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U.S. dominates automotive aftermarket in North America
- March 24, 2017
- News Release
- Shop Management
The U.S. dominates the North American automotive aftermarket for powertrain components, accounting for 86 percent of overall sales, or $10.3 billion, in 2016. Through 2021 U.S. aftermarket demand for engine, transmission, and drivetrain components will rise 1.6 percent per year, a slight uptick from the 2011-2016 period but trailing advances in the smaller Canadian and Mexican markets. These and other trends are presented in “Automotive Aftermarket in Powertrain Components in North America,” a new study from The Freedonia Group, a Cleveland-based industry research firm.
Factors promoting aftermarket sales of powertrain components in the U.S. include:
- Increases in the size and the average age of registered light vehicles, the latter of which was 11.4 years in 2016.
- Climatic extremes, including snow in some regions and heat in others.
- Technological improvements, such as the incorporation of computers and sensors, that raise the average per-unit cost of repairs and replacements.
- Growth in the total number of light vehicles involved in accidents.
Sales growth will be restrained by:
- Technological improvements that reduce the frequency of maintenance and replacement intervals.
- Increased reliability and durability of many powertrain components.
For more information about the study, visit www.freedoniagroup.com/industry-study/automotive-aftermarket-for-powertrain-components-in-north-america-by-product-engine-transmission-and-drivetrain-and-performer-3505.htm.
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The Fabricator is North America's leading magazine for the metal forming and fabricating industry. The magazine delivers the news, technical articles, and case histories that enable fabricators to do their jobs more efficiently. The Fabricator has served the industry since 1970.
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