAM, Europe, 2017–2025
- 42. Impact of EVs and PHEVs on the Automotive Aftermarket: Future of Service Personnel in the Era of EV/PHEVs, Europe, 2017–2025
- 43. Impact of EVs and PHEVs on the Automotive Aftermarket: EV Dedicated Market Participants in the IAM, Europe, 2017
- 44. Impact of EVs and PHEVs on the Automotive Aftermarket: Opportunity Analysis, Europe, 2017–2025
Popular Topics
This study focuses on the ramifications for the European aftermarket because of EVs and PHEVs in the vehicle parc. Analysis is done on how replacement parts demand and aftermarket revenue will be altered due to EVs and PHEVs. The geographic scope of the study is Europe and the base year is 2017. The deliverable explains the impact of the latest service offerings and technological advancements of OEMs like outdoor charging and battery ownership to improve the ownership experience. It sheds light on the changing focus of parts suppliers in the age of EVs/PHEVs and investments in R&D to adapt to this development. At the same time, it also highlights emerging participants in the IAM channel who have created products like battery diagnostics and charging, particularly for the EV market. Another key focus of this study is to give a detailed account of the competencies of IAM service technicians and their skill requirements in the future to prevent losing out to the OES channel.
The goal of the study is to forecast the possible revenue changes to the aftermarket due to multiple parts missing from EVs. Focus is on ignition and exhaust parts which are the most impacted. The study provides details on EV fleet procurement and charging infrastructure development initiatives by city councils and transportation departments in multiple European cities and how they affect service volume.--BEGIN PROMO--
Research Highlights
The objective of this study is to research, analyze and predict the effect of EVs/PHEVs on parts and services in the European automotive aftermarket. It also seeks to:
- Understand the key demand drivers of policies, tax rebates, technology developments, charging infrastructure and consumer demand for the adoption of EVs in Europe.
- Understand the maintenance schedule of EVs and how it impacts the total cost of ownership and compare it with ICVs. It also details service packages of multiple OEMs.
- Highligh
| No Index | No |
|---|---|
| Podcast | Yes |
| Table of Contents | | Executive Summary~ || Key Findings~ || Parts Overview and Expected Trend—Comparison between EV and ICV~ || Replacement Parts Demand and Revenue Outlook—2025~ || Replacement Comparison EV vs. ICV—100,000 Miles Driven~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Methodology~ | Definitions and Segmentation~ || Market Definitions~ || Vehicle Segmentation~ | Demand Enablers~ || Trends in EV/PHEV Production and Sales~ || Legislations Promoting EVs/PHEVs~ || Incentives for EVs/PHEVs~ || Technology—Recent and Current Improvements~ || Technology—Future Battery Improvements~ || European EV Charging Infrastructure~ || Consumer Perception~ || Emerging Business Models in the EV/PHEV Ecosystem~ | EV/PHEV Demand Base~ || EV VIO/New Vehicle Sales—Europe~ || EV Age-wise VIO Split—Europe~ || PHEV VIO/New Vehicle Sales—Europe~ || PHEV VIO Age-wise Split—Europe~ || EV/PHEV VIO as a Percentage of the Total~ | Impact Of EV/PHEVs on Replacement Part & Service Demand~ || Key Findings—Part Replacement Demand~ || Supplier Contribution and Vehicle Composition—Comparison between EV and ICV~ || Aftermarket Revenue Impact—Brake Pads Replacement~ || Aftermarket Revenue Impact—Starters Replacement~ || Aftermarket Revenue Impact—Spark Plugs Replacement~ || Aftermarket Revenue Impact—Fuel Pumps