Global Medium- and Heavy-duty Commercial Vehicle Aftermarket Outlook Report 2022: Average Miles Driven and Spend per Vehicle to Rise Sharply and Result in Transformational Growth
Dublin, Sept. 27, 2022 (GLOBE NEWSWIRE) -- The "Global Medium- and Heavy-duty Commercial Vehicle Aftermarket Outlook, 2022" report has been added to ResearchAndMarkets.com's offering.
The study includes a global economic outlook with top trends for 2021 and predictions for 2022. It identifies the main factors that will influence the size of the global commercial vehicle aftermarket and how the industry outlook varies by region.
The findings cover developments in the global commercial vehicle aftermarket in 2021 that will have an impact on the market in 2022. Data sources include primary and secondary research, existing studies, statistical modeling, and analysis.
In 2021, the aftermarket rebounded strongly from the COVID-19 pandemic of 2020, as vehicles in operation (VIO), average miles driven, and spend per vehicle increased. However, parts shortages remain a year after the global economy has reopened, and the skilled labor shortage of truck drivers and service technicians is approaching critical levels.
The aim of this study is to identify the size of the global medium- and heavy-duty commercial vehicle aftermarket and its growth opportunities in 2022. Commercial vehicles include medium- and heavy-duty on-road trucks. Revenue includes parts only and excludes service, unless otherwise noted.
Revenue is measured at the manufacturer level and is expressed in US dollars. This research is the culmination of the work of analysts located all over the world.
The analysts have used multiple sources and statistical analysis in markets where information is not available to increase the confidence level of the research findings. The markets covered are the United States, Canada, Mexico, Brazil, Argentina, the United Kingdom, Germany, France, Italy, Spain, Russia, Turkey, Saudi Arabia, South Africa, India, Japan, Thailand, Australia, Taiwan, and China.
The research covers major technology trends and their impact on vehicle maintenance. This includes aftermarket truck telematics penetration, record growth for online parts sellers, and increased adoption of predictive maintenance. Growth opportunities and companies to action are also covered.
Rising diesel costs, potential supply chain disruptions, the Russo-Ukrainian war, and general economic inflation are among the main factors affecting market growth in 2022. The research ends with key conclusions and the outlook for 2022.
Key Topics Covered:
1. The Strategic Imperative
Why is it Increasingly Difficult to Grow?
The Strategic Imperative
The Impact of the Top 3 Strategic Imperatives on the Global Medium- and Heavy-duty Commercial Vehicle Aftermarket
Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Environment
2021 in Numbers - Key Highlights
2021 in Trends - Key Highlights
Challenges Faced by the Global Medium- and Heavy-duty Commercial Vehicle Aftermarket in 2021 due to the COVID-19 Pandemic
Global Medium- and Heavy-duty Commercial Vehicle Aftermarket - Actuals versus Forecast, 2021
Aftermarket Replacement Parts and Accessories Revenue Forecast
Impact of the COVID-19 Pandemic on Key Regions' Recovery
Impact of the COVID-19 Pandemic on Revenue Forecast
Top Market Influences by Region, 2021-2022
2022 in Numbers - Key Predictions
2022 in Trends - Key Predictions
3. Growth Opportunity Analysis
Scope of Analysis
Segmentation
Geographic Scope
Research Aims and Objectives
Key Questions this Study will Answer
4. Research Methodology
Data Sources
Research Process
5. Macroeconomic Factors Impacting the Global Medium- and Heavy-duty Commercial Vehicle Aftermarket
COVID-19 Impact on Global GDP Growth
Global Growth Scenario Analysis - Assumptions
Global GDP Growth under Differing Scenarios
COVID-19 Impact on Key Regions
6. Key Revenue Trends, Global Medium- and Heavy-duty Commercial Vehicle Aftermarket
Global Medium- and Heavy-duty Commercial Vehicle Aftermarket VIO, 2021-2022
Global Medium- and Heavy-duty Commercial Vehicle Aftermarket Revenue Forecast by Region, 2021-2022
Segment-wise Revenue Forecast, 2018-2025
Country-level Spend per Vehicle Analysis, 2021
Manufacturer-level Spend per Vehicle by Region, 2021-2022
Global Average Annual Miles Driven, 2020-2022
Global Distribution Channel Analysis, 2021
Key Mergers and Acquisitions, Global, 2021-2022
Key Policies and Regulations, Global, 2021-2022
7. Technology Trends
Key Technology Trends,
Trend 1 - Rising Installation Rates for Aftermarket Truck Telematics
Trend 2 - Online Parts Sales Continues to Set New Records
Trend 3 - A Growing Number of Fleets are Adopting Predictive Maintenance Platforms
Trend 4 - Fleets to Increase Investments in Smart Trailer Systems
8. Key Predictions for 2022
Key Predictions, 2022
Prediction 1 - Ongoing Parts Shortage to Reduce Industry Growth
Prediction 2 - Range Anxiety to Slow the Deployment of Heavy Electric Trucks
Prediction 3 - Further Geopolitical Disruptions are Likely
9. North America Industry Outlook, 2022
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook - Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel Analysis
Medium- and Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
10. Europe Industry Outlook, 2022
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook - Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel Analysis
Medium- and Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
11. Latin America Industry Outlook, 2022
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook - Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel Analysis
Medium- and Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
12. Asia-Pacific Industry Outlook, 2022
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook - Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel Analysis
Medium- and Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
13. Saudi Arabia and South Africa Industry Outlook, 2022
Regional Outlook
Aftermarket Dashboard
Aftermarket Outlook - Revenue by Part Type
VIO Ownership Pattern
VIO Model Mix
Distribution Channel Analysis
Medium/Heavy-duty Commercial Vehicle Aftermarket Opportunity Areas
14. Growth Opportunity Universe
Growth Opportunity 1 - Private Labeling for a Greater Market Share in New Product Categories
Growth Opportunity 2 - Brand Licensing for Customer Recognition
Growth Opportunity 3 - Direct Importing for Lower Product Acquisition and Distribution Costs
Growth Opportunity 4 - Specialization in Niche Products/Services for Maximum Profitability
Growth Opportunity 5 - Joint Ventures for Overseas Manufacturing and Quality Assurance
15. Key Conclusions and Future Outlook
For more information about this report visit https://www.researchandmarkets.com/r/wbq12m
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900