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Global Medium and Heavy-duty Commercial Vehicle Aftermarket Outlook 2024
Moderate Global GDP Growth will Affect Truck Usage Leading to a 4.3% Part Revenue Growth Opportunity
03-May-2024
Global
Market Outlook
KA38-01-00-00-00
AU_2024_705
$4,950.00
Special Price $3,712.50 save 25 %
This Frost & Sullivan's analysis of the 2024 global medium and heavy-duty (MD and HD) commercial vehicle aftermarket examines and forecasts for the 2023–2027 period, highlighting several types of parts in the aftermarket and its growth opportunities.
This outlook features global coverage with a specific focus and analytics for North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. Frost & Sullivan determines key trends and growth opportunities impacting the 2024 global MD and HD truck aftermarket.
Frost & Sullivan calculates market forecasts based on several factors, including average miles driven, vehicles in operation (VIO), new truck sales, average vehicle age, replacement rates, and the operating environment of each specific region. Each geographic segment features an analysis of aftermarket parts size, VIO, new truck sales, revenues, and distribution channel breakdown.
The regional analysis examines the operating environment, with parameters such as the average vehicle age and truck brand market share. The main challenges that stakeholders face, inflation and supply chain disruptions, are past their peak and will likely improve into H2 of 2024. However, H1 global GDP will grow modestly by 1.9% while H2 should improve, with 2.8% growth as economic conditions improve. Developed economies in North America and Europe will lag in 2024 with an expected 1% growth. In turn, developing economies in Latin America and APAC will grow by 3.8%, helping drive the global economy and aftermarket spend in 2024.
Author: Wallace Lau
The Global Medium and Heavy-duty Commercial Vehicle Aftermarket in 2023: Actuals and Forecast
Top Predictions for 2024
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global MD and HD Commercial Vehicle Aftermarket
Scope of Analysis
Segmentation
Geographic Scope
Research Aims and Objectives
Key Questions This Study Will Answer
Data Sources
Research Process
Top 10 Trends for 2024
Top 10 Growth Opportunities
Global GDP Growth
Inflation and Interest Rates
Currency Trajectory
Oil Markets
Labor Market
Critical Minerals Supplies
North America
Western Europe
Middle East
Asia
Replacement Revenue Forecast for Parts and Accessories
2023 in Numbers
2023 in Trends
2024 in Numbers
2024 in Trends
Global Commercial VIO
Global Aftermarket Revenue Market Size Potential
Average Vehicle Age: Key Countries
Average Vehicle Miles Traveled
Top 10 Trends Driving the Global Commercial Vehicle Aftermarket
Relevance of Top 10 Trends by Region
Trend 1: M&A and Partnership Growth
Trend 2: Addressing Labor Shortages through Technician Programs
Trend 3: Enhanced Customer Journey
Trend 4: Unified Platforms for Aftermarket Ecosystem Integration to Optimize Vehicle Service and Repair
Trend 5: Expansion in Remanufactured Product Lines and Offerings
OEM Activity in 2023
OEM Activity in 2023 (continued)
Supplier Activity in 2023
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook: Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel and Gross Margin Analysis
MD and HD Commercial Vehicle Aftermarket Opportunity Areas
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook: Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel and Gross Margin Analysis
MD and HD Commercial Vehicle Aftermarket Opportunity Areas
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook: Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel and Gross Margin Analysis
MD and HD Commercial Vehicle Aftermarket Opportunity Areas
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook: Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel and Gross Margin Analysis
MD and HD Commercial Vehicle Aftermarket Opportunity Areas
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook: Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel and Gross Margin Analysis
MD and HD Commercial Vehicle Aftermarket Opportunity Areas
Key Conclusions and Future Outlook
Growth Opportunity 1: Service Ecosystems
Growth Opportunity 1: Service Ecosystems (continued)
Growth Opportunity 2: Circular Economy Expansion
Growth Opportunity 2: Circular Economy Expansion (continued)
Growth Opportunity 3: Nearshoring and Domestic Parts
Growth Opportunity 3: Nearshoring and Domestic Parts (continued)
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
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| Deliverable Type | Market Outlook |
|---|---|
| Author | Wallace Lau |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Commercial Truck Market |
| Keyword 2 | Truck Market Europe |
| Keyword 3 | Heavy Duty Truck Market |
| Podcast | No |
| WIP Number | KA38-01-00-00-00 |