Helping you understand how BEVs will affect the European aftermarket
WESP Automotive Business Intelligence presents its comprehensive EV Aftermarket Trend Report, an essential analysis for stakeholders navigating the rapidly evolving electric vehicle aftermarket sector across Europe. This detailed market intelligence report, priced at €1,000, provides actionable insights derived from real invoice-level data spanning nine European countries and over 100,000 BEV vehicles. The report can be conveniently ordered via invoice, with VAT options available for seamless business transactions.
Key Takeaways
- The impact of electrification on total aftermarket revenue will be limited, but a major product mix shift will impact margins significantly and impact individual companies hard.
- In 2035, the European retail aftermarket revenue will grow to €154 million, despite BEVs slowing down revenue growth by 3.8%.
- The total margin will go down by just below 10% from 38.4% to 34.5%, but new independent aftermarket (IAM) entrants for electric car parts will most likely have a dampening effect on margin erosion.
- The majority of European passenger cars will still be ICE or hybrid-powered in 2035, so abandoning traditional product lines is unadvisable, but process optimization will probably be necessary.
- BEVs offer new product possibilities, but fast investment is necessary to capture a market position while the market is still being established.
Electric Vehicle Market Momentum Continues Current market data shows European BEV registrations achieving 14% market share in 2024, with significant country variations ranging from Norway’s 88% BEV share to emerging markets showing rapid adoption increases. This growth trajectory, supported by stricter CO2 regulations taking effect in 2025, validates our report’s projections for accelerated electrification impact on aftermarket operations.
Key Features of the Report
This report aims to provide a fact-based analysis on the impact of electrification on the European passenger car retail aftermarket. The key focus areas include:
- Projecting the future size and composition of the European passenger car fleet, including the growth of battery-electric vehicles (BEVs).
- Analysing the current size and structure of the European passenger car retail aftermarket.
- Assessing the potential impact of electrification on aftermarket revenue and profit margins.
- Identifying the key challenges and opportunities for the retail aftermarket as the passenger car fleet becomes increasingly electrified.
- Revenue mapped in the product groups Key parts, Labour, Oil &Lubricants, and other parts
This report offers a comprehensive analysis of the future of the European passenger car retail aftermarket in 2035. The report draws from WESP’s extensive database of over 50 million invoices from 3,000 connected workshops across Netherlands, Belgium, Germany, France, Italy, UK, Spain, Luxembourg, and Poland, providing unparalleled market visibility.
Who Needs This Report?
This report is essential reading for:
- Aftermarket parts manufacturers
- Car workshop owners and managers
- Automotive industry strategists
- Investors in the EV sector
The transition period requires careful strategic planning. Medium-sized aftermarket companies face particular vulnerability due to margin pressures, necessary capital investment, and skilled technician requirements.
Buy the European Aftermarket EV Impact Report
What's Included
WESP’s EV Aftermarket Trend Report represents the most comprehensive analysis available of electrification’s impact on European aftermarket revenue and profitability. Based on actual workshop transaction data rather than theoretical projections, this report delivers the actionable insights necessary for strategic planning in the electric vehicle era.
- Full PDF report (88 pages)
- Executive summary
- Detailed market analysis
- Future trend predictions
- Actionable recommendations
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