TecAlliance releases Automotive Report 2017
TecAlliance, the company behind TecDoc has just released this year’s Automotive Report including:
- automotive data for more than 50 countries from seven regions (Europe, Asia, Middle East, Oceania, North America, South America, and Africa)
- sales figures for top 3 brand names (by country) and the most important economic and automotive trends from 2015-2016
- five-year forecasts for cars and light trucks (electric vehicles) and more.
As is the case with previous editions, the 2017 Automotive Report is full of useful automotive facts and market data for each included country – fuel prices, vehicle density, and vehicle age with comparisons to Europe.
The data is particularly relevant for product managers and business planners interested in participating in an increasingly globalised auto parts market.
More on TecDoc
Using TecDoc standards, supplier brands, mechanics and parts sellers can accurately and quickly match parts with vehicles, using both KType (passenger and light commercial) and NType (truck and heavy vehicle) vehicle master lists. Thanks to TecDoc’s efficient “1 system, 1 format” solution, parts searches and delivery are faster and more efficient.
Outside of North America, TecDoc is the prevailing standard. Australia and New Zealand’s close ties with Europe gives TecDoc a local competitive advantage. For example, millions of parts are linked to over 600 global brands, for both imported and Australian-made vehicles that can be easily accessed via TecDoc.
PARts DB is a TecAlliance partner and an official technology solution provider.
Vehicles In Operation (VIO)
Among the 2017 Automotive Report’s facts is the VIO data – the number of registered vehicles in a particular country. VIO is similar to VOR or Vehicle-On-Road data and gives aftermarket parts providers insight into the growth of a particular market – helping planners to deliver better servicing and aftermarket parts needed for a region, a country, or even a city. The combined VIO for Asia, Oceania, and the Middle East, in this year’s report, increased by 44.9 million (13%) – from 355 million in December 2015 to 399.9 million in 2016.
Australia and New Zealand’s combined VIO is now at 21.5 million (against a population of 28.8 million) in the current report vs the 2016 report’s combined VIO of 20.1 million (reported population = 28.4 million).
It is important to note, however, that the Australia VIO forecasts between the 2016 and 2017 Automotive reports look very different:
In the U.S. and Canadian (and, to a certain extent, the Mexico) markets, the combined ACES and PIES data standard is common the leader and has different VIO data.
Evolution of forecast VIO PC + LC market Australia (Automotive Report 2016)
While the 2016 Australian VIO forecasts show a peak in the 2017-2018 period that dips very noticeably by the 2020-2021 period, the 2017 VIO forecasts for Australia show only a slight decline up to the 2020-2021 period. This reflects a change in market expectations, possibly influenced by coming vehicle trends – electric vehicles, for example.
The future is electric
Another thing that Automotive Report 2017 does differently this year, is its highlight on the emerging electric vehicle market. TecAlliance anticipates countries banning or discouraging the use of petrol and diesel-fueled vehicles in the next two decades. Even though China didn’t set a timetable, the biggest Chinese electric vehicle manufacturer, BYD, predicted internal combustion engine vehicles will be totally banned in the country by 2030.
The TecAlliance Automotive Report ends its section on electric vehicles by expecting governments to play a big role:
As prices of hybrid and electric vehicles drop and their driving range on a full charge continues to increase, consumer interest in such vehicles will go up in the following years. Financial incentives, including tax credits, initiated by the government will play a pivotal role in this.
This could mean the beginning of another mining boom in Australia due to increased electric vehicle demand. Major papers recently reported that Western Australia “has become ground zero in the global scramble for lithium”, the major component in electric car batteries. The Brisbane Times reports that “rising Chinese demand for lithium-ion batteries needed for electric vehicles and energy storage is driving significant price gains”.
This development makes Australia’s dominance in lithium production even more significant in the predicted surge in demand for electric vehicles in the coming years. Expect an electrifying change in aftermarket vehicle part trends to go with it.
As the leading TecAlliance and TecDoc solution provider and technology partner, PARts Australia can deliver all the various products and services including VIO (VOR), VIN lookup, vehicle table (VML) subscriptions and brand fitment data for local and global brands.
This will soon include an expanded truck and heavy vehicle NType table for Australia and Asia to complement the existing KType passenger and light commercial VML.