Commercial Vehicle Spare Parts Aftermarket Market Report 2026

The commercial vehicle spare parts aftermarket market size has grown strongly in recent years. It will grow from $102.17 billion in 2025 to $107.48 billion in 2026 at a compound annual growth rate (CAGR) of 5.2%. The growth in the historic period can be attributed to expansion of commercial vehicle fleets, increasing vehicle aging rates, growth of logistics and transportation activities, rising demand for maintenance and repair services, availability of standardized spare parts.

The commercial vehicle spare parts aftermarket market size is expected to see steady growth in the next few years. It will grow to $130.08 billion in 2030 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing electrification of commercial vehicles, rising adoption of connected fleet management platforms, expansion of e-commerce driven parts distribution, growing demand for high-performance replacement components, increasing focus on lifecycle cost optimization. Major trends in the forecast period include increasing adoption of predictive maintenance solutions, rising demand for digitally enabled spare parts distribution, growing use of telematics for parts replacement, expansion of online aftermarket sales channels, enhanced focus on fleet uptime optimization.

The increasing electrification of commercial vehicles is expected to drive the growth of the commercial vehicle spare parts aftermarket market in the coming years. Electrification of commercial vehicles refers to the shift from internal combustion engine (ICE) vehicles to those powered by electric batteries or hybrid drivetrains. The adoption of electric commercial vehicles is accelerating due to strict emission regulations and government incentives aimed at promoting sustainable transportation. The commercial vehicle spare parts aftermarket supports this transition by supplying specialized components such as battery systems, electric drivetrains, and regenerative braking parts that are essential for maintaining the performance and reliability of electric fleets. For example, in May 2025, according to the International Energy Agency (IEA), a France-based energy policy organization, global electric truck sales are expected to account for around 10% of total heavy-duty truck sales by 2030, increasing from less than 1% in 2024. Therefore, the rising electrification of commercial vehicles is driving the growth of the commercial vehicle spare parts aftermarket.

Major companies operating in the commercial vehicle spare parts aftermarket are increasingly focusing on developing innovative solutions, such as sensors for driver assistance systems, to enhance vehicle safety, improve real-time monitoring, and reduce accident risks by enabling smarter and more responsive fleet operations. Sensors for driver assistance systems are electronic components that monitor vehicle surroundings and road conditions to support safety functions such as collision avoidance and lane-keeping assistance. For instance, in September 2024, Continental AG, a Germany-based technology company, announced a significant expansion of its aftermarket product portfolio by introducing new product categories, including sensors for driver assistance systems, chassis and steering components, and high-pressure fuel pumps. The expansion also involved adding spare parts for engine management systems, water pumps, and belt drive kits, gradually increasing coverage of the European vehicle fleet. This initiative addresses the technical requirements of an evolving vehicle fleet, particularly the growing presence of electric and driver-assistance-equipped vehicles, by offering original equipment-quality products along with enhanced workshop services such as remote support. The expanded portfolio is designed to provide workshops with high-quality, reliable parts and comprehensive solutions to meet future mobility demands.

In August 2023, Schaeffler India, an India-based supplier of automotive components, industrial solutions, and aftermarket products, acquired Koovers for approximately $17 million. Through this acquisition, the company aimed to reinforce its position in the rapidly expanding digital automotive aftermarket by improving direct access to workshops and strengthening its e-commerce-based spare parts distribution capabilities. Koovers is an India-based B2B automotive aftermarket e-commerce platform that provides a broad range of commercial vehicle spare parts to thousands of independent workshops across the country.

Major companies operating in the commercial vehicle spare parts aftermarket market report include Hyundai Mobis, Robert Bosch GmbH, Daimler AG, Continental, Paccar Inc, SKF Group, IVECO S.p.A., BorgWarner Inc, Aisin Corporation, MANN+HUMMEL GmbH, Knorr-Bremse AG, ZF Friedrichshafen AG, PHINIA Inc, Allison Transmission Holdings Inc, Schaeffler Technologies AG & Co. KG, Donaldson Company Inc., Eaton Corporation plc, Haldex AB, Valeo, Lear Corporation, Tenneco, Magneti Marelli, Dana Incorporated, Man Truck & Bus SE, Denso Corporation, ACDelco, GKN Automotive, Fleetguard, International Motors LLC, and Gates Corporation.

North America was the largest region in the commercial vehicle spare parts aftermarket market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial vehicle spare parts aftermarket market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial vehicle spare parts aftermarket market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The commercial vehicle spare parts aftermarket market consists of revenues earned by entities by providing services such as maintenance and repair, component replacement, diagnostics, vehicle inspection, and technical support for fleet management and performance optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. The commercial vehicle spare parts aftermarket market also includes sales of engine components, brake systems, suspension parts, filters, and transmission systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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