Aftermarket Automotive Parts Market Report 2026

The aftermarket automotive parts market size has grown strongly in recent years. It will grow from $482.35 billion in 2025 to $512.29 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to growth in global vehicle parc, increasing vehicle aging trends, expansion of independent repair shops, availability of diverse aftermarket suppliers, rising demand for affordable maintenance solutions.

The aftermarket automotive parts market size is expected to see strong growth in the next few years. It will grow to $659.88 billion in 2030 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to increasing adoption of electric vehicle aftermarket components, rising digitalization of auto parts retail, expansion of performance tuning culture, growing demand for sustainable automotive parts, increasing integration of smart vehicle components. Major trends in the forecast period include increasing demand for cost-effective replacement parts, rising adoption of online aftermarket sales channels, growing focus on vehicle performance enhancement, expansion of customization and styling products, enhanced emphasis on vehicle longevity.

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 companies 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, Sanden International, Shelby American, Inc., Specialty Vehicle Engineering, RENNtech, Overfinch.

North America was the largest region in the aftermarket automotive parts market in 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aftermarket automotive parts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, 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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