Trasporti
Contactless Delivery of Parts and Services to Trigger a $75-Billion Market Opportunity in the Global Aftermarket Sector by 2025
Photo - https://mma.prnewswire.com/media/1309454/Global_Aftermarket_Performance_post_COVID_19.jpg
http://frost.ly/4i6
"The global automotive aftermarket is at a crossroads and has severely impacted stakeholders at all levels. Supply chain reorientation, financial aid to channel partners and the digitization of traditional business models and services can help mitigate some of the adverse effects of the pandemic," said . "Increased awareness about the significance of social distancing and enhanced personal hygiene is expected to drive service providers to adopt digitization of the aftermarket ecosystem as customers will prefer contactless provision of services at their preferred locations, thus diminishing footfalls at workshops. A whole new segment of is opening up and looks promising well beyond the immediate aftermath of the crisis."
Monga added: "There is ample scope for turning adversity to advantage if appropriate investments are channeled towards the digitization of existing business models. of parts and accessories, the uberization of vehicle services on aggregator platforms, and on-demand services are expected to be bright spots in an otherwise dismal business environment."
The global aftermarket performance is expected to temporarily shrink post-COVID-19. However, to mitigate risks, companies in this sector should take advantage of the growth opportunities by:
is part of Frost & Sullivan's global Automotive and Transportation Growth Partnership Service program.
For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.
K527-18
Zuzana Zukarnain
Corporate Communications
Phone: +60192657808
Email: zuzana.zukarnain@frost.com
http://www.frost.com