Heavy Duty Truck Parts Dealers in the US - Industry Market Research Report
Description
Heavy Duty Truck Parts Dealers in the US
The Heavy Duty Truck Parts Dealers industry has experienced an overall decline in revenue in recent years. Industry revenue has benefited from an increase in the average age of vehicle fleet, which increased demand from truck repair and maintenance service providers. However, truck manufacturers demanded fewer heavy duty truck parts during the period, harming revenue growth. The COVID-19 pandemic negatively affected industry revenue, with steel prices increasing and demand from downstream markets decreasing in 2020. While overall positive trends are expected to have supported industry revenue in the years following 2020, the industry has not yet fully recovered. IBISWorld estimates industry revenue has been decreasing at a CAGR of 2.3% over the past five years, and is expected to reach $21.3 billion in 2023. In the same year, revenue is expected to grow 1.5%.
Operators in this industry primarily engage in the merchant wholesale distribution of truck parts and supplies for heavy duty and commercial trucks. Products include engine parts, differentials, transmissions, suspensions and cabs. New tires and tubes are excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Heavy Duty Truck Parts Dealers industry has experienced an overall decline in revenue in recent years. Industry revenue has benefited from an increase in the average age of vehicle fleet, which increased demand from truck repair and maintenance service providers. However, truck manufacturers demanded fewer heavy duty truck parts during the period, harming revenue growth. The COVID-19 pandemic negatively affected industry revenue, with steel prices increasing and demand from downstream markets decreasing in 2020. While overall positive trends are expected to have supported industry revenue in the years following 2020, the industry has not yet fully recovered. IBISWorld estimates industry revenue has been decreasing at a CAGR of 2.3% over the past five years, and is expected to reach $21.3 billion in 2023. In the same year, revenue is expected to grow 1.5%.
Operators in this industry primarily engage in the merchant wholesale distribution of truck parts and supplies for heavy duty and commercial trucks. Products include engine parts, differentials, transmissions, suspensions and cabs. New tires and tubes are excluded.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
41 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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