Medium & Heavy Duty Truck Aftermarket

US industry forecasts for 2013 & 2018

Publication Date	April 2009
Publisher	Freedonia Group
Product Type	Report
Pages
ISBN Number	not applicable
Product Code	FED00273

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Summary

US demand to grow 3.8% annually through 2013
The US aftermarket for medium- and heavy-duty truck parts and components will increase 3.8 percent annually to $17.1 billion in 2013. The rising complexity of many medium- and heavy-duty trucks tends to support aftermarket demand, since these vehicles often require more expensive parts to repair and maintain. Rising emission control and safety standards are also expected to support demand, as older trucks are retrofitted to meet the new standards. In addition, the aging of the US truck fleet, rising number of trucks in use and the expected increase in miles driven per truck as the economy recovers will drive gains. Further valve growth will be restrained by falling prices for a number of raw materials from elevated 2008 levels, which will impact several major product categories -- most notably tires.

Product improvements made by original equipment manufacturers will also limit aftermarket demand. The increased use of new, more durable materials and designs, coupled with the shift toward the use of advanced electronic sensing and control systems, continues to play a major role in reducing medium- and heavy-duty truck maintenance and repair costs.

Tires, exterior/structural parts to stay top segment
The largest product category in the medium- and heavy-duty aftermarket will continue to be exterior and structural components, which primarily consists of tires (both new and retreaded). Tires are by far the most important aftermarket product, accounting for more than 40 percent of the total medium- and heavyduty truck aftermarket in 2008. In fact, tires typically represent the largest maintenance cost for a fleet and often trail only fuel, insurance and driver salaries among all operating costs. Other products in the exterior and structural component segment include fifth wheels, windows, mirrors, windshield wiper systems and a range of miscellaneous components such as trailer landing gear, bumpers, truck roof and side fairings, trailer body panels and trailer doors.

The mechanical products segment, which includes engine hard parts and chassis, drivetrain and suspension parts and components, is also extremely important. However, except for wear parts like brake pads and filters, growth will be limited by the long service lives for many of these components.

Electrical, electronic components to pace growth
The smaller electrical and electronic components segment is expected to see the most rapid demand increases through 2013, supported by the ongoing rise in electronic content of the typical truck in combination with stronger emission control regulations. These regulations will benefit manufacturers of sensors and controls used to monitor and limit truck emissions, as well as providers of auxiliary power units.

Outsourced servicers to remain dominant
Outsourced service providers will continue to dominate the aftermarket for medium- and heavy-duty truck parts, led by tire dealers who are the critical sales channel for the large tire segment of the market. In addition, the increasing complexity of diagnosis and repair procedures on modern trucks is causing some outsourced service providers (i.e., franchised new truck dealers, branded component supplier service centers) to gain market share, since they typically have ready access to the latest diagnostic
and repair data and special tools.

Content

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT
General
Macroeconomic Environment
Medium- & Heavy-Duty Trucks
Supply & Demand Dynamics
Truck Park & Mileage
Medium- & Heavy-Duty Truck Industry Trends
The Trend toward Integration
Light Vehicle & Medium- & Heavy-Duty Truck
Aftermarket Differences
Component Rebuilders
Vehicle Quality Improvements
Technology & Materials Trends
Spark Ignition Engine Technology
Indirect Fuel Injection Systems
Direct Fuel Injection Systems
Variable Valve Timing Systems
Cylinder Deactivation Systems
Compression Ignition (Diesel) Engine Technology
Basic Diesel Engine Operation
Diesel Engine Emissions Control Technology
Fuel System Enhancements
Turbocharging & After-Treatment Device
Enhancements
Diesel Fuel Enhancements
Performance Enhancement Technology
Electronic Engine Controls
Hybrid & Electric Powertrains
Legislative & Regulatory Environment
Environmental
Safety

III. INDUSTRY TRENDS
General
Medium- & Heavy-Duty Truck Aftermarket Overview
Pricing Trends
Foreign Trade & International Issues
Global Aftermarket Parts Supply & Demand Trends
Trends in Foreign Trade

