Key Takeaways
- The U.S. auto care industry generated $71.5 billion in revenue from parts and components in 2022, marking a 4.2% increase from the previous year.
- Global automotive aftermarket size was valued at USD 384.76 billion in 2023 and is projected to reach USD 550.12 billion by 2030, growing at a CAGR of 5.2%.
- The North American automotive aftermarket is expected to grow from $270.9 billion in 2023 to $381.2 billion by 2032 at a CAGR of 3.9%.
- 72% of U.S. vehicle owners performed at least one DIY maintenance task in 2023.
- 68% of millennials prefer independent repair shops over dealerships for routine maintenance.
- Average annual spending per U.S. vehicle owner on maintenance and repairs was $1,243 in 2022.
- Tire segment accounted for 28% of U.S. aftermarket sales in 2022, totaling $20.1 billion.
- Brake parts represented 15.3% of aftermarket revenue at $10.9 billion in 2022.
- Battery sales in the U.S. aftermarket reached $4.2 billion in 2022, up 6.8%.
- The auto care industry employs over 4.7 million people in the U.S. as of 2023.
- Independent repair shops number 168,000 in the U.S., employing 1.2 million workers.
- Auto parts manufacturing supports 4.1 million jobs nationwide in 2022.
- 45% of aftermarket products now incorporate ADAS technology as of 2023.
- EV aftermarket parts market expected to grow at 25% CAGR to 2030.
- 62% of repair shops adopted diagnostic software in the last two years.
The auto care industry is thriving globally with strong growth and widespread DIY participation.
Consumer Trends & Behavior
- 72% of U.S. vehicle owners performed at least one DIY maintenance task in 2023.
- 68% of millennials prefer independent repair shops over dealerships for routine maintenance.
- Average annual spending per U.S. vehicle owner on maintenance and repairs was $1,243 in 2022.
- 55% of U.S. drivers delayed vehicle repairs in 2023 due to inflation concerns.
- Electric vehicle owners spend 30% less on maintenance compared to ICE vehicle owners annually.
- 41% of Gen Z consumers research auto parts online before purchasing in-store.
- Women account for 52% of auto care product purchases in the U.S. as of 2023.
- 64% of U.S. households own vehicles older than 6 years, driving higher aftermarket demand.
- Online auto parts sales grew 15.2% YoY to $25.6 billion in the U.S. in 2022.
- 78% of U.S. drivers prioritize fuel efficiency when choosing auto care products.
- 76% of Gen X drivers perform routine checks monthly.
- 59% of EV owners use mobile apps for maintenance scheduling.
- Hispanic consumers represent 22% of aftermarket spending growth.
- 67% prefer eco-friendly products, willing to pay 10% premium.
- Average repair delay now 2.3 months due to costs.
- 81% of boomers stick to same repair shop for loyalty.
- Online reviews influence 73% of service choices.
- Urban drivers spend 25% more on repairs than rural.
- 49% increased spending on premium parts post-pandemic.
Consumer Trends & Behavior Interpretation
Employment & Economic Impact
- The auto care industry employs over 4.7 million people in the U.S. as of 2023.
- Independent repair shops number 168,000 in the U.S., employing 1.2 million workers.
- Auto parts manufacturing supports 4.1 million jobs nationwide in 2022.
- Average wage for auto technicians is $52,000 annually in the U.S. 2023.
- The industry contributes $1.1 trillion to U.S. GDP, or 5% of total in 2022.
- 72,000 new jobs created in auto aftermarket in 2022 due to market growth.
- Women represent 12% of automotive technicians, up from 8% in 2018.
- Dealer service departments employ 450,000 technicians servicing 120 million vehicles annually.
- Shortage of 650,000 auto technicians projected by 2029 in North America.
- Auto care exports from U.S. totaled $45.2 billion in 2022, supporting 300,000 jobs.
- Auto care industry added 55,000 jobs in 2023.
- 3.2 million direct jobs in repair and retail.
- Turnover rate for technicians at 35% annually.
- Training investments total $2.5 billion yearly.
- Industry pays $250 billion in wages annually.
- 15% growth in female-owned repair shops.
- Apprenticeships enrolled 120,000 new workers.
- Tax revenue from industry $150 billion yearly.
- Supply chain jobs 1.8 million supported.
Employment & Economic Impact Interpretation
Market Size & Growth
- The U.S. auto care industry generated $71.5 billion in revenue from parts and components in 2022, marking a 4.2% increase from the previous year.
- Global automotive aftermarket size was valued at USD 384.76 billion in 2023 and is projected to reach USD 550.12 billion by 2030, growing at a CAGR of 5.2%.
