2023 State of Aftermarket Business in the Industrial Manufacturing Sector
Copperberg and Vendavo Partnership
Learn how the Aftermarket business can contribute to revenue and profit growth
For the last four years, Vendavo has partnered with Copperberg to study the state of Aftermarket business in industrial manufacturing and, since 2019, significant swings in annual revenue and profit contribution from the services business have been reported.
In 2022, manufacturers saw further decline in revenue and profit contribution from their services business. Is it navigating the return to post-pandemic normalcy? Or a missed opportunity? More importantly, what can be done to boost services in 2023 and grow profitability?
Watch the webinar to learn:
The state of the service business unit
Servitization and digital transformation progress
Profitability and pricing models for service
Strategies for coping with current and future challenges
Choose the right technology partner
Key Insights from the Webinar
Pricing management efforts in the aftermarket failed to keep up with profitability levels.
Profit Prophet, Vendavo
Build a margin bridge analysis to show the value of the aftermarket.