North America Automotive After Market Size & Outlook
North America automotive aftermarket market, 2017-2030 (US$M)
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North America automotive aftermarket market highlights
- The North America automotive aftermarket market generated a revenue of USD 104,827.5 million in 2023.
- The market is expected to grow at a CAGR of 2.8% 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.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 104,827.5 million |
| Market revenue in 2030 | USD 127,509.6 million |
| Growth rate | 2.8% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Turbochargers |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 23.4% of the global automotive aftermarket market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 185,505.5 million by 2030.
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Automotive Aftermarket Market Scope
Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 22.57% in 2023. Horizon Databook has segmented the North America 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.
North America has been witnessing an increase in the number of vehicles registered since the past few years, particularly in the U.S. and Mexico. This coupled with a significant number of road accidents, particularly in the U.S., is expected to generate increased demand for automotive glass replacements.
According to Vitro, electrification, growth in the number of SUVs connectivity, emissions regulations, augmented reality displays, acoustics safety, advanced sensors, weight reduction, energy-efficient technologies, advanced antennas, and new mobility models are the major factors that are expected to create the need for advanced automotive glass solutions in OEM as well as aftermarket.
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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 continent-level data and insights on the North America automotive aftermarket market , including forecasts for subscribers. This continent databook contains high-level insights into North America automotive aftermarket market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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North America automotive aftermarket size, by country, 2017-2030 (US$M)
North America Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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