For several decades now, the automotive market has allowed many companies to indulge in the joys of spare parts. Many resellers also offer individuals and professionals something to repair/optimize their vehicle. However, with the emergence of the electric car, this spare parts market could drop by around 30%. In any case, this is revealed by a recent study published by Roland Berger on behalf of CLEPA.
The spare part, soon ancient history?
Indeed, we already know that by 2035, the electric car market will have exploded, helped by the total ban on the sale of new thermal vehicles. If at present, the electric market represents approximately 10% of the European car fleet, the latter will logically increase over the months.
Also, according to the study conducted by the firm Roland Berger, with their structure no longer including the slightest gearbox, the slightest exhaust, the slightest fuel intake and the slightest combustion engine, electric cars could fundamentally bring down the automotive parts market, with sales down by 30% approximately. By 2040, the turnover of spare parts could thus fall by 13 to 17%, taking into account the “new” activities of the various equipment manufacturers.
Indeed, if certain spare parts will no longer be necessary, it is obvious that the specialized companies will quickly adapt their offer to a whole new demand. Of course, among the key elements to come, we find the battery, whose lifespan is estimated at around ten years, and whose replacement could cost between 5,000 and 15,000€.
Same observation on the side of suspensions and tires, with heavier electric vehicles, and therefore more likely to cause an acceleration of degradation at this level. Ditto on the on-board electronics side… In the years to come, it is obvious that the automotive chain as a whole will have to manage this change, in particular distributors and mechanics, who will review their copy.
It remains to be seen now what impact the electric vehicle market will have on the consumer, and whether maintenance costs will explode in the years to come or not (not to mention the price of refills). It will also be interesting to follow the evolution of the price of electric vehicles, with prices which should (normally) reduce over the years. Suspense…