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The global heavy-duty automotive aftermarket market was valued at US$ 120.5 Billion in 2020.
The expanding automotive sector and the rising integration of Internet-of-Things (IoT) sensors with advanced tracking technologies in heavy-duty vehicles represent some of the factors driving the global heavy-duty automotive aftermarket market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of manufacturing the heavy-duty vehicle components, with decrease in the demand based on unavailability of sufficient fund, thereby negatively impacting the overall market growth.
Based on the vehicle type, the global heavy-duty automotive aftermarket market can be segmented into Class 4 to Class 6 and Class 7 and Class 8. Currently, Class 7 and Class 8 holds the majority of the total market share.
Based on the service channel, the global heavy-duty automotive aftermarket market has been segregated into DIY, OE seller, and DIFM. Among these, DIFM currently represents the largest segment.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global heavy-duty automotive aftermarket market include 3M Company, Atc Drivetrain, LLC, Continental Aktiengesellschaft, DENSO CORPORATION, Detroit Diesel Corporation, Dorian Drake International Inc., Dorman Products, Inc., Federal-Mogul Products US LLC, Instrument Sales and Service, Inc., UCI International, LLC, etc.
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