Key Takeaways
- In 2023, the global automotive aftermarket size reached $464.12 billion, projected to grow to $682.71 billion by 2030 at a CAGR of 5.6%.
- The U.S. automotive aftermarket generated $505.8 billion in revenue in 2022, with DIY segment accounting for 45%.
- North American aftermarket expected to reach $325 billion by 2027, growing at 3.8% CAGR from 2022.
- In 2023, 55% of U.S. consumers purchased aftermarket parts online.
- E-commerce aftermarket sales grew 18% YoY to $90 billion in 2023 globally.
- 72% of DIY consumers prefer online channels for parts in 2023 U.S. survey.
- Tires segment 22% of total aftermarket sales in 2023 globally.
- Batteries and brakes each 12% of U.S. aftermarket revenue 2023.
- Oil and air filters 8% share worldwide aftermarket 2023.
- U.S. aftermarket 40% of North America total 2023.
- China aftermarket $120 billion, largest in Asia 2023.
- Germany €30 billion leader in Europe 2023.
- U.S. employs 4.5 million in aftermarket 2023.
- Advance Auto Parts revenue $11.2 billion 2023.
- O'Reilly Automotive 6,200 stores, $15.7B sales 2023.
The global auto aftermarket is a massive and steadily growing multi-trillion dollar industry.
Industry Players & Employment
- U.S. employs 4.5 million in aftermarket 2023.
- Advance Auto Parts revenue $11.2 billion 2023.
- O'Reilly Automotive 6,200 stores, $15.7B sales 2023.
- AutoZone 7,000+ locations, $18.5B revenue 2023.
- Genuine Parts Co. (NAPA) $23B revenue 2023.
- SEMA members 7,000 companies employing 1M+ 2023.
- Bosch aftermarket $25B global sales 2023.
- Denso $10B aftermarket revenue 2023.
- Continental $12B aftermarket 2023.
- Tenneco $8.5B sales including aftermarket 2023.
- 780,000 jobs in U.S. parts manufacturing 2023.
- Europe aftermarket employs 1.2M people 2023.
- China 2M workers in aftermarket sector 2023.
- Average wage $55K in U.S. aftermarket retail 2023.
- LKQ Corporation $13.9B revenue, 45K employees 2023.
- Pep Boys 1,000 stores, part of Icahn Enterprises 2023.
- Monro Inc. 1,200 locations, $1.4B sales 2023.
- 15% employment growth in EV aftermarket techs 2023.
- Women 25% of aftermarket workforce U.S. 2023.
- ZF Aftermarket $7B sales 2023.
- Magna International aftermarket $5B 2023.
- 500,000 independent repair shops U.S. 2023.
- Training programs reached 200K techs 2023.
- Startups in aftermarket 1,200 funded $2B 2023.
- Dealer networks 20% aftermarket service share 2023.
- Valeo $6B aftermarket revenue 2023.
- Goodyear tire aftermarket $10B 2023.
- 3.5M vehicles serviced annually per chain avg 2023.
- Patents in aftermarket tech 15K filed 2023.
Industry Players & Employment Interpretation
Market Size & Growth
- In 2023, the global automotive aftermarket size reached $464.12 billion, projected to grow to $682.71 billion by 2030 at a CAGR of 5.6%.
- The U.S. automotive aftermarket generated $505.8 billion in revenue in 2022, with DIY segment accounting for 45%.
- North American aftermarket expected to reach $325 billion by 2027, growing at 3.8% CAGR from 2022.
- European aftermarket valued at €105 billion in 2023, with e-commerce sales up 15% YoY.
- Asia-Pacific aftermarket to grow from $150 billion in 2023 to $250 billion by 2030 at 7.5% CAGR.
- Global aftermarket parts distribution market size was $1.2 trillion in 2022.
- U.S. collision repair aftermarket hit $38.5 billion in 2023.
- Aftermarket for electric vehicle components projected to reach $50 billion by 2028.
- Latin America aftermarket grew 4.2% to $45 billion in 2023.
- Middle East & Africa aftermarket valued at $25 billion in 2023, CAGR 6.1% to 2030.
- U.S. aftermarket tire sales reached $25.4 billion in 2023.
- Global brake parts aftermarket $85 billion in 2023.
- DIY aftermarket in U.S. $220 billion in 2022.
- DIFM segment $285 billion globally in 2023.
- Aftermarket electronics market $120 billion by 2027.
- U.S. performance parts aftermarket $50.6 billion in 2023.
- Global filters aftermarket $20.5 billion in 2023, CAGR 4.2%.
- Battery aftermarket $75 billion globally 2023.
- Lighting aftermarket $15 billion in U.S. 2023.
- Suspension parts aftermarket $30 billion globally 2023.
- Exhaust systems aftermarket $25 billion in 2023.
- U.S. aftermarket grew 2.5% in 2023 to $522 billion.
- Online aftermarket sales $80 billion globally 2023.
