- The heavy duty aftermarket is estimated to witness considerable growth in the future. Heavy duty vehicles are very effective in capital intensive projects. Increasing demand for heavy duty aftermarket owes to growing infrastructure activities worldwide.
For Market Research Report on “Heavy Duty Aftermarket” Visit – http://www.grandviewresearch.com/industry-analysis/heavy-duty-aftermarket-analysis
Global aftermarket is supported by aging vehicles. Infrastructural developments tend to increase the market growth over the coming years. Raising the need to transport industrial products that require heavy vehicles is expected to increase the demand for the heavy duty aftermarket in the next five years.
The factors driving the market are off-shore sourcing & sales computerized management systems, increased durability and improvements in communication technology. Outsourced service providers are predicted to dominate the aftermarket. However, emissions of hazardous gases from heavy duty vehicles are likely to restrain the heavy duty aftermarket.
The heavy duty aftermarket can be sliced into types and geographies. On the basis of types, the market is segmented into vans, heavy duty on road full size pickup trucks, buses and tractors and vocational vehicles. Vocational vehicles can be divided into dump trucks, service trucks, cement trucks and freight trucks.
Globally, the heavy duty aftermarket is split into North America, Asia Pacific, Europe and rest of the world (ROW). Asia Pacific is expected to emerge as a strong participant for the heavy duty aftermarket. This is as a result of China being the largest producer of automotives. North America is expected to show steady growth for the heavy duty aftermarket.
This is owing to advanced manufacturing technology in this region. Growing demand for heavy duty vehicles from consumer sectors is likely to propel further demand for the market.
Information Source: Grand View Research
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