Despite accelerating electrification targets, a large and aging ICE vehicle parc will continue to support attractive aftermarket parts and services demand for decades. The transition to electrification is uneven, creating differentiated risks and opportunities across regions, customer segments, and service networks.
This paper examines where ICE aftermarket value persists, how fragmentation enables consolidation and platform building, and why granular micro market strategies are critical to protecting returns and guiding investment decisions during the transition.
