Freedonia In The News
Article Title: Healthy Prognosis
By: Jennifer Karpus
Publication: Tire Business, 9/12/2012
Freedonia Study: Automotive Aftermarket in North America (2927)
Quote from article
Mechanical products, such as automotive filters, brake parts, drivetrain components, engine hard parts and transmissions, are projected to still be the largest aftermarket segment, accounting for 38 percent of all sales in 2016.
Mr. Steinbock explained that unlike some of the other segments, tires are not an optional aftermarket product. To work correctly, all vehicles need properly performing tires.
He also noted that the number of vehicles—especially light vehicles that the study reported on—in use is increasing. Thus the number of tires needed is increasing as well because tires need to be changed every six years or so.
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