Automotive Aftermarket Market to Grow with a CAGR of 3.50% through 2030
Growing vehicle parc, rising demand for vehicle
customization, and increasing preference for replacement parts are the factors
driving the market in the forecast period 2026-2030.
According to TechSci Research report, “Automotive
Aftermarket Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2020-2030F”, The Global Automotive Aftermarket Market
was valued at USD 471.96 Billion in 2024 and is expected to reach USD 580.16
Billion by 2030 with a CAGR of 3.50% during the forecast period.
The global automotive aftermarket is evolving into a
more diversified and technology-driven sector, supported by the rising
complexity of modern vehicles and the need for specialized servicing solutions.
Increasing production of both traditional and alternative-fuel vehicles is
expanding the range of parts and components required, creating broader revenue
streams for aftermarket suppliers. Growth is further stimulated by heightened
awareness of preventive maintenance, as vehicle owners seek to avoid costly
breakdowns and maximize efficiency. The shift toward software-driven vehicles
is generating new demand for system updates, calibration services, and
diagnostic capabilities beyond traditional mechanical repairs. Rapid expansion
of digital retail channels is also enabling faster, more transparent sourcing
of parts, while advanced logistics solutions are reducing delivery lead times.
The aftermarket is benefiting from the growing adoption of modular and
standardized components, which simplify repairs and improve service efficiency.
A focus on performance optimization, from aerodynamics to braking systems, is
appealing to both enthusiast and commercial vehicle segments. This multifaceted
demand, combined with the increasing global emphasis on extending vehicle
lifecycles and integrating intelligent repair solutions, is reinforcing the
aftermarket’s position as a critical pillar of the automotive industry’s value
chain.
Browse over XX market data Figures spread through XX Pages
and an in-depth TOC on "Automotive Aftermarket Market"
Automotive Aftermarket Market Is Segmented by Vehicle
Type, Component, Sales Channel, and By Region.
In 2024, the tires segment recorded the fastest growth in
the global automotive aftermarket, supported by the constant need for
replacement driven by wear, seasonal changes, and evolving performance
requirements. Rising vehicle usage across passenger and commercial segments
heightened the demand for high-quality tires with improved safety, fuel
efficiency, and durability. Growing consumer awareness regarding the benefits
of timely tire replacement, coupled with the increasing popularity of premium
and specialized tire types such as all-terrain, run-flat, and
low-rolling-resistance models, contributed to the segment’s rapid expansion.
Technological advancements in tire design, including better tread patterns and
materials engineered for longevity, further fueled replacement demand. The
surge in e-commerce platforms offering a wide range of tire options with quick
delivery and installation services also played a crucial role in boosting
growth for this segment during the year.
The Middle East and Africa emerged as the fastest-growing
region for the automotive aftermarket in 2024, propelled by a rising vehicle
parc, expanding road networks, and an increasing focus on preventive
maintenance. Higher disposable incomes in certain markets and the cultural
emphasis on vehicle aesthetics and upkeep have encouraged greater spending on
aftermarket products and services. Harsh climatic conditions in parts of the
region accelerate wear on components like tires, batteries, and lubricants, driving
frequent replacements. A growing number of organized service centers, combined
with expanding online parts availability, has improved access to quality
aftermarket offerings. The region’s evolving regulatory environment is also
fostering demand for standardized, high-performance products, positioning it as
a dynamic growth hub within the global aftermarket landscape.
Major Market Players Operating in Global Automotive
Aftermarket Market Are:
- 3M
- Continental
AG
- Cooper
Tire & Rubber Company
- Delphi
Automotive PLC
- Denso
Corporation
- Federal-Mogul
Corporation
- HELLA
KGaA Hueck & Co.
- Robert
Bosch GmbH
- Valeo
Group
- ZF
Friedrichshafen AG
Download Free Sample Report
Customers can also request for 10% free customization
on this report.
“Data analytics and predictive maintenance are reshaping the automotive aftermarket by enabling more proactive and efficient vehicle servicing. Connected vehicles generate vast amounts of data through sensors and telematics systems, which aftermarket service providers can analyze to predict component failures before they occur. This approach reduces downtime, lowers maintenance costs, and improves overall vehicle reliability. Predictive maintenance allows service centers to offer targeted repairs, optimize inventory management, and enhance customer satisfaction through personalized service plans. The integration of AI and machine learning algorithms helps identify patterns and recommend timely interventions. Data-driven insights also enable aftermarket companies to design better parts and tailor services to specific vehicle usage conditions”, according to Mr. Karan
Chechi, Research Director of TechSci Research, a global research-based
management consulting firm.
“Automotive Aftermarket Market– Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Passenger
Cars, Commercial Vehicle, Two-Wheelers), By Component (Tires, Body &
Mechanical parts, Batteries, Accessories & Vehicle Care Products,
Lubricants), By Sales Channel (Online, Offline), By Region, By Competition,
2020-2030F”, assesses the market's future growth potential and
provides data on market size, trends, and forecasts. It aims to offer
comprehensive market insights, helping decision-makers make informed investment
choices. The report also highlights emerging trends, key drivers, challenges,
and opportunities in the Global Automotive Aftermarket Market.
Contact Us-
TechSci Research
LLC
420 Lexington Avenue, Suite 300,
New York, United States- 10170
M: +13322586602
Email: [email protected]
Website: www.techsciresearch.com