An independent analysis of automotive industry reports for sale AutomotiveAftermarket.org recently compared automotive market research reports offered for sale by various automotive market research companies. These reports compare and project the industry outlook for the global auto aftermarket industry. It seems more and more market research reports are available for sale to the public. As…
Since the coronavirus outbreak really hit the US in March 2020, the automotive industry and COVID-19 have both been in the headlines. The automotive industry has made efforts to show unwavering resilience. That’s something it has successfully done in every major economic crisis. One year later, the outbreak continues to cause widespread global concern and…
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.…
What is the automotive aftermarket? Automotive aftermarket definition: The automotive industry’s after-sale market. “Aftermarket” includes vehicle parts, equipment, replacement tires, service repair, collision repair and accessories, sold after the sale of the original vehicle. The aftermarket includes companies in manufacturing, re-manufacturing, distribution, retailing, and installation of replacement vehicle parts, equipment, service repair and automotive accessories.…
Total US automotive aftermarket industry size The US light-duty automotive aftermarket is a $405 billion industry (projected 2024) with a compound annual growth rate of 5.8% projected through 2026. Light-duty is a subset of the entire aftermarket.* The entire US aftermarket, including light, medium and heavy-duty vehicles, is projected at nearly $535 billion in 2024…