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Strategic Overview of the North American Heavy Duty Truck AftermarketPublished by: Frost & Sullivan Published: Feb. 29, 2008 - 54 Pages Table of Contents
AbstractThis Frost & Sullivan research service titled Strategic Overview of the North American Heavy Duty Truck Aftermarket aims to educate the reader on the key issues, challenges, opportunities, and trends that are shaping the aftermarket for medium and heavy-duty trucks in North America. This deliverable offers insights into key parameters that define the aftermarket’s perimeter and analyzes the issues and trends that are expected to influence this market’s growth and development in the years to follow.This analysis is available through our Automotive & Transportation Growth Partnership Service program. With this program, clients receive industry-leading market research such as this, along with technical and econometric data and many interactive features including Analyst Inquiry Time and Client Council. Market Overview Growth Opportunities amidst Challenges The North American heavy-duty truck aftermarket is passing through a phase that offers tremendous growth opportunities for both the product and services segments. While the distribution channel is changing in response to the dynamics of the competitive landscape, products are experiencing pressures emanating from increasing electronic content and the introduction of proprietary technologies by truck makers. Fuel price volatility, rising operating costs, technology complexity, inventory management issues, and increasing influence of original equipment manufacturers (OEMs) in this market are not only presenting unique challenges to market participants but also creating attractive growth opportunities for the proactive and innovation-centric companies in this segment. Remanufactured Engines gaining Market Share With regard to market segments, the rebuilt engine aftermarket is expected to lose market share to the remanufactured engine aftermarket. The remanufactured engines aftermarket is brand-oriented, with fleets reverting to the engine remanufacturer for repair and replacement. This apart, the remanufactured clutch segment generated more revenues than the new clutch segment in 2007. However, the remanufactured clutch segment is expected to lose revenue share over the forecast period because self-adjusting clutches have advanced self-adjustment mechanisms, parts for which are not readily available in the aftermarket. "Given the supplier consolidation and vertical integration activities shown by the truck manufacturers, independent distributors, and service providers, manufacturers must focus on developing expertise in advanced powertrain, chassis, safety, telematics, and emission-related technologies to gain greater proximity to OEMs and complement their product planning processes," says the analyst. "This will enable them to not only mitigate the challenge posed by vertical integration but also develop unique and specific competencies that will insulate their businesses from industry-wide consolidations." Get Full Details About This Report >> |
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