U.S. Automotive After Market Size & Outlook, 2023-2030
U.S. automotive aftermarket market, 2017-2030 (US$M)
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U.S. automotive aftermarket market highlights
- The U.S. automotive aftermarket market generated a revenue of USD 80,057.8 million in 2023 and is expected to reach USD 93,844.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 2.3% 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 80,057.8 million |
| Market revenue in 2030 | USD 93,844.0 million |
| Growth rate | 2.3% (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, U.S. accounted for 17.9% 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 |
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U.S. 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 23.06% in 2023. Horizon Databook has segmented the U.S. 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 National Highway Traffic Safety Administration, the average number of car accidents in the U.S. is six million per year, which is higher as compared to that in other developed economies of Europe.
Moreover, according to the estimates of the World Health Organization, the traffic fatality rate in the U.S. is 12.4 deaths per thousand accidents, which is about 50% higher than Australia, Canada, Japan, and other developed nations in Western Europe.
The traffic laws in the U.S. are more lenient as compared to those in other developed nations. Alcohol consumption, speeding, and reckless driving are some of the major factors causing road crashes in the country. Increasing number of car crashes are likely to drive automotive glass aftermarket in the country.
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Target buyers of U.S. 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. automotive aftermarket market , including forecasts for subscribers. This country databook contains high-level insights into U.S. automotive aftermarket market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. automotive aftermarket size, by replacement part, 2017-2030 (US$M)
U.S. Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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