IV. EXTERIOR & STRUCTURAL PRODUCT AFTERMARKET
General
Tires
Fifth Wheels, Kingpins & Parts
Windows, Mirrors & Replacement Glass
Windshield Wiper Systems
Other

V. MECHANICAL PRODUCT AFTERMARKET
General
Engines & Engine Parts
Engines, Cylinder Heads & Liners
Turbochargers & Related Parts
Pistons & Rings
Bearings, Camshafts & Crankshafts
Valves, Seats & Related Parts
Other
Transmissions & Clutch Assemblies
Steering & Suspension Components
Suspension Systems
Steering Systems
Brake Parts & Assemblies
Drivetrain Components
Filters
Oil
Air
Fuel
Other
Fuel System Components
Exhaust & Emissions System Components
Cooling System Components

VI. ELECTRICAL & ELECTRONIC PRODUCT AFTERMARKET
General
Electronic Product Aftermarket
Telematics, Navigation & Vehicle Tracking Systems
Electronic Controls, Modules & Sensors
Other Electronic Products
Electrical Product Aftermarket
Charging & Starting Equipment
Batteries
Auxiliary Power Units
Lighting Equipment
Other Electrical Products

VII. AFTERMARKET BY PERFORMER
General
Outsourced Service Providers
Tire Dealers
Independent Garages
Truck Dealerships
Other
In-House Service Providers
Fleets
Owner Operators

VIII. INDUSTRY STRUCTURE
General
Industry Composition
Market Share
Tires
Non-Tires
Mergers, Acquisitions & Industry Restructuring
Product Development & Manufacturing
Marketing
Distribution
Financial Issues & Requirements
Strategic Partnerships

Company Profiles
Affinia Group Incorporated
ArvinMeritor Incorporated
Bandag Incorporated, see Bridgestone Corporation
Bendix Commercial Vehicle Systems, see Knorr-Bremse
Bendix Spicer Foundation Brake, see Dana Holding & Knorr-Bremse AG
BLD Products Limited, see Qualitor Incorporated
Blue Diamond Truck, see Navistar International
BorgWarner Incorporated
Bosch (Robert) GmbH
Bridgestone Corporation
Caterpillar Incorporated
Continental AG
Cooper-Standard Holdings Incorporated
Cooper Tire & Rubber Company
Cummins Incorporated
Daimler AG
Dana Holding Corporation
Dayco Products, see Mark IV Industries Incorporated
Delphi Corporation
DENSO Corporation
Detroit Diesel Corporation, see Daimler AG
Eaton Corporation
Exide Technologies
Federal-Mogul Corporation
Gates Corporation, see Tomkins plc
Goodyear Tire & Rubber Company
GTY Tire Company, see Continental, Toyo Tire & Rubber & Yokohama Rubber
Guardian Industries Corporation
Haldex AB
HASSE & WREDE North America, see Knorr-Bremse
Hendrickson International Corporation
Honeywell International Incorporated
International Brake Industries, see Qualitor Incorporated
Johnson Controls Incorporated
Knorr-Bremse AG
Mack Trucks Incorporated, see Volvo AB
MAHLE International GmbH
Mark IV Industries Incorporated
Meritor WABCO Vehicle Control Systems, see
ArvinMeritor Incorporated
Michelin Group
Navistar International Corporation
Nippon Sheet Glass Company Limited
Osram GmbH, see Siemens AG
PACCAR Incorporated
Pilkington plc, see Nippon Sheet Glass Company Limited
Pioneer Corporation
PPG Industries Incorporated
Proliance International Incorporated
Qualitor Incorporated
Schrader-Bridgeport, see Tomkins plc
Siemens AG
Sloan Transportation Products, see Qualitor Incorporated
Sony Corporation
Stanadyne Corporation
Sypris Solutions Incorporated
Tenneco Incorporated
ThyssenKrupp AG
Tomkins plc
Toyo Tire & Rubber Company Limited
Valeo SA
Valeo Sylvania LLC, see Siemens AG and Valeo SA
Veyance Technologies Incorporated
Victor Reinz, see Dana Holding Corporation
Volvo AB
Yokohama Rubber Company Limited
Other Medium- & Heavy-Duty Truck Aftermarket Companies

