The increase in demand for aftermarket parts is continuing to grow. Long established in the car market this growing trend has been mirrored in the construction equipment market.
Some of the world’s largest construction equipment users such as CRH, UBE, Lafarge, Cemex etc who traditionally only used OEM parts are now benefiting from the huge savings to be made from purchasing aftermarket parts. With the construction equipment parts market set to exceed $23 billion USD this year, increasing to $27bn USD in 2018, there is plenty of room for OEM, Aftermarket and Used Parts to help these multinationals reduce their running costs.