News

U.S. Leads Automotive Aftermarket, Study Finds

Issued at 2017-03-29



 new five-year outlook study finds that U.S. demand will dominate the North American automotive aftermarket. In 2016, for example, domestic buyers accounted for 86% or $10.3 billion of overall sales. Through 2021, U.S. aftermarket demand for engine, transmission, and drivetrain components will increase 1.6% annually, just above the rate for 2011-2016, but less than the rate of increase in the Canadian and Mexican markets.


The Freedonia Group’s research report, Automotive Aftermarket in Powertrain Components in North America, is available for purchase

The details are offered in The Freedonia Group’s new research report, Automotive Aftermarket in Powertrain Components in North America.

The study presents historical demand data (2006, 2011 and 2016) and forecasts (2021 and 2026) by product category (transmissions and parts; engines and parts; drivetrain components), country (U.S., Canada, Mexico), and demand source (professional and consumer/DIY). It also evaluates market share and competitive analysis for aftermarket industry suppliers, including Federal-Mogul, GKN, GM, Jasper Engines & Transmissions, Schaeffler, ZF Friedrichshafen.

While 'engines and parts' and 'drivetrain components' had comparatively smaller shares of the North American powertrain aftermarket in 2016, 'transmissions and parts' had the largest share of the regional demand in 2016.

Over the past decade, technological improvements in transmission and part designs have improved product durability, reducing the frequency of replacement.

Meanwhile, several factors are shaping demand for U.S. aftermarket powertrain parts, including the increasing size and average age of light vehicles; a wide range of climate conditions shaping different powertrain requirements; technological improvements (e.g., computers and sensors) that raise the average per-unit cost of repairs and replacements; and a rising number of light vehicles involved in accidents.

Automotive Aftermarket in Powertrain Components in North America is available for purchase. Learn more at www.freedoniagroup.com


Source: Foundry Management and Technology



Related News