Europe’s vehicle components industry says fleet purchases will dominate future sales.
Boston Consulting Group and parts makers CLEPA looked at the anticipated after market business by the end of the decade.
Results show that fleet vehicles are capturing a significant and rising share of the European aftermarket. Five countries alone (Germany, France, United Kingdom, Netherlands, and Poland) will account for a fleet aftermarket size of €45 billion in 2030 (~37% of the total aftermarket.
At the same time, fleets are also expected to have a significantly higher electrification rate (48%) with an average vehicle age of 2.9 years by 2030.
Frank Schlehuber, co-author and Senior Consultant Market Affairs at CLEPA states that: “Fleet vehicles are becoming increasingly relevant for the European aftermarket but competence on electric vehicles, especially for passenger cars and light commercial vehicles, will be key in gaining access to its service and maintenance business.”
The report offers a list of four strategic recommendations that aim to help aftermarket players prepare for developments, focusing on the importance of introducing EV-specific and cost-focused solutions, preparing for connectivity as well as ramping up collaboration with other aftermarket players.