Automotive Spare Parts Aftermarket Global Market Report 2025

The automotive spare parts aftermarket market size has grown strongly in recent years. It will grow from $485.97 billion in 2024 to $519.04 billion in 2025 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rising vehicle ownership, increasing average vehicle age, growing demand for vehicle maintenance, expansion of independent repair shops, and higher disposable income.

The automotive spare parts aftermarket market size is expected to see strong growth in the next few years. It will grow to $666.19 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to rising adoption of electric vehicles, increasing focus on vehicle customization, growth in e-commerce sales for auto parts, expansion of distribution networks, and higher demand for cost-effective replacement parts. Key trends in the forecast period include advancements in predictive maintenance technologies, innovations in 3D printing for spare parts, developments in digital inventory management, research and development in sustainable materials, and progress in telematics-based diagnostics.

The rise of the aging global vehicle fleet is driving growth in the automotive spare parts aftermarket. An aging fleet refers to the increasing average age of vehicles in operation, which need more frequent maintenance, repairs, and component replacements to maintain safety and performance. This trend is due to prolonged vehicle ownership caused by high new car prices and economic uncertainty, prompting owners to retain older vehicles. Older vehicles increase demand for replacement components, repair services, and refurbishment solutions to maintain reliability and efficiency. For instance, in September 2024, the European Automobile Manufacturers Association reported that in the EU, cars averaged 12.3 years, vans 12.5 years, trucks 13.9 years, buses 12.5 years, and light commercial vehicles 12.5 years. Therefore, the aging fleet is driving growth in the automotive spare parts aftermarket.

Major companies in the automotive spare parts aftermarket are introducing greener brake pad technologies, such as copper-free friction materials and performance-focused product families, to meet regulatory requirements and customer demand for sustainability while maintaining braking performance. These solutions support both enthusiast driving and daily use while aligning with the transition to lower-emission mobility. In November 2023, Brembo, an Italy-based automotive parts manufacturer, launched the all copper-free XTRA brake pad line in Low Metal and NAO Ceramic formulations. Different backing plate and shim colors help users distinguish between pad families. The expanded aftermarket portfolio is part of Brembo’s strategy to provide high-quality, sustainable braking solutions across its Prime, XTRA, Beyond EV, Beyond Greenance, and Upgrade product families.

In November 2024, MidOcean Partners, a US-based provider of private equity investment and alternative asset management services, acquired Arnott Industries for an undisclosed amount. The acquisition strengthens MidOcean’s presence in the automotive aftermarket by adding a market-leading air-suspension platform, expanding product and geographic coverage, and supporting add-on M&A and operational synergies. Arnott Industries is a US-based manufacturer and designer of automotive aftermarket spare parts, with a focus on air suspension systems and components.

Major companies operating in the automotive spare parts aftermarket market are Dayco Products LLC, Mitsubishi Electric Corporation, Aisin Seiki Co. Ltd., Continental AG, ZF Friedrichshafen AG, Tenneco Inc., Schaeffler AG, Magna International Inc., FORVIA Group, BorgWarner Inc., Gates Industrial Corporation PLC, Visteon Corporation, Hitachi Astemo Ltd., DENSO Corporation, Robert Bosch GmbH, Ajusa S.A, Webasto SE, Ferdinand Bilstein GmbH + Co. KG, Blueprint Automotive Ltd., Valeo SA, Bridgestone Corporation / Michelin Group, Meritor Inc., Corteco GmbH, Marelli Holdings Co. Ltd., Sumitomo Riko Company Limited, Yazaki Corporation, JTEKT Corporation, and NSK Ltd.

North America was the largest region in the automotive spare parts aftermarket market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive spare parts aftermarket market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive spare parts aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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 rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the transport sector, particularly in fleet maintenance and logistics operations. Higher duties on imported commercial vehicles, tires, and engine components have increased operational costs for trucking and freight companies, forcing them to raise shipping rates or reduce margins. Airlines and maritime shippers face similar pressures, with tariffs on aircraft parts and shipbuilding materials driving up capital expenditures. Additionally, retaliatory tariffs in key export markets have reduced demand for U.S.-made transportation equipment, further straining revenue streams. The sector must now prioritize fuel efficiency, alternative sourcing, and automation to offset rising expenses while maintaining service reliability.

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

The automotive spare parts aftermarket is the secondary market focused on manufacturing, distributing, and selling vehicle replacement parts, components, and accessories after the vehicle’s initial sale. It includes both original and third-party products for repair, maintenance, and customization. This market helps extend vehicle life, maintain performance reliability, and offer cost-effective solutions for repair and upgrades to vehicle owners.

The main product types in the automotive spare parts aftermarket are engine parts, transmission parts, body parts, suspension parts, electrical parts, filters, and brake parts. Engine parts are individual mechanical components that convert fuel into power in an internal combustion engine. Covered vehicle types include passenger vehicles, commercial vehicles, two-wheelers, electric vehicles, and luxury vehicles. Service types include replacement, repair, maintenance, customization, performance enhancement, and diagnostics and predictive maintenance. Distribution channels include online retailers, brick-and-mortar stores, wholesalers, direct sales, and OEM dealerships. End-users include individual car owners, workshops and garages, fleet operators, and repair and maintenance service providers.

The automotive spare parts aftermarket market consists of revenues earned by entities by providing services such as vehicle repair and maintenance, parts replacement, remanufacturing, customization, diagnostics, installation, and distribution of aftermarket components and accessories. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive spare parts aftermarket market also includes sales of fuel systems, cooling systems, steering components, clutch assemblies, sensors, wiper blades, mirrors, and air conditioning parts. 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.

This product will be delivered within 3-5 business days.