United States Car Parts Aftermarket Market

Increasing Online Sales of Aftermarket Car Parts and Components drives market growth.

The United States aftermarket car parts and components market is anticipated to grow positively due to a rise in people's internet activity. Producers can now supply high-quality items faster because of technological advancements and the accelerating pace of logistical progress, which has propelled market expansion. E-commerce activity is growing faster than expected due to the ongoing epidemic. In Addition, in 2020, the automobile aftermarket proved its tenacity once more with better-than-expected performance despite the global COVID-19 pandemic. In 2021, there was a notable industry recovery.

In 2021, the total aftermarket sales of light-duty vehicles in the United States will increase by approximately 11.2%, reaching USD 325 billion.

Historically, online parts sales growth rate has been roughly 16% per year; however, in 2021, e-commerce operations had a 30% spike due to the coronavirus pandemic. Accessories, aftermarket, and replacement parts fall under this category. Therefore, throughout the forecast period, this pandemic has given the leading players in the market profitable chances. Furthermore, the expansion of the automobile sector is impacted by the yearly increase in the market for electric vehicles.

In 2021, the United States yearly sales of plug-in electric vehicles exceeded 172.1 thousand units, demonstrating the significant demand for parts and components to meet the demands of this industry. Furthermore, the United States is the biggest producer of plug-in hybrid automobiles. The nation is also the market leader for these automobiles, with top producers including Cadillac, GMC, Tesla, and Chrysler.

Moreover, plug-in electric car sales have risen in the United States over the past few years due to the industry's ongoing shift towards e-mobility. Electric vehicles are significantly less complex than traditional powertrain automobiles, with about 2,000 components. According to Tesla, for example, the drivetrain of its model has just 17 moving parts total, of which two are found in the motor. It is expected that automotive component makers will begin manufacturing their related parts because the drivetrain is the engine of any electric car.

In Addition, it is estimated that approximately 150,000 of the 590,000 American workers employed in the car parts industry make internal combustion engine (ICE) components.

United States Car Parts Aftermarket Market Segment Insights:

Car Parts Aftermarket Type Insights

The United States Car Parts Aftermarket market segmentation, based on Type, includes Passenger Vehicles And Commercial Vehicles. The passenger vehicles segment mostly dominated the market. The need for frequent servicing and maintenance for popular cars like hatchbacks, sedans, and estates drives high-volume sales in this market. The proliferation of battery-electric and plug-in hybrid automobiles is also a factor in its expansion. Due to the great diversity of the US market, domestic and international automakers see strong sales volumes. Overall, passenger car quality and dependability have increased, resulting in longer product lifecycles and a higher need for replacement parts.

The commercial vehicles category is anticipated to be the fastest growing. Due to their frequent use in harsh environments, commercial vehicles have faster wear and tear. The steady demand for maintenance supplies and replacement components to maintain business fleets in top condition helps the aftermarket. Commercial fleet operators seek aftermarket fuel-efficient solutions to cut operating expenses. This includes engine management systems, air filters, and fuel injectors.

Car Parts Aftermarket Distribution Channel Insights

Based on Distribution Channels, the United States Car Parts Aftermarket market segmentation includes offline and online. The online category generated the most income. This is due to wipers, brake pads, tires, air filters, and spark plugs, which are examples of wear and tear components that are frequently changed. While AutoNation and AutoZone are participants in the pure-play aftermarket, OE replacement parts are provided by reputable suppliers like Continental, ZF Friedrichshafen, and Delphi Technologies. Online retailers of automotive aftermarket parts, like US Auto Parts Network, eBay, and Amazon, dominate the market.

In general, these elements are anticipated to propel the expansion of the passenger car segment within the US automotive parts aftermarket throughout the projected timeframe.

The offline category is expected to be the quickest rate. Conventional auto parts stores are specialized retail establishments offering a broad selection of automotive accessories and parts. National chains such as AutoZone, Advance Auto Parts, and O'Reilly Auto Parts are a few examples, along with smaller local shops. Independent garages and automobile repair shops are important components of the aftermarket distribution chain. To satisfy their clients' repair and maintenance requirements, these businesses frequently obtain parts straight from manufacturers or regional wholesalers.

