Heavy-Duty Automotive Aftermarket

Heavy-Duty Automotive Aftermarket

Global Heavy-Duty Automotive Aftermarket Market to Reach US$219.6 Billion by 2030

The global market for Heavy-Duty Automotive Aftermarket estimated at US$144.1 Billion in the year 2023, is expected to reach US$219.6 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2023-2030. 4 to 6 Class, one of the segments analyzed in the report, is expected to record a 6.6% CAGR and reach US$151.6 Billion by the end of the analysis period. Growth in the 7 & 8 Class segment is estimated at 5.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$37.7 Billion While China is Forecast to Grow at 9.5% CAGR

The Heavy-Duty Automotive Aftermarket market in the U.S. is estimated at US$37.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$51.6 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.6% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.

Global Heavy-Duty Automotive Aftermarket Market - Key Trends and Drivers Summarized

Why Is the Heavy-Duty Automotive Aftermarket Key for Vehicle Longevity?

The heavy-duty automotive aftermarket is a critical sector that supports the ongoing maintenance, repair, and replacement of parts for heavy-duty vehicles such as trucks, buses, and commercial fleet vehicles. As these vehicles are typically subject to intense usage and wear, the aftermarket provides essential parts and services to ensure their operational efficiency and longevity. Components such as brakes, transmissions, engines, and lighting systems are frequently replaced or upgraded in the aftermarket to maintain vehicle performance. As the global logistics and transportation industries grow, driven by e-commerce and infrastructure development, the need for reliable aftermarket services and parts has significantly increased.

How Are Technological Advancements Driving the Heavy-Duty Automotive Aftermarket?

Technology is playing a transformative role in the heavy-duty automotive aftermarket, particularly through advancements in digital diagnostics, telematics, and automation. Telematics systems enable real-time monitoring of vehicle health, allowing fleet managers to predict maintenance needs and prevent breakdowns. Digital diagnostics tools have improved the accuracy and speed of identifying issues, reducing repair times and increasing vehicle uptime. Additionally, automation and robotics in parts manufacturing have led to higher quality, more durable replacement parts that enhance the performance of heavy-duty vehicles. The rise of e-commerce has also shifted the aftermarket landscape, with more consumers and businesses purchasing parts online, driving demand for fast, reliable distribution networks.

How Do Segments and Applications Define the Heavy-Duty Automotive Aftermarket?

Product types include replacement parts such as brakes, engines, and lighting, with engine parts commanding the largest market share due to their critical role in vehicle performance. Service types range from general maintenance to component-specific repairs, with preventive maintenance services gaining prominence as fleet operators seek to reduce operational costs. Distribution channels are divided between OEMs and independent aftermarket providers, with independent providers seeing increased demand due to competitive pricing and availability. Additionally, the rise of online retail platforms for aftermarket parts is reshaping traditional distribution models.

What Factors Are Driving the Growth in the Heavy-Duty Automotive Aftermarket?

The growth in the heavy-duty automotive aftermarket is driven by several factors, including the increasing vehicle miles traveled (VMT), the growing emphasis on preventive maintenance, and advancements in vehicle diagnostics. The rise of e-commerce and just-in-time delivery has resulted in heavier usage of commercial fleets, necessitating more frequent repairs and part replacements. Additionally, as fleet operators focus on maximizing vehicle uptime and minimizing costs, the demand for high-quality aftermarket parts and services has grown. The adoption of digital diagnostic tools and telematics is also fueling the shift toward proactive maintenance, further driving demand for aftermarket services. Furthermore, environmental regulations requiring compliance with emission standards are prompting fleet operators to replace aging parts with more efficient components.

Select Competitors (Total 42 Featured) -

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

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