Buckle up: the automotive aftermarket is a half-trillion-dollar global powerhouse, fueled by aging vehicles and passionate DIYers, with explosive growth projected in every corner of the world from Detroit to Delhi.
Key Takeaways
- The global automotive aftermarket size was valued at USD 438.1 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030, driven by rising vehicle ownership and aging vehicle fleets.
- In 2022, U.S. aftermarket parts sales reached $47.7 billion for light vehicles, with collision repair accounting for 28% of total sales.
- The aftermarket auto parts market in Europe generated €120.5 billion in revenue in 2023, primarily from replacement parts.
- The global aftermarket is expected to grow from USD 450 billion in 2024 to USD 620 billion by 2032 at a CAGR of 4.1%.
- U.S. aftermarket CAGR projected at 3.8% from 2024-2030, reaching $550 billion.
- Europe aftermarket expected to grow at 3.5% CAGR to €150 billion by 2030.
- U.S. aftermarket sales in California accounted for 12.5% of national total in 2023, equating to $6 billion.
- Texas light vehicle aftermarket sales reached $4.2 billion in 2022.
- Germany's aftermarket collision repair segment generated €12.3 billion in 2023.
- Global replacement parts segment held 62% of aftermarket in 2023.
- U.S. brake components accounted for 15% of aftermarket sales in 2023, $7.2 billion.
- Tires represented 22% of global aftermarket revenue in 2023.
- Global online aftermarket sales channel captured 21% market share in 2023, USD 93 billion.
- U.S. brick-and-mortar auto parts stores held 45% of sales in 2023.
- Amazon captured 28% of U.S. online aftermarket parts sales in 2023.
The global aftermarket auto parts industry is large and growing steadily worldwide.
Distribution Channels and E-commerce
- Global online aftermarket sales channel captured 21% market share in 2023, USD 93 billion.
- U.S. brick-and-mortar auto parts stores held 45% of sales in 2023.
- Amazon captured 28% of U.S. online aftermarket parts sales in 2023.
- Europe independent repair shops distributed 52% of aftermarket parts.
- China's Taobao/JD.com platforms accounted for 40% e-commerce aftermarket sales.
- U.S. warehouse distributors handled 35% of parts flow in 2023.
- India Flipkart e-commerce share in aftermarket grew to 15% in 2023.
- OEM dealer networks sold 18% of aftermarket parts globally.
- AutoZone U.S. stores generated $14.5 billion in aftermarket sales 2023.
- Europe online platforms reached 25% channel share by 2023.
- Brazil Mercado Livre dominated 22% online aftermarket sales.
- Global mass merchant stores (Walmart) 12% aftermarket share.
- Advance Auto Parts chain sales $11.3 billion in 2023.
- Asia-Pacific quick service bays distributed 28% parts.
- O'Reilly Automotive U.S. revenue $15.2 billion from stores/online.
- Direct-to-consumer online sales grew 18% YoY in Europe 2023.
- Independent wholesalers 30% global distribution share.
- RockAuto online platform served 5% U.S. e-com aftermarket.
- Franchise repair chains 22% parts sales in North America.
- Alibaba's automotive section hit RMB 300 billion sales 2023.
- Tire specific online sales 35% channel penetration globally.
- U.S. mobile apps for parts ordering 8% of e-com sales.
- Multi-brand parts stores 40% Europe channel dominance.
- eBay Motors captured 12% U.S. online used/new parts.
- Fleet maintenance channels 15% heavy-duty aftermarket.
Distribution Channels and E-commerce Interpretation
While traditional auto parts stores still cling to their wrenches, the global aftermarket is clearly shifting gears online, with e-commerce giants and specialized platforms now vying for a major piece of the lucrative repair pie.
Growth Rates and Projections
- The global aftermarket is expected to grow from USD 450 billion in 2024 to USD 620 billion by 2032 at a CAGR of 4.1%.
- U.S. aftermarket CAGR projected at 3.8% from 2024-2030, reaching $550 billion.
- Europe aftermarket expected to grow at 3.5% CAGR to €150 billion by 2030.
- Asia-Pacific aftermarket CAGR of 6.2% forecasted from 2024-2028.
- China's aftermarket projected to reach RMB 2 trillion by 2028 at 10% CAGR.
- India aftermarket growth rate of 11.5% CAGR to USD 35 billion by 2029.
- North America DIY segment CAGR 5.1% through 2030.
- EV aftermarket global CAGR 22.4% from 2024-2030 to USD 85 billion.
- Latin America aftermarket 4.8% CAGR to USD 55 billion by 2030.