Car Parts Aftermarket Country Insights

The demand for auto parts manufacturing is directly connected with manufacturers' performance, as they are the biggest consumers of industry products. Hence, the market is anticipated to increase steadily. One of the main reasons behind the rapid expansion of the US car parts aftermarket is the benefits of original replacement components. One of the most significant aftermarket trends in the United States is the growing availability of car parts via e-commerce platforms.

The market is expected to develop even more over the projected period due to the rise of 3D printing in the automotive aftermarket sector and the rising demand for hybrid and all-electric cars. In Addition, the increase in used car sales will probably present many chances for the major participants in the US aftermarket automotive parts and components industry.

United States Car Parts Aftermarket Key Market Players & Competitive Insights

The market for Car Parts Aftermarkets is expected to grow even more due to major players in the industry making significant R&D investments to extend their lines of equipment. Alongside these significant market developments, market participants engage in various strategic actions to broaden their market reach. These activities include introducing new equipment types, contractual agreements, mergers and acquisitions, increased investments, and cooperation with other organizations. The Car Parts Aftermarket sector needs to provide affordable products to grow and thrive in a more cutthroat and dynamic market.

Major players in the United States Car Parts Aftermarket market are attempting to increase market demand by investing in research and development operations, including 3M Co., Adient Plc, DENSO Corp., Lear Corp., Aisin Corp., Aptiv Plc, Magna International Inc., Pioneer Corp., Robert Bosch GmbH, NGK SPARK PLUG Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Tenneco Inc., Schaeffler AG, Stellantis NV, FlexNGate Group of Companies, and American Axle and Manufacturing Holdings Inc.

Key Companies in the United States Car Parts Aftermarket market include

• 3M Co.
• Adient Plc
• DENSO Corp.
• Lear Corp.
• Aisin Corp.
• Aptiv Plc
• Magna International Inc.
• Pioneer Corp.
• Robert Bosch GmbH
• NGK SPARK PLUG Co. Ltd.
• Panasonic Holdings Corp.
• Samsung Electronics Co. Ltd.
• Tenneco Inc.
• Schaeffler AG
• Stellantis NV
• FlexNGate Group of Companies
• American Axle and Manufacturing Holdings Inc.

United States Car Parts Aftermarket Industry Developments

• Q3 2024: BBB Industries completes acquisition of All Star Auto Parts BBB Industries, a US-based automotive aftermarket supplier and remanufacturer, completed the acquisition of All Star Auto Parts, a provider of alternative automotive replacement parts headquartered in Orlando, Florida. The deal aims to expand BBB's sustainable manufacturing capabilities and diversify its product and service offerings.
• Q2 2024: NAPA announced an acquisition in April. 2024 of its largest independent store owner in the U.S.. • The Motor Parts & Equipment Corporation. NAPA, a leading US automotive aftermarket parts distributor, acquired The Motor Parts & Equipment Corporation, its largest independent store owner, in April 2024. This acquisition strengthens NAPA's retail footprint and distribution network.
• Q3 2024: Rowe Auto Service, a parts supplier located in the US, recognized for its extensive product knowledge, professional service and wide-ranging inventory, has been acquired by Fisher Auto Parts, according to a report by Aftermarket Intel. Fisher Auto Parts acquired Rowe Auto Service, a US-based parts supplier, marking Fisher's third acquisition since its affiliation with Berrodin Parts Warehouse in October 2023. The acquisition is part of Fisher's ongoing expansion strategy.
• Q3 2024: US-based automotive aftermarket supplier and remanufacturer BBB Industries has announced its plans to acquire All Star Auto Parts, according to a press release dated July 18. BBB Industries announced plans in July 2024 to acquire All Star Auto Parts, with the deal set to be finalized in Q3 2024. The acquisition is intended to enhance BBB's offerings in the electronics sector and expand its sustainable manufacturing capabilities.

