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U.S. Automotive Aftermarket Industry Size, Share & Trends Analysis Report By Replacement Parts, By Service Channel, By Certification, By Product Pricing, By Distribution Channel, And Segment Forecasts, 2023 - 2030

July 2023 | 100 pages | ID: U33B4C525D4AEN
Grand View Research, Inc.

US$ 2,950.00

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U.S. Automotive Aftermarket Industry Growth & Trends

The U.S. automotive aftermarket industry size is expected to reach USD 281.98 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.1% from 2023 to 2030 owing to the rising adoption of automotive technologies, such as exhaust and safety and other aspects influencing vehicular performance. The market is estimated to remain innovation-led by introducing new chemicals and metals that provide cost-efficiency and weight reduction in automobiles. In addition, the increasing vehicle parc and vehicle age in the U.S. is expected to contribute to the growing demand for replacement parts, thus driving market growth in the country. Rising disposable income in the U.S. is creating a positive growth outlook for the sales of passenger cars.

The increasing demand for aftermarket parts is directly proportional to the growing sales of passenger cars. Moreover, factors, such as developing infrastructure and increasing adoption of modern lifestyle across the country contribute to the growth of automotive aftermarket. Technological proliferation and high investments in R&D by automakers are expected to further drive demand for automotive aftermarket components over the forecast period. Efforts taken by vendors to make aftermarket products available in adequate quantities and improve the quality of recycled products have contributed to the high demand for alternative parts, such as engines; door assemblies; transmissions; sheet metal products, such as fenders, trunk lids, and hoods; bumpers; and lights assemblies.

In addition, maintaining a high inventory level and wide distribution network allows higher fulfillment rates, boosting the sales of alternative parts. However, the increasing adoption of hybrid and electric vehicles is hampering the growth opportunities for automotive aftermarket components, mainly exhaust components. As a result, the threat of substitutes for aftermarket parts is expected to remain high over the forecast period. Modern vehicles often have advanced technologies, such as ADAS, infotainment systems, and connectivity features. The rising integration of these technologies in vehicles creates the need for specialized aftermarket services and solutions. Aftermarket providers that can adapt and provide expertise in servicing these advanced systems are well-positioned for growth. The rise of digital channels or social media influence is also fueling the sale of automotive afterparts in the U.S.

U.S. Automotive Aftermarket Industry Report Highlights
  • The tire replacement part segment dominated the market with a share of 22.52% in 2022 due to the factors, such as frequent replacements of tires compared to their automotive component counterparts
  • The OE service channel segment dominated the market with a share of 55.91% in 2022 on account of their high quality and reliability
  • The rise in sales of automobiles, increased purchasing power, and improved standard of living are expected to drive the industry growth
  • The market is shifting toward the automation of various functions and processes as it enhances efficiency & accuracy, improves workplace safety, and reduces human errors
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Market Segmentation & Scope
1.2 Market Definitions
1.3 Information Procurement
  1.3.1 Information Analysis
  1.3.2 Market Formulation & Data Visualization
  1.3.3 Data Validation & Publishing
1.4 Research Methodology
1.5 Research Scope And Assumptions
1.6 List Of Data Sources
  1.6.1 Secondary Sources
  1.6.2 Primary Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot

CHAPTER 3 U.S. AUTOMOTIVE AFTERMARKET INDUSTRY MARKET VARIABLES AND TRENDS

3.1 Market Lineage Outlook
3.2 Industry Value Chain Analysis
  3.2.1 U.S Automotive Aftermarket - Supply Chain Analysis
    3.2.1.1 Components Of U.S. Automotive Aftermarket Industry
    3.2.1.2 Manufacturing & Technology Trends
3.3 Market Dynamics
  3.3.1 Market Driver Impact Analysis
    3.3.1.1 Use Of Advanced Technology For Auto Parts Fabrication
    3.3.1.2 Stringent Emission & Fuel Efficiency Regulations And Engine Downsizing
    3.3.1.3 Digitization Of Automotive Repair & Maintenance Services
  3.3.2 Market Restraint Impact Analysis
    3.3.2.1 Counterfeiting Of Auto Components
    3.3.2.2 Implementation Of Various Safety Systems For Motor Vehicles
  3.3.3 Industry Challenges
  3.3.4 Industry Opportunities
3.4 Impact Of The COVID-19 Pandemic
3.5 COVID-19 Impact - Trends
  3.5.1 Sales Of New Cars In 2020
  3.5.2 Sales Of Used Cars In 2020
  3.5.3 Average Age Of The Car
  3.5.4 A Rise In The Diy And Difm Trends
3.6 Automotive Aftermarket Consumer Behavior Trends In U.S.
3.7 Analyst Recommendations - U.S. Automotive Aftermarket Industry
  3.7.1 Digitalization In Retail Industry
  3.7.2 Access To Vehicle-Generated Data
  3.7.3 Enhancement In Value Chain By Influence Of Digital Intermediaries:
3.8 Industry Analysis Tools
  3.8.1 Porter’s Analysis
  3.8.2 Macroeconomic Analysis