- U.S. e-commerce aftermarket CAGR 12% to $150 billion by 2030.
- Australia aftermarket projected CAGR 4.2% to AUD 12 billion by 2028.
- Middle East aftermarket CAGR 5.5% to USD 35 billion by 2030.
- South Korea aftermarket growth 4.8% CAGR to KRW 35 trillion by 2030.
- Brazil aftermarket CAGR 6.1% to BRL 140 billion by 2029.
- Global tire aftermarket CAGR 4.5% to $35 billion by 2030.
- Japan aftermarket CAGR 2.8% to JPY 4.5 trillion by 2030.
- Africa aftermarket projected 7.2% CAGR to USD 20 billion by 2030.
- Canada aftermarket CAGR 3.9% to CAD 25 billion by 2030.
- Southeast Asia CAGR 7.8% to USD 75 billion by 2030.
- Global brake parts CAGR 4.0% to USD 85 billion by 2032.
- UK aftermarket growth 3.2% CAGR to £18 billion by 2030.
- Mexico CAGR 5.3% to MXN 400 billion by 2030.
- Turkey aftermarket CAGR 8.1% to TRY 200 billion by 2030.
- Global suspension CAGR 4.3% to USD 70 billion by 2030.
- France CAGR 3.4% to €32 billion by 2030.
- Russia aftermarket growth 4.6% CAGR to RUB 2 trillion by 2030.
- Global lighting aftermarket CAGR 5.2% to USD 42 billion by 2030.
- Germany CAGR 3.1% to €48 billion by 2030.
- Thailand CAGR 6.5% to THB 700 billion by 2030.
Growth Rates and Projections Interpretation
While traditional repair shops will keep the lights on with steady, global growth, the real race is being won by nimble electric vehicle specialists, Asian economies, and online retailers who are flooring it past everyone else.
Market Size and Revenue
- The global automotive aftermarket size was valued at USD 438.1 billion in 2023 and is projected to grow at a CAGR of 4.2% from 2024 to 2030, driven by rising vehicle ownership and aging vehicle fleets.
- In 2022, U.S. aftermarket parts sales reached $47.7 billion for light vehicles, with collision repair accounting for 28% of total sales.
- The aftermarket auto parts market in Europe generated €120.5 billion in revenue in 2023, primarily from replacement parts.
- China's automotive aftermarket was valued at RMB 1.2 trillion (USD 170 billion) in 2023, with e-commerce contributing 35%.
- The DIY segment of the global aftermarket held 42% market share in 2023, equating to USD 184 billion in sales.
- North American aftermarket sales for heavy-duty trucks reached USD 12.5 billion in 2022.
- India's aftermarket parts market size stood at USD 15.4 billion in FY2023, growing 12% YoY.
- The Latin American automotive aftermarket was worth USD 38.2 billion in 2023.
- U.S. tire aftermarket sales totaled $24.1 billion in 2023.
- Global aftermarket e-commerce sales hit USD 92 billion in 2023, up 15% from 2022.
- The Australian aftermarket generated AUD 8.7 billion (USD 5.8 billion) in 2023.
- Middle East aftermarket size reached USD 22.4 billion in 2023.
- South Korea's aftermarket sales were KRW 25 trillion (USD 18.5 billion) in 2023.
- Brazil's aftermarket market valued at BRL 85 billion (USD 17 billion) in 2023.
- The global electric vehicle aftermarket size was USD 12.3 billion in 2023.
- U.S. performance parts aftermarket sales hit $50.6 billion in 2022.
- Japan's aftermarket revenue stood at JPY 3.5 trillion (USD 23 billion) in FY2023.
- Africa automotive aftermarket size estimated at USD 10.8 billion in 2023.
- Canada aftermarket sales reached CAD 18.2 billion (USD 13.4 billion) in 2023.
- Southeast Asia aftermarket valued at USD 45.6 billion in 2023.
- Global brake parts aftermarket generated USD 65.4 billion in 2023.
- UK aftermarket sales totaled £14.2 billion (USD 18 billion) in 2023.
- Mexico aftermarket size was MXN 250 billion (USD 14.5 billion) in 2023.
- Turkey's aftermarket revenue hit TRY 120 billion (USD 4.2 billion) in 2023.
- Global suspension parts aftermarket valued at USD 52.1 billion in 2023.
- France aftermarket sales reached €25.6 billion in 2023.
- Russia aftermarket size estimated at RUB 1.2 trillion (USD 13 billion) in 2023.
- Global lighting aftermarket generated USD 28.7 billion in 2023.
