North American Commercial Vehicles Aftermarket Overview, 2018

North American Commercial Vehicles Aftermarket Overview, 2018

Aftermarket Parts Replacement Revenue is Expected to Reach $28.98 Billion by 2025

RELEASE DATE
26-Dec-2018
REGION
North America
Research Code: K2B5-01-00-00-00
SKU: AU01757-NA-MR_22703
$4,950.00
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Description

The goals of the study are to analyze the North American medium and heavy duty (Class 4–8) commercial vehicles (CV) aftermarket and to project this market’s future outlook and the opportunities it offers to different participants in the value chain.

The study discusses the impact of various factors based on economic, legislative, operational, technological, and aftersales trends on the CV aftermarket industry. It also examines how these factors influence the below elements.
•     Aftermarket dynamics, such as freight demand and new revenue stream opportunities
•     Aftermarket related factors, such as new vehicle sales, average age of vehicle, and vehicle miles traveled
•     Consumer behavior, such as preference towards value label and remanufactured parts

The impact of the above elements on each other and on various stakeholders of the aftermarket such as OES players, IAM suppliers, distribution channel participants, fleet operators, garages, and third-party service providers are also discussed.

This study also covers major disruptions in this market and discusses the implications on the aftermarket participants, which are as listed below.
•     OES (Original Equipment Supplier) participants are targeting to eat into the market share of the IAM (Independent Aftermarket) channel, through their private label parts for all make and model vehicles
•     Connected ecosystem – stakeholders across the value chain are partnering with TSP (Telematics Service Providers)
•     Electric and Autonomous vehicles – All major OEMs have vehicles under trials and are expected to account for a significant share of sales by the end of forecast period
•     Right to repair – Enables IAM players to have access to technical details and repair procedures, which were earlier restricted to the respective OEMs (Original Equipment Manufacturers)

The study additionally discusses what drives the connected ecosystem and digitization related trends such as prognostics, in-vehicle sales and service scheduling, adoption of technology by service chains, and telematics solutions.

Research Scope

  • To research, analyze, and predict key strategies for all aftermarket stakeholders in the CV aftersales market
  • To understand the impact of key factors and their respective sub-factors on CV aftersales business opportunities
  • To present key trends impacting the trucking industry and how they affect the aftermarket
  • To understand the shift in OEMs’ approach towards aftersales and services
  • To assess the current and expected future changes in the CV aftersales market with respect all stakeholders

Key Issues Addressed

  • What are the major factors affecting the CV aftermarket and what is their impact?
  • How are the stakeholders adapting to the changing dynamics and what are the opportunities available?
  • Which are the replacement parts that would experience growth or decline?
  • What are the emerging trends in parts sales and vehicle servicing?
  • Will the CV aftermarket have a significant impact with the introduction of electric and autonomous vehicles?

Author: Vasanth Raj

Table of Contents

Executive Summary—Key Findings

Executive Summary—Key Trends

Opportunities for Major Parts

Factors Affecting CV Industry

Current & Future Outlook

Research Scope

Research Aims and Objectives

Research Background

Research Methodology

Vehicle Segmentation

VIO by Class

Average Annual Vehicle Miles Traveled (VMT) by Class

Market Size by Revenue for Major Replacement Parts

Revenue Share by Distribution Channel

Factors Affecting CV Industry

Impact Level on Various Stakeholders Based on Factors

Overview of Economic Factors

GDP—Impact on CV Aftermarket

GDP—Aftermarket Implication

Fuel Price—Aftermarket Implication

IPI—Impact on CV Aftermarket

IPI—Aftermarket Implication

Economic Factors—Impact on Various Stakeholders

Overview of Legislative Factors

ELD Mandate

ELD—Aftermarket Implication

Right to Repair—Current Scenario

Right to Repair—Aftermarket Implication

CSA Violations

CSA Violations—Aftermarket Implication

Legislative Factors—Impact on Various Stakeholders

Overview of Operational Factors

Truck Tonnage Index (TTI)

