NAICS Codes and SIC Codes explained North American Industry Classification System (NAICS) Codes were created to officially classify all businesses by their primary function. For automotive aftermarket businesses, they’re the official business classification categories recognized by the United States, Canada and Mexico. They include automotive service businesses, retailers, and wholesalers. With the exception of automobile…
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 1. The entire US aftermarket, including light, medium and heavy-duty vehicles, is projected at nearly $535 billion in…
Summary: The Mexican auto aftermarket is estimated to be more than US$4.6 billion in 2019 and is expected to grow at a rate of between 5% and 6% over the next few years. There are approximately 49 million vehicles in operation (VIO) in Mexico in 2019, making it the 11th largest national fleet in the…