- Germany aftermarket revenue was €38.4 billion in 2023.
- Thailand aftermarket sales totaled THB 450 billion (USD 13 billion) in 2023.
Market Size and Revenue Interpretation
It seems that as the world's cars grow older and more numerous, a global army of drivers, mechanics, and DIY enthusiasts is spending nearly half a trillion dollars annually just to keep the whole rickety show on the road.
Regional and Country-Specific Data
- U.S. aftermarket sales in California accounted for 12.5% of national total in 2023, equating to $6 billion.
- Texas light vehicle aftermarket sales reached $4.2 billion in 2022.
- Germany's aftermarket collision repair segment generated €12.3 billion in 2023.
- China's Guangdong province aftermarket sales hit RMB 150 billion in 2023.
- India's Maharashtra aftermarket valued at INR 120 billion (USD 1.45 billion) in FY2023.
- Ontario, Canada aftermarket sales totaled CAD 4.5 billion in 2023.
- Brazil's Sao Paulo state aftermarket reached BRL 25 billion in 2023.
- UK's London region aftermarket sales £2.1 billion in 2023.
- Japan's Tokyo aftermarket generated JPY 450 billion in FY2023.
- Mexico City aftermarket sales MXN 60 billion in 2023.
- Australia's New South Wales aftermarket AUD 2.2 billion in 2023.
- France's Ile-de-France aftermarket €4.8 billion in 2023.
- South Korea's Seoul aftermarket KRW 6 trillion in 2023.
- Turkey's Istanbul aftermarket TRY 35 billion in 2023.
- Thailand's Bangkok aftermarket THB 120 billion in 2023.
- Russia's Moscow aftermarket RUB 250 billion in 2023.
- U.S. Florida aftermarket sales $3.1 billion in 2023.
- Italy's Lombardy region aftermarket €5.2 billion in 2023.
- Indonesia's Java island aftermarket USD 8.5 billion in 2023.
- Spain's Catalonia aftermarket €3.4 billion in 2023.
- Poland's Mazovia aftermarket PLN 15 billion in 2023.
- Argentina's Buenos Aires aftermarket ARS 500 billion in 2023.
- South Africa's Gauteng aftermarket ZAR 45 billion in 2023.
- Vietnam's Ho Chi Minh City aftermarket VND 200 trillion in 2023.
- Netherlands' Randstad aftermarket €2.8 billion in 2023.
- Sweden's Stockholm aftermarket SEK 35 billion in 2023.
- U.S. New York aftermarket $2.9 billion in 2023.
Regional and Country-Specific Data Interpretation
From California's chrome to Tokyo's turbochargers, the global aftermarket industry proves that no matter the currency or continent, people will spend staggering sums to keep their beloved, and often aging, vehicles from becoming very expensive lawn ornaments.
Segment and Product Breakdown
- Global replacement parts segment held 62% of aftermarket in 2023.
- U.S. brake components accounted for 15% of aftermarket sales in 2023, $7.2 billion.
- Tires represented 22% of global aftermarket revenue in 2023.
- Battery segment in Europe aftermarket was 8% share, €9.6 billion in 2023.
- Exhaust systems global aftermarket 7.5% share, USD 33 billion in 2023.
- Filters (oil, air) comprised 12% of U.S. aftermarket, $5.7 billion.
- Body parts/collision repair 25% of North America aftermarket.
- Lighting products 6% global share, USD 26 billion in 2023.
- Suspension/steering 10% of Asia-Pacific aftermarket.
- Engine parts 18% share in China's aftermarket.
- DIY accessories 14% of U.S. sales, $6.7 billion.
- Transmission components 9% global aftermarket.
- Wheels/rims 5% share in Europe, €6 billion.
- Electrical parts 11% of India aftermarket.
- Performance upgrades 4% global, USD 18 billion.
- Cooling systems 3.5% share worldwide.
- Wipers 2.8% of total sales globally.
- Interior accessories 7% in Australia aftermarket.
- Heavy-duty parts 20% of U.S. truck aftermarket.
- EV-specific parts 2% global but growing.
- Oil change services tied to 15% parts sales.
- Radiators 1.5% share in Europe.
- Clutches 4% in manual transmission markets.
- Sensors/electronics 13% rising share globally.
- Bumpers/body panels 9% collision share.
- Belts/hoses 3% maintenance segment.
Segment and Product Breakdown Interpretation
While brakes, tires, and collisions drive the bulk of the aftermarket's $33 billion exhaust note, it's the quiet hum of rising sensors and silent growth of EV parts that truly signals where this industry is headed.
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