According to IMARC Group’s latest report, titled “Heavy-Duty Automotive Aftermarket Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market is expected to exhibit a CAGR of 3.69% during 2022-2027.
Heavy-Duty Automotive Aftermarket Industry Overview:
Heavy-duty automotive aftermarket refers to a secondary market in the automotive sector that caters to the after-sales requirements of heavy-duty vehicles. It includes equipment and automobile parts, such as tires, lubricants, accessories, batteries, filters, turbochargers, and exterior components. The heavy-duty automotive aftermarket deals with manufacturing, remanufacturing, distributing, redistributing, end-retail, reselling, and installation activities. It also offers retrofitting and refurbishment services to older vehicles to improve their performance and reduce carbon emissions. As a result, heavy-duty automotive aftermarket enhances vehicle life, provides a variety of generic parts, and minimizes expenses.
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Heavy-Duty Automotive Aftermarket Market Trends:
The growing consumer inclination towards regular servicing and maintenance of vehicles is driving the growth of the market. In line with this, the increasing demand for remanufacturing of mechanical and electrical components to improve efficiency, minimize the risk of breakdowns, and reduce carbon emissions is favoring the market growth. Additionally, the integration of the Internet of Things (IoT)-based sensors with advanced tracking technologies in heavy-duty vehicles that improve preventive maintenance and minimize downtime are providing an impetus to market growth. Other factors, including stringent policies by several governments regarding the emission and safety of heavy-duty vehicles, significant growth in the automotive industry, rising expenditure capacities of consumers, and increasing demand for safety features, are anticipated to drive the market toward growth.
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:
- Tires
- Batteries
- Brake Parts
- Filters
- Body Parts
- Lighting and Electronic Components
- Wheels
- Exhaust Components
- Turbochargers
- Others
Breakup by Vehicle Type:
- Class 4 to Class 6
- Class 7 and Class 8
Breakup by Service Channel:
- DIY
- OE Seller
- DIFM
Breakup by Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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The global heavy-duty automotive aftermarket market reached a value of US$ 120.5 Billion in 2020.
The study offers a scrutiny of all regional factors and key global trends that have impacted the growth dynamic during the historical period.
The sizing of the key segments and regional markets are offered in both in relation to value (US$Mn/Bn) and volume (n units) during the forecast period 2018–2027.
The study by Fact.MR offers an uncluttered overview of prevailing opportunities in various regions, promising avenues in key segments, and competitive landscape.The study provides insights into major opportunities, prevailing competitive dynamics, and key government regulations that will be crucial to the expansion of key regional markets.
Request for Sample Report with statistical info @ https://www.factmr.com/connectus/sample?flag=S_id=2535The unpredictable COVID-19 pandemic has dug a hole in the profits of various sectors around the world.
It has caused an economic earthquake and has brought unprecedented losses.
To paint the colors of growth on the COVID-19 affected business canvas, Fact.MR brings a thorough and detailed report on the Heavy Duty Trucks market through near-perfect visualization and deep information extraction.
