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North American Class 1-3 Vehicles Engine Replacement Growth Opportunities

  • Report
  • 80 Pages
  • July 2022
  • Region: North America
  • Frost & Sullivan
  • ID: 5645215

Growth Strategies Focusing on Supply Chain Optimization and Electrification will be Vital for Suppliers

This research service analyzes key trends in the engine replacement aftermarket for vehicles in classes 1, 2, and 3 (Class 1-3 vehicles) in North America, providing forecasts for the market size between 2022 and 2028. The engine replacement segments covered are new, used, rebuilt, and remanufactured products. Market forecasts are derived from the miles driven, usage patterns, replacement rates, technology & market trends, new vehicle sales, and total vehicles in operation (VIO). The study also provides a breakdown of the engine replacement aftermarket by unit shipment, revenue, distribution channel, and price. The analysis includes an overview of the competitive environment, including supplier profiles and the market shares of the top participants.

The North American class 1-3 vehicles engine replacement aftermarket is mature, with well-established participants that have built strong relationships across all distribution channels. The engine replacement aftermarket is a relatively low-volume space as engines are built to last for many years and require infrequent replacements. Engine technology is improving consistently in terms of reliability and durability, extending engine life. Newer models are fitted with advanced, cleaner engines that ultimately extend the replacement rates for fleets. The study considers all such contexts and scenarios and concludes by identifying the key growth opportunities in this space for market participants to leverage. The base year is 2021, and the study period is 2018 to 2028.

Table of Contents

1. Strategic Imperatives
  • Why is it Increasingly Difficult to Grow?
  • The Strategic Imperative 8™
  • Impact of the Top 3 Strategic Imperatives On Engine Replacement for Vehicles in Classes 1, 2, and 3 (Class 1-3 Vehicles)
  • Growth Opportunities Fuel the Growth Pipeline Engine™
2. Growth Environment
  • Key Takeaways
  • Key Growth Metrics for Class 1-3 Vehicles Engine Replacement Aftermarket
  • Unit Shipment and Revenue Forecast Analysis
3. Research Scope
  • Research Scope - Class 1-3 Vehicle Engine Replacement Aftermarket
  • Key Questions This study will answer
  • Vehicle and Technology Segmentation
  • Engine Replacement Market Structure
  • Segmentation and Definitions
  • Market Definitions
4. Demand Analysis
  • Class 1-3 EVs Unit Sales Forecast
  • Class 1-3 EVs in Operation Forecast
  • Total Annual Vehicle Miles Traveled - Forecast
  • Growth Drivers
  • Growth Restraints
  • Case Impact on Engine Replacement Aftermarket - 2028
5. Class 1-3 Vehicles Total Engine Replacement Aftermarket
  • Total Engine Replacement Aftermarket
  • Total Engine Replacement Aftermarket Revenue
  • Overall Pricing Analysis
6. Class 1-3 Vehicles Remanufactured Engine Aftermarket
  • Remanufactured Unit Shipment and Revenue Forecast Analysis
  • Remanufactured Engine Average Pricing Analysis forecast
  • Distribution Analysis by Engine Replacement Type and Channel Type
  • Remanufactured Engine Market Share
7. Class 1-3 Vehicles Rebuilt Engine Aftermarket
  • Rebuilt Engine Unit Shipment and Revenue Forecast Analysis
  • Average Pricing Analysis Forecast
  • Distribution Analysis by Engine Replacement Type and Channel Type
8. Class 1-3 Vehicles Used Engine Aftermarket
  • Used Engine unit shipment and Revenue Forecast Analysis
  • Average Pricing Analysis forecast
  • Distribution Analysis by Engine Replacement Type and Channel Type
9. Class 1-3 Vehicles New Engine Aftermarket
  • New Engine unit shipment and Revenue Forecast Analysis
  • Average Pricing Analysis forecast
  • Distribution Analysis by Engine Replacement Type and Channel Type
10. Competitive Environment
  • Competitive Environment
  • Engine Competitor benchmark
  • Remanufactured Engine Brand Analysis - Retailers and Warehouse Distributors (WDs)
11. The Last Word
  • Supplier Profile - ATK North America
  • Supplier Profile - AER Manufacturing, LP
  • Supplier Profile - SRC Holdings Corporation
  • Supplier Profile - Reviva Inc.
  • Supplier Profile - Jasper Engine and Transmission
  • Supplier Profile - ETE Reman
  • Supplier Profile - Dahmer Powertrain
  • Supplier Profile - LKQ Corporation
  • Supplier Profile - ATC DriveTrain
12. Growth Opportunities
  • Growth Opportunity 1 - Electric Powertrain
  • Growth Opportunity 2 - Telematics
  • Growth Opportunity 3 - Customer-Focused Service Solutions
13. The Last Word
  • The Last Word - 3 Big Predictions
14. Next Steps
  • Your Next Steps
  • List of Exhibits

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ATK North America
  • AER Manufacturing, LP
  • ATC DriveTrain
  • Dahmer Powertrain
  • ETE Reman
  • Jasper Engine and Transmission
  • LKQ Corporation
  • Reviva Inc.
  • SRC Holdings Corporation