Global Medium / Heavy Utility Vehicle Aftermarket Outlook, 2021


The COVID-19 pandemic has affected industries around the world, but few have felt it as directly as the global commercial vehicle aftermarket. The collapse of economic activity in many regions has reduced the number of trucks on the road and the average number of kilometers driven.

New York, September 29, 2021 (GLOBE NEWSWIRE) – announces the publication of the report “Global Medium / Heavy Commercial Vehicle Aftermarket Outlook, 2021” – = GNW

It has also caused a shortage of skilled labor of truck drivers, repair technicians and other workers necessary to keep the aftermarket industry thriving. The objective of this study is to identify the size of the global medium / heavy commercial vehicle aftermarket and its growth opportunities in 2021, given the unique challenges posed by the pandemic recovery.

Commercial vehicles include medium and heavy highway trucks. Revenue includes parts only and excludes service.

Revenues are measured at the manufacturer level and are expressed in US dollars. This research is the culmination of the work of analyst analysts spread around the world. Frost & Sullivan analysts have used several sources and statistical analyzes on markets where information is missing to increase the level of confidence in research results. Revenues are presented at the manufacturer, distributor and end user level. The markets covered are the United States, Canada, Mexico, Brazil, Argentina, United Kingdom, Germany, France, Italy, Spain, Russia, Turkey, Saudi Arabia, South Africa, India, Japan, Thailand, Australia, Taiwan and China. . Research focuses on the impact of connected trucks on vehicle maintenance. This includes the penetration of truck telematics by region as well as an analysis of the services offered. Growth opportunities and companies in action are also covered. The research includes a global economic outlook with key trends for 2020 and forecasts for 2021, as well as an analysis of the COVID-19 pandemic in each region. It identifies the major factors that will influence the size of the global commercial vehicle aftermarket, as well as how the outlook for the industry will vary from region to region. The findings cover global commercial vehicle secondary market developments in 2020 that will impact the market in 2021. Data sources include primary and secondary research, existing Frost & Sullivan studies, statistical modeling and analysis. Other exhibits include analyzes of spending per vehicle and market attractiveness. To determine the attractiveness of the market, the analyst analyzed each of the 20 countries for their growth prospects, barriers to entry and economic competitiveness. The research ends with key findings and the outlook for 2021.
Author: Stephen Spivey
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