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The heavy-duty truck parts industry is experiencing steady growth driven by increasing freight demand and aging vehicle fleets. Digitalization of procurement and e-commerce platforms are gaining traction, providing greater access and efficiency. Supply chain resilience and inventory management remain critical factors amidst fluctuating demand and production challenges.
Total Assets Under Management (AUM)
US Commercial Vehicle Aftermarket Size in United States
~Approximately $30-40 billion USD
(3-5% CAGR)
- Aftermarket parts demand driven by vehicle age.
- Increased e-commerce adoption.
- Focus on maintenance and repairs over new vehicle purchases.
40 billion USD