In this article, we’ll discuss the distribution of semi truck parts in North America, the major suppliers of these parts, and the supply chain challenges that suppliers face. After all, semi truck parts are expensive and not all of them can be found at your local truck repair shop. You can find quality parts for your semi truck with a reliable supplier such as LKQ Heavy Truck, which offers a variety of products. Besides offering quality parts, LKQ Heavy Truck also offers parts at fair prices, so you’ll save money and time while you’re doing business. Check out www.shiftproducts.com/areas-served for more info.
Distribution of semi truck parts in North America
The industry of truck parts primarily engages in the merchant wholesale distribution of a wide range of automotive products. Major products include engines, transmissions, differentials, suspensions, cabs, and tires. Some products are excluded, such as new tires. To understand the industry more fully, it is helpful to consider the types of vehicles and parts most commonly found on trucks. Distributors in this industry typically have access to information regarding upcoming selling opportunities.
In 2018, the Heavy Duty Truck Parts Dealers industry’s revenue decreased due to slowdowns in downstream industries and disruptions caused by the COVID-19 pandemic. In addition, the price of steel decreased in 2020 and soared in 2021, resulting in a volatile input cost for the industry. Despite the challenges, revenue is expected to increase slightly over the five-year period to 2027, largely driven by a slowdown in the downstream industries.
Major suppliers of semi truck parts in North America
The following are some major suppliers of semi truck parts in North America. These companies manufacture, sell and service semi trucks and other commercial vehicles. The companies are known for high-quality parts that meet the demands of commercial vehicles and drivers. They also offer aftermarket support and maintenance solutions. These parts are available from a variety of sources, from truck parts suppliers to aftermarket services providers. To find out more, contact the company representatives listed below.
The industry will grow at a moderate rate over the next five years, but this is tempered by supply chain disruptions and the COVID-19 pandemic. Revenue will grow at a slightly lower rate, though, as the economy recovers from the impact of the COVID-19 pandemic. Moreover, input prices are expected to decrease, which may limit the industry’s revenue. However, the industry is expected to grow slightly over the next five years to 2027.
Cost of semi truck parts
According to recent estimates, the aftermarket demand for Class 6-8 truck, trailer, and container parts is expected to top $31.6 billion by the year 2019. Most of this money will come from heavy-duty distributors, while the rest will be purchased from independent repair garages and dealerships. However, there are some significant differences between the costs of parts for different types of trucks. In North America, the aftermarket market is dominated by independent repair garages, while specialized dealerships are also popular sources.
Although manufacturers warranty their parts, aftermarket parts are not always covered by them. In fact, some industries require a 120-day processing time. It is best to buy high-quality truck parts from a reputable distributor. A cheaper truck part may be cheaper up front, but it will likely break down sooner than expected, causing you to lose more money than you intended. If you choose to use an aftermarket truck part supplier, be sure to compare the price between different brands.
Supply chain challenges
The recent “supply chain crisis” has captured the attention of the news cycle, directly impacting manufacturers and the trucking industry. In addition to driving up the cost of new and used trucks, supply chain issues have reduced the number of available parts and containers. These problems result in a ‘perfect storm’ of challenges. Listed below are some common problems in the supply chain that can pose significant challenges to truck manufacturers.
Lack of space and manpower at shippers. Low manpower and space mean lower production levels. Lack of space means delays in filling orders, which in turn drives up carrier costs. The current snarls in supply chains are also affecting new truck production and the OEM repair market. Consequently, fewer new trucks are being delivered, which means older trucks stay on the road longer. Delays in repairs and breakdowns result in higher costs for carriers and consumers.
As the demand for semi truck parts increases, after-sales support is becoming a top priority. However, fleet managers are often confused about which type of part to choose. Despite the various myths surrounding aftermarket parts, the differences are often down to application knowledge and specifications. It is vital to look for after-sales support from a reputable supplier to make sure that the truck parts are of the highest quality.
After-sales support for semi truck parts is a key differentiator between branded and generic parts. It includes warranty coverage, availability of training and documentation, and product-specific experts. OE-branded parts benefit from greater research, field support, and expertise. Even small adjustments can make a difference in performance and longevity. That is why branded parts have a reputation for quality and after-sales service.