- The North American automotive aftermarket is expected to grow from $270.9 billion in 2023 to $381.2 billion by 2032 at a CAGR of 3.9%.
- U.S. automotive aftermarket sales reached $413 billion in 2022, with a forecast to hit $500 billion by 2027.
- The European auto aftermarket generated €110 billion in 2022, up 2.5% from 2021.
- Asia-Pacific automotive aftermarket size stood at $145.3 billion in 2022, projected to grow at 6.8% CAGR to 2030.
- U.S. DIY auto care sales totaled $9.1 billion in 2022, representing 12.7% of total aftermarket sales.
- The global auto repair and maintenance market was valued at $803.2 billion in 2023, expected to reach $1,128.4 billion by 2031 at 4.3% CAGR.
- Latin America automotive aftermarket revenue hit $28.4 billion in 2022, with Brazil contributing 45%.
- U.S. commercial vehicle aftermarket projected to grow from $58.2 billion in 2023 to $82.7 billion by 2030 at 5.1% CAGR.
- U.S. auto care industry generated $73.2 billion in revenue from parts in 2023, up 2.4%.
- Global aftermarket CAGR forecasted at 4.8% from 2024-2030, reaching $492 billion.
- China's automotive aftermarket valued at $120 billion in 2023, growing 7.5%.
- U.S. heavy-duty aftermarket hit $37.5 billion in 2023.
- India auto aftermarket projected to reach $25 billion by 2027 at 9% CAGR.
- DIFM (Do-It-For-Me) segment dominates with 87% of U.S. aftermarket sales in 2023.
- Middle East aftermarket size $18.7 billion in 2023, CAGR 5.6% to 2030.
- U.S. light vehicle aftermarket $380 billion in 2023.
- Africa automotive aftermarket $12.4 billion, growing 6.2% annually.
Market Size & Growth Interpretation
Product & Service Segments
- Tire segment accounted for 28% of U.S. aftermarket sales in 2022, totaling $20.1 billion.
- Brake parts represented 15.3% of aftermarket revenue at $10.9 billion in 2022.
- Battery sales in the U.S. aftermarket reached $4.2 billion in 2022, up 6.8%.
- Oil and filter changes generated $12.5 billion in service revenue in 2022.
- Collision repair services comprised 22% of aftermarket, valued at $42.3 billion in 2023.
- Appearance products like car washes contributed $8.7 billion to U.S. aftermarket in 2022.
- Wiper blades sales hit $2.1 billion, holding 3% market share in 2022.
- Engine parts segment grew 5.1% to $9.8 billion in U.S. aftermarket 2022.
- Transmission repair services valued at $15.4 billion, 19% of service aftermarket.
- Chemical products like additives reached $3.5 billion in sales during 2022.
- Accessories segment $45.6 billion in U.S. 2023, 11% of market.
- Filters (air, fuel, cabin) $6.8 billion sales in 2023.
- Suspension/steering parts $11.2 billion, up 3.7%.
- Electrical parts $7.9 billion in 2023 aftermarket.
- Wheel alignment services $4.5 billion annually.
- Paint and body supplies $5.3 billion in collision segment.
- Lighting products $3.7 billion, LED growth 12%.
- Exhaust systems $4.1 billion sales 2023.
- HVAC components $2.9 billion in aftermarket.
Product & Service Segments Interpretation
Technology & Sustainability
- 45% of aftermarket products now incorporate ADAS technology as of 2023.
- EV aftermarket parts market expected to grow at 25% CAGR to 2030.
- 62% of repair shops adopted diagnostic software in the last two years.
- Sustainable tire recycling reached 85% rate in the U.S., diverting 2.6 million tons annually.
- Telematics-enabled vehicles in aftermarket services grew 18% to 15 million units in 2023.
- Bio-based lubricants market in auto care projected to hit $2.1 billion by 2028.
- 35% of new auto parts are remanufactured, reducing CO2 emissions by 50%.
- AI predictive maintenance tools adopted by 28% of U.S. fleets in 2023.
- Hydrogen fuel cell aftermarket components emerging, valued at $120 million in 2023.
- 52% of shops use cloud-based management systems.
- Recycled parts usage up 22% to 1.5 million tons.
- Connected diagnostics market $8.2 billion by 2028.
- Low-emission paints adopted by 48% of bodyshops.
- Blockchain for parts traceability in 12% of chains.
- 3D printing for custom parts grew 40%.
- Solar-powered diagnostic tools in 5% of shops.
- AR repair guides used by 29% technicians.
- Carbon-neutral lubricants $1.2 billion market.
- Autonomous repair robots piloted in 3% fleets.
Technology & Sustainability Interpretation
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