Canada Automotive After Market Size & Outlook, 2023-2030
Canada automotive aftermarket market, 2017-2030 (US$M)
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Canada automotive aftermarket market highlights
- The Canada automotive aftermarket market generated a revenue of USD 14,794.5 million in 2023 and is expected to reach USD 19,067.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement part in 2023.
- Turbochargers is the most lucrative replacement part segment registering the fastest growth during the forecast period.
Automotive aftermarket market data book summary
| Market revenue in 2023 | USD 14,794.5 million |
| Market revenue in 2030 | USD 19,067.0 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Turbochargers |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake Parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers |
| Key market players worldwide | 3M Co, Continental AG, Goodyear Tire & Rubber Co, Denso Corp, HELLA GmbH & Co KGaA, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, Canada accounted for 3.3% of the global automotive aftermarket market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. automotive aftermarket market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 14,598.6 million by 2030.
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Automotive Aftermarket Market Scope
Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada automotive aftermarket market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive aftermarket market will help companies and investors design strategic landscapes.
Tire was the largest segment with a revenue share of 21.05% in 2023. Horizon Databook has segmented the Canada automotive aftermarket market based on tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, exhaust components, turbochargers covering the revenue growth of each sub-segment from 2017 to 2030.
According to the estimates of the Canadian Transportation Safety Board, the average number of car accidents occurring each year in Canada is 160,000. The road traffic fatalities in 2017 were estimated to be 5.26 per 100,000 inhabitants, according to the estimates of World Health Organization.
Driver distraction by the use of cell phone while driving was estimated to be the major reason for road crashes in the country. Such occurrences of frequent road crashes in the country are likely to result in the rising demand for aftermarket glass.
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Target buyers of Canada automotive aftermarket market databook
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Our clientele includes a mix of automotive aftermarket market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada automotive aftermarket market , including forecasts for subscribers. This country databook contains high-level insights into Canada automotive aftermarket market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada automotive aftermarket size, by replacement part, 2017-2030 (US$M)
Canada Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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