Medium- & Heavy-Duty Truck Aftermarket to 2013

• Publication date: April 2009

The US aftermarket for medium- and heavy-duty (MD/HD) truck parts will grow 3.8 percent annually through 2013. Exterior and structural components such as tires will remain the largest segment, while electrical and electronic components see the fastest gains. Outsourced service providers will continue to dominate, led by tire dealers. This study analyzes the $14.2 billion US MD/HD aftermarket. It presents historical demand data for the year...

The US aftermarket for medium- and heavy-duty (MD/HD) truck parts will grow 3.8 percent annually through 2013. Exterior and structural components such as tires will remain the largest segment, while electrical and electronic components see the fastest gains. Outsourced service providers will continue to dominate, led by tire dealers.

This study analyzes the $14.2 billion US MD/HD aftermarket. It presents historical demand data for the years 1998, 2003 and 2008, and forecasts for 2013 and 2018 by product type (exterior and structural, mechanical, electrical and electronic) and service performer (outsourced, in-house).

The study also considers market environment factors, details industry structure, evaluates company market share and profiles 46 industry players, including Bridgestone, Goodyear Tire & Rubber and Michelin.

Heavy Truck And Bus Industry

INTRODUCTION ix

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4
General 4
Macroeconomic Environment 6
Medium- & Heavy-Duty Trucks 10
Supply & Demand Dynamics 12
Truck Park & Mileage 15
Medium- & Heavy-Duty Truck Industry Trends 19
The Trend toward Integration 20
Light Vehicle & Medium- & Heavy-Duty Truck
Aftermarket Differences 24
Component Rebuilders 27
Vehicle Quality Improvements 28
Technology & Materials Trends 29
Spark Ignition Engine Technology 31
Indirect Fuel Injection Systems 32
Direct Fuel Injection Systems 34
Variable Valve Timing Systems 36
Cylinder Deactivation Systems 37
Compression Ignition (Diesel) Engine Technology 37
Basic Diesel Engine Operation 38
Diesel Engine Emissions Control Technology 39
Fuel System Enhancements 40
Turbocharging & After-Treatment Device
Enhancements 42
Diesel Fuel Enhancements 45
Performance Enhancement Technology 47
Electronic Engine Controls 48
Hybrid & Electric Powertrains 49
Legislative & Regulatory Environment 52
Environmental 53
Safety 57

III. INDUSTRY TRENDS 58
General 58
Medium- & Heavy-Duty Truck Aftermarket Overview 59
Pricing Trends 63
Foreign Trade & International Issues 66
Global Aftermarket Parts Supply & Demand Trends 67
Trends in Foreign Trade 69

IV. EXTERIOR & STRUCTURAL PRODUCT
AFTERMARKET 71
General 71
Tires 73
Fifth Wheels, Kingpins & Parts 77
Windows, Mirrors & Replacement Glass 79
Windshield Wiper Systems 82
Other 83

V. MECHANICAL PRODUCT AFTERMARKET 86
General 86
Engines & Engine Parts 89
Engines, Cylinder Heads & Liners 93
Turbochargers & Related Parts 95
Pistons & Rings 96
Bearings, Camshafts & Crankshafts 97
Valves, Seats & Related Parts 98
Other 99
Transmissions & Clutch Assemblies 100
Steering & Suspension Components 104
Suspension Systems 105
Steering Systems 108
Brake Parts & Assemblies 109
Drivetrain Components 113
Filters 115
Oil 117
Air 119
Fuel 121
Other 123
Fuel System Components 124
Exhaust & Emissions System Components 127
Cooling System Components 130

VI. ELECTRICAL & ELECTRONIC PRODUCT
AFTERMARKET 135
General 135
Electronic Product Aftermarket 137
Telematics, Navigation & Vehicle Tracking Systems 140
Electronic Controls, Modules & Sensors 142
Other Electronic Products 145
Electrical Product Aftermarket 146
Charging & Starting Equipment 148
Batteries 150
Auxiliary Power Units 153
Lighting Equipment 156
Other Electrical Products 158

VII. AFTERMARKET BY PERFORMER 161
General 161
Outsourced Service Providers 166
Tire Dealers 168
Independent Garages 169
Truck Dealerships 170
Other 172
In-House Service Providers 173
Fleets 175
Owner Operators 176

