Insights into Heavy-Duty Automotive Aftermarket Market Trends: Market Analysis and Key Competitors

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  global heavy-duty automotive aftermarket market is expected to exhibit a growth rate (CAGR) of 3.5% during 2023-2028.

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What is heavy-duty automotive aftermarket?

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).    

What are the growth prospects and trends in the heavy-duty automotive aftermarket industry?

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. 

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Heavy-Duty Automotive Aftermarket Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global 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 (2017-2022)
Market Outlook (2023-2028)
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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Country: United States
Website: https://www.imarcgroup.com

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