Passenger Cars AfterMarket Market Report 2026

The passenger cars aftermarket market size has grown strongly in recent years. It will grow from $263.87 billion in 2025 to $277.79 billion in 2026 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to growth in global passenger car ownership, expansion of vehicle parc age, rising demand for replacement parts, growth of independent repair networks, availability of diversified aftermarket components.

The passenger cars aftermarket market size is expected to see steady growth in the next few years. It will grow to $334.47 billion in 2030 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to increasing penetration of electric and hybrid vehicles, rising adoption of digital diagnostics tools, expansion of e-commerce automotive platforms, growing focus on vehicle customization, increasing demand for advanced safety components. Major trends in the forecast period include increasing demand for electric vehicle aftermarket components, rising adoption of connected car accessories, growing focus on predictive maintenance services, expansion of online aftermarket sales channels, enhanced demand for certified replacement parts.

Increasing the average lifespan of vehicles is a key factor driving the growth of the passenger car aftermarket market, as it leads to greater demand for regular maintenance and scheduled servicing. The lifespan of a car refers to its maximum serviceable duration in terms of mileage and age. Components such as wheels, batteries, spark plugs, and air filters play an important role in extending a vehicle’s operational life. For example, in May 2024, according to S&P Global, a US-based market research firm, the average age of cars and light-duty trucks in the U.S. reached a record 12.6 years in 2024, reflecting a two-month increase compared to 2023. While this upward trend is beginning to stabilize with new vehicle registrations, the extended vehicle lifespan continues to support growth in the passenger car aftermarket sector.

Leading companies and key players in the passenger car aftermarket market are increasingly focusing on product innovation to deliver reliable and high-performance solutions. Products such as TRW shock absorbers, brake pads, and discs are essential for maintaining vehicle safety and operational efficiency. For instance, in April 2023, ZF Friedrichshafen AG, a Germany-based technology company specializing in driveline and chassis systems, launched a series of new TRW products including shock absorbers, brake pads, and discs. TRW True Originals brake pads are meticulously engineered and rigorously tested using multiple methods, while the shock absorbers incorporate advanced technology and established testing procedures. These products undergo low- and high-velocity testing, endurance checks, damping and dimensional verification, as well as evaluation under extreme weather and road conditions to ensure optimal performance and safety.

In August 2023, Hedin Mobility Group, a Sweden-based mobility and automotive sales, service, and distribution provider, acquired Torpedo Gruppe for €526 million. This acquisition strengthens Hedin Mobility Group’s presence in Germany, one of the largest automotive markets globally. Torpedo Gruppe is a Germany-based automotive company offering comprehensive automotive retail services, including sales of new and used passenger cars, to both private and corporate customers.

Major companies operating in the passenger cars aftermarket market report are Robert Bosch Gmbh, JTEKT Corporation, ZF friedrichshafen AG, Denso Corporation, Continental AG, Hyundai Mobis Co. Ltd., Aisin Corporation, Bridgestone Corporation, Sumitomo Electric Industries Ltd., Valeo SA, Lear Corporation, Goodyear tire & rubber company, Eaton Corporation plc, Aptiv plc, Schaeffler Technologies AG & Co. KG, BorgWarner Inc., Mahle GmbH, Marelli Europe S.p.A., Federal -Mogul Corporation, Pirelli & C. S.p.A., Hella GmbH & Co. KGaA, American Axle & Manufacturing Inc., Gates Corporation, Kumho Tire Co. Inc., Cooper tire & Rubber Company, Exide Industries Ltd., Yazaki Corp., Akebono Brake Corporation Ltd., ACDelco, NSK Ltd.

Asia-Pacific was the largest region in the passenger car aftermarket market in 2025. North America was the second-largest region in the global passenger car aftermarket market share. The regions covered in the passenger cars aftermarket market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the passenger cars aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The passenger car aftermarket market includes revenues earned by entities by providing services such as manufacturing, distribution, retailing, installation, and remanufacturing of all vehicle parts and accessories. Revenues include fees, interest payments, commissions or transaction charges. 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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