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Increasing VIO and Average Age of Vehicles will Drive the Demand for Replacement Parts
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This report covers the aftermarket for Class 1–3 vehicles’ brake pads, brake rotors, brake calipers, compressors, radiators, batteries, air filters, oil filters, cabin air filters, spark plugs, starters, alternators, and wipers in terms of volume (in million units) and value ($ million) across the United States and Canada. It highlights the unit shipments, revenue average price, distribution channel share, and market share. The base year for analysis is 2018, and the forecast period is from 2019 to 2022.Overall unit shipments for all product categories are expected to experience marginal growth as the market is mature across product categories, primarily fueled by the VIO growth rate and increased vehicle age. The North American cabin air filters are expected to record the highest growth rate in terms of unit shipments and revenue during the forecast period, whereas the batteries product category is expected to be the largest in terms of revenue market size. Predominantly, the major channel partners across product categories are warehouse distributors (except for a few product categories such as batteries). Retailers and OES are the next major channel partners, followed by eRetail.Overall, the average unit price is expected to increase marginally during the forecast period across all product categories. The major participants for the different product categories are:Brake Pads: Bosch, Centric Parts, Federal-Mogul, ROULUNDS BRAKINGBrake Rotors: Brake Parts, Winhere Brake Parts, Centric Parts, Federal-Mogul, Dura InternationalBrake Calipers: Cardone Industries, BBB Industries, Brake PartsCompressors: SMP, GPD Omega, Denso, UACRadiators: Spectra Premium, APDI, LKQ, CSFBatteries: Johnson Controls, East Penn Manufacturing, ExideAir Filters: MANN+HUMMEL, K&N, FRAM Filtration, Bosch, STP, Motorcraft, ACDelcoOil Filters: MANN+HUMMEL, FRAM Filtration, Bosch, Mobil1, Motorcraft, STP, K&NCabin Air Filters: MANN+HUMMEL, FRAM Filtration, Bosch, ACDelco, Mopar, Denso, STPSpark Plugs: NGK, Autolite, Champion, Denso, ACDelco, Bosch, MotorcraftAlternators: Remy, BBB, MPA, Bosch, Denso, Prestolite ElectricStarters: Remy, BBB, MPA, Bosch, Denso, Prestolite ElectricWipers: Bosch, Federal-Mogul, ITW Global Brands, TRICO, Pylon ManufacturingAs this is a mature market, improving on factors such as fill rate, application coverage, and big customer accounts will enable growth (considering the fact that a major part of the revenue would be generated through private label brands).Key Questions this Study will Answer:· What are the market sizes in terms of unit shipments for the above product categories?· What are the market sizes in terms of average manufacturer-level revenue for the above product categories?· What are the average manufacturer-level prices for the above product categories?· What are the distribution channel shares for the above product categories?· Which are the major participants and what are their respective market shares for the above product categories?· Which brands are offered by major retailers for the above product categories?
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