According to the Automotive Industries Association of Canada (AIA Canada) the aftermarket parts in Canada reached a record C$38.8 billion/US$29.14 billion of GDP in 2019. That figure includes C$10 billion/US$7.51 billion in product sales. This represents an annual 2% growth rate according to AIA Canada. The aftermarket was reported at C$20.4 billion/US$16 billion in 2014.…
Total US automotive aftermarket industry size The US light-duty automotive aftermarket is a $370 billion industry (projected 2023) with a compound annual growth rate of 7% projected through 2024. Light-duty is a subset of the entire aftermarket.* The entire US aftermarket, including light, medium and heavy-duty vehicles, is projected at nearly $500 billion in 2023…