FREE 1 to 3-Day Delivery on Orders $119+ Details

Hello, Sign In My Account
Sign In
New Customer? Start Here
Cart(0)
View Cart (0)

Talk to a Sales Tech

1-888-706-1096

M-F 8:30A-11P, Sat-Sun 8:30A-9P

Choose Vehicle

Blog

54 Automotive Aftermarket Industry Statistics [2023]

By:

Andrew Cilio

/ Jan 20 2023

54 Automotive Aftermarket Industry Statistics [2023]

Aftermarket vehicle products—basically parts and accessories you buy after buying your vehicle to mod, repair, or maintain it—are becoming more and more sought after. The U.S. is very much a driving country, so it shouldn't come as a shock that the American segment of the market is bustling. As drivership in other countries continues to grow, so does their aftermarket industry, leading this to become a thriving global marketplace.

But what products are people buying the most? Which are poised for the most growth over the next decade? What driving habits and product applications are becoming more valuable, and how has the COVID-19 pandemic affected the global market?

We'll dive into all this and a whole lot more with what we believe are some of the most telling automotive aftermarket industry statistics.

Automotive Aftermarket Industry Trends
U.S. Aftermarket Automotive Statistics
Global Aftermarket Automotive Statistics
Aftermarket Sales Statistics by Application
Aftermarket Replacement Part Statistics
Aftermarket Rearview Mirror Statistics
E-commerce Automotive Aftermarket Sales Statistics
Automotive Aftermarket Jobs Statistics
Automotive Aftermarket Industry Statistics: Final Thoughts
Automotive Aftermarket FAQs

Automotive Aftermarket Industry Trends

The older the car, the more likely it is to need parts and repairs, so the increasing average vehicle age bodes well for the automotive aftermarket industry. Here's more on how vehicle age and the industry as a whole are expected to change over the coming years.

The automotive aftermarket industry is expected to reach a compound annual growth rate (CAGR) of just under 3.4% by 2030 according to Grand View Research, but according to Global Market Insights, it could reach 6.4% by 2028. (Grand View Research, Global Market Insights)
By 2030, the wholesalers and distributors distribution channel is expected to grow by a CAGR of 3.45% from its 2020 valuation of nearly $179 billion. (Precedence Research)
At a 72% share, the biggest product category as of 2021 is Original Equipment Manufacturers (OEM), with the Original Equipment in general projecting to maintain the largest share by 2030. (Straits Research)
By 2030, the certified parts segment of the global automotive aftermarket industry is expected to grow at a CAGR of 4.64% from its 2020 valuation of over $166 billion. (Precedence Research)
At 52%, genuine parts is the largest certification class of products, though the uncertified product category is projected to grow by 2030. (Straits Research)
Straits Research identified increased consumer interest in EVs and the growing OEM market as key market drivers. (Straits Research)
There has been a 14% increase in the age of automobiles from the past six years, serving as a positive sign for the development of the market. (Precedence Research)
IHS Markit predicts that there will be 84 million vehicles on the road that are 16 years old or older by 2023, an increase of 22% from 2002. (IHS Markit)
From 2016 to 2022, the average age of automobiles in the U.S. rose by 14%. (Precedence Research)

Bar graph with text about consumer interests that are driving the aftermarket industry statistics.

U.S. Aftermarket Automotive Statistics

The U.S. automotive industry has a long history of success, and the aftermarket segment is no exception. In a country with an immense amount of drivers and automotive enthusiasts, aftermarket sales are projected to reach billions of dollars over the next few years.

In 2020, the U.S. automotive aftermarket industry was valued at $50.08 billion and is projected to see a 3.83% CAGR by 2027. (Precedence Research)
In the short term, the U.S. aftermarket industry is projected to reach $372 billion by 2024. (IHS Markit; Statista; PR Newswire)
The motor vehicle and parts dealers industry accounted for over $216 billion of U.S. economic growth in 2021. (BEA)
By revenue, North America held the biggest market share of any region in the world in 2020 at 35.5%, with a total value of over $245 billion, according to Precedence Research. (Precedence Research)
From 2020 to 2027, the North American region is expected to reach a CAGR of 4.2%. (Precedence Research)
By 2028, it's estimated that North America's automotive aftermarket revenue will hit $275 billion. (Global Market Insights)

Global Aftermarket Automotive Statistics

The automotive aftermarket industry is growing in many parts of the world. Some data show that the Asia Pacific region is leading the way, while other indicators show North America as the biggest market. In either case, the market as a whole looks poised to expand across the globe.