TTI—Aftermarket Implication

Aging Truck Population Impact on Replacement Parts

Aging Truck Population—Aftermarket Implication

Shortage of Skillsets (Drivers and Diesel Engine Specialists)

Shortage of Skillset—Aftermarket Implication

Operational Factors—Impact on Various Stakeholders

Overview of Technological Factors

Connected Trucks

OEMs and Suppliers Focus on Multiple TSPs

Connected Trucks—Aftermarket Implication

Electric Trucks

Electric Trucks—Aftermarket Implication

Autonomous Trucks

Platooning

Autonomous Trucks—Aftermarket Implication

Blockchain

Technological Factors—Impact on Various Stakeholders

Overview of Aftersales Factors

Overview of Remanufacturing Industry

List of Manufacturers Offering Reman Parts

Reman Parts—Aftermarket Implication

OEMs’ Focus on IAM / Private Labels

Private Labels—Aftermarket Implication

eCommerce

eCommerce—Aftermarket Implication

Aftersales Factors—Impact on Various Stakeholders

Growth Opportunity

Strategic Imperatives for Success and Growth

Daimler Trucks North America LLC (DTNA)

Business Strategy and Growth Opportunity (DTNA)

Navistar

Business Strategy and Growth Opportunity (Navistar)

PACCAR

Business Strategy and Growth Opportunity (PACCAR)

Cummins

Business Strategy and Growth Opportunity (Cummins)

Meritor

Business Strategy and Growth Opportunity (Meritor)

Allison Transmission

Business Strategy and Growth Opportunity (Allison Transmission)

Dana

Business Strategy and Growth Opportunity (Dana)

