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Frost & Sullivan: Safety and Emissions Regulations Ensure Steady Revenues for the North American CV Maintenance and Repair Market

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3 Pages
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Frost & Sullivan: Safety and Emissions Regulations Ensure Steady Revenues for the North American CV Maintenance and Repair Market PR Newswire MOUNTAIN VIEW, California, June 13, 2012 - A vehicle parc of 6.5 Million units presents a plethora of opportunities for the medium/heavy-duty CV aftermarket MOUNTAIN VIEW, California, June 13, 2012 /PRNewswire/ -- The maintenance and repair market's revenue lines are directly linked to those of the commercial vehicle (CV) market. Regardless, aftermarket participants have little to no fear, as the number of CVs in operation are expected to multiply from 6.5 million units in 2010 to 7.6 million units in 2017. New analysis from Frost & Sullivan (http://www.automotive.frost.com), Strategic Analysis of North American Medium/Heavy-duty Commercial Vehicle Maintenance and Repair Market, finds that the market for replacement parts will grow from $16.0 billion in 2010 to $22.8 billion in 2017 at a compound annual growth rate (CAGR) of 5.2 percent. If you are interested in more information on this research, please send an email to Jeannette Garcia, Corporate Communications, at jeannette.garcia@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country. The last few years have been tough on the North American CV repair and maintenance market.

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Frost & Sullivan: Safety and Emissions
Regulations Ensure Steady Revenues for the
North American CV Maintenance and Repair
Market
PR Newswire
MOUNTAIN VIEW, California, June 13, 2012
- A vehicle parc of 6.5 Million units presents a plethora of
opportunities for the medium/heavy-duty CV aftermarket
MOUNTAIN VIEW, California
,
June 13, 2012
/PRNewswire/ -- The maintenance
and repair market's revenue lines are directly linked to those of the commercial
vehicle (CV) market. Regardless, aftermarket participants have little to no fear,
as the number of CVs in operation are expected to multiply from 6.5 million
units in 2010 to 7.6 million units in 2017.
New analysis from Frost & Sullivan (http://www.automotive.frost.com),
Strategic Analysis of North American Medium/Heavy-duty Commercial
Vehicle Maintenance and Repair Market
, finds that the market for
replacement parts will grow from
$16.0 billion
in 2010 to
$22.8 billion
in 2017 at
a compound annual growth rate (CAGR) of 5.2 percent.
If you are interested in more information on this research, please send an
email to Jeannette Garcia, Corporate Communications, at
jeannette.garcia@frost.com, with your full name, company name, job title,
telephone number, company email address, company website, city, state and
country.
The last few years have been tough on the North American CV repair and
maintenance market. The downturn compelled many fleet owners to defer
major repairs and maintenance, causing a steep drop in demand for
replacement parts.
If freight activity decreases and fleets start to cannibalize parts from their
unused vehicles, it could further dampen the demand for replacement parts.
However, as the economy slowly improves, both freight tonnage and average
annual miles travelled are expected to increase for medium and heavy-duty
trucks. At the same time, fleets will continue to be cautious about replacing
their trucks, leading to greater component wear and tear in an aging truck
population.
Apart from a rebounding economy, end-user concerns about lifecycle costs and
tighter regulations regarding emissions, idling and safety are likely to stoke a
revival in the CV aftermarket. With new government safety and emissions
regulations such as Compliance Safety and Accountability (CSA) 2010 and
Environmental Protection Agency (EPA) 2010 in place, fleet operators will have
to do their due diligence in maintaining their trucks.
"Components and services related to safety, fuel efficiency and emissions will
keep the revenue streams flowing at a steady pace," said Frost & Sullivan
Research Analyst Kumar Saha. "The North American CV aftermarket will show
strong growth in services related to braking, aftertreatment, filtration and
replacement tire parts."