According to IMARC Group’s latest report, titled “Heavy-Duty Automotive Aftermarket Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the study provides a detailed analysis of the industry, including the global heavy-duty automotive aftermarket market share, size, trends, and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the Heavy-Duty Automotive Aftermarket Market?
the global heavy-duty automotive aftermarket market size is expected to exhibit a growth rate (CAGR) of 3.5% during 2023-2028.
Factors Affecting the Growth of the Heavy-Duty Automotive Aftermarket Industry:
- Increase in Vehicle Age and Mileage:
One of the primary drivers of the heavy-duty automotive aftermarket is the increasing age and mileage of heavy-duty vehicles. As these vehicles age, the need for maintenance and repair services grows. This trend is particularly noticeable in regions with large fleets of commercial vehicles, such as trucks and buses, used extensively for transportation and logistics. With businesses aiming to maximize the lifespan and efficiency of their vehicles, there is a corresponding increase in demand for aftermarket parts and services. This demand is further amplified by the tough working conditions under which these vehicles operate, necessitating more frequent repairs and replacements compared to light-duty vehicles.
- Technological Advancements in Heavy-Duty Vehicle Components:
Technological advancements in vehicle components have significantly impacted the heavy-duty automotive aftermarket. Modern heavy-duty vehicles are equipped with advanced electronics, emission control systems, and sophisticated engine components. These advancements, while improving efficiency and performance, also require specialized maintenance and repair services. Additionally, the integration of telematics and predictive maintenance technologies is transforming the aftermarket landscape. These technologies enable more proactive maintenance strategies, reducing downtime and extending vehicle life. Consequently, there is a growing market for high-tech components and skilled technicians capable of handling complex repair and maintenance tasks.
- Regulatory Changes and Environmental Concerns:
Regulatory changes, particularly those related to emissions and safety standards, play a crucial role in shaping the heavy-duty automotive aftermarket. Governments worldwide are implementing stricter emission norms to combat environmental pollution, compelling fleet operators to upgrade or replace parts to comply with these regulations. These regulatory pressures drive the demand for aftermarket products such as exhaust after-treatment devices, fuel-efficient engines, and advanced emission control systems. Furthermore, environmental concerns are encouraging the development of sustainable and eco-friendly aftermarket solutions, including remanufactured and recycled parts, which are gaining traction in the market.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.imarcgroup.com/heavy-duty-automotive-aftermarket-market/requestsample
Heavy-Duty Automotive Aftermarket Market Report Segmentation:
Breakup by Replacement Parts:
- Tires
- Batteries
- Brake Parts
- Filters
- Body Parts
- Lighting and Electronic Components
- Wheels
- Exhaust Components
- Turbochargers
- Others
On the basis of replacement parts, the market has been divided into tires, batteries, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, turbochargers, and others.
Breakup by Vehicle Type:
- Class 4 to Class 6
- Class 7 and Class 8
Based on vehicle type, the market has been divided into class 4 to class 6 and class 7 and class 8.
Breakup by Service Channel:
- DIY
- OE Seller
- DIFM
On the basis of service channels, the market has been divided into DIY, OE Seller, and DIFM.
Breakup by Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
Based on the region, the market has been divided into North America (United States, Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia), Europe (Germany, France, United Kingdom, Italy, Spain, Russia), Latin America, (Brazil, Mexico), and Middle East and Africa
Global Heavy-Duty Automotive Aftermarket Market Trends:
The growing emphasis on sustainability represents one of the key factors driving the growth of the heavy-duty automotive aftermarket market across the globe. This, coupled with the increasing demand for remanufactured and recycled parts due to environmental concerns and regulations, as well as the cost benefits associated with using remanufactured components, is acting as a major growth-inducing factor.
In line with this, technological advancements are profoundly impacting the market. The integration of advanced electronics and telematics in heavy-duty vehicles is driving the need for specialized maintenance services and parts. As vehicles become more sophisticated, there’s a greater demand for skilled technicians capable of servicing complex systems. Thirdly, the rise of e-commerce in the aftermarket sector is notable. Online sales channels are expanding, offering greater convenience and wider product selection for fleet operators and service providers. Apart from this, there’s a trend towards predictive maintenance, enabled by data analytics and IoT technologies, which helps in reducing downtime and extending vehicle life by anticipating maintenance needs before issues arise.
Leading Companies Operating in the Global Heavy-Duty Automotive Aftermarket Industry:
- 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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