Market Overview:
The global commercial vehicle MRO market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for commercial vehicles across the globe and rising awareness about preventive maintenance among fleet operators. The global commercial vehicle MRO market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into cleaning, general repair, and overhaul. The cleaning segment is expected to grow at a CAGR of 6% during the forecast period from 2018 to 2030 due to increasing demand for clean vehicles across different industries. The general repair segment held majority share in terms of revenue in 2017 and is projected to grow at a CAGR of 5% during the forecast period from 2018 to 2030 due increased adoption by fleet operators for preventive maintenance purposes.
Product Definition:
A commercial vehicle MRO is a company that provides maintenance, repair, and overhaul services for commercial vehicles. These services can include anything from routine maintenance to major repairs or overhauls. The importance of a commercial vehicle MRO is that it can help keep your vehicles in working order, which can save you money in the long run.
Cleaning:
Cleaning is the maintenance and disinfection of vehicles. It includes interior and exterior cleaning, tire inflation, oil change, etc. The growth factor in the commercial vehicle MRO market is increasing owing to growing demand for services like regular servicing of commercial vehicles along with replacement of parts that are used due to wear & tear or due to accident.
General Repair:
The global market for general repair and its usage in commercial vehicle MRO market size was valued at USD 6.5 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period on account of rising demand for maintenance, repair, & overhaul (MRO) services from various end-user industries including transportation & logistics and oil & gas sectors across the globe.
Application Insights:
The on-road application segment accounted for the largest revenue share of over 70% in 2017. The global demand for commercial vehicles is growing significantly owing to rising consumer disposable income, rapid urbanization and expansion of the tourism industry. On-road services are required frequently as compared to off-road services. Commercial vehicles require frequent servicing as they travel long distances daily and across various climatic conditions with high usage rates.
Commercial vehicle maintenance involves a higher degree of precision & complexity than that of passenger car maintenance does due to several factors such as longer lifespan, larger engine size & more complex drivetrain components coupled with heavy loads carried on a regular basis which requires special attention while maintaining these vehicles properly so that they function at optimum levels consistently over their lifetimes thus resulting in an increased demand for MRO facilities globally.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing production and sales of commercial vehicles in China, India, Japan, South Korea and Taiwan. Asia Pacific accounted for a share of nearly 50% in 2017 owing to high demand from countries such as India, Indonesia and Vietnam.
The Middle East & Africa is also likely to witness significant growth over the coming years owing to rising investments by global players such as Toyota Industries Corporation (TIC), Nissan Diesel engine Co., Ltd., Kia Motors Corp., Hyundai Motor Company Ltd., Isuzu Motors Ltd among others for setting up manufacturing facilities in UAE and Saudi Arabia. These factors are anticipated to boost market development across this region during the forecast period.
Latin America has witnessed steady growth since 2014 with Brazil being one of its major contributors followed by Argentina.
Growth Factors:
- Increasing demand for commercial vehicles due to rising urbanization and industrialization
- Proliferation of new technologies and advent of electric and autonomous vehicles which will require more maintenance
- Growing number of fleet operators and increasing demand for services such as vehicle tracking, diagnostics, etc.
- Stringent government regulations mandating safety inspections and emissions testing
- Rising labor costs in developed countries prompting fleet operators to outsource MRO services to low-cost countries
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle MRO Market Research Report
By Type
Cleaning, General Repair, Overhaul
By Application
On Road, Off Road
By Companies
Dynatrade, Allison Transmission, Schaeffler Technologies, Continental AG, ZF Friedrichshafen AG, Lee Myles Autocare & Transmission, Cottman Transmission and Total Auto Care, Borgwarner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle MRO Market Report Segments:
The global Commercial Vehicle MRO market is segmented on the basis of:
Types
Cleaning, General Repair, Overhaul
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
On Road, Off Road
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dynatrade
- Allison Transmission
- Schaeffler Technologies
- Continental AG
- ZF Friedrichshafen AG
- Lee Myles Autocare & Transmission
- Cottman Transmission and Total Auto Care
- Borgwarner
Highlights of The Commercial Vehicle MRO Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cleaning
- General Repair
- Overhaul
- By Application:
- On Road
- Off Road
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle MRO Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial Vehicle MRO is a type of repair and maintenance service that specializes in repairing and maintaining commercial vehicles. This service can be used to fix common issues with trucks, buses, and other large vehicles.
Some of the major players in the commercial vehicle mro market are Dynatrade, Allison Transmission, Schaeffler Technologies, Continental AG, ZF Friedrichshafen AG, Lee Myles Autocare & Transmission, Cottman Transmission and Total Auto Care, Borgwarner.
The commercial vehicle mro market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle MRO Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle MRO Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle MRO Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle MRO Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle MRO Market Size & Forecast, 2018-2028
4.5.1 Commercial Vehicle MRO Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle MRO Market Absolute $ Opportunity
Chapter 5 Global Commercial Vehicle MRO Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Commercial Vehicle MRO Market Size Forecast by Type
5.2.1 Cleaning
5.2.2 General Repair
5.2.3 Overhaul
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Vehicle MRO Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Commercial Vehicle MRO Market Size Forecast by Applications
6.2.1 On Road
6.2.2 Off Road
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle MRO Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle MRO Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Commercial Vehicle MRO Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Vehicle MRO Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Commercial Vehicle MRO Market Size Forecast by Type
9.6.1 Cleaning
9.6.2 General Repair
9.6.3 Overhaul
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Commercial Vehicle MRO Market Size Forecast by Applications
9.10.1 On Road
9.10.2 Off Road
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Commercial Vehicle MRO Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Vehicle MRO Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Commercial Vehicle MRO Market Size Forecast by Type
10.6.1 Cleaning
10.6.2 General Repair
10.6.3 Overhaul
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Commercial Vehicle MRO Market Size Forecast by Applications
10.10.1 On Road
10.10.2 Off Road
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Commercial Vehicle MRO Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Vehicle MRO Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Commercial Vehicle MRO Market Size Forecast by Type
11.6.1 Cleaning
11.6.2 General Repair
11.6.3 Overhaul
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Commercial Vehicle MRO Market Size Forecast by Applications
11.10.1 On Road
11.10.2 Off Road
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Commercial Vehicle MRO Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Vehicle MRO Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Commercial Vehicle MRO Market Size Forecast by Type
12.6.1 Cleaning
12.6.2 General Repair
12.6.3 Overhaul
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Commercial Vehicle MRO Market Size Forecast by Applications
12.10.1 On Road
12.10.2 Off Road
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Commercial Vehicle MRO Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Vehicle MRO Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Commercial Vehicle MRO Market Size Forecast by Type
13.6.1 Cleaning
13.6.2 General Repair
13.6.3 Overhaul
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Commercial Vehicle MRO Market Size Forecast by Applications
13.10.1 On Road
13.10.2 Off Road
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle MRO Market: Competitive Dashboard
14.2 Global Commercial Vehicle MRO Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dynatrade
14.3.2 Allison Transmission
14.3.3 Schaeffler Technologies
14.3.4 Continental AG
14.3.5 ZF Friedrichshafen AG
14.3.6 Lee Myles Autocare & Transmission
14.3.7 Cottman Transmission and Total Auto Care
14.3.8 Borgwarner