Replacement~ || Aftermarket Revenue Impact—Oil Changes~ || Aftermarket Revenue Impact—Mufflers Replacement~ || Aftermarket Revenue Impact—Tires Replacement~ || Aftermarket Revenue Impact—Cabin Air Filters Replacement~ || Battery Replacement Opportunity (Nissan Leaf)~ || Battery Replacement Opportunity (Renault Zoe)~ || Battery Replacement Opportunity (Tesla Model S)~ | EV/PHEV Business Structure~ || EV/PHEVs—Channel Participant Outlook~ || Service Revenue Impact from EV Fleet Procurement~ || OEM EV/PHEV Aftermarket Plans and Services~ || OEM Strategies~ || EV Services Features of European Leader BMW~ || Adaptation of Parts Manufacturers to EV/PHEVs~ | Impact of EV/PHEVs on the Service Ecosystem~ || Impact on Parts Retailers~ || Service Personnel~ || Suppliers focusing on Aftermarket Training~ || IAM Service—Emerging Participants~ | Growth Opportunities and Companies to Action~ || Growth Opportunity—Connecting End Users through New Business Models and Faster Delivery~ || Strategic Imperatives for Success and Growth~ | Conclusions~ || EV/PHEV Aftermarket—Current and Future Trends~ || Opportunities for the OES and IAM Channels arising from EV/PHEVs~ || EV Aftermarket—Future Possibilities~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix A—Vehicle Maintenance Comparison of Key EV/PHEV Models~ || Halfords UK Service Offerings~ || Tesla Models UK Maintenance Plans~ || Model S and Model X~ || Renault Periodic Maintenance Service~ | Appendix B—EV/PHEV Fleet Ownership Overview~ || Factors Influencing Transition of Fleets to Evs~ || Corporate Fleet Usage—High Aftermarket Potential~ || Abbreviations~ || List of Exhibits~ |
| List of Charts and Figures | 1. Impact of EVs and PHEVs on the Automotive Aftermarket: Vehicle Segmentation, Europe, 2017–2025~ 2. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, Germany, 2017–2025 ~ 3. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, UK, 2017–2025 ~ 4. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, Norway, 2017–2025 ~ 5. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, France, 2017–2025 ~ 6. Impact of EVs and PHEVs on the Automotive Aftermarket: Technology Improvements, Europe, 2017–2025~ 7. Impact of EVs and PHEVs on the Automotive Aftermarket: Supplier Adaptation to EVs, Europe, 2017–2025~ 8. Impact of EVs and PHEVs on the Automotive Aftermarket: Supplier Training Initiatives, Europe, 2017–2025~ 9. Impact of EVs and PHEVs on the Automotive Aftermarket: Aftermarket EV Service Plans, UK, 2018~| 1. Impact of EVs and PHEVs on the Automotive Aftermarket: Key Findings, Europe, 2017–2025~ 2. Impact of EVs and PHEVs on the Automotive Aftermarket: EV vs ICV Vehicle Composition, Europe, 2017 ~ 3. Impact of EVs and PHEVs on the Automotive Aftermarket: Parts Demand and Revenue Outlook, Europe, 2017–2025~ 4. Impact of EVs and PHEVs on the Automotive Aftermarket: Ownership Cost Comparison EV and ICV, Europe, 2017–2025~ 5. Impact of EVs and PHEVs on the Automotive Aftermarket: Market Definitions, Europe, 2017–2025~ 6. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EVs and PHEVs, Europe, 2017–2025~ 7. Impact of EVs and PHEVs on the Automotive Aftermarket: Incentives for EV and PHEVs, Europe, 2017–2025~ 8. Impact of EVs and PHEVs on the Automotive Aftermarket: Battery Technology Innovations, Europe, 2017–2025~ 9. Impact of EVs and PHEVs on the Automotive Aftermarket: Charging Infrastructure, Europe, 2017~ 10. Impact of EVs and PHEVs on the Automotive Aftermarket: Factors Driving Adoption, Europe, 2017–2025~ 11. Impact of EVs and PHEVs on the Automotive Aftermarket: Emerging Business Models, Europe, 2017~ 12. Impact of EVs and PHEVs on the Automotive Aftermarket: New EV sales