Automotive Aftermarket Industry Competitive Landscape and Future Outlook

Automotive Aftermarket Industry Expansion and Technological Breakthrough

The automotive aftermarket industry is forecasted to expand from USD 76.78 billion in 2025 to USD 114.60 billion by 2034, growing at a CAGR of 4.55% from 2025 to 2034.

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Introduction

The automotive aftermarket industry is a prominent branch of the automotive industry. This industry deals in manufacturing and distribution of high-quality automotive parts in different parts of the world. There are various types of replacement products available in the market consisting of tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, exhaust components, turbochargers and some others. These products are certified in different categories including genuine parts, certified parts, uncertified parts and some others. The rising development in the automotive aftermarket industry has boosted the industrial expansion. This market is predicted to rise significantly with the growth of the e-commerce sector around the globe.

• According to a report published by Motor & Equipment Manufacturers Association, the U.S. automotive aftermarket was valued at US$ 391 billion in 2023 that is expected to reach US$ 472 billion in 2027.

Highlights of the Automotive Aftermarket Industry

• Asia Pacific held the largest share of the automotive aftermarket industry due to the rising development in e-commerce sector across this region.
• North America is expected to grow with a significant CAGR due to the increase in number of car detailing shops in this region. 
• The retail segment held the largest share of the market due to the availability of aftermarket parts in retail outlets.
• The genuine parts segment led the industry due to the growing consumer preference to use genuine products in their vehicles.

Key Metrics and Overview

Industry Leader Announcement

In September 2024, Bill Nunnery, the Senior Director, Sales and Marketing, Global Aftermarket for Dana Incorporated announced that, “Quality, velocity, and authenticity are driving vehicle performance in today’s rapidly evolving aftermarket, with customers demanding quick, responsive, and unmatched service, we’re leaning into their highest expectations with a relentless drive for continuous innovation throughout our aftermarket portfolio.”

Geographical Insights

Asia Pacific held the highest share of the automotive aftermarket industry. The growing demand for superior-grade automotive parts has driven the market expansion. Also, the rising investment in commercial vehicles industry coupled with technological advancements in automotive components industry is crucial for the industrial growth. Moreover, the presence of several aftermarket companies such as Hyundai Mobis Co, Shandong Zhengnuo Group Co., Ltd, ASIMCO Technologies Ltd. and some others is driving the market growth in this region.

Competitive Landscape

The automotive aftermarket industry is a highly fragmented market with the presence of several dominating players. Some of the prominent companies in this industry consists of 3M Company; Continental AG; Delphi Automotive PLC; Denso Corporation; Cooper Tire & Rubber Company; Federal-Mogul Corporation; HELLA KGaA Hueck & Co. and some others. These companies are constantly engaged in developing aftermarket products for the automotive sector and adopting numerous strategies to maintain their dominance in this industry.

• According to the annual report of 3M, the revenue of the automotive aftermarket segment in 2022 was US$ 1209 million that increased to US$ 1235 million in 2024.

Market Segmentations

By Material Type

• Metals
• Plastics
• Composites
• Ceramics  

By Application

• Structural Components
• Body Panels
• Interior Components
• Electrical Components

By End Use Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Manufacturing Process

• Injection Molding
• Die Casting
• 3D Printing
• Machining

By Region

• North America
• Europe
• South America
• Asia Pacific
• Middle East and Africa