According to IMARC Group’s latest report, titled “ Heavy Duty Aftermarket Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, The global heavy-duty automotive aftermarket market reached a value of US$ 120.5 Billion in 2020. Heavy-duty automotive aftermarket refers to the secondary market of the automotive industry that deals with parts and accessories used in commercial vehicles. The market offers distribution, retailing, manufacturing, installation, replacement and remanufacturing services for heavy-duty vehicle components. It also provides automobile body parts, wheels, turbochargers, brake parts, batteries, filters, tires, lighting and electronic components. Heavy-duty automotive aftermarket aids in improving appearance, safety functions, performance of the vehicle and offers a wider range of price and quality.
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The global heavy-duty automotive aftermarket is primarily being driven by the rising consumer awareness toward maintaining and servicing vehicles. Automotive aftermarkets assist in obtaining components that ensure fuel efficiency and improve the life span of the vehicle. Moreover, various technological advancements, such as the integration of Internet-of-Things (IoT) sensors and telematics to get real-time tracking of the life of components, are providing a thrust to the market growth. In line with this, the increasing environmental concerns among the masses are also favoring the market growth. Other factors, including the widespread adoption of remanufactured truck replacement components and the proliferation of e-commerce platforms, are anticipated to positively impact the market growth. Looking forward, IMARC Group expects the market to reach a value of US$ 155.4 Billion by 2026.
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:
- Brake Parts
- Body Parts
- Lighting and Electronic Components
- Exhaust Components
Breakup by Vehicle Type:
- Class 4 to Class 6
- Class 7 and Class 8
Breakup by Service Channel:
- OE Seller
Breakup by Region:
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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