U.S. Automotive AfterMarket

U.S. Automotive AfterMarket Size, Share, Growth Analysis, By Replacement Parts Outlook(Tire, Battery, Air Conditioning Parts, Alternator/Starter), By Distribution Channel Outlook(Retailers, Wholesalers & Distributors), By Service Channel Outlook(DIY (Do It Yourself), DIFM (Do It For Me), OE (Delegating To OEM’s)), By Certification Outlook(Genuine Parts, Certified Parts, Uncertified Parts), By Product Pricing Outlook(Low-cost Parts, Medium-cost Parts, High-cost Parts), By Region/Country(Northeast, Southeast, Midwest, Southwest) - Industry Forecast 2024-2031


Report ID: UCMIR25A2117 | Region: Regional | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

U.S. Automotive AfterMarket Insights

Market Overview:

The U.S. automotive aftermarket industry had an estimated value of approximately $205.81 billion in 2022 and is projected to experience a compound annual growth rate (CAGR) of 4.1% from 2023 to 2030. This growth is primarily driven by the increasing demand for timely vehicle maintenance and replacement parts. Furthermore, the automotive aftermarket is influenced by strict emission regulations and government mandates, especially within the heavy-duty vehicle sector. Regional regulatory bodies like the U.S. Environmental Protection Agency and various national and international agencies have established regulations focused on enhancing the quality and safety of automotive components, which are expected to foster advancements in the automotive parts industry.

U.S. Automotive AfterMarket, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Auto Parts & Equipment by segment aggregation, the contribution of the Auto Parts & Equipment in Automobiles & Components and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for U.S. Automotive Afterwas estimated to be valued at US$ XX Mn in 2021.

The U.S. Automotive AfterMarket is estimated to grow at a CAGR of XX% by 2028.

The U.S. Automotive AfterMarket is segmented on the basis of Replacement Parts Outlook, Distribution Channel Outlook, Service Channel Outlook, Certification Outlook, Product Pricing Outlook, Region/Country.

Based on region, the U.S. Automotive AfterMarket is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the U.S. Automotive AfterMarket are , 3M Company , Aptiv PLC , Continental AG , Cooper Tire & Rubber Company , Delphi Automotive PLC , Denso Corporation , HELLA KGaA Hueck & Co. , Robert Bosch GmbH , Tenneco Inc. , Valeo Group , ZF Friedrichshafen AG.

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U.S. Automotive AfterMarket

Report ID: UCMIR25A2117

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