Key Takeaways:
- The global medium and heavy truck aftermarket is a large, but often overlooked sector of the transportation industry. Although there are fewer commercial vehicles in use worldwide in comparison to passenger cars/trucks, companies spend more than five times as much on parts and service to keep them in service. This creates significant market opportunities for manufacturers, distributors, service providers, technology vendors, and global investors, among other stakeholder groups.
- This research is the culmination of the work of Frost & Sullivan analysts located in regions throughout the world. It presents key industry highlights for 2018 and predictions for 2019, supported by comparative market metrics across 20 countries.
- The vehicle scope includes on-road medium and heavy trucks. The product scope includes all post-warranty replacement parts, chemicals and accessories covering commercial vehicles. Revenue is presented at the manufacturer, distributor and end-user levels.
- The research also represents the first published title in Frost & Sullivan’s new research program covering the commercial vehicle aftermarket. Future titles will focus on product categories including brakes, filters and re-manufactured components, as well as telematics /connected truck systems and other trends affecting the industry worldwide.