As of 2021, the global automotive aftermarket industry is valued at over $406 billion. (Straits Research)
The biggest sector of the aftermarket industry is retail, at 56.6%. (Straits Research)
The COVID-19 pandemic led to a relatively low 3.1% growth rate for the automotive aftermarket industry's global market. (Fortune Business Insights)
The Asia-Pacific region held the biggest market share (28.2%) of the automotive aftermarket industry in 2021. (Straits Research)
From 2016 to 2027, Europe is estimated to hold a 24.15% market share of the global automotive aftermarket industry. (Precedence Research)
In 2021, the leading global automotive suppliers by revenue were Germany's Bosch ($49.41 billion), Japan's Denso ($43.57 billion), Germany's ZF Friedrichshafen ($39.3 billion), Canada's Magna ($36.2 billion), and Japan's Aisin Seiki ($33.48 billion). (Automotive News; Crain; PublicNewsTime.com)

Aftermarket Sales Statistics by Application

While many automotive aftermarket customers buy parts with the intent to handle installation themselves, the majority buy parts so that others can do it for them. Here's more on how buyer application intention breaks down.

In North America, DIY (Do it Yourself) is expected to have the highest CAGR by 2027 (5.28%), followed by DIFM (Do it for Me) (3.89%) and OE (Delegating to OEM’s) (3.72%). (Precedence Research)
The DIFM application segment of aftermarket products represented a 73% global market share over DIY (15%) and OE (12%) in 2021. (Precedence Research)
Valued at nearly $380 billion globally in 2020, DIFM is projected to see a CAGR of nearly 4.5% by 2027. (Precedence Research)
DIFM, DIY, and OE accounted for $254 billion in total value in 2021 in North America and are projected to see a combined CAGR of 4.2% by 2027. (Precedence Research)

Aftermarket Replacement Part Statistics

Replacement parts account for the majority of automotive aftermarket sales, with batteries, replacement tires, filters, and brake parts leading the way in terms of anticipated CAGR.

From 2019 to 2026, the automotive alloy wheel market is projected to see a CAGR of 3.1% worldwide. (Straits Research)
The largest share of the automotive alloy wheels market belongs to the Asia-Pacific region. (Straits Research)
At $700 billion, by 2028, it's estimated that replacement parts will account for almost an 80% revenue share among automotive aftermarket products. (Global Market Insights)
The product types with the highest projected CAGR by 2027 are batteries (5.73%), tires (5.47%), filters (4.94%), and brake parts (4.05%). (Precedence Research)
By 2028, the filters segment of automotive aftermarket products is expected to see a 3% CAGR. (Fortune Business Insights)
In 2020, brake pads represented a 5.67% market share among aftermarket product types. (Fortune Business Insights)
In 2021, the "others" sector held the highest share (48.7%) of the accessories market, compared to the tire, battery, brake parts, filters, body parts, lighting and electronic components, wheels, exhaust components, and turbochargers sectors. (Straits Research)
Valued at nearly $1.6 billion in 2022, the global automotive head-up display market size may grow by a CAGR of 23.6% to $10.57 billion by 2031. (Straits Research)
On average, owners of cars with internal combustion engines are expected to pay 40% more on parts ($940) than owners of battery-electric vehicles ($565) in 2030. (McKinsey)

Graphic with text showing the product types with the highest projected CAGR by 2027.

Aftermarket Rearview Mirror Statistics

The numbers show that rearview mirrors represent a surprisingly big opportunity within the aftermarket replacement parts market. With nearly an 8% projected CAGR by the end of the decade, this class of parts shows strong growth potential.

By 2030, the global rearview mirror market could achieve a 7.83% CAGR and reach a total value of over $15.2 billion. (Straits Research)
Interior mirrors represent the biggest segment within the automotive aftermarket mirror market, with an anticipated CAGR of 7.74% and a projected 2030 revenue of $10.67 billion. (Straits Research)
Passenger vehicles hold a higher share of the automotive rearview mirror market than commercial vehicles with a projected CAGR of 8.28% and a projected revenue of over $11 billion by 2030. (Straits Research)
Out of power-controlled, blind spot detection, auto foldable, heating function, and other automotive rearview mirror types, the largest market share belongs to power-controlled, which are projected to have a CAGR of 7.45% and a revenue of over $5.77 billion by 2030. (Straits Research)
At $5.2 billion in 2021, OEM automotive rearview mirrors held a greater market share than the aftermarket segment. (Straits Research)
With a projected CAGR of 8.63% and a projected revenue of nearly $8 billion, the Asia-Pacific region is expected to be the biggest automotive rearview mirror market in the world by 2030. (Straits Research)

E-commerce Automotive Aftermarket Sales Statistics

It should come as no surprise that, like virtually all industries, the automotive aftermarket industry's e-commerce opportunities are continuing to grow.

