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Parts Aftermarket Congress : New sources of profit for IAM
Publié le 04/01/2023
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Fit for 55: What is the after-sales impact of this package of measures that are designed to reduce by 55% the European Union's CO2 emissions by 2030, while maintaining industrial competitiveness? This vast topic began during the last edition of the Italian Parts Aftermarket Congress (DB Information group). The economic consequences are numerous and even fatal for those who have not anticipated this ecological groundswell which is already affecting IAM. The sector still has all its cards to play to achieve a successful conversion, but under certain conditions.
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TRANSITION: In 2030, there will be 355 million vehicles on our roads, 70% of which will be over eight years old, for a turnover (parts and labour) of €282 billion. However, the challenges are numerous because new electric vehicles sales will increase by up to 82% in 2030. Growth in sales of traditional parts will be just 17%. In theory, sales of parts for electric vehicles will skyrocket whether it be batteries, chargers or engine parts. And this will bring a potential windfall estimated at €6 billion by 2040. (Source: Clepa and Roland Berger).
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CHANGE: Parts manufacturers will succeed in their transition to electric provided they expand their product offer with dedicated parts, but also offer tools and services, and training for mechanics. They will have to forge partnerships with mobility players specialising in batteries and commit to remanufactured parts. (Source: Clepa, Roland Berger)
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OPPORTUNITIES: The challenges are the same for garages who will have to become electrical repair specialists, transform their workshops into battery repair centres and so stand out from competitors who may have remained traditional. At the heart of the system, the garage will also be able to establish partnerships with recyclers of electrical parts. (Source: LKQ).
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INDUSTRIAL POLICY: Market conditions for Chinese electric vehicles are more favourable in Europe than those in China for European manufacturers. To rebalance its competitiveness, European industry is calling for the introduction of financial measures, like the Inflation Reduction Act in the United States ($420 billion in subsidies for manufacturers who set up their factories on American soil), as well as the lowering of financial ceilings to broaden the base and help local businesses in their transition.
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