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table

SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators
2 Motor Vehicle Weight Classes
3 Medium- & Heavy-Duty Truck Supply & Demand
4 Medium- & Heavy-Duty Truck Park & Mileage

SECTION III -- INDUSTRY TRENDS
1 Medium- & Heavy-Duty Truck Aftermarket by Product & Vehicle Class
2 World Medium- & Heavy-Duty Truck Aftermarket by Region

SECTION IV -- EXTERIOR & STRUCTURAL PRODUCT AFTERMARKET
1 Exterior & Structural Product Aftermarket
2 Tire Aftermarket
3 Fifth Wheel, Kingpin & Part Aftermarket
4 Window, Mirror & Replacement Glass Aftermarket
5 Windshield Wiper System Aftermarket
6 Other Exterior & Structural Product Aftermarket

SECTION V -- MECHANICAL PRODUCT AFTERMARKET
1 Mechanical Product Aftermarket
2 Engine & Engine Part Aftermarket
3 Transmission & Clutch Assembly Aftermarket
4 Steering & Suspension Aftermarket
5 Brake Part & Assembly Aftermarket
6 Drivetrain Component Aftermarket
7 Filter Aftermarket
8 Fuel System Component Aftermarket
9 Exhaust & Emissions System Component Aftermarket
10 Cooling System Component Aftermarket

SECTION VI -- ELECTRICAL & ELECTRONIC PRODUCT AFTERMARKET
1 Electrical & Electronic Product Aftermarket
2 Electronic Product Aftermarket
3 Telematics, Navigation & Vehicle Tracking System Aftermarket
4 Electronic Control, Module & Sensor Aftermarket
5 Other Electronic Product Aftermarket
6 Electrical Product Aftermarket
7 Charging & Starting Equipment Aftermarket
8 Battery Aftermarket
9 Auxiliary Power Unit Aftermarket
10 Lighting Equipment Aftermarket
11 Other Electrical Product Aftermarket

SECTION VII -- AFTERMARKET BY PERFORMER
1 Medium- & Heavy-Duty Truck Aftermarket by Performer
2 Outsourced Aftermarket by Performer
3 In-House Aftermarket by Performer

SECTION VIII -- INDUSTRY STRUCTURE
1 Sales of Selected Medium- & Heavy-Duty Truck Aftermarket Suppliers, 2008
2 Selected Acquisitions & Divestitures
3 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
1 Vehicle Mileage, 1998-2018
2 Medium- & Heavy-Duty Truck Aftermarket Channels

SECTION III -- INDUSTRY TRENDS
1 Medium- & Heavy-Duty Truck Aftermarket by Product & Vehicle Class

SECTION IV -- EXTERIOR & STRUCTURAL PRODUCT AFTERMARKET
1 Exterior & Structural Product Aftermarket by Type, 2008

SECTION V -- MECHANICAL PRODUCT AFTERMARKET
1 Mechanical Product Aftermarket by Type, 2008

SECTION VI -- ELECTRICAL & ELECTRONIC PRODUCT AFTERMARKET
1 Electrical & Electronic Product Aftermarket by Type, 2008

SECTION VII -- AFTERMARKET BY PERFORMER
1 Medium- & Heavy-Duty Truck Aftermarket by Performer, 2008

SECTION VIII -- INDUSTRY STRUCTURE
1 Medium- & Heavy-Duty Truck Aftermarket Share by Company, 2008
2 Medium- & Heavy-Duty Truck Tire Aftermarket Share by Company, 2008
3 Medium- & Heavy-Duty Truck Non-Tire Aftermarket Share by Company, 2008