The COVID-19 pandemic will affect industries worldwide, but few can feel it as directly as the global commercial vehicles aftermarket. The collapse of economic activity in many regions means companies will drive their work trucks less, and they will spend less to maintain them.
New York, Nov. 10, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Post COVID-19 Growth Opportunities in the Global Medium/Heavy Commercial Vehicle Aftermarket, 2020" - https://www.reportlinker.com/p05983628/?utm_source=GNW
The aim of this study is to identify the size of the global commercial vehicle parts and services aftermarket, and its growth opportunities in 2020, given the unique challenges posed by the pandemic.Commercial vehicles include medium- and heavy-duty on-road trucks.
Revenue includes parts only and excludes service.Revenue is measured at the manufacturer level and is expressed in US dollars.
This research is the culmination of the work of the analyst’s analysts located all over the world. Analysts have used multiple sources and statistical analysis in markets where information is missing to increase the confidence level of the research findings. Revenue is presented at the manufacturer, distributor, and end-user levels. The markets covered are the United States, Canada, Mexico, Brazil, Argentina, the United Kingdom, Germany, France, Italy, Spain, Russia, Turkey, Saudi Arabia, South Africa, India, Japan, Thailand, Australia, Taiwan, and China. The research covers the impact of connected trucks on vehicle maintenance. This includes the penetration of truck telematics by region as well as an analysis of services offered. Growth opportunities and companies to action are covered as well. The research includes a global economic outlook with top trends for 2019 and predictions for 2020, as well as analysis of the COVID-19 pandemic on each region. It identifies the main factors that will influence the size of the global commercial vehicle aftermarket, as well as how the industry outlook varies from region to region. The findings cover developments in the global commercial vehicle aftermarket in 2019 that will have an impact on the market in 2020. Data sources include primary and secondary research, existing studies, statistical modeling, and analysis. Other exhibits include spend per vehicle and market attractiveness analyses. To determine market attractiveness, the analyst has examined each of the 20 countries for their growth outlook, barriers to entry, and economic competitiveness. The research ends with key conclusions and the outlook for 2020.
Author: Stephen Spivey
Read the full report: https://www.reportlinker.com/p05983628/?utm_source=GNW
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