Global Automotive Aftermarket Outlook, 2025
Description
The study has a base year of 2024 and forecasts trends through 2029. It adopts a global perspective, offering region-specific insights for North America (Canada and the United States), Europe, China, India, Latin America, Gulf Cooperation Council (GCC) nations, and the Rest of the World—though the latter is not explored in depth.
Frost & Sullivan’s analysis focuses on light vehicles with gross vehicle weight ratings (GVWR) of up to 6 metric tons, which include:
- Passenger vehicles: such as sedans, hatchbacks, SUVs, multipurpose vehicles, and vans
- Light commercial vehicles: such as pickup trucks
The findings indicate that global aftermarket revenues have been strongly influenced by favorable demand dynamics—a trend expected to persist into 2025. Robust growth projections for China and India are supported by encouraging market signals from North America and Europe. Contributing factors include aging vehicle fleets, increasing annual mileage, and a rising number of vehicles on the road. As customers strive to maximize the return on their aftermarket purchases, industry players are encouraged to adopt innovative strategies and deliver tailored solutions to capitalize on emerging opportunities. This period is also critical for suppliers aiming to chart a long-term growth trajectory.
Key trends identified by Frost & Sullivan as shaping the global automotive aftermarket in 2024 include potential impacts from proposed Trump-era tariffs, increasing electrified vehicle (xEV) adoption, advancements in technology-driven solutions, and the increasing role of software-defined vehicles and their implications for aftersales service.
These trends point to significant opportunity areas for stakeholders across the value chain.
Additional insights covered in the report include regional variations in market dynamics, changes in the 2024 landscape that will influence 2025, prominent activities by original equipment manufacturers (OEMs), and local market opportunities available to aftermarket participants in each region.
Frost & Sullivan’s analysis focuses on light vehicles with gross vehicle weight ratings (GVWR) of up to 6 metric tons, which include:
- Passenger vehicles: such as sedans, hatchbacks, SUVs, multipurpose vehicles, and vans
- Light commercial vehicles: such as pickup trucks
The findings indicate that global aftermarket revenues have been strongly influenced by favorable demand dynamics—a trend expected to persist into 2025. Robust growth projections for China and India are supported by encouraging market signals from North America and Europe. Contributing factors include aging vehicle fleets, increasing annual mileage, and a rising number of vehicles on the road. As customers strive to maximize the return on their aftermarket purchases, industry players are encouraged to adopt innovative strategies and deliver tailored solutions to capitalize on emerging opportunities. This period is also critical for suppliers aiming to chart a long-term growth trajectory.
Key trends identified by Frost & Sullivan as shaping the global automotive aftermarket in 2024 include potential impacts from proposed Trump-era tariffs, increasing electrified vehicle (xEV) adoption, advancements in technology-driven solutions, and the increasing role of software-defined vehicles and their implications for aftersales service.
These trends point to significant opportunity areas for stakeholders across the value chain.
Additional insights covered in the report include regional variations in market dynamics, changes in the 2024 landscape that will influence 2025, prominent activities by original equipment manufacturers (OEMs), and local market opportunities available to aftermarket participants in each region.
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