Heavy-Duty Automotive Aftermarket Market Report 2022 Growth Strategy, Developing Technologies and Forecast 2027

The latest report by IMARC Group, titled “Heavy-Duty Automotive Aftermarket Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, Offers a comprehensive analysis of the industry, which comprises insights on Heavy-Duty Automotive Aftermarket Market Report

Heavy-Duty Automotive Aftermarket Market Overview:

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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Heavy-Duty Automotive Aftermarket Market Trends:

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.

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Billion
Segment Coverage	Replacement Parts, Vehicle Type, Service Channel, Region

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

Breakup by Replacement Parts:

Tires
Batteries
Brake Parts
Filters
Body Parts
Lighting and Electronic Components
Wheels
Exhaust Components
Turbochargers
Others

Breakup by Vehicle Type:

Class 4 to Class 6
Class 7 and Class 8

Breakup by Service Channel:

DIY
OE Seller
DIFM

Breakup by Region:

Asia Pacific
North America
Europe
Middle East and Africa
Latin America

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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

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.

Sources:

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