According to IMARC Group’s latest report, titled “Heavy-Duty Automotive Aftermarket Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market is expected to exhibit a CAGR of 3.69% during 2022-2027. Heavy-duty automotive aftermarket refers to a secondary market in the automotive sector that caters to the after-sales requirements of heavy-duty vehicles.
It includes equipment and automobile parts, such as tires, lubricants, accessories, batteries, filters, turbochargers, and exterior components. The heavy-duty automotive aftermarket deals with manufacturing, remanufacturing, distributing, redistributing, end-retail, reselling, and installation activities. It also offers retrofitting and refurbishment services to older vehicles to improve their performance and reduce carbon emissions. As a result, heavy-duty automotive aftermarket enhances vehicle life, provides a variety of generic parts, and minimizes expenses.
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Market Trends and Drivers:
The growing consumer inclination towards regular servicing and maintenance of vehicles is driving the growth of the market. In line with this, the increasing demand for remanufacturing of mechanical and electrical components to improve efficiency, minimize the risk of breakdowns, and reduce carbon emissions is favoring the market growth. Additionally, the integration of the Internet of Things (IoT)-based sensors with advanced tracking technologies in heavy-duty vehicles that improve preventive maintenance and minimize downtime are providing an impetus to market growth.
Other factors, including stringent policies by several governments regarding the emission and safety of heavy-duty vehicles, significant growth in the automotive industry, rising expenditure capacities of consumers, and increasing demand for safety features, are anticipated to drive the market toward growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Heavy-Duty Automotive Aftermarket Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
- 3M Company
- Atc Drivetrain, LLC
- Continental Aktiengesellschaft
- DENSO CORPORATION
- Detroit Diesel Corporation
- Dorian Drake International Inc.
- Dorman Products, Inc
- Federal-Mogul Products US LLC
- Instrument Sales and Service, Inc
- UCI International, LLC
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Based On Replacement Parts:
- Brake Parts
- Body Parts
- Lighting and Electronic Components
- Exhaust Components
Based On Vehicle Type:
- Class 4 to Class 6
- Class 7 and Class 8
Based On Service Channel:
- OE Seller
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
Note: We are updating our reports, If you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
TOC for the Report:
• Scope and Methodology
• Executive Summary
• Global Market
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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