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Fleet Operators - Upgrading Truck Drives Class 6-8 Truck Powertrain Systems & Components Aftermarket - New analysis from Frost & Sullivan reveals that revenues in the North American Class 6–8 Truck Powertrain Systems and Components Aftermarket totaled $2.54 billion in 2005 and can reach $3.20 billion in 2012.
Fleet Operators - Upgrading Truck Drives Class 6-8 Truck Powertrain Systems & Components Aftermarket

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2006/08/31 - New analysis from Frost & Sullivan reveals that revenues in the North American Class 6–8 Truck Powertrain Systems and Components Aftermarket totaled $2.54 billion in 2005 and can reach $3.20 billion in 2012..

   
 
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The North American trucking industry’s share of freight transportation has increased substantially in the last few years, generating more demand for Class 6-8 Trucks. This increase in the number of Class 6-8 Trucks in operation is directly contributing to the growth of the North American powertrain systems and components aftermarket, as powertrain systems and components are integral parts of every truck, providing fuel economy, load-carrying capability, truck stability, safety and driver comfort.

New analysis from Frost & Sullivan reveals that revenues in the North American Class 6–8 Truck Powertrain Systems and Components Aftermarket totaled $2.54 billion in 2005 and can reach $3.20 billion in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants an overview of the Class 6-8 Truck Powertrain Systems and Components Aftermarket, then send an e-mail to Tolu Babalola, Corporate Communications at tolu.babalola[.]frost.com with the following information: full name, company name, title, telephone number, e-mail address, city, state, and country. The brochure will be e-mailed to you upon receipt of this information.

“Newer powertrains are operationally more efficient, thus customers prefer updated trucks for freight transportation,” notes Frost & Sullivan GIC Industry Manager Avijit Ghosh. “This is encouraging fleet operators to upgrade their trucks and doing so, also enables them to address the critical issue of driver retention, since drivers are more comfortable driving trucks with smooth and efficient powertrains.”

While the trend toward increased upgrades expects to be a major driver over much of the forecast period, an added encouragement for the growth of the aftermarket is the implementation of the 2007 Environmental Protection Agency (EPA) regulations.

Since the U.S. EPA regulations necessitate the fitment of advanced engines, prices of new Class 6-8 Trucks will increase in the range of $7,000 to $11,000, post-2007. This will drive fleet operators to replace existing engines in older trucks with remanufactured engines and components, as a more cost-effective option to buying new engines. This factor is expected to significantly aid the growth of the remanufactured engines and components aftermarket in the medium to long term, and will exert a similar influence on the manufactured transmissions and components aftermarket.

However, technological advances in powertrain systems and components manufactured and remanufactured for Class 6-8 Trucks are a major challenge for the aftermarket’s growth because of reduced replacement rates. Durability and reliability of different powertrain systems and components are now higher than before, and this results in longer life spans with extended cycle times between replacements. Moreover, increasing truck prices will cause fleet operators to delay replacement purchases until a truck’s performance declines considerably.

“As soft parts become more durable, the expected lifespan of remanufactured engines are continuously increasing, reducing unit shipments in the aftermarket,” says Ghosh. “Likewise, replacement rates of remanufactured transmissions are also likely to drastically decline because of the rapid technological upgrades that this segment has experienced in the last few years.”

Overall, the total powertrain systems and components aftermarket is mature but competitive in terms of quality, price and customer service. Growth expects to be stronger from 2007 to 2009, due to higher replacement opportunities from older on-road trucks that will enter replacement phase. The average age of Class 6-8 Trucks also expects to increase from 2007 to 2009 because of increased pre-buying of trucks pre-2007 in anticipation of stricter emissions regulations, which are to be imposed in 2007.

North American Class 6–8 Truck Powertrain Systems and Components Aftermarket is part of the Automotive Aftermarket Subscription, which includes research services in the following markets: North American exhaust components aftermarket, North American heavy-duty selected filter aftermarket and North American class 6-8 truck chassis systems and components aftermarket. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Analyst interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1,000 companies, emerging companies and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics and demographics.

North American Class 6–8 Truck Powertrain Systems and Components Aftermarket
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Fleet Operators - Upgrading Truck Drives Class 6-8 Truck Powertrain Systems & Components Aftermarket

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Publisher Contact: Tolu Babalola 
210.477.8427 tolu.babalola[.]frost.com
 
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