Overview and Scope
Heavy-duty road filtration aftermarket refers to the market segment that deals with the manufacturing, distributing, and selling of filtration products specifically designed for heavy-duty vehicles and equipment used on roads. They are used to support fleets of all sizes to ensure trucks are serviced.
Sizing and Forecast
The heavy duty road filtration aftermarket market size has grown strongly in recent years. It will grow from $3.3 billion in 2023 to $3.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to increasing urbanization and industrialization, stringent emission standards, growth in the heavy-duty vehicle, rising environmental concerns, expansion of the aftermarket automotive industry.
The heavy duty road filtration aftermarket market size is expected to see strong growth in the next few years. It will grow to $4.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to stringent emission regulations for heavy-duty vehicles, expansion of the global heavy-duty vehicle fleet, increasing focus on air quality and pollution control, growth of e-commerce influencing aftermarket sales. Major trends in the forecast period include high-efficiency particulate air (hepa) filters, development of sustainable and eco-friendly filtration solutions, growth of online platforms for aftermarket sales, increasing popularity of modular and customizable filtration systems, emphasis on predictive maintenance for filtration components.
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Segmentation & Regional Insights
The heavy duty road filtration aftermarket market covered in this report is segmented –
1) By Product: Oil, Air, Cabin, Fuel
2) By Application: Trucks And Buses, Construction, Mining, Agriculture
3) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Asia-Pacific was the largest region in the heavy duty filtration aftermarket market in 2023. The regions covered in the heavy duty road filtration aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing construction sector is significantly contributing to the growth of the heavy-duty road filtration aftermarket market going forward. The construction industry refers to the area of business and manufacturing concerned with building, preserving, and fixing infrastructure. Heavy-duty road filtration is used in construction vehicles to extend their life and improve their performance during the construction process by filtering the dust and nitrogen oxides emitted by the vehicle. For instance, in May 2023, according to the reports shared by the United States Census Bureau, a US-based government agency, construction spending increased from $1,768.2 billion in March 2022 to $1,834.7 billion in March 2023, a 3.8% increase in construction spending. Further, an estimated 1,595,100 housing units were started in 2021, that increased by 15.6% from 1,379,600 in 2020 in the US. Therefore, the growing construction sector will drive the heavy-duty road filtration aftermarket market.
Key Industry Players
Major companies operating in the heavy duty road filtration afterMarket report are Denso Corporation, Parker Hannifin Corporation, MAHLE GmbH, Mann+Hummel Holding GmbH, Donaldson Company Inc., Pall Corporation, Filtration Group Corporation, Sogefi SpA, UFI Filters Group, Cummins Filtration Inc., Hengst SE & Co. KG, Clarcor Inc., Purolator Filters LLC, Baldwin Filters Inc., G.U.D. Holdings Inc., Fram Group Operations LLC, K&N Engineering Inc., Fleetlife Inc., Sure Filter, ACDelco, Nordic Air Filtration A/S, Luber-Finer Inc., Ryco Filters, ALCO Filters, Kleenoil USA Inc., Sakura Filters, Filvent (Pty) Ltd., Fumoto Engineering of America Inc., Afpro Filters GmbH, Hastings Filters Inc.
The heavy duty road filtration aftermarket market report table of contents includes:
1. Executive Summary
2. Heavy Duty Road Filtration AfterMarket Characteristics
3. Heavy Duty Road Filtration AfterMarket Trends And Strategies
4. Heavy Duty Road Filtration AfterMarket – Macro Economic Scenario
5. Global Heavy Duty Road Filtration AfterMarket Size and Growth
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31. Heavy Duty Road Filtration AfterMarket Other Major And Innovative Companies
32. Global Heavy Duty Road Filtration AfterMarket Competitive Benchmarking
33. Global Heavy Duty Road Filtration AfterMarket Competitive Dashboard
34. Key Mergers And Acquisitions In The Heavy Duty Road Filtration AfterMarket
35. Heavy Duty Road Filtration AfterMarket Future Outlook and Potential Analysis
36.Appendix
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