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OE Suppliers CASE Strategies for the Automotive Aftermarket, North America, Europe, and China, 2023 2030
The Automotive Aftermarket is Experiencing Transformational Growth by Focusing on Digital and Electrification Retrofitting Solutions due to Investment Flow and Strategic Collaborations for EV, Connected Car, and Autonomous Vehicle Technologies
23-Jul-2024
Global
Market Research
This study examines key original equipment (OE) suppliers' aftermarket strategies in the rapidly evolving automotive connected, autonomous, shared, and electric (CASE) domain. Spanning Europe (including the 27 European Union countries and the United Kingdom), North America (the United States and Canada), and China, the focus is on 2023 to 2030. The study overviews current and future aftermarket trends related to CASE vehicles, highlighting the strategies OE suppliers are likely to adopt to meet CASE vehicles' aftermarket requirements. The study analyzes aftermarket stakeholders' preparedness levels in terms of CASE vehicles' service and maintenance. It identifies key parts likely to be replaced in the aftermarket channel and benchmarks OE suppliers' activities across different regions and CASE domains based on specific parameters, offering a comprehensive overview of the CASE industry's complex dynamics.
The Impact of Top 3 Strategic Imperatives on Key OE Suppliers’ CASE Strategies for the Aftermarket
Transformative Megatrends
why
CASE aligns with global shifts in technological advancements, such as AI and IoT, and addresses society’s demand for sustainability and smart systems. Innovations in CASE drive efficiency in vehicle service/maintenance-related activities, push regulations, and create new markets, directly and indirectly shaping the future of mobility.
Frost Perspective
Benchmarking CASE suppliers offers opportunities such as predictive maintenance, data monetization, and training technicians on CASE-related aspects; it also improves automotive workshops’ overall efficiency.
Disruptive Technologies
Why
The disruption the aftermarket is facing is temporary; however, it is empowering stakeholders to predict future service requirements and develop innovative solutions. While challenging the dominance of OE suppliers, it shapes the landscape of new business models for emerging technologies and brings a more level playing field to the aftermarket ecosystem.
Frost Perspective
The disruption sparks innovation, encourages partnerships, and helps aftermarket businesses adapt to new technologies, especially in the dynamic environment of shifting consumer demands and technology trends.
Industry Convergence
Innovative technologies through CASE facilitates collaboration among several industries, including automotive, technology, and maintenance and services. This drives innovation and uncovers new growth opportunities across industries.
Frost Perspective
The way forward involves the digital transformation of the aftermarket, technician upskilling, and developing partnerships across industries to adopt and evolve CASE technologies and customer expectations.
Scope of Analysis
The study covers the following topics:
- It provides an overview of the CASE segment, focusing on growth drivers, challenges, and how these factors influence the automotive industry's development.
- It analyzes key OE suppliers’ adoption of CASE technologies and assesses their technological advancements and product portfolios.
- It offers a comparative analysis of key OE suppliers.
- It evaluates OE suppliers’ strategic initiatives, including partnerships and innovations and their impact on the automotive industry in terms of CASE.
Key Findings
Retrofitting: The Bridge to Technology Adoption Retrofitting integrates advanced technologies into existing vehicles for a smoother and cost-effective transition from traditional vehicles to hybrid or electric alternatives.
Standardization: The Game Changer Standardization ensures a simplified user experience, with greater ease of maintenance, servicing, and parts replacement. It also ensures the efficient delivery of aftermarket services.
Vehicle Safety and Security: Addressing Potential Weaknesses Suppliers are integrating safety and cybersecurity features to address possible vulnerabilities due to increased vehicle connectivity.
EVs: Driving Ecosystem Evolution New businesses that provide battery maintenance, ADAS recalibration, and maintenance and replacement are emerging, and their focus is on establishing a circular economy in the automotive sector, complemented by EV and hybrid ecosystems.
Data-driven Services: Enhancing Predictive Maintenance AI technologies play a crucial role in enhancing predictive maintenance and fleet management, streamlining maintenance activities, and ensuring seamless software updates and access to remote training and servicing.