CHAPTER 4 U.S. AUTOMOTIVE AFTERMARKET INDUSTRY: REPLACEMENT PARTS ESTIMATES & TREND ANALYSIS

4.1 Replacement Parts Movement Analysis & Market Share, 2022 & 2030
4.2 U.S. Automotive Aftermarket Industry Estimates & Forecast, By Replacement Parts
  4.2.1 Tire
  4.2.2 Battery
  4.2.3 Air Conditioning Parts
  4.2.4 Alternator/Starter
  4.2.5 Brake Disc/Drum
  4.2.6 Brake Pads
  4.2.7 Air Filters
  4.2.8 Fuel Filter
  4.2.9 Oil Filter
  4.2.10 Fuel Pumps
  4.2.11 Water Pumps
  4.2.12 Steering Pumps
  4.2.13 Spark Plugs
  4.2.14 Shock Absorbers
  4.2.15 Body Parts
  4.2.16 Lighting & Electronic Components
  4.2.17 Wheels
  4.2.18 Exhaust Components
  4.2.19 Turbochargers
  4.2.20 Wiper Components
  4.2.21 Others

CHAPTER 5 U.S. AUTOMOTIVE AFTERMARKET INDUSTRY: DISTRIBUTION CHANNEL ESTIMATES & TREND ANALYSIS

5.1 Distribution Channel Movement Analysis & Market Share, 2022 & 2030
5.2 U.S. Automotive Aftermarket Industry Estimates & Forecast, By Distribution Channel
  5.2.1 Retailers
  5.2.2 Wholesalers And Distributors (W&D)

CHAPTER 6 U.S. AUTOMOTIVE AFTERMARKET INDUSTRY: SERVICE CHANNEL ESTIMATES & TREND ANALYSIS

6.1 Service Channel Movement Analysis & Market Share, 2022 & 2030
6.2 U.S. Automotive Aftermarket Industry Estimates & Forecast, By Service Channel
  6.2.1 DIY (Do It Yourself)
  6.2.2 DIFM (Do It For Me)
  6.2.3 OE (Original Equipment)

CHAPTER 7 U.S. AUTOMOTIVE AFTERMARKET INDUSTRY: CERTIFICATION ESTIMATES & TREND ANALYSIS

7.1 Certification Movement Analysis & Market Share, 2022 & 2030
7.2 U.S. Automotive Aftermarket Industry Estimates & Forecast, By Certification
  7.2.1 Genuine
  7.2.2 Certified Parts
  7.2.3 Uncertified Parts

CHAPTER 8 U.S. AUTOMOTIVE AFTERMARKET INDUSTRY: PRODUCT PRICING ESTIMATES & TREND ANALYSIS

8.1 Product Pricing Movement Analysis & Market Share, 2022 & 2030
8.2 U.S. Automotive Aftermarket Industry Estimates & Forecast, By Product Pricing
  8.2.1 Low-Cost Parts
  8.2.2 Medium-Cost Parts
  8.2.3 High-Cost Parts

CHAPTER 9 U.S. AUTOMOTIVE AFTERMARKET INDUSTRY ANALYSIS, BY REPLACEMENT PARTS, BY PRODUCT PRICING

9.1 Tires
9.2 Battery
9.3 Air Conditioning Parts
9.4 Alternator/Starter
9.5 Brake Disc/Drum
9.6 Brake Pads
9.7 Air Filters (Including Both Engine And Cabin Filters)
9.8 Fuel Filter
9.9 Oil Filter
9.10 Fuel Pumps
9.11 Water Pumps
9.12 Steering Pumps
9.13 Spark Plugs
9.14 Shock Absorbers
9.15 Body Parts
9.16 Lighting & Electronic Components (Excluding Alternator/Starter)
9.17 Wheels
9.18 Exhaust Components
9.19 Turbochargers
9.20 Wiper Components (Including Blades, Motor)
9.21 Others

CHAPTER 10 U.S. AUTOMOTIVE AFTERMARKET INDUSTRY - COMPETITIVE LANDSCAPE

10.1 Recent Developments & Impact Analysis, By Key Market Participants
10.2 Company Categorization
10.3 Participant’s Overview
10.4 Financial Performance
10.5 Product Benchmarking
10.6 Company Market Positioning
10.7 Strategy Mapping
  10.7.1 Expansion
  10.7.2 Mergers & Acquisition
  10.7.3 Partenerships & Collaborations
  10.7.4 New Product Launches
  10.7.5 Other
LIST OF TABLES

