US Heavy Duty Aftermarket Market 2022-2027

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    US HEAVY DUTY AFTERMARKET MARKET

     

    INTRODUCTION

    The word “aftermarket” refers to accessories and items added after a car has left the factory. The market is projected to continue to rise as a result of the emergence of 3D printing in the automotive aftermarket sector and the rising demand for hybrid and all-electric vehicles.

     

    infographic: US Heavy Duty Aftermarket Market, US Heavy Duty Aftermarket Market Size, US Heavy Duty Aftermarket Market Trends, US Heavy Duty Aftermarket Market Forecast, US Heavy Duty Aftermarket Market Risks, US Heavy Duty Aftermarket Market Report, US Heavy Duty Aftermarket Market Share

     

    One of the main elements promoting the expansion of the US automobile parts aftermarket is the benefits of genuine replacement components. One of the most significant aftermarket trends in the United States is the expanding availability of automotive parts on online shopping sites.

     

    US HEAVY DUTY AFTERMARKET MARKET DEVELOPMENTS AND INNOVATIONS

    Federal and international institutions as well as regional regulatory bodies like the U.S. Environmental Protection Agency have made an effort in order to acquire a competitive edge and take control of a sizeable portion of the market, the industry is observing a trend of strategic alliances and cooperation between collision repair facilities and top auto insurance companies.

     

    For instance, certified auto repair businesses across the United States are affiliated with Utica Mutual Insurance Company, State Farm Mutual Automobile Insurance Company, and Progressive Casualty Insurance Company.

     

    An international group called NSF International establishes safety and damage standards for aftermarket auto parts. In order to meet NSF criteria, manufacturers are also emphasising the production of certified parts.

     

    DIY customers are very price-conscious, and the expansion of e-commerce has made it possible for customers to choose online stores in order to make affordable purchases, which has increased the overall sales of aftermarket components.

     

    COMPETITIVE LANDSCAPE

    Since the aftermarket business has generated attractive margins and profits in the expanding market, the automobile industry has seen a significant increase in sales of OEMs and aftermarket components in the U.S. The aftermarket sales have seen a considerable uptick because of the expanding need for prompt maintenance and parts activities for cars.Government rules pertaining to the market for heavy-duty vehicles and strict emission standards are what drive the automotive aftermarket.

     

    3M is a global scale and European developer of the heavy-duty systems in the market. It has brought in the tough aluminium hub especially created to accept RX flaps for peening applications is the 3M Heavy Duty Roto Peen Hub Assembly. The use of any RX flap is possible for operators thanks to this abrasive addition.

     

    In addition to providing a more hygienic option to conventional peening techniques like sandblasting, it houses HD Rotopeen flap assemblies. This Heavy Duty Roto Peen Hub Assembly offers a cleaner, more user-friendly peening operation by removing debris.

     

    Continental Automotive is part of the component manufacture trending companies in the current industry.  These are Heavy-duty truck, bus, and off-road equipment uses are the sole focus of the heavy-duty trucks’ belts design.

     

    In order to offer even support for the weight carrying tensile cord, they have reinforced cushion sections made of heat- and oil-resistant grade synthetic rubber compression sections. These are also included in the precision moulded cog structure, which provides increased flexibility over small, high-speed pulleys and enables cooler operation.

     

    COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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