Growth Drivers
| Driver |
|---|
| Digital Transformation Through Data Analytics Data capture and analytics improve vehicle uptime, service and maintenance, and customer experience and evaluate the feasibility of new product development in CASE. |
| Collaborations and Partnerships These include collaborations with technology-oriented companies to integrate hardware and software to enhance product smartness. |
| Technology Advancements and Innovation CASE technologies require extensive product development, R&D, and testing. These influence upstream and downstream supplier strategies and customer purchasing behavior. |
| Regulations and Policies A gradual integration of new regulations into product development and business strategies is taking place; for example, regulations on emission and data sharing. |
| Consumer Preferences and Demand These are primarily driven by technology, price, and environmental consciousness, which are crucial from a parts supplier’s perspective. |
Growth Restraints
| Restraint |
|---|
| Cybersecurity and Data Integrity Vulnerabilities The risks associated with hacking and data privacy are critical factors that must be addressed to win public trust and ensure the successful adoption of CASE strategies across various platforms. |
| High Product Development Costs CASE technologies involve R&D, infrastructure, and testing expenses, which are significant challenges for small OE suppliers that specialize in CASE-related solutions. |
| Policy Uncertainty and Regulatory Hurdles OE suppliers find it difficult to comply with regional regulations due to unclear/evolving global standards. |
| Slow Customer Adoption and Lack of Trust New CASE products/software are likely to face safety, reliability, and cost issues, which will affect customer acceptance. |
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of Top 3 Strategic Imperatives on Key OE Suppliers’ CASE Strategies for the Aftermarket
Scope of Analysis
Definitions—CASE
Questions This Study Will Answer
OE Supplier Evaluation Criteria
OE Supplier Evaluation Criteria (continued)
CASE Supplier Universe
Growth Drivers
Growth Restraints
Key Findings
Key Trends Influencing CASE Suppliers
Nature of OE Partnerships in the CASE Ecosystem
CASE Ecosystem—Challenges and Barriers
CASE Ecosystem—Challenges and Barriers (continued)
Emerging Business Models Driven by CASE Technologies
Emerging Business Models Driven by CASE Technologies (continued)
Current Versus Future CASE Strategies
Current Versus Future CASE Strategies (continued)
R&D in the CASE Ecosystem
R&D in the CASE Ecosystem (continued)
Strategic Positioning—CASE Technology Suppliers
Strategic Imperatives—OE Supplier Partnerships
Current and Future OE Suppliers’ Upstream and Downstream Strategies
Current and Future OE Suppliers’ Upstream and Downstream Strategies (continued)
Connected Cars Aftermarket Parts—Window of Replacement Opportunity
Strategic Benchmarking Framework for CASE OE Suppliers— Connected Cars
Strategic Benchmarking Framework for CASE OE Suppliers— Connected Cars (continued)
OE Supplier Activity by Region—Connected Cars
Benchmarking Analysis
Benchmarking Analysis (continued)
Benchmarking Analysis (continued)
Strategic Imperatives—OE Supplier Partnerships
Current and Future OE Suppliers’ Upstream and Downstream Strategies
AV Aftermarket Parts—Window of Replacement Opportunity
Strategic Benchmarking Framework for CASE OE Suppliers— Autonomous Vehicles
Strategic Benchmarking Framework for CASE OE Suppliers— Autonomous Vehicles (continued)
OE Supplier Activity by Region—Autonomous Vehicles
Benchmarking Analysis
Benchmarking Analysis (continued)
Benchmarking Analysis (continued)
Strategic Imperatives—OE Supplier Partnerships
Current and Future OE Suppliers’ Upstream and Downstream Strategies
Current and Future OE Suppliers’ Upstream and Downstream Strategies (continued)
Shared Mobility Aftermarket Parts—Window of Replacement Opportunity
Strategic Benchmarking Framework for CASE OE Suppliers—Shared Mobility
Strategic Benchmarking Framework for CASE OE Suppliers—Shared Mobility (continued)
OE Supplier Activity by Region—Shared Mobility
Benchmarking Analysis
Benchmarking Analysis (continued)
Benchmarking Analysis (continued)
Strategic Imperatives—OE Supplier Partnerships
Current and Future OE Suppliers’ Upstream and Downstream Strategies
Current and Future OE Suppliers’ Upstream and Downstream Strategies (continued)
EV Aftermarket Parts—Window of Replacement Opportunity
Strategic Benchmarking Framework for CASE OE Suppliers—EVs
Strategic Benchmarking Framework for CASE OE Suppliers—EVs (continued)
OE Supplier Activity by Region—EVs
Benchmarking Analysis
Benchmarking Analysis (continued)
Benchmarking Analysis (continued)
Growth Opportunity 1—Pioneering Battery Technology and Aftermarket Integration
Growth Opportunity 1—Pioneering Battery Technology and Aftermarket Integration (continued)
Growth Opportunity 2—Connected and Autonomous Driving Data-related Subscription Services
Growth Opportunity 2—Connected and Autonomous Driving Data-related Subscription Services (continued)
Growth Opportunity 3—Leveraging AR/VR Technologies to Train and Service CASE Vehicles
Growth Opportunity 3—Leveraging AR/VR Technologies to Train and Service CASE Vehicles (continued)
The Last Word—Big Predictions
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
Legal Disclaimer
List of Figures- Benchmarking Key OE Suppliers’ CASE Strategies for the Automotive Aftermarket: Growth Drivers, Global, 2024–2030
- Benchmarking Key OE Suppliers’ CASE Strategies for the Automotive Aftermarket: Growth Restraints, Global, 2024–2030
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| Deliverable Type | Market Research |
|---|---|
| Author | Preran Mahanthaiah |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Automotive Aftermarket |
| Keyword 2 | Case Strategies |
| Keyword 3 | Automotive Study |
| List of Charts and Figures | Benchmarking Key OE Suppliers’ CASE Strategies for the Automotive Aftermarket: Growth Drivers, Global, 2024–2030~ Benchmarking Key OE Suppliers’ CASE Strategies for the Automotive Aftermarket: Growth Restraints, Global, 2024–2030~ |
| Podcast | No |
| WIP Number | KA14-01-00-00-00 |