North American Class 1-3 Vehicles Engine Replacement Growth Opportunities

Growth Strategies Focusing on Supply Chain Optimization and Electrification will be Vital for Suppliers

This research service analyzes key trends in the engine replacement aftermarket for vehicles in classes 1, 2, and 3 (Class 1-3 vehicles) in North America, providing forecasts for the market size between 2022 and 2028. The engine replacement segments covered are new, used, rebuilt, and remanufactured products. Market forecasts are derived from the miles driven, usage patterns, replacement rates, technology & market trends, new vehicle sales, and total vehicles in operation (VIO). The study also provides a breakdown of the engine replacement aftermarket by unit shipment, revenue, distribution channel, and price. The analysis includes an overview of the competitive environment, including supplier profiles and the market shares of the top participants.

The North American class 1-3 vehicles engine replacement aftermarket is mature, with well-established participants that have built strong relationships across all distribution channels. The engine replacement aftermarket is a relatively low-volume space as engines are built to last for many years and require infrequent replacements. Engine technology is improving consistently in terms of reliability and durability, extending engine life. Newer models are fitted with advanced, cleaner engines that ultimately extend the replacement rates for fleets. The study considers all such contexts and scenarios and concludes by identifying the key growth opportunities in this space for market participants to leverage. The base year is 2021, and the study period is 2018 to 2028.