The US dominates the North American automotive aftermarket for powertrain components, accounting for 86% of overall sales, or $10.3 billion, in 2016. Through 2021, US aftermarket demand for engine, transmission, and drivetrain components will rise 1.6% per year, a slight uptick from the 2011-2016 period but trailing advances in the smaller Canadian and Mexican markets. These and other trends are presented in Automotive Aftermarket in Powertrain Components in North America, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Factors promoting aftermarket sales of powertrain components in the US include:
- increases in the size and the average age of the light vehicle park, the latter of which stood at 11.4 years in 2016
- climatic extremes, including snow in some regions and heat in others
- technological improvements, such as the incorporation of computers and sensors, that raise the average per-unit cost of repairs and replacements
- growth in the total number of light vehicles involved in accidents
Sales growth will be restrained by:
- technological improvements that reduce the frequency of maintenance and replacement intervals
- increased reliability and durability of many powertrain components
Automotive Aftermarket for Powertrain Components in North America (published 03/2017, 127 pages) is available for $4900 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email pr@freedoniagroup.com.
Related studies include:
- #3480 Gasket & Seal Market in the US, 12th edition (December 2016)
- #3458 Rechargeable (Secondary) Batteries (September 2016)