Customer and brand strategies to become key differentiators for engine vendors and open the growth pipeline

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DUBLIN, May 18, 2022 /PRNewswire/ — The “North American Class 4-8 Truck Engine Replacement Growth Opportunities” report has been added to from ResearchAndMarkets.com offer.

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The Class 4-8 Replacement Engine Research Service secondary market in North America forecasts the market size from 2022 to 2028. The base year is 2021 and the study period is 2018 to 2028.

This study analyzes the major replacement trends for medium (MD) and heavy-duty (HD) truck engines in the aftermarket. The engine replacement segments covered are new, used, rebuilt and remanufactured products.

Market forecasts are derived from miles traveled, usage patterns, replacement rate, new truck sales and total vehicles in service (VIO), including an aftermarket breakdown of engine replacement by unit shipment, turnover, distribution channel and price. Additionally, the analysis includes an overview of the competitive environment and market share of key participants, including vendor profiles.

The North American Class 4-8 engine replacement market is mature and well-established participants have established strong relationships across all distribution channels. The engine replacement aftermarket is a relatively small space because engines are designed to last for many years, resulting in infrequent replacements depending on miles driven, maintenance practices and operating environment.

In addition, engine technology is constantly improving in terms of reliability and durability, thus extending their useful life, and new vehicle models are equipped with advanced and cleaner engines which ultimately extend the fleet replacement rate. Additionally, customers are very price sensitive in the Class 4-8 truck segment, especially when considering engine replacement due to the higher average age of vehicles that require this type of service.

Therefore, customers should determine the total cost of ownership for each type of replacement and the overall condition of their equipment to determine the most cost-effective solution. The study ends with a discussion of 3 opportunities for growth in this space that participants can use to take action.

Main topics covered:

1. Strategic imperatives

  • Why is it increasingly difficult to grow taller?

  • The strategic imperative

  • Impact of Top 3 Strategic Imperatives on the Class 4-8 Truck Engine Replacement Aftermarket

  • Growth opportunities fuel the growth pipeline engine

2. Growth environment

3. Research Scope, Class 4-8 Truck Engine Replacement Aftermarket

  • Segmentation of vehicles and technologies

  • Structure of the engine replacement market

  • Segmentation and definitions

  • Market definitions

4. Demand Analysis, Class 4-8 Truck Engine Replacement Aftermarket

  • VIO Forecast by Class, Class 4-8 Truck Engine Replacement Aftermarket

  • Class 4-8 New Truck and Power Unit Shipments by Truck Type, MD and HD Market Share of Top Participants

  • Class 4-8 Electric Truck Unit Shipping Forecast

  • Annual mileage of vehicles traveled – Forecast

  • Political, economic, social, technological, legal and environmental (PESTLE) analysis of trends

  • Impact of Mega Trends on the Engine Replacement Aftermarket

5. Class 4-6 Truck Engine Replacement Aftermarket

  • Analysis of unit shipments and revenue forecasts

  • Unit Shipment Forecast by Engine Replacement Type

  • Average Price Analysis Forecast

  • Unit Shipment Percentage Forecast by Refurbishment Type

  • Revenue forecast by engine replacement type

  • Distribution analysis by engine replacement type and channel type

6. Class 7-8 Truck Engine Replacement Aftermarket

  • Analysis of unit shipments and revenue forecasts

  • Unit Shipment Forecast by Engine Replacement Type

  • Average Price Analysis Forecast

  • Unit Shipment Percentage Forecast by Refurbishment Type

  • Revenue forecast by engine replacement type

  • Distribution analysis by engine replacement type and channel type

7. Competitive environment

8. Supplier Profiles

  • Supplier Profile – Cummins

  • Supplier Profile – Detroit Motors

  • Supplier Profile – PACCAR

  • Supplier Profile – Volvo

  • Supplier Profile – Reviva Inc.

  • Supplier Profile – Jasper Engine and Transmission

9. Growth Opportunity Universe, Class 4-8 Truck Engine Replacement Aftermarket

  • Growth Opportunity 1 – Electric Powertrain for Emerging Electric Truck Growth

  • Growth Opportunity 2 – Telematics to enable the ecosystem of integrated connected services

  • Growth Opportunity 3 – Customer-Focused Service Solutions

10. Next steps

For more information about this report visit https://www.researchandmarkets.com/r/r70i8e

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Research and Markets
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