Key Conclusions and Future Outlook

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Exhibits

List of Figures
  • 1. Commercial Vehicle Aftermarket: Key Findings, North America, 2018-2025
  • 2. Commercial Vehicle Aftermarket: Key Trends, North America, 2018-2025
  • 3. Commercial Vehicle Aftermarket: Opportunities for Major Parts, North America, 2018-2025
  • 4. Commercial Vehicle Aftermarket: Current & Future Outlook, North America, 2018-2025
  • 5. Commercial Vehicle Aftermarket: Market Definitions, North America, 2018-2025
  • 6. Commercial Vehicle Aftermarket: Vehicle Segmentation, North America, 2018
  • 7. Commercial Vehicle Aftermarket: Market Size by Revenue for Major Replacement Parts, North America, 2018-2025
  • 8. Commercial Vehicle Aftermarket: Impact Level on Aftermarket Stakeholders, North America, 2018-2025
  • 9. Commercial Vehicle Aftermarket: Overview of Economic Factors, North America, 2018-2025
  • 10. Commercial Vehicle Aftermarket: Overview of Economic Factors, North America, 2018-2025
  • 11. Commercial Vehicle Aftermarket: Fuel Price – Aftermarket Implication, North America, 2018-2025
  • 12. Commercial Vehicle Aftermarket: IPI – Aftermarket Implication, North America, 2018-2025
  • 13. Commercial Vehicle Aftermarket: Economic Factors – Impact on Various Stakeholders, North America, 2018-2025
  • 14. Commercial Vehicle Aftermarket: Overview of Legislative Factors, North America, 2018-2025
  • 15. Commercial Vehicle Aftermarket: ELD Mandate, North America, 2018-2025
  • 16. Commercial Vehicle Aftermarket: ELD – Aftermarket Implication, North America, 2018-2025
  • 17. Commercial Vehicle Aftermarket: Right to Repair – Aftermarket Implication, North America, 2018-2025
  • 18. Commercial Vehicle Aftermarket: CSA Violations, North America, 2018-2025
  • 19. Commercial Vehicle Aftermarket: CSA Violations – Aftermarket Implication, North America, 2018-2025
  • 20. Commercial Vehicle Aftermarket: Legislative Factors – Impact on Various Stakeholders, North America, 2018-2025
  • 21. Commercial Vehicle Aftermarket: Overview of Operational Factors, North America, 2018-2025
  • 22. Commercial Vehicle Aftermarket: TTI – Aftermarket Implication, North America, 2018-2025
  • 23. Commercial Vehicle Aftermarket: Aging Truck Population Impact on Replacement Parts, North America, 2018 and 2025
  • 24. Commercial Vehicle Aftermarket: Aging Truck Population – Aftermarket Implication, North America, 2018-2025
  • 25. Commercial Vehicle Aftermarket: Shortage of Skillset – Aftermarket Implication, North America, 2018-2025
  • 26. Commercial Vehicle Aftermarket: Operational Factors – Impact on Various Stakeholders, North America, 2018-2025
  • 27. Commercial Vehicle Aftermarket: Overview of Technological Factors, North America, 2018-2025
  • 28. Commercial Vehicle Aftermarket: Connected Trucks, North America, 2018-2025
  • 29. Commercial Vehicle Aftermarket: Connected Trucks – Aftermarket Implication, North America, 2018-2025
  • 30. Commercial Vehicle Aftermarket: Electric Trucks, North America, 2018-2025
  • 31. Commercial Vehicle Aftermarket: Electric Trucks – Aftermarket Implication, North America, 2018-2025
  • 32. Commercial Vehicle Aftermarket: Autonomous Trucks, North America, 2018-2025
  • 33. Commercial Vehicle Aftermarket: Platooning, North America, 2018-2025
  • 34. Commercial Vehicle Aftermarket: Autonomous Trucks – Aftermarket Implication, North America, 2018-2025
  • 35. Commercial Vehicle Aftermarket: Blockchain, North America, 2018-2025
  • 36. Commercial Vehicle Aftermarket: Technological Factors – Impact on Various Stakeholders, North America, 2018-2025
  • 37. Commercial Vehicle Aftermarket: Overview of Aftersales Factors, North America, 2018-2025
  • 38. Commercial Vehicle Aftermarket: List of Manufacturers Offering Reman Parts, North America, 2018-2025
  • 39. Commercial Vehicle Aftermarket: Reman Parts – Aftermarket Implication, North America, 2018-2025
  • 40. Commercial Vehicle Aftermarket: OEMs Focus on IAM / Private Labels, North America, 2018-2025
  • 41. Commercial Vehicle Aftermarket: Private Labels – Aftermarket Implication, North America, 2018-2025
  • 42. Commercial Vehicle Aftermarket: eCommerce – Aftermarket Implication, North America, 2018-2025
