The North American commercial truck aftermarket’s component manufacturers are benefiting from increasing demand for charge air coolers, according to analysis from Frost & Sullivan. Analysis of key HVAC and engine cooling components in the aftermarket finds that the market earned revenues of $234.5 million in 2006, and estimates this to reach $244.7 million in 2013, the global growth consulting company says.
“In 2007, the U.S. Environmental Protection Agency began requiring manufacturers of heavy-duty diesel engines to reduce nitrogen oxide and particulate matter emissions by 95 percent in their new engines.” says Frost & Sullivan Industry Analyst Stephen Spivey. “In 2010, another regulation is set to take effect and will mandate further reductions of diesel engine exhaust.”
According to Frost & Sullivan:
“Truck manufacturers and fleet owners are constantly looking for ways to increase the value of their vehicles and reduce the cost of ownership,” Spivey says. “As a result, truck parts are constantly being re-engineered to improve their performance.”