PUBLISHER: Frost & Sullivan | PRODUCT CODE: 2026982
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 2026982
The global medium- and heavy-duty commercial vehicle aftermarket is undergoing a structural transition. In 2025, global sales of new medium- and heavy-duty trucks declined by approximately 4.1% compared to 2024, driven by lower new-vehicle sales. This growth trend is expected to persist throughout the first half of 2026.
Despite weaker new truck sales, global vehicles-in-operation (VIO) is forecast to grow by 1.6% in 2026, supported by higher fleet retention and incremental additions to existing fleets. Increased vehicle prices, tighter financing conditions, and freight market volatility are prompting operators to retain vehicles longer, sustaining demand for replacement parts.
Global aftermarket revenues are forecast to increase by approximately 5.2% year-on-year in 2026, supported by extended fleet lifecycles and higher vehicle utilization rates. Asia-Pacific, North America, and Europe are likely to be the major revenue contributors, with Europe projected to be the fastest-growing region. However, counter-tariffs and trade tensions, primarily the US tariffs on imported trucks and parts, are increasing cost pressures, creating supply volatility, and compressing margins across the aftermarket value chain.
This analysis of the global medium- and heavy-duty commercial vehicle aftermarket evaluates major parts categories, regional performance, VIO trends, new truck sales, and distribution channel dynamics. Forecasts are based on several key market parameters, including VIO growth, average miles driven, vehicle age, replacement rates, regulatory developments, and operating environments across different regions.