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Top 10 Trends in the North American Medium- and Heavy-duty Commercial Vehicle Aftermarket

  • ID: 3758253
  • Report
  • May 2016
  • Region: North America, United States
  • 61 Pages
  • Frost & Sullivan
Connected Trucks and Legislation Will Play a Key Role in Creating a $33 Billion Market by 2022


This strategic market Insight covers the Top 10 market trends of the Class 4-8 medium-and heavy-duty commercial vehicles in North America (the United States and Canada). The key macro trends covered in this study include ageing truck population, technician shortage outpacing demand, and right to repair-CSA creating opportunities.

Key maintenance trends include sustained remanufacturing growth, strong performance of OEM private labels, total cost of ownership top of mind among fleets, and opportunities in after treatment products. Key technology trends include truck parts eCommerce emerging, connected trucks improving maintenance, and leveraging Big Data. Additionally, the study provides insight into the implications of these trends on the aftermarket.

Key Findings

Total Medium- and Heavy-duty CV Aftermarket: Key Takeaways, North America, 2012-2022

- An ageing truck population, increasing average miles, and a recurring maintenance cycle will bring in consistent revenue to the aftermarket. Annual revenue from select aftermarket parts is expected to grow from $X billion in 2015 to $X billion in 2022, at a CAGR of X%.

- The after treatment and exhaust-related component replacement aftermarket is expected to emerge as the highest growth segment for the aftermarket as revenues will likely rise from $X billion in 2015 to $X billion in 2022, at a CAGR of X%.

- Stricter emission laws and penalties on violations will likely bring in a steady stream of revenue to the aftermarket. About X% of all CSA violations in 2015 were replacement tires and brake-related issues, which will likely be the potential high revenue product segments for the aftermarket.

- eCommerce sales account for to X% of do-it-yourself (DIY) sales in the aftermarket. Truck parts commerce is expected to have a high impact on the aftermarket as new entrants will use the inventory and network solutions of eRetailers. Connected trucks will influence the aftermarket to have a dynamic inventory and distribution system for a quick and immediate response.

- With X%, OES will likely dominate the distribution channels as proprietary information will not likely be made easily available to the aftermarket. Dealerships have the ability to invest in improving technician skills and repair infrastructures. Heavy-duty truck specialists are better positioned to grow at the expense of the OES channel.
Note: Product cover images may vary from those shown


1.Executive Summary
  • Key Findings
  • Market Size by Parts Category
  • Top 10 Trends in the CV Aftermarket
  • Impact of Top Trends on Aftermarket Participants
  • Connected Trucks Open Opportunities in Predictive Maintenance
  • Application of Big Data in Maintenance Cost Optimization
  • Key Findings and Future Outlook
2.Research Scope, Objectives, Background, and Methodology
  • Research Aims and Objectives
  • Key Questions This Study Will Answer
3.Definitions and Segmentation
  • Market Definitions
  • Vehicle Segmentation
4.Market Overview
  • Total US Truck Market Share by Retail Sales-2015
  • VIO by Class
  • Average Annual Miles Traveled
  • Market Size by Parts Category
  • Medium- and Heavy-duty CV Parts Revenue by Distribution Channel
5.Top 10 Trends

6.Macro Trends
  • Ageing Truck Population
  • Technician Shortage Outpacing Demand
  • Right to Repair-CSA Creating Opportunities
  • CSA Creating Opportunities
7.Maintenance/Product Trends
  • Sustained Remanufacturing Growth
  • Remanufactured Powertrain Components Aftermarket
  • Remanufactured Powertrain Components-Business Models
  • Strong Performance of OEM Private Labels
  • OES Case Study-Alliance Truck Parts
  • TCO Top of Mind Issue for Fleets
  • Opportunities in After treatment Products
  • Impact of After treatment Services by Product Type
  • After treatment Components Aftermarket Revenue Potential
8.Technology Trends
  • Connected Trucks Improving Maintenance
  • Connected Trucks Open Opportunities in Predictive Maintenance
  • TCO Restructuring through Big Data and Analytics
  • Application of Big Data in Maintenance Cost Optimization
  • Possible Average Annual Savings for OEMs and Fleets
  • Truck Parts eCommerce Emerging
  • Truck Parts eCommerce Portals-An Emerging Channel
9.Conclusions and Future Outlook
  • The Last Word-3 Big Predictions
  • Legal Disclaimer
Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown