PUBLISHER: Grand View Research | PRODUCT CODE: 1363488
PUBLISHER: Grand View Research | PRODUCT CODE: 1363488
Heavy-duty Automotive Aftermarket Industry Size, Share & Trends Analysis Report By Replacement Part, By Vehicle Type, By Service Channel, By Region, And Segment Forecast, 2023 - 2030
Heavy-Duty Automotive Aftermarket Industry Growth & Trends
The global heavy-duty automotive aftermarket industry size is anticipated to reach USD 186.39 billion by 2030, registering a CAGR of 3.79% from 2023 to 2030, according to a new report by Grand View Research, Inc.. Heavy-duty vehicles are used extensively and directly in capital-intensive projects. Increasing requirements for new infrastructure have enhanced demand for such construction vehicles. Growing demand for heavy-duty vehicles is anticipated to increase aftermarket demand as these vehicles frequently need pricey parts for maintenance and repair. Vehicle aging is anticipated to support aftermarket demand globally. Infrastructure development activities are directly tied to market growth. The number of vehicles, the longevity of the components, how often the vehicle is used, and the age of the vehicle are the main determinants of the demand for heavy-duty replacement parts.
The aftermarket includes a vast array of products and parts such as engines, transmissions, brakes, suspensions, exhaust systems, and tires. These components are sold to fleet operators, independent repair shops, and individual owners for maintenance and replacement purposes. Service providers in the market offer repair and maintenance services to keep these vehicles in good working condition. This includes services like engine overhauls, transmission repairs, brake inspections, and routine maintenance.
The past decade has seen major consolidation throughout the heavy-duty market, thus creating mega-fleets, mega distributors, mega dealers, and an increasing number of trucks. Computerized management systems, offshore sourcing, and sales, as well as advancements in communication technology and increased durability, have also contributed to the heavy-duty aftermarket industry's growth. Outsourced service providers are expected to continue dominating the aftermarket for heavy-duty vehicles. However, the increased complexity of repair procedures and diagnosis of new heavy-duty trucks is causing some outsourced service providers to gain market share.
Industry consolidation has seen large automotive groups bringing together brands to spread the R&D costs associated with new model development and gain economies of scale. This helps the producers to explore product development opportunities to increase profitability and become more efficient. The industry has witnessed the addition of an array of global products. However, differences in quality, technical specifications, and cost make it difficult to develop and design a vehicle that suits the demand of the heavy-duty aftermarket industry. The alignment of manufacturing on a global scale is expected to help overcome technical barriers.
The aftermarket for heavy-duty automotive is a global industry, with companies operating on a regional and international scale. Different regions may have specific market dynamics influenced by factors like vehicle demand, regulatory standards, and economic conditions. For example, in the United States and Canada, the heavy-duty truck market is significant, with a substantial number of trucks and commercial vehicles on the road. This drives a robust aftermarket for parts and services. The adoption of electric and hybrid heavy-duty vehicles is rising in the U.S., leading to increased demand for electric vehicle (EV) components and charging infrastructure.
Heavy-duty Automotive Aftermarket Industry Report Highlights:
- Based on replacement parts, the other segment held the largest revenue share of over 47.4% in 2022.The increase in the aging population of trucks in various regions such as North America and Europe is expected to fuel the growth of replacement parts, owing to the increased wear and tear with the age of the trucks
- Based on vehicle type, the class 7 to class 8 segment held a dominant revenue share of 64.3% in 2022. There is a higher demand for class 7 and 8 aftermarket products in nations such as South Africa, and Brazil, where road infrastructure is in its developing stage and transportation fleets require frequent maintenance
- Based on vehicle type, the DiFM segment dominated with a revenue share of 69.4% in 2022.Modern heavy-duty vehicles are becoming increasingly complex, with advanced technologies, emissions control systems, and telematics. This complexity drives demand for professional DiFM services as DIY maintenance becomes more challenging.
