Global Heavy-Duty Automotive Aftermarket Market Size, Share & Trends Research Report 2024-2032
- The market is expected to exhibit a growth rate (CAGR) of 3.14% during 2024-2032.
- North America leads the market, accounting for the largest heavy-duty automotive aftermarket market share.
- Tires account for the majority of the market share in the replacement parts segment due to their high demand in the heavy-duty automotive aftermarket and frequent replacement.
- Class 7 and class 8 hold the largest share in the heavy-duty automotive aftermarket industry.
- DIFM channel remains a dominant segment in the market, as professional services guarantee high-quality service and minimize vehicle downtime; many fleet operators prefer to rely on them for maintenance and repairs.
- The rising focus on sustainability and environmental regulations, which encourages fleet operators to upgrade to cleaner, more efficient aftermarket components that reduce emissions and comply with stricter environmental standards, is aiding the market demand.
- Furthermore, the growing trend of fleet electrification, leading to an increased demand for specialized aftermarket services and parts designed for electric heavy-duty vehicles as operators transition to greener technologies, is supporting the market growth.
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Industry Trends and Drivers:
- The Growth of the Logistics and Transportation Industry:
The growth of the logistics and transportation industry significantly impacts the heavy-duty automotive aftermarket. As global trade expands and e-commerce continues to rise, the demand for heavy-duty trucks and commercial vehicles has surged. This growth is driven by the need for efficient transportation of goods across long distances, which places heavy-duty vehicles at the forefront of the logistics chain.
Consequently, as the number of heavy-duty vehicles on the road increases, so does the demand for aftermarket parts and services. Fleet operators and transportation companies are focused on maintaining their vehicles to ensure optimal performance and minimize downtime, leading to higher expenditures on replacement parts, accessories, and maintenance services, thus strengthening the market demand.
- The Increasing Age of Heavy-Duty Vehicles:
The increasing age of heavy-duty vehicles is a significant factor driving the aftermarket market. As heavy-duty vehicles age, they require more frequent repairs and replacement parts to maintain their operational efficiency. The average lifespan of these vehicles often exceeds a decade, and as they accumulate mileage, components such as brakes, tires, and engines naturally wear down and need replacement.
Moreover, older vehicles may not benefit from newer technologies that improve efficiency and performance, which encourages fleet operators to invest in quality aftermarket parts to keep their existing fleet operational. Also, the high concentration of aging heavy-duty vehicles, where the need for repairs and replacements becomes a critical focus for fleet management, is bolstering the market growth.
- Advancements in Technology:
Innovations such as telematics, predictive maintenance, and advanced diagnostic tools are transforming how fleet operators manage their vehicles and maintenance schedules. Telematics systems enable real-time monitoring of vehicle performance, providing data that can predict potential failures and optimize maintenance schedules, ultimately reducing the frequency and severity of repairs.
Additionally, the development of high-performance aftermarket components designed to enhance fuel efficiency, emissions control, and overall vehicle performance attracts fleet operators looking to improve their operational costs. The integration of digital platforms for e-commerce and online sales of aftermarket parts further streamlines the purchasing process, making it easier for consumers and businesses to access the parts and services they need.
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Heavy-Duty Automotive Aftermarket Market Report Segmentation:
Breakup By Replacement Parts:
- Tires
- Batteries
- Brake Parts
- Filters
- Body Parts
- Lighting and Electronic Components
- Wheels
- Exhaust Components
- Turbochargers
- Others
Tires account for the majority of shares as they are essential for safety and performance, leading to their frequent replacement and high demand in the heavy-duty automotive aftermarket.
Breakup By Vehicle Type:
- Class 4 to Class 6
- Class 7 and Class 8
Class 7 and class 8 dominate the market due to their widespread use in logistics and transportation.
Breakup By Service Channel:
- DIY
- OE Seller
- DIFM
DIFM channel represents the majority of shares as many fleet operators prefer to rely on professional services for maintenance and repairs, ensuring high-quality service and reducing vehicle downtime.
Breakup By Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
North America holds the leading position due to its extensive logistics network, high demand for heavy-duty vehicles, and established aftermarket services supporting this segment.
Top Heavy-Duty Automotive Aftermarket Market Leaders: The heavy-duty automotive aftermarket market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.
Some of the key players in the market are:
- 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
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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