Heavy-duty Automotive Aftermarket Market By Type (Class 4 to Class 6, and Class 7 to Class 8), By Application (DIY, OE Seller, and DIFM), and By Region- Trends, Analysis and Forecast till 2034

Heavy-duty Automotive Aftermarket Market was valued at USD 147.2 billion in 2024 and is projected to grow at a CAGR of 4.1% to reach USD 211.7 billion by 2034.

Heavy-duty automotive aftermarket describes the after-sales secondary market within the automobile industry, mainly focusing on heavy-duty vehicle components. The manufactures retrofit, replaces, and distributes automotive equipment, tires, exhaust components, lubricants, appearance items, and accessories. Several heavy-duty automotive aftermarket items allow mechanical and electrical components to be remanufactured or reinstalled, reducing costs and extending the vehicle's life.

Growing technical developments, including the creation of connected and autonomous trucks and improvements in data analytics, telematics, and diagnostic tools, have grown significantly in the heavy-duty automotive aftermarket. These developments enable more cost-effective repairs, predictive maintenance, and improved vehicle monitoring, which is anticipated to drive demand during the projection period.

OEMs can now sell directly to clients worldwide because automotive component supplier services have an internet presence. Digitization and expanding IoT technologies in component life monitoring are expected to positively impact market growth. Rising labor and component prices and potential economic volatility are the main reasons restraining the target market.

Heavy-duty Automotive Aftermarket Market Key Drivers:

Growing necessity for heavy-duty automobiles  

• The decreasing lifespan of the fleet of heavy-duty vehicles is one of the major contributing factors. The need for aftermarket goods and services is increasing due to these vehicles' aging and increased need for maintenance and replacement parts. Because more heavy-duty vehicles are on the road, there is a growing need for replacement parts. Because car owners want to maintain their vehicles in good operating order, this is helping to fuel the expansion of the aftermarket sector.

Emergence and growth of digitalization and e-commerce platforms throughout the globe  

• The rise of the heavy-duty automobile aftermarket industry is mainly driven by digitalization and e-commerce. Online markets and e-commerce platforms specializing in heavy-duty vehicle parts have emerged due to digitalization. A wide range of aftermarket components and goods from suppliers and manufacturers are accessible through e-commerce platforms. Consumers can access a broader range of products than in conventional physical stores.

Heavy-duty Automotive Aftermarket Market Restrains:

Elevated labor and individual component prices 

• Growing raw material costs, technological advancements in parts, and possible labor shortages can all contribute to rising repair costs for heavy-duty vehicles. Additionally, financial crises may result in decreased investment in maintenance and repairs, which may affect the expansion of the heavy-duty vehicle aftermarket market.

Heavy-duty Automotive Aftermarket Market Opportunities:

• Companies now have more accessible and affordable ways to approach clients because of the growth of e-commerce channels. Businesses can increase revenue by attracting and retaining customers by developing creative e-commerce solutions and investing in their online presence. Companies can expand their reach, access new markets, and become more competitive in the heavy-duty automotive aftermarket industry by forming strategic alliances and mergers. Partnering with other businesses can give them access to new markets, technology, and knowledge. Companies may also increase client loyalty and set themselves apart from rivals by concentrating on customer service and satisfaction.

Heavy-duty Automotive Aftermarket Market is segmented based on type, application, and region.

Type Insights

• Class 4 to Class 6: The Class 4 to Class 6 type includes lighter-duty vans and vehicles generally utilized for vocational, construction, and regional delivery. In this market, the installation of safety and driver assistance technologies, including lane departure warning, backup cameras, and collision avoidance, is on the rise.
• Class 7 to Class 8: The Class 7 to Class 8 segment is a dominating segment of this sector for the target market. It includes heavier-duty trucks made to carry large loads over long distances. Stricter emissions laws are driving the aftermarket emissions control technology market in class 7 to class 8 automobiles. Telematics and fleet management system integration are also expanding in this market.

Application Insights

• DIY: DIY application type includes owners of automobiles who maintain, fix, and customize their vehicles without depending on experts in mechanics or other service providers.
• OE Seller: Original Equipment (OE) sellers play a crucial role in the heavy-duty automobile aftermarket by providing authentic replacement parts made by original vehicle manufacturers (OEMs) or their designated dealers.
• DIFM: The DIFM application type is a dominating segment of this sector for the target market. In the DiFM segment, professional technicians or service providers undertake services and maintenance on behalf of fleet operators or vehicle owners. This section is essential for individuals who would rather not do their own auto maintenance and repairs.

Regional Insights:

Heavy-duty Automotive Aftermarket Market Regional Insights

• The North American market is estimated to witness substantial growth due to rising demand for electric vehicles and high disposable income in this region, all contributing to the market's expansion.
• The Asia Pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to the increasing demand for heavy-duty vehicles, including trucks, buses, and construction equipment, due to fast urbanization and infrastructural development. The need for aftermarket components and services has increased due to the expansion of infrastructure projects.
• The European market is expanding steadily, along with greater technological advancements in heavy-duty automobile components, which is anticipated to propel the target market over the projection period.
• Latin America is an emerging region facilitated by expanding economies and rising infrastructure project funding. It also observes growing demand owing to cost considerations for refurbished and used parts.
• The The Middle East and Africa market is in its developmental stages, with expanding economies and rising investments in the logistics and transportation industries. It is also experiencing an increasing need for heavy-duty trucks in the oil and gas, mining, and construction industries.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the Heavy-duty Automotive Aftermarket Market report based on type, application, and region:

Heavy-duty Automotive Aftermarket Market, By Type:

• Class 4 to Class 6
• Class 7 to Class 8

Heavy-duty Automotive Aftermarket Market, By Application:

• DIY
• OE Seller
• DIFM

Heavy-duty Automotive Aftermarket Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Heavy-duty Automotive Aftermarket Market include 3M Company, ATC Technology Corp, Continental AG, Denso Corporation, Detroit Diesel Corporation, Dorian Drake International Inc., Dorman Products, Federal-Mogul LLC, Instrument Sales and Service, Inc., Remy International Inc.

• On March 6, 2024, Stellantis N.V., one of the world’s leading automakers, announced partnership with NEXUS Automotive International, the automotive aftermarket (AA) company, for boosting parts and aftersales services developments at global level. The partnership aims to further boost Stellantis’ aftersales brands while leveraging NEXUS’ established global distribution presence to significantly accelerate in the independent aftermarket channel, starting with North America, Middle East, and Asia Pacific.

• 3M Company *
• ATC Technology Corp
• Continental AG
• Denso Corporation
• Detroit Diesel Corporation
• Dorian Drake International Inc.
• Dorman Products
• Federal-Mogul LLC
• Instrument Sales and Service, Inc.
• Remy International Inc.