Global Heavy-duty Automotive After Market Size & Outlook
The heavy-duty automotive afterindustry industry worldwide is expected to reach a projected revenue of US$ 168,030.1 million by 2030. A compound annual growth rate of 4.2% is expected of the worldwide heavy-duty automotive afterindustry industry from 2024 to 2030.
Revenue, 2023 (US$M)
$126,041.9
Forecast, 2030 (US$M)
$168,030.1
CAGR, 2024 - 2030
4.2%
Report Coverage
Worldwide
Global heavy-duty automotive aftermarket market, 2017-2030 (US$M)
Related Markets
Global heavy-duty automotive aftermarket market highlights
- The global heavy-duty automotive aftermarket market generated a revenue of USD 126,041.9 million in 2023 and is expected to reach USD 168,030.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
- In terms of segment, tire accounted for a revenue of USD 27,651.4 million in 2023.
- Turbochargers is the most lucrative replacement part segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 126,041.9 million |
| Market revenue in 2030 | USD 168,030.1 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Turbochargers |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers |
Other key industry trends
- In terms of revenue, the North America accounted for 23.5% of the global heavy-duty automotive aftermarket market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 24,047.7 million by 2030.
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Heavy-duty Automotive Aftermarket Market Scope
Heavy-duty automotive aftermarket market segmentation & scope
Others
Heavy-duty Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global heavy-duty automotive aftermarket market size, by regions, 2017-2030 (US$M)
Top 10 countries: Heavy-duty automotive aftermarket market size, 2023 (US$M)
Global heavy-duty automotive aftermarket market share, by replacement part, 2023 & 2030 (%, US$M)
Heavy-duty automotive aftermarket market: Opportunity assessment by country
Global heavy-duty automotive aftermarket market, by region, 2023 (US$M)
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