European PHEV/BEV Aftermarket Growth Opportunities

Battery Lifecycle Management and Charging Space to Spur Transformational Growth of Aftermarket Business Models

2020 turned out to be the much-anticipated inflection point for PHEV/BEV adoption in Europe. Car buyers here clearly warmed up to the concept of electric mobility in the wake of the COVID-19 pandemic. In 2020, new electric car registrations in Europe doubled year-over-year to reach the 10% retail market share milestone even as the overall car market in Europe registered a degrowth of 22%. Such is the popularity of this ecofriendly alternative to the traditional ICE vehicles that it is widely believed that the sales of the latter may already have peaked in Europe. Extensive research by the publisher has led it to think that this slow-but-sure mainstreaming of electric mobility will be accompanied by the emergence of new growth opportunities in the battery lifecycle management and vehicle charging space. With the right strategic approach, traditional aftermarket participants can seek to leverage these nascent growth opportunities through new business models that will help them gain a foothold in the evolving battery and charging value chains.

RESEARCH SCOPE

In terms of geography, the study separately discusses the erstwhile EU-5 markets of France, Germany, Italy, Spain, and the UK. The study also discusses the other major markets in a separate cluster designated as “Rest of Europe.”

The research discusses four key growth opportunities that hold the highest growth potential for prospective participants seeking early-mover advantage in these lucrative segments.
It discusses both qualitatively and quantitatively the key aspects of each growth opportunity and offers recommendations to prospective market entrants on how to play in these rapidly evolving segments.
The study also outlines the replacement component demand for 5 xEV-specific spare parts that F&S has identified through discussions with industry veterans.

RESEARCH HIGHLIGHTS

The study aims to offer insights to stakeholders across the European light vehicle aftermarket value chain including, but not limited to:

Service providers active or contemplating investments in the space of battery end-of-life management and replenishment need-fulfillment for personal vehicles and shared mobility fleets.
Aftermarket component suppliers, distributors, retailers and end-channel workshops.

KEY ISSUES ADDRESSED

• What is the anticipated overall electrification trajectory of the European light vehicle population from 2020 to 2030?
• What is the expected age mix of the European PHEV/BEV population between 2020 and 2030?
• What are the key impediments to electric vehicle adoption and how are various businesses addressing these concerns resulting in new aftermarket growth opportunities?
• What are the key growth drivers and restraints for these electrification-led growth opportunities?
• Which companies are the early movers in each of the growth opportunities discussed?
• What are the other long-term growth opportunities in the PHEV/BEV aftermarket?
• Which companies are capitalizing on these nascent growth opportunities and what is the way forward for prospective investors contemplating an entry into similar lines of business?