- The Asia Pacific region led with the largest revenue share of 41.2% in 2022. The region is a significant market for heavy-duty vehicles, particularly, in countries like China and India. In countries like China, where environmental concerns are increasing, there is a growing interest in emissions control technologies which results in the growth of the market
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Methodology
- 1.5 Research Scope And Assumptions
- 1.6 List Of Data Sources
- 1.6.1 Secondary Sources
- 1.6.2 Primary Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2 Industry Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market Driver Impact Analysis
- 3.3.1.1 Improvements In Technology, Such As Connected Trucks And Hybrid Trucks
- 3.3.1.2 Growth In Fleet Management Services And Number Of Heavy-duty Vehicles
- 3.3.1.3 Rising Penetration Of E - Commerce And Online Services In Automotive Aftersales Services
- 3.3.2 Market Restraint Impact Analysis
- 3.3.2.1 Need for skilled technicians
- 3.3.3 Industry Challenges
- 3.3.4 Industry Opportunities
- 3.3.1 Market Driver Impact Analysis
- 3.4 Impact Of The COVID - 19 Pandemic
- 3.5 Industry Analysis Tools
- 3.5.1 Porter's Analysis
- 3.5.2 Macroeconomic Analysis
Chapter 4 Heavy-duty Automotive Aftermarket Industry: Replacement Part Estimates and Trend Analysis
- 4.1 Heavy-duty Automotive Aftermarket Industry: Replacement Part Movement Analysis
- 4.2 TIRE
- 4.2.1 Tire market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3 Battery
- 4.3.1 Battery Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.4 Brake Parts
- 4.4.1 Brake Parts Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.5 Filters
- 4.5.1 Filters Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.6 Body Parts
- 4.6.1 Body Parts Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.7 Lighting & Electronic Components
- 4.7.1 Lighting & Electronic Components Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.8 Wheels
- 4.8.1 Wheels Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.9 Turbochargers
- 4.9.1 Turbochargers Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 4.10 Others
- 4.10.1 Others market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5 Heavy-duty Automotive Aftermarket Industry: Vehicle Type Estimates and Trend Analysis
- 5.1 Heavy-duty Automotive Aftermarket Industry: Vehicle Type Movement Analysis
- 5.2 Class 4 To Class 6
- 5.2.1 Class 4 To Class 6 Market Estimates And Forecasts, 2017 - 2030 (USD Million)
- 5.3 Class 7 & Class 8
- 5.3.1 Class 7 To Class 8 Market Estimates And Forecasts, 2017 - 2030 (USD Million)
Chapter 6 Heavy-duty Automotive Aftermarket Industry: Service Channel Estimates And Trend Analysis
- 6.1 Heavy-duty Automotive Aftermarket Industry: Service Channel Movement Analysis
- 6.2 Do It Yourself (DIY)
- 6.2.1 Do It Yourself (DIY) market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3 Original Equipment (OE)
- 6.3.1 Original Equipment (OE) market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4 Do It For ME (DIFM)
- 6.4.1 Do It For Me (DIFM) market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7 Heavy-duty Automotive Aftermarket Industry: Regional Estimates & Trend Analysis
- 7.1. Heavy-duty Automotive Aftermarket Industry Market Share, By Region, 2022 & 2030, USD Million
- 7.2. North America
- 7.2.1 North America Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1 U.S. Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.3. Germany
- 7.3.3.1 Germany Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. France Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1Asia Pacific Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.2. China
- 7.4.2.1. China Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. India Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.4.5. Thailand
- 7.4.5.1Thailand Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5. South America
- 7.5.1South America Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Heavy-duty Automotive Aftermarket Industry Market Estimates and Forecasts, 2017 - 2030 (USD Million)
Chapter 8 Competitive Landscape
- 8.1 3M Company
- 8.1.1 Company Overview
- 8.1.2 Financial Performance
- 8.1.3 Product Benchmarking
- 8.1.4 Recent Developments
- 8.2 ATC Technology Corp
- 8.2.1 Company Overview
- 8.2.2 Product Benchmarking
- 8.3 Continental AG
- 8.3.1 Company Overview
- 8.3.2 Financial Performance
- 8.3.3 Product Benchmarking
- 8.3.4 Recent Developments
- 8.4 Denso Corporation
- 8.4.1 Company Overview
- 8.4.2 Financial Performance
- 8.4.3 Product Benchmarking
- 8.4.4 Recent Developments
- 8.5 Detroit Diesel Corporation
- 8.5.1 Company Overview
- 8.5.2 Financial Performance (Daimler Ag)
- 8.5.3 Product Benchmarking
- 8.5.4 Recent Developments
- 8.6 Dorian Drake International Inc
- 8.6.1 Company Overview
- 8.6.2 Product Benchmarking
- 8.6.3 Recent Developments
- 8.7 Dorman Products
- 8.7.1 Company Overview
- 8.7.2 Financial Performance
- 8.7.3 Product Benchmarking
- 8.7.4 Recent Developments
- 8.8 Federal - Mogul LLC
- 8.8.1 Company Overview
- 8.8.2 Financial Performance
- 8.8.3 Product Benchmarking
- 8.8.4 Recent Developments
- 8.9 Instrument Sales & Service, Inc.
