Market Analysis and Insights Global Heavy-Duty Automotive Aftermarket Market
The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories.
Due to the COVID-19 pandemic, the global Heavy-Duty Automotive Aftermarket market size is estimated to be worth US$ 123570 million in 2021 and is forecast to a readjusted size of US$ 123570 million by 2028 with a CAGR of 5.3% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Heavy-Duty Automotive Aftermarket global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
Asia Pacific emerged as the leading regional market in terms of revenue in 2019. Rise in number of trucks in developing nations such as China and India is expected to drive demand for aftermarket components over the forecast period. China is the largest consumption region with a share of 33.2% in 2019.
Impact of Covid-19 Outbreak
This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
Segmental Analysis
The report has been segmented into product and application segments. The researchers have documented all the products present today in the Heavy-Duty Automotive Aftermarket market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2017-2028. They have also discussed about the growth rate and potential of each segment for the period 2017-2028.
Heavy-Duty Automotive Aftermarket Breakdown Data by Type
Class 4 to Class 6
Class 7 and Class 8
Heavy-Duty Automotive Aftermarket Breakdown Data by Application
DIY
OE Seller
DIFM
Regional Analysis
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
Competitive Landscape
This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2017-2022. The clients are sure to gain the upper hand once they get hold of this report.
Key players studied in the research report include
Bridgestone
Michelin
Continental
Goodyear
Bosch
Tenneco
ZF
Denso
3M Company
Delphi
Frequently Asked Questions
What factors will challenge the Heavy-Duty Automotive Aftermarket market growth
Which end-use segment will expand at the fastest CAGR in the Heavy-Duty Automotive Aftermarket market
Which are the emerging players in the Heavy-Duty Automotive Aftermarket market
How concentrated is the Heavy-Duty Automotive Aftermarket market
Which factors are positively contributing to the Heavy-Duty Automotive Aftermarket market growth
Which are the novel product innovations in the Heavy-Duty Automotive Aftermarket market
Which product segment will emerge as the most lucrative in the Heavy-Duty Automotive Aftermarket market
Which factors are increasing the competition in the Heavy-Duty Automotive Aftermarket market
Which are the strategic measures taken by the Heavy-Duty Automotive Aftermarket industry players
Which region will witness inactive growth during the forecast period
What key trends are likely to emerge in the Heavy-Duty Automotive Aftermarket market in the coming years ?
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