Table 1 U.S. automotive aftermarket industry revenue estimates and forecast, by replacement parts, 2017 - 2030 (USD Billion)
Table 2 U.S. automotive aftermarket industry revenue estimates and forecast, by distribution channel, 2017 - 2030 (USD Billion)
Table 3 U.S. automotive aftermarket industry revenue estimates and forecast, by service channel, 2017 - 2030 (USD Billion)
Table 4 U.S. automotive aftermarket industry revenue estimates and forecast, by certification, 2017 - 2030 (USD Billion)
Table 5 U.S. automotive aftermarket industry revenue estimates and forecast, by product pricing, 2017 - 2030 (USD Billion)
Table 6 Recent developments & impact analysis, by key market participants
Table 7 Key companies undergoing expansions.
Table 8 Key Companies involved in M&As
Table 9 Key Companies undergoing collaborations.
Table 10 Key Companies launching new products.
Table 11 Key Companies undertaking other activities.
LIST OF FIGURES

Fig. 1 U.S. automotive aftermarket industry segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market snapshot
Fig. 7 Segment snapshot (1/3)
Fig. 8 Segment snapshot (2/3)
Fig. 9 Segment snapshot (3/3)
Fig. 10 Competitive landscape snapshot
Fig. 11 Automotive aftermarket value, 2022 (USD Billion)
Fig. 12 U.S. automotive aftermarket industry - industry value chain analysis
Fig. 13 Supply chain analysis
Fig. 14 U.S. automotive aftermarket industry dynamics
Fig. 15 U.S. automotive aftermarket industry: porter’s analysis
Fig. 16 U.S. automotive aftermarket industry: pestel analysis
Fig. 17 U.S. automotive aftermarket industry, by replacement parts: key takeaways
Fig. 18 U.S. automotive aftermarket industry, by replacement parts: market share, 2022 & 2030
Fig. 19 Tire market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 20 Battery market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 21 Air conditioning parts market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 22 Alternator/Starter market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 23 Brake Disc/drum market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 24 Brake Pads market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 25 Air filters market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 26 Fuel filter market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 27 Oil Filter market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 28 Fuel pumps market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 29 Water pumps market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 30 Steering pumps market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 31 Spark plugs market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 32 Shock absorbers market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 33 Body parts market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 34 Lighting & electronic components market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 35 Wheels market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 36 Exhaust components market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 37 Turbochargers market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 38 Wiper components market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 39 Others market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 40 U.S. automotive aftermarket industry, by distribution channel: key takeaways
Fig. 41 U.S. automotive aftermarket industry, by distribution channel: market share, 2022 & 2030
Fig. 42 Retailers market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 43 Wholesalers and Distributors (W&D) market estimates & forecasts, 2017- 2030 (USD Billion)
Fig. 44 U.S. automotive aftermarket industry, by service channel: Key Takeaways
Fig. 45 U.S. automotive aftermarket industry, by service channel: market Share, 2022 & 2030
Fig. 46 DIY (Do it Yourself) market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 47 DIFM (Do it for Me) market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 48 OE (Original Equipment) market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 49 U.S. automotive aftermarket industry, by certification: key takeaways
Fig. 50 U.S. automotive aftermarket industry, by certification: market share, 2022 & 2030
Fig. 51 Genuine market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 52 Certified parts market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 53 Uncertified parts market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 54 U.S. automotive aftermarket industry, by product pricing: Key Takeaways
Fig. 55 U.S. automotive aftermarket industry, by product pricing: Market Share, 2022 & 2030
Fig. 56 Low-Cost parts market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 57 Medium Cost parts market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 58 High-Cost parts market estimates & forecasts, 2017 - 2030 (USD Billion)
Fig. 59 Tires market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 60 Battery market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 61 Air conditioning parts market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 62 Alternator/Starter market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 63 Brake Disc/Drum market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 64 Brake Pads market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 65 Air Filters market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 66 Fuel Filter market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 67 Oil Filter market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 68 Fuel Pumps market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 69 Water Pumps market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 70 Steering Pumps market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 71 Spark Plugs market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 72 Shock Absorbers market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 73 Body parts market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 74 Lighting & Electronic components market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 75 Wheels market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 76 Exhaust components market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 77 Turbochargers market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 78 Wiper components market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 79 Others market estimates & forecasts, by product pricing 2017 - 2030 (USD Billion)
Fig. 80 Key company categorization
Fig. 81 Company market positioning
Fig. 82 Strategic framework


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