Heavy-Duty Automotive Aftermarket Market Size, Business Opportunity and Future Demand 2023-2028

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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The robust automotive aftermarket industry constitutes a secondary market that encompasses activities related to the reconditioning, manufacturing, retailing, distribution, and installation of various components, equipment, chemicals, and accessories for vehicles. This sector also encompasses the replacement and distribution of auto-related items like vehicle equipment, exhaust parts, appearance-enhancing products, tires, lubricants, and accessories. Additionally, it provides refurbishment and retrofitting services aimed at enhancing the performance of older vehicles while reducing their carbon footprint. The heavy-duty automotive aftermarket sector offers a wide range of generic parts, contributing to the longevity of vehicles and cost savings. Consequently, heavy-duty automotive components find extensive utilization across diverse service channels, including defense industrial financial management systems (DIFMs), original equipment vendors, and do-it-yourself (DIY) enthusiasts.

Heavy-Duty Automotive Aftermarket Market Trends:

The market is experiencing significant growth due to several key factors. One of these factors is the increasing awareness among consumers regarding the importance of regular vehicle maintenance and servicing. Additionally, the easy availability of heavy-duty vehicle components on e-commerce platforms has played a pivotal role in driving market expansion. Another contributing factor is the growing number of strategic collaborations between automobile manufacturers, coupled with the integration of Internet-of-Things (IoT)-based sensors and advanced technologies into heavy-duty vehicles.

Furthermore, the market is benefiting from the implementation of strict emissions regulations by governments in various nations, which is fostering a positive outlook. Alongside these factors, rapid digitalization, the commercialization of autonomous trucks, and the introduction of innovative services such as mobility and telematic services are also making significant contributions to 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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