Heavy-duty Automotive Aftermarket Consumption and Revenue Forecast by Regions 2025

Posted on 2021-07-20 by researchinsights in Automotive // 0 Comments

Felton, California , USA, July 20 July 2021 — /EPR Network/ — Global Heavy-duty Automotive Aftermarket study offers detail overview of industry with all the requisite data to support tactical business decisions and come up with strategic growth plans. This study also proposes a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.

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To gain insightful analyses of the market and have a comprehensive understanding of the global Heavy-duty Automotive Aftermarket and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the Heavy-duty Automotive Aftermarket and their impact in the global market.
Learn about the Heavy-duty Automotive Aftermarket strategies that are being adopted by leading respective organizations.
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The global heavy-duty automotive aftermarket size is projected to value at USD 155.8 billion by 2025, according to a new report published by Million Insights, at a CAGR of 4.5% from 2018 to 2025. The growing penetration of outdated and older trucks has led to the increase in demand for replacement parts which further boosts the heavy-duty automotive aftermarket. The other factors like greater wear and tear of vehicles due to regular use, durability of components, and growth in the number of vehicles are expected to contribute to market growth.

Connected trucks have in-built IoT sensors that allow fleet management organizations to obtain timely data on the position of replacement parts in trucks. Therefore, IoT and digitalization have enabled the drivers to obtain information on the condition of the vehicle and appoint preventive maintenance. Eventually, automotive parts can be replaced with a higher volume of data regarding vehicles being available. This is further anticipated to surge the demand for these components in the near future.

Asia Pacific was the leading market in 2017, succeeded by Europe. The rising number of outdated trucks in regions like Europe and North America is predicted to increase the demand for replacement parts due to higher fallout in the value of these vehicles.

South America is expected to account for the highest CAGR during the forecast period due to the increasing sale of trucks in emerging nations like Brazil. The industry is anticipated to grow at a higher rate in countries like Brazil and South Africa due to poor infrastructure of roads which stimulates the requirement for regular maintenance of transportation fleets.

Table of Contents:-

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Heavy-duty Automotive Aftermarket: Market Variables, Trends & Scope

Chapter 4 Heavy-duty Automotive Aftermarket: Product Estimates & Trend Analysis

Chapter 5 Heavy-duty Automotive Aftermarket: Application Estimates & Trend Analysis

Chapter 6 Heavy-duty Automotive Aftermarket: End-use Estimates & Trend Analysis

Chapter 7 Heavy-duty Automotive Aftermarket: Industrial End-use Estimates & Trend Analysis

Chapter 8 Heavy-duty Automotive Aftermarket: Regional Estimates & Trend Analysis

Chapter 9 Competitive Landscape

Chapter 10 Heavy-duty Automotive Aftermarket: Manufacturers Company Profiles

Top Key Players of Heavy-duty Automotive Aftermarket:

3M Company; Continental AG; ATC Technology Corp; Denso Corporation; Dorian Drake International Inc.; Detroit Diesel Corporation; Dorman Products; Instrument Sales & Service, Inc.; Federal-Mogul LLC; UCI International Inc.; and Remy International Inc.

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