The U.S. automotive aftermarket market size was estimated at USD 205.81 billion in 2022 and is projected to reach USD 281.98 billion by 2030, growing at a CAGR of 4.1% from 2023 to 2030. This steady growth is largely driven by the increasing demand for timely maintenance and replacement of vehicle components, which has significantly boosted aftermarket sales across the country. One of the key drivers of this market is the presence of strict emission standards and regulatory frameworks governing the heavy-duty vehicle segment. Various regulatory bodies, including the U.S. Environmental Protection Agency (EPA) and other federal as well as international authorities, have established comprehensive guidelines relating to the quality, safety, and environmental performance of automotive components. These regulations are expected to fuel innovation and improvements in the automotive parts sector.

Moreover, the ongoing digitization of services in the automotive aftermarket is playing a transformative role by enhancing transparency in vehicle repair and maintenance operations. This digital shift allows multiple stakeholders—particularly vehicle owners—to have clear visibility into the costs associated with repairs and part replacements. Additionally, many car owners now prefer to utilize online platforms to order custom parts, such as mufflers and resonators, from international markets that offer specialized options at more competitive prices.

The rapid advancement of digital technologies is also creating new opportunities for automakers, service providers, and parts dealers to innovate and differentiate their offerings. As internationalization and market consolidation reshape aftermarket trends, parts suppliers and distributors are increasingly being called upon to scale up their operations to remain competitive and gain a stronger foothold in the U.S. aftermarket sector.

To ensure industry-leading service delivery, auto parts suppliers are encouraged to invest in robust e-commerce strategies. Providing a user-friendly, accessible online interface is critical, especially since many installers rely on digital platforms to research potential suppliers or distributors. Additionally, distributors can streamline their operations by focusing on core service delivery while outsourcing the logistics and distribution of spare parts to specialized third-party providers.

Key Market Trends & Insights:

•  The tire segment dominated the market in 2022 with the largest revenue share of 22.5%, and it is expected to maintain this lead throughout the forecast period due to the frequent need for tire replacements compared to other automotive components.

•  The original equipment (OE) segment accounted for 55.9% of overall revenue in 2022 and is projected to continue growing steadily at a consistent CAGR, sustaining its dominant position as customers prefer OEM parts for their reliability and quality.

•  The genuine parts segment held a 53.5% share of the market revenue in 2022 and is anticipated to remain the leading segment because of the accountability, warranty, and assurance offered by car manufacturers on these parts.

•  The low-cost parts segment captured 54.7% of the aftermarket revenue in 2022 and is expected to dominate in terms of size by 2030, providing a cost-effective alternative to OEM parts for budget-conscious consumers and repair shops.

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Market Size & Forecast:

• 2022 Market Size: USD 205.81 Billion

• 2030 Projected Market Size: USD 281.98 Billion

• CAGR (2023-2030): 4.1%

Key Companies & Market Share Insights:

The market is characterized by intense competition, which has prompted key industry players to focus on delivering high-quality products as a means to gain a competitive advantage. Alongside product excellence, there is a growing emphasis on strategic initiatives such as alliances, mergers, and acquisitions, which have collectively contributed to market consolidation. This consolidation has allowed companies not only to enhance their brand value and build a more loyal customer base but also to expand their global presence significantly.

The presence of an increasing number of domestic players within various countries has introduced additional competitive pressures, posing a growing threat to established market leaders. To counter this, many key companies are actively pursuing mergers and acquisitions to increase their market share and secure their positions within the industry.

For example, in February 2020, Napa Auto Parts announced a strategic partnership with Wallbox, a global provider specializing in electric vehicle (EV) charging and energy management solutions. This collaboration aimed to broaden Napa’s product offering by integrating new EV technologies and Wallbox’s EV charging products into Napa’s extensive network.

Similarly, in August 2022, Cummins Inc. completed its acquisition of Meritor, Inc., a move that significantly strengthened Cummins’ position as a leading provider of integrated powertrain solutions for both internal combustion engines and electric vehicles. By incorporating Meritor’s advanced axle and brake technologies, Cummins is better positioned to deliver comprehensive solutions across a wide range of applications. This acquisition also accelerates Cummins’ ongoing efforts toward electrification and enhances its global reach. It enables the company to effectively serve diverse sectors including commercial trucks, trailers, off-highway vehicles, defense, specialty vehicles, and the aftermarket.

Key Players

• 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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Conclusion:

The U.S. automotive aftermarket industry is expected to experience significant growth in the coming years, driven by several important factors. One key driver is the aging vehicle fleet, which leads to increased demand for maintenance and replacement parts. 

Technological advancements in vehicles, including enhanced safety features and infotainment systems, are creating a need for more specialized aftermarket components and services. Additionally, strict regulatory standards related to emissions and safety are encouraging the production of high-quality aftermarket parts that meet these requirements. The growth of e-commerce and digital platforms has made purchasing automotive parts more accessible and transparent, aligning with consumer preferences for convenience and affordability. Overall, the industry is well-positioned to expand by leveraging innovation, adhering to regulatory changes, and focusing on customer-centric approaches to meet evolving market demands.