  • 43. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (DTNA), North America, 2018-2025
  • 44. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Navistar), North America, 2018-2025
  • 45. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (PACCAR), North America, 2018-2025
  • 46. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Cummins), North America, 2018-2025
  • 47. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Meritor), North America, 2018-2025
  • 48. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Allison Transmission), North America, 2018-2025
  • 49. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Dana), North America, 2018-2025
List of Charts
  • 1. Commercial Vehicle Aftermarket: VIO by Class, North America, 2015-2025
  • 2. Commercial Vehicle Aftermarket: Average Annual Vehicle Miles Traveled by Class, The United States, 2015-2025
  • 3. Commercial Vehicle Aftermarket: Revenue Share by Distribution Channel, North America, 2018
  • 4. Commercial Vehicle Aftermarket: GDP – Impact on CV Aftermarket, North America, 2017-2025
  • 5. Commercial Vehicle Aftermarket: Diesel Price, North America, 2017-2025
  • 6. Commercial Vehicle Aftermarket: Industrial Product Index, North America, 1968-2025
  • 7. Commercial Vehicle Aftermarket: Truck Tonnage Index, North America, 2013-2017
  • 8. Commercial Vehicle Aftermarket: Shortage of Skillsets (Drivers and DES), North America, 2013-2016
  • 9. Commercial Vehicle Aftermarket: Connected Truck Installed Base, North America, 2015-2025
  • 10. Commercial Vehicle Aftermarket: Overview of Remanufacturing Industry, North America, 2018 and 2025
Related Research
The goals of the study are to analyze the North American medium and heavy duty (Class 4–8) commercial vehicles (CV) aftermarket and to project this market’s future outlook and the opportunities it offers to different participants in the value chain. The study discusses the impact of various factors based on economic, legislative, operational, technological, and aftersales trends on the CV aftermarket industry. It also examines how these factors influence the below elements. • Aftermarket dynamics, such as freight demand and new revenue stream opportunities • Aftermarket related factors, such as new vehicle sales, average age of vehicle, and vehicle miles traveled • Consumer behavior, such as preference towards value label and remanufactured parts The impact of the above elements on each other and on various stakeholders of the aftermarket such as OES players, IAM suppliers, distribution channel participants, fleet operators, garages, and third-party service providers are also discussed. This study also covers major disruptions in this market and discusses the implications on the aftermarket participants, which are as listed below. • OES (Original Equipment Supplier) participants are targeting to eat into the market share of the IAM (Independent Aftermarket) channel, through their private label parts for all make and model vehicles • Connected ecosystem – stakeholders across the value chain are partnering with TSP (Telematics Service Providers) • Electric and Autonomous vehicles – All major OEMs have vehicles under trials and are expected to account for a significant share of sales by the end of forecast period • Right to repair – Enables IAM players to have access to technical details and repair procedures, which were earlier restricted to the respective OEMs (Original Equipment Manufacturers) The study additionally discusses what drives the connected ecosystem and digitization related trends such as prognostics, in-vehicle sales and service scheduling, ad
