PUBLISHER: Grand View Research | PRODUCT CODE: 1869632
PUBLISHER: Grand View Research | PRODUCT CODE: 1869632
Heavy-duty Automotive Aftermarket Industry Summary
The global heavy-duty automotive aftermarket industry size was valued at USD 149.75 billion in 2024 and is projected to reach USD 204.26 billion by 2033, growing at a CAGR of 3.4% from 2025 to 2033. Rising technological advancements, such as the development of connected and autonomous trucks, advances in diagnostic tools, data analytics, and telematics, have become increasingly important in the market.
Better vehicle monitoring, predictive maintenance, and cost-effective repairs are expected to boost demand over the forecast period. The increasing adoption of electric and hybrid heavy-duty vehicles is creating a new segment in the aftermarket. Electric and hybrid vehicles have different powertrains and components compared to traditional internal combustion engine (ICE) vehicles. This shift in technology creates a demand for a new range of aftermarket products, such as batteries, electric motors, inverters, and charging infrastructure. Moreover, the growth of electric vehicles (EVs) necessitates the development of charging infrastructure, including charging stations, cables, and connectors. The aftermarket plays a role in providing these products and installing charging stations for commercial and fleet customers.
Additionally, digitalization and e-commerce are playing a significant role in driving the growth of the heavy-duty automotive aftermarket. Digitalization has led to the emergence of online marketplaces and e-commerce platforms specializing in heavy-duty automotive parts. Fleet operators, repair shops, and individual vehicle owners can conveniently browse catalogs, compare prices, and order parts online. Moreover, e-commerce platforms provide access to a vast array of aftermarket parts and products from various suppliers and manufacturers. Customers can explore a broader selection of products than they might find at traditional brick-and-mortar stores.
Government incentives, subsidies, and regulations related to vehicle maintenance and emissions control can influence the aftermarket. Programs aimed at reducing pollution or promoting cleaner transportation can drive demand for specific products and services. Furthermore, Startups and technology companies are entering the heavy-duty automotive aftermarket with innovative solutions, such as predictive maintenance platforms and digital marketplace platforms.
Global Heavy-duty Automotive Aftermarket Industry Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global heavy-duty automotive aftermarket industry report based on replacement part, vehicle type, service channel, and region: