Heavy Duty Automotive Aftermarket Market Share, Growth, Industry Segmentation, Analysis, Key Insights, Segments And Forecast 2029


Posted October 11, 2023 by Bharatikhade96

The Heavy-Duty Automotive Aftermarket Market valued at $72.75 billion in 2023 & is expected to grow to $ 105.38 billion by 2029, representing a compound annual growth rate (CAGR) of 5.2% during the forecast period.

 
Heavy Duty Automotive Aftermarket Market Overview:

This report provides a comprehensive overview of the Heavy Duty Automotive Aftermarket Market, including in-depth market segmentation based on connection type, end-use, and geographical regions. Additionally, it offers essential insights into the market positions of major Heavy Duty Automotive Aftermarket companies, highlighting notable industry trends and future prospects.

Heavy Duty Automotive Aftermarket Market Scope:

The research conducted for this report focuses on leading players in the global Heavy Duty Automotive Aftermarket market, offering detailed company profiles that include product images, specifications, production capacity, pricing, costs, revenue figures, and contact information.

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Heavy Duty Automotive Aftermarket Market Dynamics:

The dynamics of the heavy-duty automotive aftermarket market are influenced by a number of important elements, all of which are highly relevant to the sector's expansion and profitability.

Drivers of the Heavy Duty Automotive Aftermarket

The age of heavy-duty trucks on the road is one of the most significant factors. The demand for aftermarket goods and services is being driven by the fact that as these cars get older, they need more regular maintenance and replacement parts. The growing number of heavy-duty vehicles on the road is also contributing to an increase in the need for replacement parts. As a result of car owners wanting to maintain the functionality of their vehicles, the aftermarket market is expanding.

Heavy Duty Automotive Aftermarket Market Segmentation:

by Type

1. engine and engine parts
2. transmission and drivetrain parts
3. suspension and braking parts
4. electrical and electronic parts
5. body and interior parts
6. others


by Vehicle Type

1. trucks
2. buses
3. trailers
4. others


by Sales Channel

1. original equipment supplier (OES)
2. independent aftermarket (IAM)
by Component 1. batteries
2. brake parts
3. filters
4. exhaust systems
5.lighting and electrical components
6. Turbochargers
7. others


by End-User

1. fleet operators
2. repair and maintenance service providers
3. individual vehicle owners


by Service Provider

1. authorized service centers
2. independent service centers
3.others


by Vehicle Age

1. less than 5 years old
2. 5-10 years old
3. More than 10 years old


by Material

1. Metal
2. Plastic
3. others


by Technology

1. Mechanical
2. Electronic
3. Hybrid

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Heavy Duty Automotive Aftermarket Market Key Players: the key players are

1. Advance Auto Parts (USA)
2. O'Reilly Auto Parts (USA)
3. AutoZone (USA)
4. Genuine Parts Company (USA)
5. Canadian Tire (Canada)
6. Robert Bosch GmbH (Germany)
7. Continental AG (Germany)
8. Denso Corporation (Japan)
9. Magna International Inc. (Canada)
10. Valeo SA (France)
11. China Automotive Systems Inc. (China)
12. Aisin Seiki Co., Ltd. (Japan)
13. Hitachi Automotive Systems Ltd. (Japan)
14. ZF Friedrichshafen AG (Germany)
15. Knorr-Bremse AG (Germany)
16. AutoZone (Mexico)
17. Robert Bosch GmbH (Brazil)
18. DENSO Corporation (Mexico)
19. Hella GmbH & Co. KGaA (Mexico)
20. Continental AG (Brazil)
21. Bridgestone Corporation (Japan)
22. Valeo SA (France)
23. Continental AG (Germany)
24. Magneti Marelli S.p.A. (Italy)
25. Denso Corporation (Japan)

Heavy Duty Automotive Aftermarket Market Regional Analysis:

The report conducts a comprehensive PESTLE analysis for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. This analysis takes into account political, economic, social, and technical factors affecting the Heavy Duty Automotive Aftermarket market in each region.

COVID-19 Impact Analysis on Heavy Duty Automotive Aftermarket Market:

Customer behaviour has changed as a result of the COVID-19 epidemic in all areas of society. Industries, on the other hand, will need to revise their strategy to account for changing market supply. This report provides an overview of the COVID-19's influence on the Heavy Duty Automotive Aftermarket market and will assist you in developing your business in accordance with the new industry standards.

Key Questions answered in the Heavy Duty Automotive Aftermarket Market Report are:

The Heavy Duty Automotive Aftermarket Market Report addresses critical questions including:

Which product segment dominated the Heavy Duty Automotive Aftermarket market in 2022?
What does the competitive landscape of the Heavy Duty Automotive Aftermarket market look like?
What are the key factors driving growth in the Heavy Duty Automotive Aftermarket market?
Which region holds the largest market share in the Heavy Duty Automotive Aftermarket market?
What is the projected CAGR of the Heavy Duty Automotive Aftermarket market for the forecast period (2023-2029)?
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Issued By Bharati khade
Country United States
Categories Science , Technology , Telecom
Tags heavy duty automotive aftermarket market share , heavy duty automotive aftermarket market trends , heavy duty automotive aftermarket market overview , heavy duty automotive aftermarket market forecast
Last Updated October 11, 2023