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Table of Contents | Executive Summary~ || Executive Summary—Key Findings~ || Executive Summary—Key Trends~ || Opportunities for Major Parts~ || Factors Affecting CV Industry~ || Current & Future Outlook~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Background~ || Research Methodology~ | Definitions and Segmentation~ || Vehicle Segmentation~ | Market Overview~ || VIO by Class~ || Average Annual Vehicle Miles Traveled (VMT) by Class~ || Market Size by Revenue for Major Replacement Parts~ || Revenue Share by Distribution Channel~ || Factors Affecting CV Industry~ || Impact Level on Various Stakeholders Based on Factors~ | Economic Factors~ || Overview of Economic Factors~ || GDP—Impact on CV Aftermarket~ || GDP—Aftermarket Implication~ || Fuel Price—Aftermarket Implication~ || IPI—Impact on CV Aftermarket~ || IPI—Aftermarket Implication~ || Economic Factors—Impact on Various Stakeholders~ | Legislative Factors~ || Overview of Legislative Factors~ || ELD Mandate~ || ELD—Aftermarket Implication~ || Right to Repair—Current Scenario~ || Right to Repair—Aftermarket Implication~ || CSA Violations~ || CSA Violations—Aftermarket Implication~ || Legislative Factors—Impact on Various Stakeholders~ | Operational Factors~ || Overview of Operational Factors~ || Truck Tonnage Index (TTI)~ || TTI—Aftermarket Implication~ || Aging Truck Population Impact on Replacement Parts~ || Aging Truck Population—Aftermarket Implication~ || Shortage of Skillsets (Drivers and Diesel Engine Specialists)~ || Shortage of Skillset—Aftermarket Implication~ || Operational Factors—Impact on Various Stakeholders~ | Technology Trends~ || Overview of Technological Factors~ || Connected Trucks~ || OEMs and Suppliers Focus on Multiple TSPs~ || Connected Trucks—Aftermarket Implication~ || Electric Trucks~ || Electric Trucks—Aftermarket Implication~ || Autonomous Trucks~ || Platooning~ || Autonomous Trucks—Aftermarket Implication~ || Blockchain~ || Technological Factors—Impact on Various Stakeholders~ | Aftersales Factors~ || Overview of Aftersales Factors~ || Overview of Remanufacturing Industry~ || List of Manufacturers Offering Reman Parts~ || Reman Parts—Aftermarket Implication~ || OEMs’ Focus on IAM / Private Labels~ || Private Labels—Aftermarket Implication~ || eCommerce~ || eCommerce—Aftermarket Implication~ || Aftersales Factors—Impact on Various Stakeholders~ | Growth Opportunities and Companies to Action~ || Growth Opportunity~ || Strategic Imperatives for Success and Growth~ | Profiling of Key Players~ || Daimler Trucks North America LLC (DTNA)~ || Business Strategy and Growth Opportunity (DTNA)~ || Navistar~ || Business Strategy and Growth Opportunity (Navistar)~ || PACCAR~ || Business Strategy and Growth Opportunity (PACCAR)~ || Cummins~ || Business Strategy and Growth Opportunity (Cummins)~ || Meritor~ || Business Strategy and Growth Opportunity (Meritor)~ || Allison Transmission~ || Business Strategy and Growth Opportunity (Allison Transmission)~ || Dana~ || Business Strategy and Growth Opportunity (Dana)~ | Conclusion and Future Outlook~ || Key Conclusions and Future Outlook~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || List of Exhibits~
List of Charts and Figures 1. Commercial Vehicle Aftermarket: Key Findings, North America, 2018-2025~ 2. Commercial Vehicle Aftermarket: Key Trends, North America, 2018-2025~ 3. Commercial Vehicle Aftermarket: Opportunities for Major Parts, North America, 2018-2025~ 4. Commercial Vehicle Aftermarket: Current & Future Outlook, North America, 2018-2025~ 5. Commercial Vehicle Aftermarket: Market Definitions, North America, 2018-2025~ 6. Commercial Vehicle Aftermarket: Vehicle Segmentation, North America, 2018~ 7. Commercial Vehicle Aftermarket: Market Size by Revenue for Major Replacement Parts, North America, 2018-2025~ 8. Commercial Vehicle Aftermarket: Impact Level on Aftermarket Stakeholders, North America, 2018-2025~ 9. Commercial Vehicle Aftermarket: Overview of Economic Factors, North America, 2018-2025~ 10. Commercial Vehicle Aftermarket: Overview of Economic Factors, North America, 2018-2025~ 11. Commercial Vehicle Aftermarket: Fuel Price – Aftermarket Implication, North America, 2018-2025~ 12. Commercial Vehicle Aftermarket: IPI – Aftermarket Implication, North America, 2018-2025~ 13. Commercial Vehicle Aftermarket: Economic Factors – Impact on Various Stakeholders, North America, 2018-2025~ 14. Commercial Vehicle Aftermarket: Overview of Legislative Factors, North America, 2018-2025~ 15. Commercial Vehicle Aftermarket: ELD Mandate, North America, 2018-2025~ 16. Commercial Vehicle Aftermarket: ELD – Aftermarket Implication, North America, 2018-2025~ 17. Commercial Vehicle Aftermarket: Right to Repair – Aftermarket