Frost & Sullivan: Safety and Emissions Regulations Ensure Steady Revenues for the North American CV Maintenance and Repair Market

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• Publié par: frost-sullivan
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• Langue: English

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Frost & Sullivan: Safety and Emissions

Regulations Ensure Steady Revenues for the

North American CV Maintenance and Repair

Market

PR Newswire

MOUNTAIN VIEW, California, June 13, 2012

- A vehicle parc of 6.5 Million units presents a plethora of

opportunities for the medium/heavy-duty CV aftermarket

MOUNTAIN VIEW, California

,

June 13, 2012

/PRNewswire/ -- The maintenance

and repair market's revenue lines are directly linked to those of the commercial

vehicle (CV) market. Regardless, aftermarket participants have little to no fear,

as the number of CVs in operation are expected to multiply from 6.5 million

units in 2010 to 7.6 million units in 2017.

New analysis from Frost & Sullivan (http://www.automotive.frost.com),

Strategic Analysis of North American Medium/Heavy-duty Commercial

Vehicle Maintenance and Repair Market

, finds that the market for

replacement parts will grow from

$16.0 billion

in 2010 to

$22.8 billion

in 2017 at

a compound annual growth rate (CAGR) of 5.2 percent.

If you are interested in more information on this research, please send an

email to Jeannette Garcia, Corporate Communications, at

[e-mail], with your full name, company name, job title,

telephone number, company email address, company website, city, state and

country.

The last few years have been tough on the North American CV repair and

maintenance market. The downturn compelled many fleet owners to defer

major repairs and maintenance, causing a steep drop in demand for

replacement parts.

If freight activity decreases and fleets start to cannibalize parts from their

unused vehicles, it could further dampen the demand for replacement parts.

However, as the economy slowly improves, both freight tonnage and average

annual miles travelled are expected to increase for medium and heavy-duty

trucks. At the same time, fleets will continue to be cautious about replacing

their trucks, leading to greater component wear and tear in an aging truck

population.

Apart from a rebounding economy, end-user concerns about lifecycle costs and

tighter regulations regarding emissions, idling and safety are likely to stoke a

revival in the CV aftermarket. With new government safety and emissions

regulations such as Compliance Safety and Accountability (CSA) 2010 and

Environmental Protection Agency (EPA) 2010 in place, fleet operators will have

to do their due diligence in maintaining their trucks.

"Components and services related to safety, fuel efficiency and emissions will

keep the revenue streams flowing at a steady pace," said Frost & Sullivan

Research Analyst Kumar Saha. "The North American CV aftermarket will show

strong growth in services related to braking, aftertreatment, filtration and

replacement tire parts."