- Collision parts aftermarket $200 billion by 2030.
- Engine parts aftermarket $100 billion 2023.
- Transmission aftermarket $40 billion globally 2023.
- Global aftermarket CAGR 4.8% 2024-2032.
- U.S. parts & accessories $400 billion 2023.
- Commercial vehicle aftermarket $150 billion 2023.
- Luxury car aftermarket $60 billion globally 2023.
Market Size & Growth Interpretation
Product Categories
- Tires segment 22% of total aftermarket sales in 2023 globally.
- Batteries and brakes each 12% of U.S. aftermarket revenue 2023.
- Oil and air filters 8% share worldwide aftermarket 2023.
- Collision body parts 15% of DIFM sales 2023 U.S.
- Performance enhancements 10% growth in accessories segment 2023.
- EV charging accessories $5 billion in aftermarket 2023.
- Wiper blades 4% market share globally 2023.
- Exhaust and mufflers 7% U.S. aftermarket 2023.
- Lighting and bulbs 6% share Europe 2023.
- Suspension and steering 9% Asia-Pacific 2023.
- Engine gaskets and seals 5% global 2023.
- Radiators and cooling 4.5% U.S. 2023.
- Wheels and rims $12 billion performance segment 2023.
- Infotainment upgrades 11% electronics aftermarket 2023.
- Belts and hoses 3.8% share worldwide 2023.
- Spark plugs 2.5% U.S. DIY 2023.
- Sensors and electronics 13% growth EV aftermarket 2023.
- Paint and refinishing 10% collision 2023.
- Clutches and CVT parts 6% transmission 2023.
- Interior accessories 8% sales U.S. 2023.
- Fuel pumps and injectors 4% engine segment 2023.
- Alternators and starters 5.5% electrical 2023.
- Custom paint jobs 7% performance aftermarket 2023.
- Brake pads replacement rate 25% annual in U.S. 2023.
Product Categories Interpretation
Regional Markets
- U.S. aftermarket 40% of North America total 2023.
- China aftermarket $120 billion, largest in Asia 2023.
- Germany €30 billion leader in Europe 2023.
- India growing at 9% CAGR to $15 billion by 2027.
- Brazil $20 billion Latin America hub 2023.
- Canada $35 billion, 10% growth 2023.
- Japan $40 billion, focus on electronics 2023.
- Mexico $18 billion, export-oriented 2023.
- UK £12 billion post-Brexit 2023.
- South Korea $25 billion high-tech parts 2023.
- Australia $10 billion, DIY strong 2023.
- Russia $15 billion despite sanctions 2023.
- Turkey $8 billion emerging Europe 2023.
- UAE $5 billion MENA leader 2023.
- South Africa $4 billion Africa top 2023.
- France €18 billion second in Europe 2023.
- Indonesia $12 billion SE Asia growth 2023.
- Argentina $6 billion volatile Latin 2023.
- Thailand $9 billion manufacturing hub 2023.
- Spain €10 billion Mediterranean 2023.
- Saudi Arabia $4.5 billion oil-rich 2023.
- Italy €15 billion design focus 2023.
- Vietnam $7 billion rapid growth 2023.
- Poland €6 billion Eastern Europe 2023.
- Egypt $3 billion Africa emerging 2023.
Regional Markets Interpretation
Sales & Distribution
- In 2023, 55% of U.S. consumers purchased aftermarket parts online.
- E-commerce aftermarket sales grew 18% YoY to $90 billion in 2023 globally.
- 72% of DIY consumers prefer online channels for parts in 2023 U.S. survey.
- Auto parts stores accounted for 35% of U.S. aftermarket sales in 2023.
- Warehouse distributors handled 60% of DIFM sales volume in 2023.
- Amazon captured 25% of online aftermarket tire sales in 2023.
- 40% growth in mobile app-based aftermarket purchases in 2023.
- Independent repair shops sourced 45% parts from jobbers in 2023 U.S.
- OEM parts distribution via dealers 28% of aftermarket in Europe 2023.
- Direct-to-consumer sales rose to 30% in Asia-Pacific aftermarket 2023.
- Tire wholesalers distributed $18 billion in U.S. 2023.
- 65% of aftermarket sales via multi-channel in 2023 globally.
- Online marketplaces share 22% U.S. aftermarket 2023.
- Chain stores sales $150 billion U.S. aftermarket 2023.
- Export of aftermarket parts from China $50 billion 2023.
- 50% of EV aftermarket sales digital in 2023.
- Jobber stores 40% market share U.S. 2023.
- Subscription models for parts 5% of sales growth 2023.
- B2B platforms 35% distribution in Europe 2023.
- Pickup sales at parts stores 25% total 2023 U.S.
- Global aftermarket logistics market $30 billion 2023.
- Women buyers 38% aftermarket online 2023.
- Same-day delivery offered by 60% retailers 2023.
- Aftermarket parts imports to U.S. $120 billion 2023.
Sales & Distribution Interpretation
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