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Global Medium- and Heavy-duty Commercial Vehicle Aftermarket Outlook, 2023
Parts Spending to Increase in 2023 Led by Growth Opportunities in Asia-Pacific
28-Jun-2023
Global
Market Outlook
$4,950.00
Special Price $4,455.00 save 10 %
Frost & Sullivan’s research service assesses the size of the global medium- and heavy-duty (MD and HD) truck parts and services aftermarket and its growth opportunities from 2022 to 2027. This global study highlights major Class 4–8 truck aftermarket trends with specific regional analysis into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa. Market forecasts are derived from the miles driven, usage patterns, replacement rate, new truck sales, and total vehicles in operation (VIOs). Each region covers a breakdown of the aftermarket by unit shipment, parts spend, revenue, and distribution channel. The analysis also looks at each region's competitive environment and market opportunities. 2023 is forecast to be another challenging year globally for the MD and HD truck aftermarket industry due to persistent inflation pressures, supply chain disruptions, and geopolitical issues. North America and Europe are expected to face slowing to negative GDP growth in 2023, likely dampening aftermarket spending compared to 2021 and 2022. China is projected to lead growth in the Asia-Pacific as its economy reopens from the pandemic-induced shutdown in 2022. Market participants such as OEMs and fleets are expected to invest in digital solutions that provide real-time data and transparency on operations to boost efficiency. Industry players will rely on these digital solutions to mitigate risks and lower overall costs.
Author: Wallace Lau
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Global Medium- and Heavy-duty Commercial Vehicle Aftermarket
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of Analysis
Segmentation
Geographic Scope
Research Aims and Objectives
Key Questions this Study will Answer
Data Sources
Research Process
Top 5 Global Economic Highlights of 2022
Top 5 Global Economic Highlights of 2023
Global GDP Growth Expectations
Recessionary/Slowdown Expectations for Major Economies
Global GDP Growth Snapshot
Advanced Economy Predictions for 2023
Emerging Market Economy Predictions for 2023
2023 Regional Risks and Policy Direction
2023 Top Growth Opportunities by Region
2022 Global Commercial Vehicle Aftermarket—Actuals vs Forecast
Replacement Revenue Forecast for Parts and Accessories
2022 in Numbers
2022 in Trends
2023 in Numbers
2023 in Trends
Global Commercial Vehicles in Operation
Global Aftermarket Revenue Market Size
Average Vehicle Age—Key Regions
Average Vehicle Miles Traveled—Key Regions
Trends Driving the Global Commercial Vehicle Aftermarket
Relevance of Trends by Regions
Relevance of Trends by Regions (continued)
Trend 1—Next Generation of Truck Servicing
Trend 2—Circular Economy and Sustainability
Trend 3—Investment Increase in Fleet Data and Software
Trend 4—Growth in Last Mile and Short Haul
Trend 5—Digitization of Parts Purchasing and Servicing
OEM Activity in 2022
OEM Activity in 2022 (continued)
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel and Gross Margin Analysis
Medium- and Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel and Gross Margin Analysis
Medium- and Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type
VIO Ownership Patterns
VIO Model Mix
Distribution Channel and Gross Margin Analysis
Medium- and Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel and Gross Margin Analysis
Medium- and Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook—Revenue by Parts Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel and Gross Margin Analysis
Medium- and Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
Growth Opportunity 1—Digitization of Parts and Services
Growth Opportunity 1—Digitization of Parts and Services (continued)
Growth Opportunity 2—Fleet Data and Connectivity
Growth Opportunity 2—Fleet Data and Connectivity (continued)
Growth Opportunity 3—Remanufacturing
Growth Opportunity 3—Remanufacturing (continued)
Key Conclusions and Future Outlook
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Market Outlook |
|---|---|
| Author | Wallace Lau |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Commercial Vehicle Aftermarket |
| Keyword 2 | heavy duty truck equipment |
| Keyword 3 | heavy commercial trucks |
| Podcast | No |
| WIP Number | K8D1-01-00-00-00 |