Frost & Sullivan: Increasing Age of Vehicles Sustains Growth in North American Brake Rotors, Drums, and Calipers Aftermarket

Description

Frost & Sullivan: Increasing Age ofFrost & Sullivan: Increasing Age of Vehicles Sustains Growth in North American Brake Rotors, Drums, and Calipers Aftermarket PR Newswire MOUNTAIN VIEW, California, March 12, 2014 -- Aftermarket participants must align with large retail or wholesale distribution groups to reach a wider customer base North American consumers are spending more on parts and service because they are keeping their cars and light trucks longer due to prolonged economic uncertainty. The increasing average age of vehicles – which currently stands at ten and a half years – will drive the aftermarket for brake rotors, drums, and calipers. Suppliers should still concentrate on maintaining and expanding market share as a wave of mergers and acquisitions is expected to heighten competition in the market. New analysis from Frost & Sullivan (http://www.automotive.frost.com), North American Brake Rotors, Drums, and Calipers Aftermarket, finds that the market earned revenue of $1.39 billion in 2013 and estimates this to reach $1.64 billion in 2020. Rotors account for approximately two-thirds of the total market revenue. For complimentary access to more information on this research, please visit: http://bit.ly/1cRFnKI. "The decreasing service life of vehicle parts will support demand for brake components in North America," said Frost & Sullivan Automotive & Transportation Aftermarket Program Manager Stephen Spivey.

Informations

• Publié par: frost-sullivan
• Publié le: 12 mars 2014
• Nombre de lectures: 5
• Langue: English

Extrait

Frost & Sullivan: Increasing Age of Vehicles Sustains Growth in North American Brake Rotors, Drums, and Calipers Aftermarket

PR Newswire

MOUNTAIN VIEW, California, March 12, 2014

-- Aftermarket participants must align with large retail or wholesale distribution groups to reach a wider customer base

North American consumers are spending more on parts and service because they are keeping their cars and light trucks longer due to prolonged economic uncertainty. The increasing average age of vehicles – which currently stands at ten and a half years – will drive the aftermarket for brake rotors, drums, and calipers. Suppliers should still concentrate on maintaining and expanding market share as a wave of mergers and acquisitions is expected to heighten competition in the market.