Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report analysing the medium and heavy duty lorry aftermarket.
The publication Medium & Heavy Duty Truck Aftermarket: US industry forecasts for 2013 & 2018 reports that the US aftermarket for medium- and heavy-duty lorry parts and components will increase 3.8% annually to $17.1 billion in 2013.
The largest product category in the medium- and heavy-duty aftermarket will continue to be exterior and structural components, which primarily consists of tyres (both new and retreaded). Tyres are by far the most important aftermarket product, accounting for more than 40% of the total medium- and heavyduty lorry aftermarket in 2008.
Furthermore, the report shows that he rising complexity of many medium- and heavy-duty lorries tends to support aftermarket demand, since these vehicles often require more expensive parts to repair and maintain.
Authors of the report note that rising emission control and safety standards are also expected to support demand, as older lorries are retrofitted to meet the new standards. In addition, the ageing 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.
Furthermore, 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.
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.
Medium & Heavy Duty Truck Aftermarket: US industry forecasts for 2013 & 2018
Report Buyer Product ID: FED00273
Report Buyer Product Category: Automotive
