Innovative Business Models and Transformative Mega Trends Enhance Growth Potential in the PHEV/BEV Aftermarket
The North American passenger vehicle industry is approaching an inflection point. The ongoing vehicle power train electrification is expected to accelerate in the wake of the COVID-19 pandemic as policymakers and the entire mobility ecosystem intensify their focus on the sustainability aspects of personal motoring.
As passenger vehicle electrification progresses, aftermarket participants increasingly agree that the entire value chain’s revenue and profit pools will shrink due to the burgeoning plug-in hybrid electric vehicle (PHEV)/battery electric vehicle (BEV) footprint in the overall light vehicle parc. Against this backdrop, the analyst identifies business models and component categories expected to emerge as new demand pockets for incumbents and new entrants in the North American automotive aftermarket.
Research Scope
The study geographic scope includes the United States and Canada.
This study identifies five business models and five component categories that aftermarket participants can tap into and provides an in-depth qualitative and quantitative analysis of these new demand pockets.
The research offers insights for stakeholders across the light vehicle aftermarket value chain, including but not limited to:
- (i) Service providers investing or contemplating to invest in battery end-of-life management and battery charging needs fulfilment for personal vehicles and shared mobility fleets
- (ii) Aftermarket component suppliers, distributors, retailers, and end-channel workshops
Research Highlights
- For each business model discussed, apart from the opportunity and revenue estimation, the study touches on resource strategy, channel strategy, partnership strategy, key initiatives, and key cost/revenue drivers and restraints.
- For each component category, besides the regular quantitative insights, such as market size and revenue estimation, the study briefly highlights anticipated failure modes and replacement trends.
Key Issues Addressed
- What is the anticipated overall electrification trajectory of the North American light vehicle population from 2020 to 2030?
- What is the age mix of the North American PHEV/BEV population between 2020 and 2030?
- What are the key impediments to electric vehicle adoption and how do various aftermarket participants address these concerns with their unique business models?
- What are the key growth drivers and restraints for these electrification-led business models?
- Who are the market leaders for each of the business models identified?
- What are other emerging growth opportunities in the PHEV/BEV aftermarket?
- Which are the companies-to-action capitalizing on these nascent growth opportunities and what is the way forward for prospective investors contemplating to enter into similar business lines?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Ample
- SparkCharge