Press release
Heavy-duty Automotive Aftermarket Market Size ( CAGR 3.69% ), Top Companies, Data, Outlook, Market Leader, Statistics and Analysis Till 2027
The heavy-duty automotive aftermarket is a secondary market that deals with the remanufacturing, manufacturing, retailing, distribution, and installation of all vehicle parts, equipment, chemicals, and accessories. It also includes the replacement and distribution of automobile equipment, exhaust components, appearance products, tires, lubricants, and accessories. It offers refurbishment and retrofitting services to older vehicles to improve their performance and reduce carbon emissions. The heavy-duty automotive aftermarket provides a variety of generic parts and helps enhance vehicle life and minimize expenses. Consequently, automotive heavy-duty parts are extensively used across several service channels, such as defense industrial financial management systems (DIFMs), original equipment sellers, and do-it-yourself (DIYs).
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Heavy-Duty Automotive Aftermarket Market Trends:
The increasing consumer understanding of regular vehicle maintenance and servicing and the easy availability of heavy-duty vehicle components on e-commerce platforms are primary factors significantly boosting the market growth. The rising strategic collaborations between automobile manufacturers and the integration of Internet-of-Things (IoT)-based sensors with advanced technologies in heavy-duty vehicles are acting as other growth-inducing factors. Additionally, governments of various nations are implementing stringent laws to limit emissions by heavy-duty vehicles, which, in turn, is creating a positive outlook for the market. Besides this, rapid digitalization, commercialization of autonomous trucks, and the introduction of several innovative services, such as mobility and telematic services, are positively contributing to the market growth.
Heavy-Duty Automotive Aftermarket Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the heavy-duty automotive aftermarket market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• 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
Key Market Segmentation:
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.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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