Automotive Aftermarket in the United States
Summary
Automotive Aftermarket in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Automotive aftermarket includes the sales of automotive components for use on vehicles after first purchase. Market value is calculated in terms of retail selling price (RSP) including all taxes and levies. Market volume refers to each individual aftermarket component, such as wiper blades or brake calipers, considered as a separate unit. The scope includes components sold through fast fits, auto centres, garages, tyre specialists, vehicle manufacturer networks, petrol stations, hypermarkets, crash repair centres/body shops, online sales, parts & accessories stores, and others. Both internal combustion engines and electric vehicles are considered in our scope. Our analysis encompasses both passenger cars and light commercial vehicles.
- The US automotive aftermarket sector recorded revenues of $215.9 billion in 2023, representing a negative compound annual growth rate (CAGR) of 0.2% between 2018 and 2023.
- Sector consumption volume declined with a negative CAGR of 0.4% between 2018 and 2023, to reach a total of 3,794.3 million units in 2023.
- The US dominated the North American automotive aftermarket sector in 2023, commanding the largest share of 83.2%.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the automotive aftermarket market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive aftermarket market in the United States
- Leading company profiles reveal details of key automotive aftermarket market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States automotive aftermarket market with five year forecasts
- What was the size of the United States automotive aftermarket market by value in 2023?
- What will be the size of the United States automotive aftermarket market in 2028?
- What factors are affecting the strength of competition in the United States automotive aftermarket market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's automotive aftermarket market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market rivalry
- 1.8. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the recent developments in the sector?
- 8 Company Profiles
- 8.1. AutoZone Inc
- 8.2. O'Reilly Automotive Inc
- 8.3. LKQ Corp
- 8.4. Advance Auto Parts Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United States automotive aftermarket sector value: $ million, 2018-23
- Table 2: United States automotive aftermarket sector volume: million units, 2018-23
- Table 3: United States automotive aftermarket sector category segmentation: % share, by value, 2018-23
- Table 4: United States automotive aftermarket sector category segmentation: $ million, 2018-23
- Table 5: United States automotive aftermarket sector geography segmentation: $ million, 2023
- Table 6: United States automotive aftermarket sector value forecast: $ million, 2023-28
- Table 7: United States automotive aftermarket sector volume forecast: million units, 2023-28
- Table 8: AutoZone Inc: Key Facts
- Table 9: AutoZone Inc: Annual Financial Ratios
- Table 10: AutoZone Inc: Key Employees
- Table 11: O'Reilly Automotive Inc: Key Facts
- Table 12: O'Reilly Automotive Inc: Annual Financial Ratios
- Table 13: O'Reilly Automotive Inc: Key Employees
- Table 14: LKQ Corp: Key Facts
- Table 15: LKQ Corp: Annual Financial Ratios
- Table 16: LKQ Corp: Key Employees
- Table 17: Advance Auto Parts Inc: Key Facts
- Table 18: Advance Auto Parts Inc: Annual Financial Ratios
- Table 19: Advance Auto Parts Inc: Key Employees
- Table 20: United States Size of Population (million), 2019-23
- Table 21: United States Real GDP (Constant 2010 Prices, $ Billion), 2019-23
- Table 22: United States GDP (Current Prices, $ Billion), 2019-23
- Table 23: United States Inflation, 2019-23
- Table 24: United States Consumer Price Index (Absolute), 2019-23
- Table 25: United States Exchange Rate, 2018-23
- List of Figures
- Figure 1: United States automotive aftermarket sector value: $ million, 2018-23
- Figure 2: United States automotive aftermarket sector volume: million units, 2018-23
- Figure 3: United States automotive aftermarket sector category segmentation: $ million, 2018-23
- Figure 4: United States automotive aftermarket sector geography segmentation: % share, by value, 2023
- Figure 5: United States automotive aftermarket sector value forecast: $ million, 2023-28
- Figure 6: United States automotive aftermarket sector volume forecast: million units, 2023-28
- Figure 7: Forces driving competition in the automotive aftermarket sector in the United States, 2023
- Figure 8: Drivers of buyer power in the automotive aftermarket sector in the United States, 2023
- Figure 9: Drivers of supplier power in the automotive aftermarket sector in the United States, 2023
- Figure 10: Factors influencing the likelihood of new entrants in the automotive aftermarket sector in the United States, 2023
- Figure 11: Factors influencing the threat of substitutes in the automotive aftermarket sector in the United States, 2023
- Figure 12: Drivers of degree of rivalry in the automotive aftermarket sector in the United States, 2023
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