Global Heavy-Duty Automotive Aftermarket Market Report, History and Forecast 2016-2027, Breakdown Data by Companies, Key Regions, Types and Application

The automotive aftermarket is the secondary market of the automotive industry, concerned with the manufacturing, remanufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, equipment, and accessories.
Asia Pacific emerged as the leading regional market in terms of revenue in 2019. Rise in number of trucks in developing nations such as China and India is expected to drive demand for aftermarket components over the forecast period. China is the largest consumption region with a share of 33.2% in 2019.

Market Analysis and Insights: Global Heavy-Duty Automotive Aftermarket Market
The research report studies the Heavy-Duty Automotive Aftermarket market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Heavy-Duty Automotive Aftermarket market size is projected to reach US$ 168460 million by 2027, from US$ 117160 million in 2020, at a CAGR of 5.3% during 2021-2027.

Global Heavy-Duty Automotive Aftermarket Scope and Segment
The global Heavy-Duty Automotive Aftermarket market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Heavy-Duty Automotive Aftermarket market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2016-2027.

Segment by Type
Class 4 to Class 6
Class 7 and Class 8
The segment of class 7 and class 8 dominated the market with a share of 70.5% in 2019 and is expected to retain its dominance through 2026.

Segment by Application
DIY
OE Seller
DIFM
On the basis of service channel, the market has been segmented into do it yourself (DIY), do it for me (DIFM), and original equipment (OE) seller. The DIFM segment dominated the market with a share of 75.2% in 2019 and is expected hold a majority share over the forecast period.

By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE

By Company
Bridgestone
Michelin
Continental
Goodyear
Bosch
Tenneco
ZF
Denso
3M Company
Delphi