E-commerce component sales may grow by 20% or more by 2035. (Straits Research)
Online aftermarket replacement parts sales in the U.S. reached $19 billion in 2022. (Hedges & Company; Digital Commerce 360)
Pure-play online retailers in the U.S. automotive aftermarket reached $12.9 billion in 2022. (TechNavio; William Blair)
By 2027, it's anticipated that the global online automotive aftermarket industry could reach a value of $140 billion. (Global Market Insights)
The fastest-growing product website categories are wheels, tires, and paint. (Precedence Research)
In 2022, online automotive parts and accessories sales in the U.S. grew by 4.5% to $8.1 billion. (IBISWorld)

Graphic showing e-commerce automotive aftermarket industry statistics.

Automotive Aftermarket Jobs Statistics

Interested in working in the automotive aftermarket industry? The U.S. auto industry as a whole provides millions of jobs across the country, including several million within the automotive aftermarket segment, with positions ranging from marketing and sales to engineering and even racing support.

In the U.S., the auto parts manufacturing industry accounts for 152,018 jobs. (IBISWorld)
Among all U.S. automotive industry types the motor vehicle and parts dealers segment employs the most Americans with an employment total of nearly 2 million. (Bureau of Labor Statistics)
The auto parts, accessories, and tire stores employment segment accounts for just over 573,000 jobs in the U.S. (Bureau of Labor Statistics)
The highest paying job type among all automotive industries is motor vehicles manufacturing, at nearly $32/hour. (Bureau of Labor Statistics)
Motor vehicle manufacturing employees also work more hours than any other automotive employee, averaging 43 hours/week. (Bureau of Labor Statistics)
On average, jobs in the U.S. automotive industry pay $25.97/hour across all employment segments. (Bureau of Labor Statistics)
The automotive aftermarket industry accounts for nearly 4 million jobs. (Specialty Equipment Market Association)
Job fields in the automotive aftermarket industry include engineering, sales, customer service, marketing, IT, and racing. (Specialty Equipment Market Association)

Automotive Aftermarket Industry Statistics: Final Thoughts

While the industry as a whole is projected to continue growing over the next few years, these automotive aftermarket industry statistics show that some product areas (like rearview mirrors and head-up displays) are poised for particularly high CAGRs.

As far as where people are buying the most aftermarket products, North America and Asia are leading the way in terms of revenue. And whether it's for cars, trucks, or pickups, private consumers worldwide are increasingly looking to buy these products online.

Infographic showing various automotive aftermarket industry statistics.

Automotive Aftermarket FAQs

What Is the Automotive Aftermarket Industry?

Aftermarket refers to the goods and services sold to people after they buy something. In the context of the automotive industry, that means items like tires, rims, trailer hitches, engine parts like spark plugs, paint, tonneau covers, and installations that improve a vehicle's performance or repair and maintain its condition.

How Big of an Industry Is Automotive Aftermarket?

The automotive aftermarket industry is valued at over $406 billion dollars. By 2028, it's expected that the market as a whole will achieve a compound annual growth rate (CAGR) of as much as 5.4%.

How Many Jobs Are Available in the Automotive Aftermarket Industry?

There are nearly 4 million jobs in the automotive aftermarket industry, according to SEMA, the Specialty Equipment Market Association. Bureau of Labor Statistics data shows that stores specializing in auto parts, accessories, and tires account for over half a million jobs in the U.S.

Is the Automotive Aftermarket a Good Career Path?

BLS data shows that people who work in auto parts, accessories, and tire stores make an average wage of $21.05/hour. However, there are millions of jobs in the automotive aftermarket industry, including roles in tech, sales, marketing, and engineering fields. Car enthusiasts from a wide range of professional backgrounds can find interesting work with well-paying career paths in the automotive aftermarket.

Word on the Trail

They had the product I wanted and confirmed fitment with my truck. The price was great and had free 2-day shipping. So far very happy and will shop here again in the future.

jerssmith01

Previous Slide Next Slide

Have a minute to review your recent purchases?

54 Automotive Aftermarket Industry Statistics [2023]

Contents

Automotive Aftermarket Industry Trends

U.S. Aftermarket Automotive Statistics

Global Aftermarket Automotive Statistics

Aftermarket Sales Statistics by Application

Aftermarket Replacement Part Statistics

Aftermarket Rearview Mirror Statistics

E-commerce Automotive Aftermarket Sales Statistics

Automotive Aftermarket Jobs Statistics

Automotive Aftermarket Industry Statistics: Final Thoughts

Automotive Aftermarket FAQs

What Is the Automotive Aftermarket Industry?

How Big of an Industry Is Automotive Aftermarket?

How Many Jobs Are Available in the Automotive Aftermarket Industry?

Is the Automotive Aftermarket a Good Career Path?

Recently Viewed

Community Support

Scholarships

Blog

Positive Payload

Word on the Trail