VIII. INDUSTRY STRUCTURE 178
General 178
Industry Composition 180
Market Share 183
Tires 187
Non-Tires 189
Mergers, Acquisitions & Industry Restructuring 190
Product Development & Manufacturing 195
Marketing 197
Distribution 198
Financial Issues & Requirements 200
Strategic Partnerships 201
Company Profiles 206
Affinia Group Incorporated 207
ArvinMeritor Incorporated 209
Bandag Incorporated, see Bridgestone Corporation
Bendix Commercial Vehicle Systems, see Knorr-Bremse
Bendix Spicer Foundation Brake, see Dana Holding
& Knorr-Bremse AG
BLD Products Limited, see Qualitor Incorporated
Blue Diamond Truck, see Navistar International
BorgWarner Incorporated 213
Bosch (Robert) GmbH 215
Bridgestone Corporation 217
Caterpillar Incorporated 219
Continental AG 221
Cooper-Standard Holdings Incorporated 226
Cooper Tire & Rubber Company 227
Cummins Incorporated 229
Daimler AG 232
Dana Holding Corporation 235
Dayco Products, see Mark IV Industries Incorporated
Delphi Corporation 238
DENSO Corporation 240
Detroit Diesel Corporation, see Daimler AG
Eaton Corporation 241
Exide Technologies 244
Federal-Mogul Corporation 245
Gates Corporation, see Tomkins plc
Goodyear Tire & Rubber Company 248
GTY Tire Company, see Continental, Toyo Tire &
Rubber & Yokohama Rubber
Guardian Industries Corporation 250
Haldex AB 252
HASSE & WREDE North America, see Knorr-Bremse
Hendrickson International Corporation 254
Honeywell International Incorporated 256
International Brake Industries, see Qualitor Incorporated
Johnson Controls Incorporated 258
Knorr-Bremse AG 259
Mack Trucks Incorporated, see Volvo AB
MAHLE International GmbH 261
Mark IV Industries Incorporated 264
Meritor WABCO Vehicle Control Systems, see
ArvinMeritor Incorporated
Michelin Group 265
Navistar International Corporation 267
Nippon Sheet Glass Company Limited 270
Osram GmbH, see Siemens AG
PACCAR Incorporated 271
Pilkington plc, see Nippon Sheet Glass Company Limited
Pioneer Corporation 273
PPG Industries Incorporated 274
Proliance International Incorporated 275
Qualitor Incorporated 276
Schrader-Bridgeport, see Tomkins plc
Siemens AG 278
Sloan Transportation Products, see Qualitor Incorporated
Sony Corporation 280
Stanadyne Corporation 281
Sypris Solutions Incorporated 282
Tenneco Incorporated 283
ThyssenKrupp AG 285
Tomkins plc 286
Toyo Tire & Rubber Company Limited 288
Valeo SA 289
Valeo Sylvania LLC, see Siemens AG and Valeo SA
Veyance Technologies Incorporated 292
Victor Reinz, see Dana Holding Corporation
Volvo AB 293
Yokohama Rubber Company Limited 296
Other Medium- & Heavy-Duty Truck Aftermarket Companies 297

LIST OF TABLES

TABLE NUMBER PAGE

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3

SECTION II -- MARKET ENVIRONMENT
1 Macroeconomic Indicators 10
2 Motor Vehicle Weight Classes 12
3 Medium- & Heavy-Duty Truck Supply & Demand 15
4 Medium- & Heavy-Duty Truck Park & Mileage 18

SECTION III -- INDUSTRY TRENDS
1 Medium- & Heavy-Duty Truck Aftermarket by Product
& Vehicle Class 62
2 World Medium- & Heavy-Duty Truck Aftermarket by Region 69

SECTION IV -- EXTERIOR & STRUCTURAL
PRODUCT AFTERMARKET
1 Exterior & Structural Product Aftermarket 72
2 Tire Aftermarket 77
3 Fifth Wheel, Kingpin & Part Aftermarket 79
4 Window, Mirror & Replacement Glass Aftermarket 82
5 Windshield Wiper System Aftermarket 83
6 Other Exterior & Structural Product Aftermarket 85

SECTION V -- MECHANICAL PRODUCT
AFTERMARKET
1 Mechanical Product Aftermarket 88
2 Engine & Engine Part Aftermarket 93
3 Transmission & Clutch Assembly Aftermarket 104
4 Steering & Suspension Aftermarket 105
5 Brake Part & Assembly Aftermarket 113
6 Drivetrain Component Aftermarket 115
7 Filter Aftermarket 117
8 Fuel System Component Aftermarket 127
9 Exhaust & Emissions System Component Aftermarket 130
10 Cooling System Component Aftermarket 134

SECTION VI -- ELECTRICAL & ELECTRONIC
PRODUCT AFTERMARKET
1 Electrical & Electronic Product Aftermarket 136
2 Electronic Product Aftermarket 140
3 Telematics, Navigation & Vehicle Tracking System
Aftermarket 142
4 Electronic Control, Module & Sensor Aftermarket 144
5 Other Electronic Product Aftermarket 146
6 Electrical Product Aftermarket 148
7 Charging & Starting Equipment Aftermarket 150
8 Battery Aftermarket 153
9 Auxiliary Power Unit Aftermarket 156
10 Lighting Equipment Aftermarket 158
11 Other Electrical Product Aftermarket 160

SECTION VII -- AFTERMARKET BY PERFORMER
1 Medium- & Heavy-Duty Truck Aftermarket by Performer 165
2 Outsourced Aftermarket by Performer 167
3 In-House Aftermarket by Performer 175

SECTION VIII -- INDUSTRY STRUCTURE
1 Sales of Selected Medium- & Heavy-Duty Truck
Aftermarket Suppliers, 2008 182
2 Selected Acquisitions & Divestitures 193
3 Selected Cooperative Agreements 203

LIST OF CHARTS

CHART NUMBER PAGE

SECTION II -- MARKET ENVIRONMENT
1 Vehicle Mileage, 1998-2018 19
2 Medium- & Heavy-Duty Truck Aftermarket Channels 26

SECTION III -- INDUSTRY TRENDS
1 Medium- & Heavy-Duty Truck Aftermarket by Product
& Vehicle Class 63

SECTION IV -- EXTERIOR & STRUCTURAL
PRODUCT AFTERMARKET
1 Exterior & Structural Product Aftermarket by Type, 2008 73

SECTION V -- MECHANICAL PRODUCT
AFTERMARKET
1 Mechanical Product Aftermarket by Type, 2008 89

SECTION VI -- ELECTRICAL & ELECTRONIC
PRODUCT AFTERMARKET
1 Electrical & Electronic Product Aftermarket by Type, 2008 137

SECTION VII -- AFTERMARKET BY PERFORMER
1 Medium- & Heavy-Duty Truck Aftermarket by
Performer, 2008 165

SECTION VIII -- INDUSTRY STRUCTURE
1 Medium- & Heavy-Duty Truck Aftermarket Share
by Company, 2008 184
2 Medium- & Heavy-Duty Truck Tire Aftermarket Share
by Company, 2008 188
3 Medium- & Heavy-Duty Truck Non-Tire Aftermarket Share
by Company, 2008 190