U.S. Automotive Aftermarket: Insights & Forecast with Potential Impact of COVID-19 (2024-2028)
The U.S. automotive aftermarket is expected to record a value of US$494.01 billion in 2028, growing at a CAGR of 3.08%, for the duration spanning 2024-2028. The factors such as growth in automotive production, upsurge in used car sales, rising number of smartphone users, acceleration in electric vehicle sales and rapid urbanization would drive the growth of the market. However, the market growth would be challenged by expansion of ride-sharing services and rise in aftermarket fraudulent. A few notable trends may include growth in average age of vehicles, expansion of automotive dealer on online platforms and launch of new & advanced car accessories.
The automotive aftermarket in the U.S. is growing enormously, due to the presence of well established automotive industry. The aftermarket in the automotive industry is comprised of the auto services and parts businesses. Favourable government policies, regulations, and subsidies in the U.S. are driving the demand for electric vehicles, leading to the increasing use of lightweight auto parts in the EV production to increase efficiency, which is likely to support the growth of the U.S. automotive aftermarket in coming years.
Key players operating in the automotive aftermarket in the U.S. include 3M Company, Lear Corporation, AutoZone, O'Reilly Auto Parts, Advance Auto Parts and Cooper Tire & Rubber Company. High competition in the market has encouraged key players to gain a competitive edge by focusing on offering high-quality products. With the increasing price competitiveness in the U.S. market, various companies are challenged to provide innovative offerings to help consumers address the changing technologies at an economical price, which is eventually aiding the market growth.
Scope of the report:
The report provides a comprehensive analysis of the U.S. automotive aftermarket.
The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
The company profiles of leading players (3M Company, Lear Corporation, AutoZone, O'Reilly Auto Parts, Advance Auto Parts and Cooper Tire & Rubber Company) are also presented in detail.
Key Target Audience:
Auto Parts & Components Manufacturers
Auto Service Providers
Raw Material Suppliers
End Users (Automotive Industry, Ecommerce Industry, Business Entities and Consumers)
Investment Banks
Government Bodies & Regulating Authorities
- 1. Overview
- 1.1 Introduction
- Table 1: Components of Automotive Aftermarket
- 1.2 Value Chain of OEM/OES in Aftermarket
- Table 2: Value Chain of OEM/OES in Aftermarket
- 1.3 Top Ten Trends in Automotive Aftermarket
- Table 3: Top Ten Trends in Automotive Aftermarket
- 1.4 The Future Development Direction of the Automobile Industry
- 1.5 Automotive Aftermarket Distribution Channels
- Table 4: Automotive Aftermarket Distribution Channels
- 2. Impact of COVID-19
- 2.1 Decline in Motor Vehicle Sales
- Table 5: The U.S. Motor Vehicle Sales (2019-2020)
- 2.2 Downfall in Consumer Spending
- Table 6: The U.S. Personal Consumption Expenditures on Motor Vehicle Maintenance and Repair (2018-2020)
- 2.3 Impact on Automotive Dealership
- Table 7: Number of Automotive Dealers in the U.S. (2018-2020)
- 3. The U.S. Market Analysis
- 3.1 The U.S. Automotive Aftermarket by Value
- Table 8: The U.S. Automotive Aftermarket by Value (2019-2023)
- 3.2 The U.S. Automotive Aftermarket Forecast by Value
- Table 9: The U.S. Automotive Aftermarket Forecast by Value (2024-2028)
- 3.3 The U.S. Specialty Auto Equipment Market by Value
- Table 10: The U.S. Specialty Auto Equipment Market by Value (2019-2023)
- 3.4 The U.S. Specialty Auto Equipment Market Forecast by Value
- Table 11: The U.S. Specialty Auto Equipment Market Forecast by Value (2024-2028)
- 3.5 The U.S. Specialty Auto Equipment Market by Product Type
- Table 12: The U.S. Specialty Auto Equipment Market by Product Type (2023)
- 3.5.1 The U.S. Auto Accessories & Appearance Products Market by Value
