Frost & Sullivan, the global Growth Pipeline Company, proudly announces a significant milestone in its commitment to knowledge sharing and industry collaboration through a strategic knowledge partnership with the international Automechanika trade fair brand.
LONDON, Feb. 21, 2024 /PRNewswire/ -- Frost & Sullivan is joining forces with Automechanika, the leading international trade fair for the automotive aftermarket, to enhance their offerings to industry professionals.
This strategic alliance is designed to deliver a continuous flow of valuable content at Automechanika's worldwide trade fairs, covering pivotal areas such as market trends, technology, innovation, and emerging business models, each contributing to transformative growth across the entirety of the automotive value chain.
Digitisation, as a disruptive trend in the aftermarket, finds relevance across all global markets. Frost & Sullivan valued global manufacturer-level replacement parts revenues at $470.9 billion in 2023. While vehicle ageing and average annual mileage will drive aftermarket demand, trends like electrification, vehicle autonomy, and remote diagnostics will boost the outlook further.
Kamal Shah, Associate Partner & Head of DACH Region at Frost & Sullivan: "Our sector analysis underscores the pivotal role of digital advancements in steering the aftermarket towards unprecedented growth. As the industry transforms, businesses are encouraged to embrace innovation."
"This partnership marks a powerful synergy between Frost & Sullivan's expertise in the automotive aftermarket sector and Automechanika's commitment to delivering exceptional trade show experiences. Through our strategic alliance, both parties aim to elevate the industry's knowledge-sharing landscape and provide unparalleled value to participants and exhibitors at each of Automechanika's 13 events around the globe in 2024."
Michael Johannes, Vice President Mobility & Logistics at Messe Frankfurt: "We have been utilising Frost & Sullivan's industry expertise for many years. Now we want to intensify our co-operation in terms of content and use it for the strategic orientation of our brand. We expect the collaboration to provide new and important impetus for the further development of our international Automechanika trade fairs. The knowledge of trends and new industry players in markets worldwide is invaluable for interlinking content throughout our international events. We are excited about the co-operation."
As a Global Knowledge Partner, Frost & Sullivan is excited to actively contribute to the knowledge enrichment at Automechanika's portfolio of international trade fairs spanning four continents, as well as the potential impact this collaboration will have on advancing industry knowledge and fostering innovation within the automotive aftermarket.
Frost & Sullivan is offering members of the Automechanika community a 20% discount on the list price of all Mobility Growth Opportunity Analytics on the company's Online Store.
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Contact:
Kristina Menzefricke
Tel.: +44 (0)20 331 01228
[email protected]
About Messe Frankfurt
Messe Frankfurt is the world's largest trade fair, congress and event organiser with its own exhibition grounds. With more than 2,500* employees at 30 locations, the company generates annual sales of around €715* million. Thanks to its far-reaching ties with the relevant sectors and to its international sales network, the Group looks after the business interests of its customers effectively. A comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).
For more information, please visit our website at: www.messefrankfurt.com
* Preliminary figures for 2018
Contact:
Dr. Ann-Katrin Klusak
Tel.: +49 69 75 75-5621
[email protected]
SOURCE Frost & Sullivan
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