and VIO Forecast, Europe, 2017–2025~ 13. Impact of EVs and PHEVs on the Automotive Aftermarket: EV VIO Forecast by Age, Europe, 2017–2025~ 14. Impact of EVs and PHEVs on the Automotive Aftermarket: New PHEV Sales and VIO Forecast, Europe, 2017–2025~ 15. Impact of EVs and PHEVs on the Automotive Aftermarket: PHEV VIO Forecast by Age, Europe, 2017–2025~ 16. Impact of EVs and PHEVs on the Automotive Aftermarket: EV/PHEV as a percent of Total VIO Forecast, Europe, 2017–2025~ 17. Impact of EVs and PHEVs on the Automotive Aftermarket: Key Part Replacement Demand Findings, Europe, 2017–2025~ 18. Impact of EVs and PHEVs on the Automotive Aftermarket: Supplier Contribution, EV, Europe, 2017~ 19. Impact of EVs and PHEVs on the Automotive Aftermarket: Supplier Contribution, ICV, Europe, 2017~ 20. Impact of EVs and PHEVs on the Automotive Aftermarket: Parts Comparison Ratio, Europe, 2017~ 21. Impact of EVs and PHEVs on the Automotive Aftermarket: Starters Revenue Loss, Europe, 2019–2020~ 22. Impact of EVs and PHEVs on the Automotive Aftermarket: Starters Revenue Loss, Europe, 2024–2025~ 23. Impact of EVs and PHEVs on the Automotive Aftermarket: Spark Plugs Revenue Loss, Europe, 2019–2020~ 24. Impact of EVs and PHEVs on the Automotive Aftermarket: Spark Plugs Revenue Loss, Europe, 2024–2025~ 25. Impact of EVs and PHEVs on the Automotive Aftermarket: Fuel Pumps Revenue Loss, Europe, 2019–2020~ 26. Impact of EVs and PHEVs on the Automotive Aftermarket: Fuel Pumps Revenue Loss, Europe, 2024–2025~ 27. Impact of EVs and PHEVs on the Automotive Aftermarket: Oil Changes Revenue Loss, Europe, 2019–2020~ 28. Impact of EVs and PHEVs on the Automotive Aftermarket: Oil Changes Revenue Loss, Europe, 2024–2025~ 29. Impact of EVs and PHEVs on the Automotive Aftermarket: Mufflers Revenue Loss, Europe, 2019–2020~ 30. Impact of EVs and PHEVs on the Automotive Aftermarket: Mufflers Revenue Loss, Europe, 2024–2025~ 31. Impact of EVs and PHEVs on the Automotive Aftermarket: Tires Revenue Gain, Europe, 2019–2020~ 32. Impact of EVs and PHEVs on the Automotive Aftermarket: Tires Revenue Gain, Europe, 2024–2025~ 33. Impact of EVs and PHEVs on the Automotive Aftermarket: Cabin Air Filters Revenue Gain, Europe, 2019–2020~ 34. Impact of EVs and PHEVs on the Automotive Aftermarket: Cabin Air Filters Revenue Gain, Europe, 2024–2025~ 35. Impact of EVs and PHEVs on the Automotive Aftermarket: Nissan Leaf Battery Replacement Potential, Europe, 2019–2025~ 36. Impact of EVs and PHEVs on the Automotive Aftermarket: Renault Zoe Battery Replacement Potential, Europe, 2020–2025~ 37. Impact of EVs and PHEVs on the Automotive Aftermarket: Tesla Model S Battery Replacement Potential, Europe, 2021–2025~ 38. Impact of EVs and PHEVs on the Automotive Aftermarket: Channel Participation Outlook, Europe, 2017–2025~ 39. Impact of EVs and PHEVs on the Automotive Aftermarket: Cumulative Service Revenue, Europe, 2017–2025~ 40. Impact of EVs and PHEVs on the Automotive Aftermarket: OEM Strategies, Europe, 2017–2025~ 41. Impact of EVs and PHEVs on the Automotive Aftermarket: Business Impact on Parts Retailers in the IAM, Europe, 2017–2025~ 42. Impact of EVs and PHEVs on the Automotive Aftermarket: Future of Service Personnel in the Era of EV/PHEVs, Europe, 2017–2025~ 43. Impact of EVs and PHEVs on the Automotive Aftermarket: EV Dedicated Market Participants in the IAM, Europe, 2017~ 44. Impact of EVs and PHEVs on the Automotive Aftermarket: Opportunity Analysis, Europe, 2017–2025~ |
| Author | Vasudevan Rajesh |
| Industries | Automotive |
| WIP Number | ME01-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9800-A6,9801-A6,9AF6-A6 |
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