Automotive Aftermarket Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)

The global automotive aftermarket market reached a value of about USD 503.29 Billion in 2024. The market is further estimated to grow at a CAGR of 4.60% in the forecast period of 2025-2034 to reach a value of around USD 789.11 Billion by 2034.

Robust Growth of the OEM Segment to Propel the Market Growth of Automotive Aftermarket

Based on the distribution channel, the thriving OEM segment is driving the market for automotive aftermarket owing to their expanding presence in the aftermarket activities. The OEMs' investments in customer experience optimisation efforts are bolstering the market expansion. In addition, the initiatives of OEMs in creating their own networks of non-car brand-specific repair shops and introducing second service formats or remanufactured parts to compete with independent market players are providing impetus to the market development of automotive aftermarket. Moreover, the digitalisation of internal processes and customer interfaces is adding value to OEMs which is resulting in the burgeoning of the market for the automotive aftermarket. Also, the ability of OEMs to develop superior analytical capabilities and the increasing ownership of propriety data, leverage cars through connectivity control is leading to the augmenting of the market. Further, OEMs' partnerships and new ventures are expected to aid the market for the automotive aftermarket in the forecast period.

Market Segmentation

The automotive aftermarket is a secondary market related to the automobile industry that deals with the manufacturing, distribution, retailing and installation of vehicle parts after the sale of the vehicle from the original equipment manufacturer. The aftermarket helps to optimise the utility of an automobile with several innovative services.

The market for automotive aftermarket, by replacement part, is divided into:

• Tyre
• Battery
• Brake Parts
• Filters
• Body Parts
• Lighting and Electronic Components
• Wheels
• Exhaust Components
• Turbochargers
• Others

Based on vehicle, the market is classified into:

• Passenger Vehicles

  

Mini

  

Hatchbacks

  

Sedans

  

SUV’s

  

Sports Cars

• Commercial Vehicles

  

Light Commercial Vehicles

  

Heavy Commercial Vehicles

On the basis of propulsion, the market is segmented into:

• IC-Engine
• Electric
• Others

Based on distribution channel, the market is divided into:

• Authorised Channel
• OEM

On the basis of service channel, the market is bifurcated into:

• Do It Yourself (DIY)
• Do It For Me (DIFM)

Based on certification, the market is classified into:

• Genuine Parts
• Certified Parts
• Uncertified Parts

Based on region, the market is classified into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Growing Demand for Aftermarket Parts and Services to Drive the Market Growth of Automotive Aftermarket

The growing awareness among customers regarding the importance of scheduled servicing and preventive maintenance is leading to the increasing demand for aftermarket parts and services, thereby invigorating the market for the automotive aftermarket. In addition, the expanding automotive industry and the rising sales of vehicles are contributing to the market growth of the automotive aftermarket. Moreover, automotive aftermarket services play a critical role in prolonging the life of vehicles and maximising the lifetime value of vehicles. The higher transparency of prices and offering of diverse automobile parts provides the customers with options, which is providing impetus to the market expansion of automotive aftermarket. Also, the digitalisation of automotive aftermarket and the incorporation of new services is significantly catalysing the market development. The digital channels and interfaces help the market players to connect to the customers and boost sales, thus accelerating the market expansion of the automotive aftermarket. Further, the investments made by the governments worldwide in areas related to vehicles and automotive parts are anticipated to impel the market for the automotive aftermarket in the forecast period.

Key Players in the Global Automotive Aftermarket Market

The report gives a detailed analysis of the following key players in the global automotive aftermarket market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Continental AG
• The Goodyear Tire & Rubber Company
• Delphi Technologies (BorgWarner Inc.)
• DENSO Corporation
• Robert Bosch GmbH
• ZF Friedrichshafen AG
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
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