- 8.9.1 Company Overview
- 8.9.2 Product Benchmarking
- 8.10 Remy International Inc.
- 8.10.1 Company Overview
- 8.10.2 Financial Performance
- 8.10.4 Product Benchmarking
- 8.11 UCI International Inc.
- 8.11.1 Company Overview
- 8.11.2 Product Benchmarking
List of Tables
- Table 1 Global Heavy-duty Automotive Aftermarket Industry by Replacement Part, 2017 - 2030 (USD Million)
- Table 2 Global Heavy-duty Automotive Aftermarket Industry by Vehicle Type, 2017 - 2030 (USD Million)
- Table 3 Global Heavy-duty Automotive Aftermarket Industry by Service Channel, 2017 - 2030 (USD Million)
- Table 4 Global Heavy-duty Automotive Aftermarket Industry by Region, 2017 - 2030 (USD Million)
- Table 5 North America Heavy-duty Automotive Aftermarket Industry by country, 2017 - 2030 (USD Million)
- Table 6 Europe Heavy-duty Automotive Aftermarket Industry by country, 2017 - 2030 (USD Million)
- Table 7 Asia Pacific Heavy-duty Automotive Aftermarket Industry by country, 2017 - 2030 (USD Million)
- Table 8 South America Heavy-duty Automotive Aftermarket Industry by type, 2017 - 2030 (USD Million)
- Table 9 MEA Heavy-duty Automotive Aftermarket Industry by country, 2017 - 2030 (USD Million)
- Table 10 Key companies launching new products/services
- Table 11 Key companies engaged in mergers & acquisition
- Table 12 Key companies engaged in Research & development
- Table 13 Key Companies engaged in expansion
List of Figures
- Fig. 1 Heavy-duty Automotive Aftermarket Industry segmentation
- Fig. 2 Market research process
- Fig. 3 Information procurement
- Fig. 4 Primary research pattern
- Fig. 5 Market research approaches
- Fig. 6 Market formulation & validation
- Fig. 7 Heavy-duty Automotive Aftermarket Industry snapshot
- Fig. 8 Heavy-duty Automotive Aftermarket Industry segment snapshot
- Fig. 9 Heavy-duty Automotive Aftermarket Industry competitive landscape snapshot
- Fig. 10 Heavy-duty Automotive Aftermarket Industry - Industry Value Chain Analysis
- Fig. 11 Market driver relevance analysis (Current & future impact)
- Fig. 12 Market restraint relevance analysis (Current & future impact)
- Fig. 13 PORTER's Analysis
- Fig. 14 PESTEL Analysis
- Fig. 15 Heavy-duty Automotive Aftermarket Industry: Replacement parts outlook key takeaways (USD Million)
- Fig. 16 Heavy-duty Automotive Aftermarket Industry: Replacement parts movement analysis (USD Million), 2022 & 2030
- Fig. 17 Tire market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 18 Battery market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 19 Brake parts market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 20 Filters market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 21 Body parts market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 22 Lighting & Electronic components market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 23 Wheels market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 24 Exhaust components market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 25 Turbochargers market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 26 Heavy-duty Automotive Aftermarket Industry: Vehicle type outlook key takeaways (USD Million)
- Fig. 27 Heavy-duty Automotive Aftermarket Industry: Vehicle type movement analysis (USD Million), 2022 & 2030
- Fig. 28 Class 4 to Class 6 market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 29 Class 7 to Class 8 market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 30 Heavy-duty Automotive Aftermarket Industry: Service Channel outlook key takeaways (USD Million)
- Fig. 31 Heavy-duty Automotive Aftermarket Industry: Service Channel movement analysis (USD Million), 2022 & 2030
- Fig. 32 DIY market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 33 OE market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 34 DIFM market revenue estimates and forecasts, 2017 - 2030 (USD Million)
- Fig. 35 Regional marketplace: Key takeaways
- Fig. 36 Heavy-duty Automotive Aftermarket Industry: Regional outlook, 2022 & 2030, USD Million
- Fig. 37 North America Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 38 U.S. Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 39 Canada Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 40 Mexico Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 41 Europe Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 42 UK Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 43 Germany Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 44 France Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 45 Asia Pacific Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 46 Japan Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 47 China Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 48 India Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 49 South America Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 50 Brazil Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 51 MEA Heavy-duty Automotive Aftermarket Industry estimates and forecasts, 2018 - 2030 (USD Million)
- Fig. 52 Strategy framework
- Fig. 53 Company Categorization