- Table 13: The U.S. Auto Accessories & Appearance Products Market by Value (2019-2023)
- 3.5.2 The U.S. Auto Accessories & Appearance Products Market Forecast by Value
- Table 14: The U.S. Auto Accessories & Appearance Products Market Forecast by Value (2024-2028)
- 3.5.3 The U.S. Auto Performance Products Market by Value
- Table 15: The U.S. Auto Performance Products Market by Value (2019-2023)
- 3.5.4 The U.S. Auto Performance Products Market Forecast by Value
- Table 16: The U.S. Auto Performance Products Market Forecast by Value (2024-2028)
- 3.5.5 The U.S. Wheels, Tires & Suspension Market by Value
- Table 17: The U.S. Wheels, Tires & Suspension Market by Value (2019-2023)
- 3.5.6 The U.S. Wheels, Tires & Suspension Market Forecast by Value
- Table 18: The U.S. Wheels, Tires & Suspension Market Forecast by Value (2024-2028)
- 3.6 The U.S. Auto Parts Export by Value
- Table 19: The U.S. Auto Parts Export by Value (2019-2023)
- 3.7 The U.S. Auto Parts Export Forecast by Value
- Table 20: The U.S. Auto Parts Export Forecast by Value (2024-2028)
- 3.8 The U.S. Auto Parts Import by Value
- Table 21: The U.S. Auto Parts Import by Value (2019-2023)
- 3.9 The U.S. Auto Parts Import Forecast by Value
- Table 22: The U.S. Auto Parts Import Forecast by Value (2024-2028)
- 3.10 The U.S. Auto Parts Import by Regions
- Table 23: The U.S. Auto Parts Import by Regions (2023)
- 3.10.1 The U.S. Auto Parts Import Value from Mexico
- Table 24: The U.S. Auto Parts Import Value from Mexico (2019-2023)
- 3.10.2 The U.S. Auto Parts Import Value from Canada
- Table 25: The U.S. Auto Parts Import Value from Canada (2019-2023)
- 3.10.3 The U.S. Auto Parts Import Value from Japan
- Table 26: The U.S. Auto Parts Import Value from Japan (2019-2023)
- 3.10.4 The U.S. Auto Parts Import Value from Korea
- Table 27: The U.S. Auto Parts Import Value from Korea (2019-2023)
- 3.10.5 The U.S. Auto Parts Import Value from China
- Table 28: The U.S. Auto Parts Import Value from China (2019-2023)
- 3.10.6 The U.S. Auto Parts Import Value from Germany
- Table 29: The U.S. Auto Parts Import Value from Germany (2019-2023)
- 3.10.7 The U.S. Auto Parts Import Value from Thailand
- Table 30: The U.S. Auto Parts Import Value from Thailand (2019-2023)
- 3.10.8 The U.S. Auto Parts Import Value from Taiwan
- Table 31: The U.S. Auto Parts Import Value from Taiwan (2019-2023)
- 3.10.9 The U.S. Auto Parts Import Value from Vietnam
- Table 32: The U.S. Auto Parts Import Value from Vietnam (2019-2023)
- 3.10.10 The U.S. Auto Parts Import Value from Italy
- Table 33: The U.S. Auto Parts Import Value from Italy (2019-2023)
- 4. Market Dynamics
- 4.1 Growth Drivers
- 4.1.1 Growth in Automotive Production
- Table 34: The U.S. Motor Vehicle Production (2018-2023)
- 4.1.2 Upsurge in Used Car Sales
- Table 35: The U.S. Used Car Sales Volume (2010-2025)
- 4.1.3 Rising Number of Smartphone Users
- Table 36: Number of Smartphone Users in the U.S. (2020-2025)
- 4.1.4 Acceleration in Electric Vehicle Sales
- Table 37: The U.S. Electric Vehicle Sales (2017-2023)
- 4.1.5 Rapid Urbanization
- Table 38: The U.S. Urban Population (2019-2023)
- 4.2 Key Trends and Developments
- 4.2.1 Growth in Average Age of Vehicle
- Table 39: The U.S. Average Age of Vehicles (2019-2023)
- 4.2.2 Expansion of Automotive Dealers on Online Platforms
- Table 40: Ecommerce Automotive Platforms
- 4.2.3 Launch of New and Advanced Car Accessories
- 4.3 Challenges
- 4.3.1 Expansion of Ride-sharing Services
- Table 41: The U.S. Ride-sharing Market (2018-2023)
- 4.3.2 Rise in Fraudulent Products
- 5. Company Profiles
- 5.1 3M Company
- 5.1.1 Business Overview
- 5.2 Lear Corporation
- 5.2.1 Business Overview
- 5.3 AutoZone
- 5.3.1 Business Overview
- 5.4 O'Reilly Auto Parts
- 5.4.1 Business Overview
- 5.5 Advance Auto Parts
- 5.5.1 Business Overview
- 5.6 Cooper Tire & Rubber Company
- 5.6.1 Business Overview
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook