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Research and Markets: Strategic Analysis of the North American Heavy-Duty (Class 4-8 Truck) Repair Industry

DUBLIN--Research and Markets (http://www.researchandmarkets.com/research/17120e/strategic_analysis) has announced the addition of Frost & Sullivan's new report "Strategic Analysis of the North American Heavy-Duty (Class 4-8 Truck) Repair Industry" to their offering.

“Strategic Analysis of the North American Heavy-Duty (Class 4-8 Truck) Repair Industry”

This Frost & Sullivan research service titled Strategic Analysis of the North American Heavy-duty (Class 4-8 Truck) Repair Industry provides overview of the heavy-duty (HD) industry, its top challenges, demand drivers, and restraints, and the impact of regulations and new technologies. The study also analyzes emerging demand for heavy-duty service, scrutinizes the existing and potential HD repair opportunities, and delivers strategic insights for industry participants. In this research, Frost & Sullivan's expert analysts thoroughly examine the following aftermarkets: remanufactured engine and transmission, chassis components, heating, ventilation, and air conditioning (HVAC) components, exhaust components, aftertreatment components and services, starters and alternators, and others.

Market Overview

Greater Maintenance Requirements of a Higher Number of EPA 2010-Compliant Trucks to Boost HD Repair Industry

Truck owners have been playing safe in the current economic climate by reducing the average miles driven at a compound annual rate of 0.3 percent in a bid to lower truck maintenance expenditure. This dip in service orders has had a telling effect on the number of HD service locations and has shrunken the pool of skilled technicians in this line of work. However, the HD repair industry can take heart from the increasing number of trucks entering the repair phase between 2008 and 2012. As Class 4-8 trucks in operation are forecast to grow at a compound annual growth rate (CAGR) of 1.1 percent, there will be a greater need for repair work, which could generate demand for more numbers of HD service locations and technicians, says the analyst of this research. Moreover, the rising complexity of Environmental Protection Agency (EPA) 2010 compliant trucks puts the spotlight on technician knowledge management issues.

Despite the shortage of workers and cost-saving measures of truckers, the HD aftermarket will feel buoyed by the spurt in repair opportunities brought about by the hike in truck sales from 2004 to 2006 and the rolling out of more EPA 2010-compliant trucks. As more of these trucks join the Class 4-8 truck parc and require aftermarket support, service, and maintenance, the total aftermarket revenues contributed by EPA 2010 regulation-compliant trucks will grow considerably between 2008 and 2012. This is because most HD parts enter the repair cycle between three and six years. This places additional pressure on the repair industry to hire skilled workers. In such circumstances, the laying off of technicians in the light vehicle market could prove to be a boon, as the HD industry could attract them to its fold for repairing the more complicated 2010 EPA-compliant trucks.

The repair industry is well positioned to sustain its growth momentum, as the rising average age per truck has escalated the demand for aftermarket repair. Moreover, the growing demand for vocational trucks has intensified the revenue inflow of the HD repair industry. Further, a combination of high raw material costs and technology advancements hikes prices, expanding industry participants margins, notes the analyst. The original equipment spares (OES) channel can also make the most of the favorable market conditions and grow by capitalizing on proprietary OE technology.

Market Sectors

Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:

  • Remanufactured engine and transmission
  • Starters and alternators
  • HVAC components
  • Chassis components
  • Exhaust and aftertreatment components

Key Topics Covered:

1. Executive Summary

2. Introduction and Overview of the North American HD Repair Industry

3. Demand Analysis

4. Top Challenges, Drivers, and Restraints

5. Impact of Regulations

6. Understanding Emerging Heavy-duty Service Demand

7. Defining Existing Commercial Vehicle Repair Opportunities

8. Defining Emerging Commercial Vehicle Repair Opportunities

9. Component Replacement Demand

10. Conclusion

11. Abbreviations

12. Decision Support Database

13. About Frost & Sullivan

For more information visit http://www.researchandmarkets.com/research/17120e/strategic_analysis