From advancements in digital technologies to the rise of sustainability-driven innovation, aftermarket stakeholders are confronting a business landscape experiencing significant evolution:
- Innovations across connected, autonomous, shared, and electric (CASE) mobility are forcing ecosystem players to constantly update their inventories.
- Sustainability considerations mean even the aftermarket ecosystem needs to minimize component wastage and leverage eco-friendly materials.
In this changing world, CEOs and other industry leaders are now seeking answers to the question: How can we grow rapidly amid this aftermarket transformation?
Frost & Sullivan’s latest suite of growth analyses not only addresses this pertinent question, but offers in-depth perspectives, growth opportunities, and strategic imperatives across five aftermarket segments:
- Engine Management Sensors Aftermarket in North America
- Steering and Suspension Components Aftermarket in North America
- Wheel Hub and Bearings Aftermarket in North America
- Battery Thermal Management Aftermarket in Europe
- Lubricants Aftermarket in Europe
Read on to explore the disruptive technologies, growth opportunities, and transformative megatrends reshaping these lucrative domains, illustrating how stakeholders can maximize their competitive success.
You can also directly engage with our experts in a Growth Workshop!
Strategic Imperative 1: Advancing Magnetic Levitation in Steering and Suspension Systems
North America’s steering and suspension components aftermarket will soon capably support next-generation magnetic levitation (maglev) technologies. New strategic partnerships are already taking place, focusing on integrating AI and IoT with components to revolutionize vehicle dynamics.
Want in-depth perspectives?
Understand how maglev and AI are converging in vehicle dynamics to create new growth opportunities.
Growth Opportunity Spotlight:
- R&D for Magnetic Levitation Technology: Joint research initiatives aimed at developing advanced maglev-related components.
Company to Action:
- Thyssenkrupp: The German engineering company is developing state-of-the-art maglev systems to enable high-speed transportation, such as maglev trains.
Strategic Imperative 2: Leveraging 3D Printing in Wheel Hub and Bearings Manufacturing
The North American wheel hub and bearings aftermarket’s recent endeavors to incorporate 3D printing technology have proved successful. Players are harnessing the technology to produce components on-demand, thus reducing lead times, minimizing waste, and enabling greater customization.
Want in-depth perspectives?
Explore how additive manufacturing is changing production economics to present new incentives for growth.
- Cost Reduction through Inventory Management: Ecosystem players can identify, model, and produce inventory only as needed due to the flexibility and versatility of 3D printing technology.
Company to Action:
- 3D Systems: The company is a pioneer in offering comprehensive 3D printing services for rapid prototyping and production.
Strategic Imperative 3: Embracing 5G Integration in Engine Management Sensors
The North American engine management sensors aftermarket is poised for significant growth through the integration of 5G technology. This advancement is catalyzing new sensors able to extract real-time data analytics, enhance predictive maintenance, and maximize operational efficiency.
Want in-depth perspectives?
Learn how advanced sensor technologies are shaping the future of engine management.
Growth Opportunity Spotlight:
- Smart Vehicle Integration: Developing vehicles with integrated sensors and 5G connectivity to support autonomous driving and real-time diagnostics.
Company to Action:
- Ford Motor Company: The American automotive giant is leveraging 5G technology towards vehicle connectivity and smarter in-vehicle features.
Are you prepared to compete in an ecosystem where real-time data and predictive insights drive every decision?
In Europe, the battery thermal management aftermarket is playing a key role in optimizing EV driving experiences: by integrating IoT devices with EV battery management systems. This integration enhances real-time monitoring and improves battery performance and safety.
Want in-depth perspectives?
Learn how IoT is driving next-generation battery thermal innovations.
Growth Opportunity Spotlight:
- Enhanced Collaborative Innovation Platforms: Developing platforms for real-time collaboration among cross-functional teams.
Company to Action:
- Saft: The battery player has found success via leveraging cross-functional teams to enhance R&D efforts in advanced battery solutions.
Strategic Imperative 5: Expanding Direct-to-Consumer Channels in the Lubricants Market
The European lubricants aftermarket is witnessing customer preferences shift to direct-to-consumer platforms, incentivizing them to focus on e-commerce. This transformation can enhance customer engagement and allows for personalized lubricant solutions.
Want in-depth perspectives?
Explore how consumer behavior is reshaping the lubricants domain and other best practices.
Growth Opportunity Spotlight:
- Personalized Lubricant Solutions: Offering tailored lubricant products based on data analytics and customer feedback.
Company to Action:
- TotalEnergies: The multi-energy industry leader’s focus on building its online presence has not only brought it closer to its consumers, but helped enhance its sustainability focus.
What’s Next for Industry Leaders Like You?
The automotive aftermarket’s transformation isn’t happening in isolation. Each segment—whether it’s sensor connectivity, maglev systems, 3D printing, IoT-enabled batteries, or D2C lubricants—represents a piece of a larger puzzle. Together, they illustrate an industry moving toward greater efficiency, customer-centricity, and sustainability.
Frost & Sullivan’s in-depth growth analyses provide a holistic view of this evolving landscape, offering actionable insights and strategic guidance for businesses navigating this transformation.
You can also directly engage with our experts in an exclusive Growth Workshop.
