In the first of two articles, Glasgow Research and Consulting’s Vishal Pandey looks at the changing landscape of the global automotive aftermarket.
The aftermarket for automotive parts and services is undergoing rapid change as big brand manufacturers and consumers gear up for smarter and greener mobility options. In the realms of the passenger car segment it is fair to say that newer forms of mobility such as hybrid and fully electric vehicles should no longer be considered emerging forces in the auto industry, and are well on the way to replacing their fossil fuel forebears.
But this process isn’t done yet. And there is much work to still be done within the aftermarket channel if it is to be ready for the technical challenges ahead.
“Changing market dynamics will require aftermarket players to invest in adding new competencies, offer different service profiles and focus on developing sustainable/eco-friendly supply chains,” he says…