United States Car Parts Aftermarket Market Segmentation:

Car Parts Aftermarket Type Outlook

• Passenger vehicles
• Commercial vehicles

Car Parts Aftermarket Distribution Channel Outlook

• Offline
• Online

The increasing number of vehicles on the road is a primary driver of the Global United States Car Parts Aftermarket Market Industry. As of 2024, the vehicle population in the United States is projected to reach approximately 270 million. This growth necessitates a corresponding rise in demand for replacement parts and accessories, as vehicles require regular maintenance and repairs. The expanding vehicle fleet is expected to contribute significantly to the market's valuation, which is anticipated to reach 18.8 USD Billion in 2024. This trend indicates a robust opportunity for aftermarket suppliers to cater to a diverse range of vehicle models and types.

The Global United States Car Parts Aftermarket Market Industry is poised for growth, with projections indicating a market size of 18.8 USD Billion in 2024 and an expected increase to 24.4 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate (CAGR) of 2.42% from 2025 to 2035. Various factors contribute to this upward trend, including the increasing vehicle population, technological advancements, and changing consumer preferences. These dynamics create a favorable environment for aftermarket suppliers to innovate and expand their offerings, ultimately enhancing their competitive positioning in the market.

The rapid expansion of e-commerce platforms is transforming the Global United States Car Parts Aftermarket Market Industry. Online retailing offers consumers convenient access to a wide range of aftermarket parts, often at competitive prices. This shift towards digital purchasing is particularly appealing to tech-savvy consumers who prefer the ease of online shopping. As e-commerce continues to grow, it is likely to facilitate greater market penetration for aftermarket suppliers, enabling them to reach a broader audience. The anticipated growth trajectory, with a CAGR of 2.42% from 2025 to 2035, underscores the potential for e-commerce to reshape consumer purchasing habits and drive market expansion.

A heightened awareness of vehicle maintenance among consumers is driving growth in the Global United States Car Parts Aftermarket Market Industry. As vehicles become more complex, owners recognize the importance of regular servicing and the need for quality replacement parts. This trend is supported by educational initiatives and resources that inform consumers about the benefits of proactive maintenance. Consequently, the demand for aftermarket parts is expected to rise as vehicle owners seek reliable solutions to extend the lifespan of their vehicles. This focus on maintenance aligns with the projected market valuation of 18.8 USD Billion in 2024, highlighting the critical role of consumer education in shaping market dynamics.

The trend towards vehicle customization is becoming increasingly prominent within the Global United States Car Parts Aftermarket Market Industry. Consumers are increasingly seeking personalized parts and accessories to enhance their vehicles' aesthetics and performance. This shift is particularly evident among younger demographics, who prioritize unique modifications. The growing interest in customization is likely to stimulate demand for aftermarket parts, as consumers invest in upgrades that reflect their individual styles. As a result, the market could experience a steady growth trajectory, with a projected CAGR of 2.42% from 2025 to 2035, indicating a sustained interest in personalized automotive solutions.

Technological innovations in automotive parts are reshaping the Global United States Car Parts Aftermarket Market Industry. The integration of advanced materials, such as lightweight composites and high-performance alloys, enhances the durability and efficiency of aftermarket components. Additionally, the rise of electric vehicles (EVs) introduces new parts and systems that require specialized aftermarket solutions. As the market adapts to these technological changes, it is likely to see an increase in demand for high-tech components, which could drive the market's growth. The anticipated market size of 24.4 USD Billion by 2035 reflects the potential impact of these advancements on consumer preferences and purchasing behavior.

The market for Car Parts Aftermarkets is expected to grow even more due to major players in the industry making significant R&D investments to extend their lines of equipment. Alongside these significant market developments, market participants engage in various strategic actions to broaden their market reach. These activities include introducing new equipment types, contractual agreements, mergers and acquisitions, increased investments, and cooperation with other organizations. The Car Parts Aftermarket sector needs to provide affordable products to grow and thrive in a more cutthroat and dynamic market.

Major players in the United States Car Parts Aftermarket market are attempting to increase market demand by investing in research and development operations, including 3M Co., Adient Plc, DENSO Corp., Lear Corp., Aisin Corp., Aptiv Plc, Magna International Inc., Pioneer Corp., Robert Bosch GmbH, NGK SPARK PLUG Co. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Tenneco Inc., Schaeffler AG, Stellantis NV, FlexNGate Group of Companies, and American Axle and Manufacturing Holdings Inc.