Syndicated Research Studies

Heavy-Duty Automotive Aftermarket Industry Growth & Trends The global heavy-duty automotive aftermarket industry size is anticipated to reach USD 186.39 billion by 2030, registering a CAGR of 3.79% from 2023 to 2030, according to a new report by Grand View Research, Inc. Heavy-duty vehicles are used extensively and directly in capital-intensive projects. Increasing requirements for new infrastructure have enhanced demand for such construction vehicles. Growing demand for heavy-duty vehicles is anticipated to increase aftermarket demand as these vehicles frequently need pricey parts for maintenance and repair. Vehicle aging is anticipated to support aftermarket demand globally. Infrastructure development activities are directly tied to market growth. The number of vehicles, the longevity of the components, how often the vehicle is used, and the age of the vehicle are the main determinants of the demand for heavy-duty replacement parts. The aftermarket includes a vast array of ...