$26.7bn
$X.Xbn
21,083
735
$X.Xbn
Heavy duty truck parts dealers sell products to a wide range of manufacturers and aftermarket buyers. Parts dealers represent a key component of local and long-distance freight trucking, helping maintain global supply chains. As a result, companies receive relatively stable demand from a wide range of commercial markets, limiting uncertainty. Even so, dealers have faced severe economic uncertainty following the pandemic, contributing to tepid revenue growth. Conversely, soaring e-commerce growth and the post-pandemic economic recovery have enabled a steady rebound, highlighted by freight transportation services index growth. Dealers have taken advantage of increased trucking activity and robust demand for truck repair to expand positions in key aftermarkets. Overall, revenue for truck parts dealers has expanded at an expected CAGR of 0.9% to $26.7 billion through the current period, including a 1.0% increase in 2024, where profit settled at 3.9%.
Industry revenue has grown at a CAGR of 0.9 % over the past five years, to reach an estimated $26.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Lkq Corporation | 2,228.7 | 288.5 | 12.9 |
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Industry revenue is measured across several distinct product and services lines, including Heavy truck mechanical parts, Heavy truck exterior and structural parts and Heavy truck electronics. Heavy truck mechanical parts is the largest segment of the Heavy Duty Truck Parts Dealers in the US.
Heavy truck parts are the main source of revenue for dealers
Operators in this industry primarily engage in the merchant wholesale distribution of truck parts and supplies for heavy duty and commercial trucks. Products include engine parts, differentials, transmissions, suspensions and cabs. New tires and tubes are excluded.
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NAICS 44131 - Heavy Duty Truck Parts Dealers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rebounding economic activity and torrid e-commerce sales have spurred growth. Increased trucking activity has increased wear and tear on trucks, supporting demand for parts f...
Learn about an industry's products and services, markets and trends in international trade.
Companies provide mechanical, electronic and exterior parts for trucks and buses. Innovation in electric trucks has supported demand for truck and bus electronics.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Most truck parts dealers operate in the Southeast. The region's high population and robust trucking and trade activity contribute to stable demand for parts.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Successful truck dealers can differentiate themselves through competitive pricing, on-time deliveries and diverse inventories. Companies that develop strong reputations and f...
Learn about the performance of the top companies in the industry.
The industry is largely fragmented. Only LKQ has managed to generate a notable market share with diverse inventories and strong connections to key buyers and suppliers.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Heavy duty truck parts dealers must adhere to various licensing regulations. Some licenses are option, but can improve a company's reputation. Dealers must also follow workpl...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Truck parts dealers face extensive purchasing costs associated with inventory acquisition. Supply chain disruptions have added to purchasing costs, diminishing profit through...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Heavy Duty Truck Parts Dealers in the US industry in United States is $26.7bn in 2024.
There are 735 businesses in the Heavy Duty Truck Parts Dealers in the US industry in United States, which has declined at a CAGR of 1.1 % between 2019 and 2024.
The market size of the Heavy Duty Truck Parts Dealers in the US industry in United States has been growing at a CAGR of 0.9 % between 2019 and 2024.
Over the next five years, the Heavy Duty Truck Parts Dealers in the US industry in United States is expected to grow.
The biggest company operating in the Heavy Duty Truck Parts Dealers market in United States is Lkq Corporation
Wholesaling heavy truck mechanical parts and Wholesaling heavy truck exterior and structural parts are part of the Heavy Duty Truck Parts Dealers in the US industry.
The company holding the most market share in United States is Lkq Corporation.
The level of competition is high and increasing in the Heavy Duty Truck Parts Dealers in the US industry in United States.