Heavy-Duty Automotive Aftermarket Exhibiting A 4.5% CAGR From 2018 To 2025: Grand View Research Inc.
San Francisco, 8 March 2019: The Report Heavy-duty Automotive Aftermarket Analysis Report By Vehicle Type, By Replacement Part (Tires, Brake Parts, Turbochargers), By Service Channel (DIFM, DIY), By Region, And Segment Forecasts, 2018 - 2025 The global Heavy-duty Automotive Aftermarket size is anticipated to reach USD 155.8 billion by 2025, according to a new report by Grand View Research, exhibiting a 4.5% CAGR during the forecast period. Increasing presence of older, more outdated trucks is leading to rise in demand for replacement parts, which in turn, drives the heavy-duty automotive aftermarket. Other factors expected to drive the market include greater wear and tear of vehicles due to frequent use, growth in number of vehicles, and durability of components. Connected trucks are embedded with IoT sensors that enable fleet management companies to obtain real-time data on the condition of replacement parts in trucks. Thus, digitalization and IoT have helped drivers gain insig...