US HEAVY DUTY RETAIL PARTS MARKET

INTRODUCTION

Online sales of automotive parts and components are increasing, and the market for aftermarket automotive parts and components in the US is expanding as more hybrid and electric vehicles hit the road. This covers accessories, aftermarket components, and replacement parts.

As a result, the big market participants now have profitable chances thanks to this pandemic. The sale of plug-in electric vehicles has been rising in the United States due to the automotive industry's ongoing shift towards e-mobility.

US HEAVY DUTY RETAIL PARTS MARKET DEVELOPMENTS AND INNOVATIONS

A number of production halts in the manufacturing sector caused by lockdowns and travel restrictions enforced by governments throughout the world are to blame for the market's dire situation. The manufacture of automotive parts and components on the market is impacted by the disruption of the supply chain for the completely automotive sector.

However, the market is anticipated to increase steadily since there is a strong correlation between the success of automakers, who are the biggest consumers of industry products, and the demand for auto parts production. One of the main elements propelling the rise is the benefits of genuine replacement components.

The sale of plug-in electric vehicles has been rising in the United States over the past few years because of the automotive industry's ongoing transition to e-mobility. Electric vehicles have a lot less parts than conventional powertrain automobiles, which have more than 2,000.

COMPETITIVE LANDSCAPE

Customers can now get authentic, original quality parts at affordable costs thanks to the widespread availability of heavy-duty vehicle parts across a variety of e-commerce platforms, which is also boosting the market's expansion.

The introduction of several cutting-edge services, like as telematics and mobility services, as a result of technology advancements has also contributed to the growth of the heavy-duty industry. While this is going on, other well-known e-commerce giants like eBay and Amazon continue to provide their services online. 

Auto Retails is a global scale and European developer of the retail parts systems in the market. It has brought in the with an integrated colour temperature of up to 6000K and a fashionable cool white, the Osram H8/ H11/ H16 46211CW LED is ideal for fog lamps and offers superior visibility and +80 percent more lumens than the minimum ECE R37 criteria with improved light dispersion.

Futuristic design has been incorporated as part of the integration with the German lighting specialist to maintain a cool environment and stable light output.

Aptiv PLC is part of the component manufacture trending companies in the current industry.  With advancements in high voltage, data connections, electrical centres, safety-critical connectors, and much more, it has introduced enhanced connection solutions to make automobiles safer, greener, and more connected.

The future generation of hybrid and electric vehicles will require high-performance, high power connectors and charging systems, which are being developed by this company. Furthermore, Safety Restraint System connectors have impact reaction speeds that surpass those of conventional car connection systems.

COMPANIES PROFILED

• Adient plc
• Aptiv PLC
• Continental AG
• DENSO Corporation
• Faurecia
• Flex-N-Gate Corporation
• Toyota Motor Corporation
• BayoTech
• Siemens Energy