Automotive Aftermarket Industry To Reach $643.78 Billion By 2033

Automotive Aftermarket Industry Growth & Trends

The global automotive aftermarket industry size is estimated to reach USD 643.78 billion by 2033, registering a CAGR of 3.4% from 2026 to 2033, according to a new report by Grand View Research, Inc. Digitalization of automotive repair & component sales complemented by advanced technology incorporations in the automobile aftermarket component manufacturing is expected to boost the market growth. The surging reception of semi-autonomous, electric vehicles, and hybrid & autonomous cars, in the years to come, is further expected to bolster the demand for new components.

Furthermore, the increasing vehicle penetration is driven by the overall improvement of lifestyle in developing countries, such as India and Brazil, and is expected to drive the growth of the automobile industry in the region. Similar surges in the automotive manufacturing sector across various regions along with the increasingly stringent emissions norms are expected to drive the growth of automotive aftermarket component sales over the forecast period. Third-party services and technology offer new and profitable revenue streams, to leverage all these opportunities.

In addition, the industry requires investment in product development, supply chain, organizational design, and pricing model to create a great surge in demand. The rise of digital channels or social media influence is also fueling the sale of the automotive aftermarket. These online channels provide customers with all the information regarding the price of the past, and the prior user experience, making the purchasing process smoother. To support the initiatives for leveraging market foothold, the manufacturers in developing countries are adopting various strategies, including mergers, acquisitions, and partnerships.

The Asia-Pacific regional market is expected to be the fastest growing market for aftermarket over the forecast period, owing to its developing living standards and high vehicle production. It is also anticipated to be the fastest-growing market in automobile production. With the growing penetration and acceptance of gas and hybrid electric cars, specialized repair centers dedicated to the repair of particular vehicles are expected to increase. The global aftermarket is expected to witness tremendous growth due to an upsurge in the number of vehicle collisions along with the inclination of owners toward the repair of their automobiles.

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Automotive Aftermarket Industry Report Highlights

• Based on replacement parts, the tire segment is anticipated to dominate the market in terms of size over the forecast period. It is expected to remain the dominant segment.

• Based on distribution channels, the retail segment dominated the automotive aftermarket, accounting for a 54.2% share in 2025, and is anticipated to continue dominating from 2026 to 2033.

• Based on the service channel, the original equipment segment dominated the market in 2025, and is anticipated to dominate the aftermarket arena in terms of size by 2033.

• Based on certification, the genuine parts segment dominated the automotive aftermarket in 2025, and is anticipated to continue dominating over the forecast period.

• The Asia Pacific automotive aftermarket industry held the largest revenue share in 2025, and is expected to continue leading from 2026 to 2033.

Automotive Aftermarket Industry Segmentation

Grand View Research has segmented the global automotive aftermarket industry report based on replacement part, distribution channel, service channel, certification, and region:

Cell Banking Outsourcing Replacement Parts Outlook (Revenue, USD Billion, 2021 - 2033)

• Tire

• Battery

• Brake Parts

• Filters

• Body parts

• Lighting & Electronic Components

• Wheels

• Exhaust components

• Turbochargers

• Others

Cell Banking Outsourcing Distribution Channel Outlook (Revenue, USD Billion, 2021 - 2033)

• Retailers

  • OEMs

  • Repair Shops

• Wholesalers & Distributors

Cell Banking Outsourcing Service Channel Outlook (Revenue, USD Billion, 2021 - 2033)

• DIY (Do it Yourself)

• DIFM (Do it for Me)

• OE (Delegating to OEMs)

Cell Banking Outsourcing Certification Outlook (Revenue, USD Billion, 2021 - 2033)

• Genuine Parts

• Certified Parts

• Uncertified Parts

Cell Banking Outsourcing Regional Outlook (Revenue, USD Billion, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• MEA

  • KSA

  • UAE

  • South Africa

List of Key Players in the Automotive Aftermarket Industry

• 3M Company

• Continental AG

• Cooper Tire & Rubber Company

• Delphi Automotive PLC

• Denso Corporation

• Federal-Mogul Corporation

• HELLA KGaA Hueck & Co.

• Robert Bosch GmbH

• Valeo Group

• ZF Friedrichshafen AG