Aftermarket Automotive Parts Global Market Report 2025

The aftermarket automotive parts market size has grown strongly in recent years. It will grow from $454.46 billion in 2024 to $482.35 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period is driven by rising urbanization and vehicle usage, increasing frequency of road accidents, greater dependence on passenger cars for daily commuting, expansion of logistics and commercial fleets, and a growing consumer preference for affordable spare parts.

The aftermarket automotive parts market size is expected to see strong growth in the next few years. It will grow to $619.25 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth during the forecast period driven by the increasing demand for connected and smart vehicles, rising government regulations on vehicle safety and emissions, growing adoption of subscription-based mobility services, expansion of the hybrid and electric vehicle aftermarket, and increasing consumer preference for premium quality aftermarket parts. Primary trends in the forecast period include the development of sustainable and eco-friendly components, advancement in braking systems, integration of internet of things enabled parts, incorporation of artificial intelligence diagnostic tools, and innovation in lightweight alloy and composite parts.

The integration of smart and connected vehicle components is expected to drive the growth of the aftermarket automotive parts market in the coming years. Smart and connected vehicle components include sensors, software, and connected systems that enable vehicles to communicate, monitor performance, and enhance safety and efficiency. The increase in smart and connected vehicle components is driven by real time data communication, as they allow vehicles to share information with other systems, improving safety and driving efficiency. Aftermarket automotive parts support the integration of smart and connected vehicle components by providing cost effective, compatible replacements that maintain or enhance vehicle connectivity and advanced system functionality. For example, in December 2024, according to the Baker Institute for Public Policy, a US based nonpartisan think tank, Chinese electric vehicle production and connected vehicle software or hardware are expected to remain absent in Mexico by 2026, while Mexico’s automotive sector, responsible for 22 percent of USMCA trade and 17.4 percent of global vehicle production, exports about 88 percent of its 3.5 million annual vehicles to the United States. Therefore, the integration of smart and connected vehicle components is driving the growth of the aftermarket automotive parts market.

Leading companies operating in the aftermarket automotive parts market are focusing on developing innovative products, such as advanced driver assistance system (ADAS) sensors, to enhance vehicle safety, driving automation, and repair service capabilities. ADAS sensors are electronic devices integrated into vehicles to detect and monitor surrounding conditions, supporting features like collision avoidance, lane-keeping assistance, and adaptive cruise control. For example, in September 2024, Continental AG, a Germany-based manufacturing company, announced a major expansion of its aftermarket product portfolio in original equipment quality to address the evolving technical needs of modern workshops, particularly with the increasing adoption of electric vehicles and advanced driver assistance technologies. The expansion includes new product lines such as sensors for driver assistance systems (including cameras and radar), chassis and steering components (wheel bearings, wishbone bushings, ball joints), high-pressure fuel pumps, and an extended range of brake discs and pads under the ATE New Original brand, specifically tailored for electric vehicles and Euro 7 emission standards. This initiative reinforces Continental’s commitment to supporting workshop readiness for next-generation vehicle technologies and ensuring enhanced safety and performance in the automotive aftermarket.

In November 2024, Standard Motor Products Inc., a US-based manufacturer and distributor of automotive parts, acquired Nissens Automotive A/S for $390 million. Through this acquisition, Standard Motor Products aims to enhance its footprint in the European aftermarket, broaden its thermal management product portfolio, and accelerate growth by leveraging cross-selling opportunities and operational synergies. Nissens Automotive A/S is a Denmark-based company specializing in aftermarket automotive components.

Major players operating in the aftermarket automotive parts market are Robert Bosch GmbH, DENSO Corporation, Continental AG, ZF Friedrichshafen AG, Valeo, BorgWarner Inc., Aisin Corporation, Hyundai Mobis Company Limited, Schaeffler AG, Marelli Holdings Co., Ltd., Bridgestone Corporation, Forvia SE, Cardone Industries, ABC Technologies, Dayco, Edelbrock LLC, Centric Parts, Wilwood Engineering, FinditParts, Tuscany Motor Company, Asquare Parts Inc., Sanden International, Shelby American, Inc., Specialty Vehicle Engineering, RENNtech, Overfinch.

North America was the largest region in the aftermarket automotive parts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aftermarket automotive parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

The aftermarket automotive parts market research report is one of a series of new reports that provides aftermarket automotive parts market statistics, including aftermarket automotive parts industry global market size, regional shares, competitors with a aftermarket automotive parts market share, detailed aftermarket automotive parts market segments, market trends and opportunities, and any further data you may need to thrive in the aftermarket automotive parts industry. This aftermarket automotive parts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Aftermarket automotive parts are vehicle components produced and sold by companies other than the original equipment manufacturer (OEM). These parts are designed to replace, upgrade, or enhance existing vehicle components, providing cost-effective or performance-oriented alternatives to OEM parts. They support vehicle maintenance, extend lifespan, and improve performance without relying exclusively on original manufacturer components.

The key part types of remanufactured automotive parts include engine parts, transmission parts, electrical parts, and body parts. Engine parts consist of the individual components that make up an engine, each performing specific functions to ensure efficient and effective operation. These parts are used in various vehicle types, including passenger cars, commercial vehicles, and sport utility vehicles (SUVs), and are sourced from recycled metals, reused components, and refurbished parts. The remanufacturing processes include core return, exchange, and repair, and the products are distributed through multiple sales channels, including the aftermarket, original equipment manufacturers (OEM), and online platforms.

The countries covered in the aftermarket automotive parts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The aftermarket automotive parts market consists of sales of cooling system components, fuel system parts, transmission components, body and exterior parts, and lighting and signal systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

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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