April 2025
Senior Research Analyst
Reviewed By
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.
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.
Metric | Details |
Market Size in 2024 | USD 73.44 Billion |
Projected Market Size in 2034 | USD 114.60 Billion |
CAGR (2025 - 2034) | 4.55% |
Leading Region | Asia Pacific |
Market Segmentation | By Material Type, By Application, By End Use Vehicle Type, By Manufacturing Process and By Region |
Top Key Players | 3M Company; Continental AG; Delphi Automotive PLC; Denso Corporation; Cooper Tire & Rubber Company |
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.”
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.
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.
By Material Type
By Application
By End Use Vehicle Type
By Manufacturing Process
By Region
April 2025
April 2025
March 2025
March 2025
Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.
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