Impact of EVs and PHEVs on the North American Automotive Aftermarket, Forecast to 2025

  • ID: 4621310
  • Report
  • Region: North America, United States
  • 88 Pages
  • Frost & Sullivan
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Overall Aftermarket Revenue to Drop 2% by 2025 with the Penetration of EVs/PHEVs in Vehicle Parc

FEATURED COMPANIES

  • Brake Parts Inc
  • Chevrolet
  • Continental
  • Denso
  • Federal-Mogul
  • LG Chem
  • MORE

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.

Key Features

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.

This research also seeks to:

  • Understand the key demand drivers of legislation, incentives, technology, infrastructure and consumer preference for the adoption of EVs in North America.
  • Comprehend the quantum of maintenance and service required by EVs and how it impacts the total cost of ownership.
  • Analyze parts and service trends and revenue in the era of EVs / PHEVs and study emerging services and the corresponding first movers in this ecosystem.
  • Identify the impact of EVs and PHEVs on suppliers, companies most affected and companies that are best positioned to reap benefits from EVs.
  • Study the impact of EVs and PHEVs on vehicle servicing by analyzing service volumes, service types, service personnel and service technology; as well as understand who would benefit the most from EVs/PHEVs - OES or IAM.
  • Provide information on new tools used to service EVs and profile emerging participants in the IAM service channel.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Brake Parts Inc
  • Chevrolet
  • Continental
  • Denso
  • Federal-Mogul
  • LG Chem
  • MORE

1. Executive Summary

  • Key Findings
  • Key Demand Drivers in EV/PHEV Adoption
  • EV VIO/New Vehicle Sales-North America
  • Parts Overview and Expected Trend-Comparison between EV and ICV
  • Replacement Comparison EV versus ICV-Post 100,000 Miles
  • Replacement Parts Demand and Revenue Outlook-2017 and 2025
  • Emerging Services in the EV/PHEV Ecosystem

2. Research Scope, Objectives, Background, And Methodology

  • Research Scope
  • Research Aims and Objectives
  • Key Questions this Study will Answer
  • Research Methodology

3. Definitions And Segmentation

  • Market Definitions
  • Vehicle Segmentation

4. EV/PHEV Demand Drivers

  • Legislation Promoting EVs/PHEVs
  • Incentives for EVs/PHEVs
  • Technology-Recent & Current Improvements
  • Technology-Future Battery Improvements
  • Infrastructure-North America EV Charging Population
  • Consumer Perception

5. EV/PHEV Demand Base

  • EV VIO/New Vehicle Sales-North America
  • EV Age-wise VIO Split-North America
  • PHEV VIO/New Vehicle Sales-North America
  • PHEV VIO Age-wise Split-North America
  • EV/PHEV VIO as a Percentage of the Total VIO

6. 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 (Chevrolet Volt)
  • Battery Replacement Opportunity (Tesla Model S)

7. Impact Of EV/PHEVs On Vehicle Service

  • Key Trends in Vehicle Service from EV/PHEV Adoption
  • Cumulative Service Revenue
  • Service Types-New or Modified Areas of Maintenance
  • Service Personnel
  • Service Technology-Tools for EV/PHEVs
  • IAM Service-Emerging Participants

8. Impact Of EVs/PHEVs On Ecosystem-Oems, Suppliers And Aftermarket

  • EV/PHEVs-Channel Participant Outlook
  • OEM EV/PHEV Aftermarket Plans and Services
  • Tesla-Aftermarket Plans and Services
  • OEMs’ Future EV/PHEV Production Strategies
  • Adaptation of Parts Manufacturers to EV/PHEVs
  • OES Channel Activity-Adaptation in Manufacturing Parts for EV/PHEVs
  • Effect on Parts Retailers

9. Growth Opportunities And Companies To Action

  • Growth Opportunity-Sustaining Revenues through New Business Models and Extensive Training
  • Strategic Imperatives for Success and Growth

10. Conclusions

  • EV/Hybrid-Future Outlook of Parts and Services
  • Opportunities for the OES and IAM Channels Arising from EV/Hybrids
  • EV Aftermarket-Future Possibilities
  • The Last Word-3 Big Predictions
  • Legal Disclaimer

11. Appendix A-Vehicle Maintenance Comparison Of Key EV/PHEV Models

  • Battery Warranty and Life
  • OEM Service Package Comparison
  • Tesla Models New Vehicle Limited Warranty
  • Model S and Model X

12. Appendix B-EV/PHEV Fleet Ownership Overview

  • Factors Influencing Transition of Fleets to Evs
  • Corporate Fleet Usage-High Aftermarket Potential
  • US Fleet Usage Costs
  • Abbreviations
  • List of Exhibits
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  • Brake Parts Inc
  • Chevrolet
  • Continental
  • Denso
  • Federal-Mogul
  • LG Chem
  • NGK
  • Nissan
  • Samsung
  • Tesla
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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