Implication, North America, 2018-2025~ 18. Commercial Vehicle Aftermarket: CSA Violations, North America, 2018-2025~ 19. Commercial Vehicle Aftermarket: CSA Violations – Aftermarket Implication, North America, 2018-2025~ 20. Commercial Vehicle Aftermarket: Legislative Factors – Impact on Various Stakeholders, North America, 2018-2025~ 21. Commercial Vehicle Aftermarket: Overview of Operational Factors, North America, 2018-2025~ 22. Commercial Vehicle Aftermarket: TTI – Aftermarket Implication, North America, 2018-2025~ 23. Commercial Vehicle Aftermarket: Aging Truck Population Impact on Replacement Parts, North America, 2018 and 2025~ 24. Commercial Vehicle Aftermarket: Aging Truck Population – Aftermarket Implication, North America, 2018-2025~ 25. Commercial Vehicle Aftermarket: Shortage of Skillset – Aftermarket Implication, North America, 2018-2025~ 26. Commercial Vehicle Aftermarket: Operational Factors – Impact on Various Stakeholders, North America, 2018-2025~ 27. Commercial Vehicle Aftermarket: Overview of Technological Factors, North America, 2018-2025~ 28. Commercial Vehicle Aftermarket: Connected Trucks, North America, 2018-2025~ 29. Commercial Vehicle Aftermarket: Connected Trucks – Aftermarket Implication, North America, 2018-2025~ 30. Commercial Vehicle Aftermarket: Electric Trucks, North America, 2018-2025~ 31. Commercial Vehicle Aftermarket: Electric Trucks – Aftermarket Implication, North America, 2018-2025~ 32. Commercial Vehicle Aftermarket: Autonomous Trucks, North America, 2018-2025~ 33. Commercial Vehicle Aftermarket: Platooning, North America, 2018-2025~ 34. Commercial Vehicle Aftermarket: Autonomous Trucks – Aftermarket Implication, North America, 2018-2025~ 35. Commercial Vehicle Aftermarket: Blockchain, North America, 2018-2025~ 36. Commercial Vehicle Aftermarket: Technological Factors – Impact on Various Stakeholders, North America, 2018-2025~ 37. Commercial Vehicle Aftermarket: Overview of Aftersales Factors, North America, 2018-2025~ 38. Commercial Vehicle Aftermarket: List of Manufacturers Offering Reman Parts, North America, 2018-2025~ 39. Commercial Vehicle Aftermarket: Reman Parts – Aftermarket Implication, North America, 2018-2025~ 40. Commercial Vehicle Aftermarket: OEMs Focus on IAM / Private Labels, North America, 2018-2025~ 41. Commercial Vehicle Aftermarket: Private Labels – Aftermarket Implication, North America, 2018-2025~ 42. Commercial Vehicle Aftermarket: eCommerce – Aftermarket Implication, North America, 2018-2025~ 43. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (DTNA), North America, 2018-2025~ 44. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Navistar), North America, 2018-2025~ 45. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (PACCAR), North America, 2018-2025~ 46. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Cummins), North America, 2018-2025~ 47. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Meritor), North America, 2018-2025~ 48. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Allison Transmission), North America, 2018-2025~ 49. Commercial Vehicle Aftermarket: Business Strategy and Growth Opportunity (Dana), North America, 2018-2025~| 1. Commercial Vehicle Aftermarket: VIO by Class, North America, 2015-2025~ 2. Commercial Vehicle Aftermarket: Average Annual Vehicle Miles Traveled by Class, The United States, 2015-2025~ 3. Commercial Vehicle Aftermarket: Revenue Share by Distribution Channel, North America, 2018~ 4. Commercial Vehicle Aftermarket: GDP – Impact on CV Aftermarket, North America, 2017-2025~ 5. Commercial Vehicle Aftermarket: Diesel Price, North America, 2017-2025~ 6. Commercial Vehicle Aftermarket: Industrial Product Index, North America, 1968-2025~ 7. Commercial Vehicle Aftermarket: Truck Tonnage Index, North America, 2013-2017~ 8. Commercial Vehicle Aftermarket: Shortage of Skillsets (Drivers and DES), North America, 2013-2016~ 9. Commercial Vehicle Aftermarket: Connected Truck Installed Base, North America, 2015-2025~ 10. Commercial Vehicle Aftermarket: Overview of Remanufacturing Industry, North America, 2018 and 2025~
Author Vasanth Raj
Industries Automotive
WIP Number K2B5-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9801-A6,9AF6-A6