by Corinne Gangloff
March 1, 2018
The North American truck aftermarket for electrical and electronic products will expand 4.3% per annum through 2021 to US$8.6 billion. Sales are nearly evenly split between the two major product segments: electrical and electronic. Government regulation of proper lighting protocol and vehicle idling will boost replacement demand and associated dollar gains. This and other trends are presented in North American Medium- & Heavy-Duty Truck Aftermarket, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Sales will be fueled by:
Aftermarket demand for all types of medium- and heavy-duty truck components in North America is forecast to expand 3.5% per year through 2021, accelerating from the slower growth posted between 2011 and 2016, when a drop in the value of the Mexican peso and Canadian dollar dampened regional market gains in US dollar terms.
The US, home to two-thirds of the region’s total medium- and heavy-duty truck stock, will account for over half of regional medium- and heavy-duty truck aftermarket sales gains through 2021. Demand gains in Mexico will outpace those in the US and Canada due, in part, to double-digit growth in class 8 vehicle sales in Mexico since 2014, boosting the size of Mexico’s medium- and heavy-duty truck park.
North American Medium- & Heavy-Duty Truck Aftermarket (published 2/2018, 244 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 [email protected].
Related studies include:
#3578 North America Automotive Aftermarket Competitor Analysis (11/17)
#3577 North America Automotive Aftermarket, 8th Edition (11/17)
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