Automotive Aftermarket Market Report 2026

The automotive aftermarket market size has grown strongly in recent years. It will grow from $498.35 billion in 2025 to $535.46 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to vehicle parc expansion, demand for affordable replacements, growth of independent repair shops, longer vehicle lifecycles, offline parts distribution.

The automotive aftermarket market size is expected to see strong growth in the next few years. It will grow to $722.43 billion in 2030 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to e-commerce penetration, ev fleet growth, digital inventory management, connected vehicle diagnostics, sustainability-driven remanufacturing. Major trends in the forecast period include expansion of online aftermarket platforms, growth of ev-specific replacement parts, adoption of predictive maintenance tools, rising demand for certified parts, integration of digital supply chains.

The rising demand for spare parts is expected to drive growth in the automotive aftermarket in the coming years. Spare parts are components used to replace or repair damaged, worn-out, or malfunctioning parts of a product or machinery. In the automotive aftermarket, these parts support vehicle maintenance, repair, and customization activities. For instance, in July 2024, according to the Bureau of Labor Statistics, a US-based federal agency, U.S. motor vehicle parts manufacturing exports reached $60.6 billion in 2023, representing a 16.3% increase from 2022. The top six exporting states accounted for 62.5% of the total, with Michigan leading at $11 billion (18.1%), followed by Texas at $8.9 billion (14.6%) and Indiana at $5.3 billion (8.7%). Therefore, the growing demand for spare parts is propelling the automotive aftermarket.

Prominent companies within the automotive aftermarket are strategically focusing on the development of innovative solutions, exemplified by the introduction of the latest aftermarket brake pads. Aftermarket brake pads refer to replacement brake pads manufactured by third-party entities, distinct from the original equipment manufacturer (OEM) parts provided by the vehicle's maker. As of October 2023, Brembo S.p.A., an Italy-based automotive braking systems manufacturer, has announced the launch of the 'Copper Free XTRA' brake pad line. This innovative line is equipped with Low Met and Ceramic NAO formulations, effectively bridging the gap between Brembo's aftermarket and performance lines. The 'Copper Free XTRA' brake pad line offers two distinct variations. The XTRA Low Met line is designed to deliver top-tier performance, enhanced braking capabilities, and an exceptional driving experience tailored for car enthusiasts. On the other hand, the XTRA Ceramic line prioritizes outstanding performance and comfort while minimizing dust generation, ensuring cleaner wheels. This strategic emphasis on innovative brake pad solutions exemplifies major companies' commitment to advancing and diversifying their offerings in the automotive aftermarket sector.

In May 2024, MEKO, a manufacturer of precision components based in Sweden, acquired Elit Polska for an undisclosed sum. This acquisition notably boosts MEKO's market share in Poland from about 5% to approximately 8%, making it the third-largest player in the Polish automotive aftermarket. This expansion enables MEKO to solidify its presence in one of Europe’s largest markets for automotive parts and services, thereby enhancing its competitive position. Elit Polska is a manufacturer of automotive accessories and spare parts located in Poland.

Major companies operating in the automotive aftermarket market report include Robert Bosch GmbH, ZF Friedrichshafen AG, Denso Corporation, Continental AG, Magna International Inc., Faurecia SE, Valeo SA, Goodyear Tire & Rubber Company, Cooper Tire & Rubber Company, Schaeffler AG, BorgWarner Inc., Dana Incorporated, Magneti Marelli S.p.A., Mahle GmbH, DRiV Incorporated, Hella GmbH & Co. KGaA, Delphi Technologies PLC, Garrett Motion Inc., Exide Technologies Inc., Federal-Mogul LLC, Knorr-Bremse AG, Osram Licht AG, AISIN SEIKI CO. LTD., Lear Corporation, Adient plc, Autoliv Inc., Visteon Corporation, Meritor Inc., Gentex Corporation, WABCO Holdings Inc., Veoneer Inc.

Asia-Pacific was the largest region in the automotive afterMarket in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive aftermarket market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive aftermarket market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive aftermarket includes revenue earned by entities by vehicle parts, equipment, replacement tires, service repair, collision repair and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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