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U.S. Automotive Aftermarket: Insights & Forecast with Potential Impact of COVID-19 (2023-2027)

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    Report

  • 69 Pages
  • August 2023
  • Region: United States
  • Koncept Analytics
  • ID: 5332754
10% Free customization
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This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

The U.S. automotive aftermarket is expected to record a value of US$479.25 billion in 2027, growing at a CAGR of 3.08%, for the duration spanning 2023-2027. 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, E-commerce Industry, Business Entities and Consumers)
  • Investment Banks
  • Government Bodies & Regulating Authorities

Please note: 10% free customization equates to up to 3 hours of analyst time.

Table of Contents

1. Overview
1.1 Introduction
1.2 Value Chain of OEM/OES in Aftermarket
1.3 Top Ten Trends in Automotive Aftermarket
1.4 The Future Development Direction of the Automobile Industry
1.5 Automotive Aftermarket Distribution Channels
2. Impact of COVID-19
2.1 Decline in Motor Vehicle Sales
2.2 Downfall in Consumer Spending
2.3 Impact on Automotive Dealership
3. The U.S. Market Analysis
3.1 The U.S. Automotive Aftermarket by Value
3.2 The U.S. Automotive Aftermarket Forecast by Value
3.3 The U.S. Specialty Auto Equipment Market by Value
3.4 The U.S. Specialty Auto Equipment Market Forecast by Value
3.5 The U.S. Specialty Auto Equipment Market by Product Type
3.5.1 The U.S. Auto Accessories & Appearance Products Market by Value
3.5.2 The U.S. Auto Accessories & Appearance Products Market Forecast by Value
3.5.3 The U.S. Auto Performance Products Market by Value
3.5.4 The U.S. Auto Performance Products Market Forecast by Value
3.5.5 The U.S. Wheels, Tires & Suspension Market by Value
3.5.6 The U.S. Wheels, Tires & Suspension Market Forecast by Value ]
3.6 The U.S. Auto Parts Export by Value
3.7 The U.S. Auto Parts Export Forecast by Value
3.8 The U.S. Auto Parts Import by Value
3.9 The U.S. Auto Parts Import Forecast by Value
3.10 The U.S. Auto Parts Import by Regions
3.10.1 The U.S. Auto Parts Import Value from Mexico
3.10.2 The U.S. Auto Parts Import Value from Canada
3.10.3 The U.S. Auto Parts Import Value from Japan
3.10.4 The U.S. Auto Parts Import Value from China
3.10.5 The U.S. Auto Parts Import Value from Korea
3.10.6 The U.S. Auto Parts Import Value from Germany
3.10.7 The U.S. Auto Parts Import Value from Thailand
3.10.8 The U.S. Auto Parts Import Value from Taiwan
3.10.9 The U.S. Auto Parts Import Value from Vietnam
3.10.10 The U.S. Auto Parts Import Value from Italy
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Growth in Automotive Production
4.1.2 Upsurge in Used Car Sales
4.1.3 Rising Number of Smartphone Users
4.1.4 Acceleration in Electric Vehicle Sales
4.1.5 Rapid Urbanization
4.2 Key Trends and Developments
4.2.1 Growth in Average Age of Vehicle
4.2.2 Expansion of Automotive Dealers on Online Platforms
4.2.3 Launch of New and Advanced Car Accessories
4.3 Challenges
4.3.1 Expansion of Ride-sharing Services
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
List of Charts
  • Components of Automotive Aftermarket
  • Value Chain of OEM/OES in Aftermarket
  • Automotive Aftermarket Distribution Channels
  • The U.S. Motor Vehicle Sales (2019-2020)
  • The U.S. Personal Consumption Expenditures on Motor Vehicle Maintenance and Repair (2018-2020)
  • Number of Automotive Dealers in the U.S. (2018-2020)
  • The U.S. Automotive Aftermarket by Value (2018-2022)
  • The U.S. Automotive Aftermarket Forecast by Value (2023-2027)
  • The U.S. Specialty Auto Equipment Market by Value (2018-2022)
  • The U.S. Specialty Auto Equipment Market Forecast by Value (2023-2027)
  • The U.S. Specialty Auto Equipment Market by Product Type (2022)
  • The U.S. Auto Accessories & Appearance Products Market by Value (2018-2022)
  • The U.S. Auto Accessories & Appearance Products Market Forecast by Value (2023-2027)
  • The U.S. Auto Performance Products Market by Value (2018-2022)
  • The U.S. Auto Performance Products Market Forecast by Value (2023-2027)
  • The U.S. Wheels, Tires & Suspension Market by Value (2018-2022)
  • The U.S. Wheels, Tires & Suspension Market Forecast by Value  (2023-2027)
  • The U.S. Auto Parts Export by Value (2018-2022)
  • The U.S. Auto Parts Export Forecast by Value (2023-2027)
  • The U.S. Auto Parts Import by Value (2018-2022)
  • The U.S. Auto Parts Import Forecast by Value (2023-2027)
  • The U.S. Auto Parts Import by Regions (2022)
  • The U.S. Auto Parts Import Value from Mexico (2018-2022)
  • The U.S. Auto Parts Import Value from Canada (2018-2022)
  • The U.S. Auto Parts Import Value from Japan (2018-2022)
  • The U.S. Auto Parts Import Value from China (2018-2022)
  • The U.S. Auto Parts Import Value from Korea (2018-2022)
  • The U.S. Auto Parts Import Value from Germany (2018-2022)
  • The U.S. Auto Parts Import Value from Thailand (2018-2022)
  • The U.S. Auto Parts Import Value from Taiwan (2018-2022)
  • The U.S. Auto Parts Import Value from Vietnam (2018-2022)
  • The U.S. Auto Parts Import Value from Italy (2018-2022)
  • The U.S. Motor Vehicle Production (2020-2025)
  • The U.S. Used Car Sales Volume (2010-2020)
  • Number of Smartphone Users in the U.S. (2020-2025)
  • The U.S. Electric Vehicle Sales (2017-2022)
  • The U.S. Urban Population (2017-2022)
  • The U.S. Average Age of Vehicles (2019-2022)
  • The U.S. Ride-sharing Market (2017-2022)
List of Tables
  • Top Ten Trends in Automotive Aftermarket
  • Ecommerce Automotive Platforms

Companies Mentioned

  • 3M Company
  • Lear Corporation
  • AutoZone
  • O'Reilly Auto Parts
  • Advance Auto Parts
  • Cooper Tire & Rubber Company

Table Information

Report AttributeDetails
No. of Pages69
PublishedAugust 2023
Forecast Period2023 - 2027
Estimated Market Value ( USD ) in 2023 $ 424.49 Billion
Forecasted Market Value ( USD ) by 2027 $ 479.25 Billion
Compound Annual Growth Rate3.1%
Regions CoveredUnited States
No. of Companies Mentioned6

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