Heavy-Duty Automotive Aftermarket Market Trends and Dynamic Demand by 2030

Heavy-duty Automotive Aftermarket size was valued at USD 131.78 Billion in 2021 and is projected to reach USD 200.86 Billion by 2030, growing at a CAGR of 4.72% from 2023 to 2030.

The secondary market in the automobile industry that focuses mostly on the after-sales of heavy-duty vehicle components is referred to as the heavy-duty automotive aftermarket. The market produces, retrofits, replaces, and distributes, among other things, tyres, lubricants, exhaust components, cosmetic items, and accessories for automobiles. To reduce costs and lengthen vehicle life, a variety of automotive aftermarket heavy-duty goods offer the option of remanufacturing or reinstalling mechanical and electrical components.

Also, the retrofitting and renovation of vintage vehicles contribute to a decrease in carbon emissions through the automotive components they use. Due to these advantages, original equipment manufacturers, DIYs, and DIFMs, among other service channels, frequently use automotive heavy-duty parts.

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Automobile parts and accessories can be made or can be made by an original machine manufacturer (OEM). Original Machine Manufacturer (OEM) replacement parts for automobile parts are repaired or remodeled (or "recycled") to replace OEM parts as they are worn due to normal automobile crashes and cracks, or replacement due to damage. Aftermarket components can be components intended to be a flexible alternative to OEM components, or they can be part of the aftermarket with completely different meanings and can be part of the add-on or be held to replace any existing part.

We have studied the Heavy-duty Automotive Aftermarket Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies.

The market is expanding due to reasons like the rising demand for smart devices in cars and the widespread use of sophisticated driver assistance systems. Also, the government's implementation of strict telematics laws has fueled the market's expansion. Also, the demand for real-time traffic and event notifications is having a favourable impact on market expansion. The cost of implementation and the uneven distribution of internet connectivity, however, are impeding market expansion.

Market Segmentations:

Global Heavy-Duty Automotive Aftermarket Market: Top Key Players
Bridgestone
Michelin
Continental
Goodyear
Bosch
Tenneco
ZF
Denso
3M Company
Delphi

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Heavy-Duty Automotive Aftermarket Breakdown Data by Type
Class 4 to Class 6
Class 7 and Class 8

Heavy-Duty Automotive Aftermarket Breakdown Data by Application
DIY
OE Seller
DIFM

Reasons to Purchase Heavy-Duty Automotive Aftermarket Market Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

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