PUBLISHER: Grand View Research | PRODUCT CODE: 1588732
PUBLISHER: Grand View Research | PRODUCT CODE: 1588732
Industry Size & Trends
The North America automotive aftermarket industry size was estimated at USD 108.73 billion in 2024 and is projected to grow at a CAGR of 2.5% from 2025 to 2030. The increasing average age of vehicles on the road leads to a higher demand for replacement parts and services, which is responsible for the market growth in North America. Technological advancements in vehicles have also spurred the growth of specialized aftermarket products, catering to the needs of modern, tech-savvy consumers.
The rise of e-commerce has made aftermarket parts more accessible, allowing consumers to purchase products online easily. With an increasing focus on vehicle customization and performance upgrades, the industry continues to expand its offerings. Moreover, partnerships between manufacturers and retailers have streamlined distribution channels, enhancing market efficiency. This combination of factors has contributed to a robust and upward trajectory for the aftermarket sector.
Shifting consumer preferences toward sustainability is also transforming the industry in North America. Many consumers are now opting for eco-friendly parts and services, creating demand for products such as fuel-efficient tires and alternative fuel conversion kits. The push for electric vehicles (EVs) has led to the emergence of new aftermarket segments, including battery replacements and EV-specific parts. Companies in the aftermarket industry are increasingly investing in research and development to stay ahead of these trends, ensuring they can meet evolving consumer needs. Furthermore, government regulations promoting environmental sustainability are encouraging the adoption of green technologies within the industry. With these shifts, businesses are finding opportunities to innovate while aligning with broader environmental goals. The growing consumer awareness of environmental impacts is thus driving both demand and innovation in this space.
As consumer-spending power fluctuates, many drivers are opting to maintain and repair their existing vehicles rather than purchase new ones, boosting aftermarket sales. Moreover, the increasing complexity of automotive technologies has led to a rise in professional service providers, creating opportunities for businesses offering specialized maintenance and repair services. The expansion of the ride-sharing economy has also driven demand for vehicle upkeep, as fleets require regular servicing to remain operational. Furthermore, market consolidation has been a trend, with larger companies acquiring smaller businesses to expand their reach and enhance their capabilities. Global supply chain disruptions, however, pose challenges for the industry, affecting the availability of parts and materials. Despite these challenges, the North American aftermarket industry is expected to maintain steady growth in the coming years.
North America Automotive Aftermarket Industry Report Segmentation
This report forecasts revenue growth at country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the North America automotive aftermarket industry report based on replacement part, distribution channel, service channel, certification type, and country-level.