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SUMMARY
Aftermarket demand to grow 4.7% annually
The US aftermarket for medium- and heavy-duty (MD/HD) components and parts is
projected to increase at an annual rate of 4.7 percent, reaching $12.6 billion
by 2010. This rate represents a slight demand increase compared to historical
trends, with some segments of the market such as electronics and emissions
controls expected to experience faster growth. Aftermarket revenue growth will
result from both the expected increases in the overall truck park and strong
US economic performance over the next five years. Growth will be constrained
by product improvements made by the original equipment manufacturers (OEMs) of
MD/HD vehicles. As new trucks replace old, the requirements for maintenance-
and overhaul-related parts and components will decline. However, new exhaust
emissions control systems -- especially those mandated for diesel engines --
will provide new opportunities for MD/HD suppliers.
Mechanical products to remain largest category
The largest product category in the aftermarket will continue to be mechanical
products, which include non-electric/electronic engine hard parts and chassis,
drivetrain and suspension parts and components. However, growth will be
limited by the improved part quality of these already highly durable products,
as well as by the expected purchase of new vehicles over the next five years,
which will reduce the overall MD/HD truck park's age and repair requirements.
Electronic parts and components will witness the highest annual growth, a
direct result of the continued transformation of the MD/HD truck from a
mechanical machine with electronic enhancements into a software-driven device.
Demand for electronic controls and modules will be strong, as will continued
demand for telematics-related fleet management equipment. Replacement rates
for electrical parts will remain stable, with some categories seeing demand
suppressed due to new technologies such as highly durable light emitting diode
(LED) lighting. Finally, growth in the exterior and structural parts category
will remain relatively strong, as this category is heavily influenced by tire
sales.
TABLE OF CONTENTS
Executive Summary
Market Environment
- General
- Macroeconomic Environment
- Truck Supply & Demand Dynamics
- Vehicle Park
- Pricing Trends
- Technology & Materials Trends
- Foreign Trade & International Issues
- Global Aftermarket Parts
- Trends in Foreign Trade
INDUSTRY TRENDS
- General
- Medium & Heavy Truck Industry Trends
- The Trend toward Integration
- Light Vehicle Aftermarket Differences
- Component Rebuilders
- Vehicle Quality Improvements
- Legal & Regulatory Trends
- Spark Ignition Engine Technology
- Basic Spark Ignition Engine Operation
- Spark Ignition Engine Overview
- Diesel Engine Technology
- Basic Diesel Engine Operation
- Emission Control Technology
- Fuel System Enhancements
- Turbocharging & Charge Air Cooling
- After-Treatment Devices
- Electronic Engine Controls
- Diesel Fuel Enhancements
- Other Technologies
MECHANICAL PRODUCTS AFTERMARKET
- General
- Engines & Parts
- Brake Parts
- Steering & Suspension Components
- Drivetrain Components
- Transmissions/Parts/Clutch Assemblies
- Fuel System Components
- Cooling System Components
- Exhaust/Emission System Components
- Filters
EXTERIOR & STRUCTURAL PRODUCTS AFTERMARKET
- General
- Tires
- Windows & Glass
- Other
ELECTRICAL/ELECTRONIC PRODUCTS AFTERMARKET
- General
- Electronics Products Aftermarket
- Telematics, Navigation & Fleet
- Electronic Controls, Modules & Sensors
- Other Electronic Products
- Electrical Products Aftermarket
- Batteries
- Charging & Starting Equipment
- Lighting Equipment
- Other Electrical Products
MEDIUM & HEAVY TRUCK AFTERMARKET BY PERFORMER
- General
- In-House Service Providers
- Outsourced Service Providers
- Independent Garages
- Truck Dealerships
- Other
INDUSTRY STRUCTURE
- General
- Industry Composition & Market Share
- Merger/Acquisition/Industry Restructuring
- Product Development & Manufacturing
- Marketing
- Distribution
- Financial Issues & Requirements
- Strategic Partnerships
- Company Profiles
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