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.…

Automotive aftermarket definition: it is the auto 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. Automotive aftermarket market…