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Opportunities Rise in the North American Aftermarket for Class 6 to 8 Emissions Control and Aftertreatment Components Finds Frost & Sullivan - Frost & Sullivan finds original equipment suppliers with strong technical capabilities and control over proprietary information will dominate - Frost.com
Opportunities Rise in the North American Aftermarket for Class 6 to 8 Emissions Control and Aftertreatment Components Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2015/11/12 - Frost & Sullivan finds original equipment suppliers with strong technical capabilities and control over proprietary information will dominate - Frost.com.

   
 
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The emissions control and aftertreatment components and services segment are expected to emerge as the fastest-growing branch of the North American Class 6 to 8 truck aftermarket over the next six years. The large installed base and increasing number of vehicles in operation will spur replacement opportunities and attract new market participants.

New analysis from Frost & Sullivan, Strategic Analysis of the North American Class 6-8 Emissions Control and Aftertreatment Components Aftermarket, finds up to 2 million Class 6 to 8 trucks will enter the aftermarket for emissions control and aftertreatment components, driving manufacturer-level revenue from an estimated $308.7 million in 2014 to $694.8 million in 2020. The study covers exhaust gas recirculation (EGR) valves, EGR coolers and diesel particulate filters (DPFs).

“The first batch of trucks outfitted with EGR valves, EGR coolers and DPFs since 2007 is exiting the warranty period,” said Frost & Sullivan Intelligent Mobility Research Analyst Anuj Monga. “These components will require continuous maintenance and periodic replacement, spawning new revenue streams in the Class 6 to 8 truck aftermarket.”

The biggest challenge for component vendors is the high barrier of entry, due to the nascence of the market and the complexity of the technology. Moreover, most capabilities and technical knowledge rest with original equipment suppliers (OES); giving independent aftermarket stakeholders a disadvantage.

Although the OES channels have the lion’s share of the aftermarket, they will face intense competition from independent manufacturers once the vehicle warranty periods expire. Independent aftermarket companies have been relegated to DPF cleaning and periodic services will begin to stake a greater claim to the market.

“DPF cleaning is an extremely lucrative market segment in itself,” noted Monga. “Therefore, aftermarket companies capable of remanufacturing DPFs and related components for heavy-duty engines will garner substantial profits and establish a niche for themselves in the North American Class 6 to 8 emissions control and aftertreatment components aftermarket.”

Strategic Analysis of the North American Class 6 to 8 Emissions Control and Aftertreatment Components Aftermarket is part of the Automotive & Transportation Growth Partnership Service program. Frost & Sullivan’s related studies include: Vehicle-sharing Technologies Market, North American Automotive OES Channel, North American Category Management Report: Class 1-8 Starters and Alternators, Future of Parts and Service Retailing in the Automotive Aftermarket. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.

The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Strategic Analysis of the North American Class 6-8 Emissions Control and Aftertreatment Components Aftermarket / NCE6-18

 
 
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Opportunities Rise in the North American Aftermarket for Class 6 to 8 Emissions Control and Aftertreatment Components Finds Frost & Sullivan

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Frost & Sullivan | Automotive Aftermarket
Publisher Contact: Kayla Belcher - Frost.com 
210-247-2450 kayla.belcher[.]frost.com
 
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