US Auto Parts Market Research Report By End-User (OEM, Aftermarket) and By Distribution Channel (Offline, Online) - Forecast to 2035

US Auto Parts Market Overview:

As per MRFR analysis, the US Auto Parts Market Size was estimated at 112.15 (USD Billion) in 2023. The US Auto Parts Market Industry is expected to grow from 120(USD Billion) in 2024 to 230 (USD Billion) by 2035. The US Auto Parts Market CAGR (growth rate) is expected to be around 6.093% during the forecast period (2025 - 2035).

Key US Auto Parts Market Trends Highlighted

The US Auto Parts Market is experiencing significant trends driven by a combination of consumer behavior shifts and technological advancements. One key market driver is the increasing popularity of electric vehicles (EVs) that is reshaping the demand for auto parts. As consumers become more environmentally conscious, automotive companies are dedicating resources to produce EVs, leading to a surge in specialized auto parts such as batteries and electric drive systems. Additionally, the growing trend of online shopping is transforming the way consumers purchase auto parts.

With e-commerce platforms gaining momentum, consumers are now able to access a wide variety of parts from their homes, paving the way for more competition among suppliers and potentially lowering prices.Opportunities to be explored include the heavy investment in research and development for smart automotive technologies. The integration of advanced safety features and connectivity in vehicles presents a burgeoning market for associated auto parts. Companies focusing on these technological advancements can tap into a demographic of tech-savvy consumers who prioritize innovation in their vehicle choices.

In recent times, the US auto parts market has seen an increase in the demand for aftermarket parts, as car owners look to extend the lifespan of their vehicles and enhance performance. This trend also correlates with the rising number of older vehicles on the road, which creates a need for replacement parts.As the automotive landscape evolves, the emphasis on sustainable and high-tech solutions is anticipated to grow, making it a pivotal time for stakeholders to adapt and innovate in the US auto parts sector.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Auto Parts Market Drivers

Rising Vehicle Ownership in the United States

The increasing trend of vehicle ownership in the United States is a significant driver for the US Auto Parts Market Industry. As per the Federal Highway Administration data, there were approximately 270 million registered motor vehicles in the US as of 2021, which underpins a consistent demand for automotive parts. This growth represents a continuous increase in vehicle usage and the replacement of parts, creating a wide-ranging need for auto parts suppliers.

Notably, the American Automobile Association reported a steady upward trend in vehicle registration over the past decade, increasing by roughly 12% from 2010 to 2020. Additionally, the automotive industry in the US is shifting towards more complex vehicles, with advanced technologies and features that require specialized parts. Major companies, including Ford Motor Company and General Motors, are innovating to meet consumer demands for safety and efficiency, which inevitably leads to increased replacement and aftermarket parts sales.

Growth of E-commerce in Automotive Parts

The growth of e-commerce has significantly transformed the purchasing landscape in the US Auto Parts Market Industry. Online sales of automotive parts have surged, facilitated by platforms such as Amazon and specialized automotive websites. According to the United States Census Bureau, e-commerce sales for all industries grew by over 30% during the pandemic year of 2020, highlighting a notable shift in consumer behavior towards online shopping.

This trend is expected to continue as convenience becomes a priority for consumers.Additionally, the Automotive Aftermarket Industry Association has recorded increasing online purchases in the automotive sector, indicating a paradigm shift that allows for easier access to a diverse range of auto parts, thus enhancing market growth. This e-commerce boom not only boosts sales but also opens new markets to suppliers and manufacturers.

Advent of Electric and Hybrid Vehicles

The increasing adoption of electric and hybrid vehicles in the United States is reshaping the US Auto Parts Market Industry. According to the US Department of Energy, electric vehicle sales in the US increased dramatically, with more than 400,000 new electric vehicles sold in 2020 alone, a significant leap compared to previous years.

This surge emphasizes the growing demand for advanced auto parts tailored specifically for electric and hybrid models, such as high-voltage batteries and electronic components.Companies like Tesla and Rivian are leading this charge, pushing traditional manufacturers to innovate and adapt their parts offerings. The shift towards sustainable and environmentally-friendly vehicles not only opens up new market avenues but also drives research and development initiatives towards specialized parts, leading to a more competitive and expansive auto parts industry.

US Auto Parts Market Segment Insights:

Auto Parts Market End-User Insights

The End-User segment of the US Auto Parts Market plays a crucial role in shaping the dynamics of the industry, reflecting the diverse needs of consumers and businesses alike. This segment can be broadly categorized into Original Equipment Manufacturer (OEM) and Aftermarket. The OEM segment is primarily significant as it caters to vehicle manufacturers who require parts that meet stringent quality and safety standards. As the automotive industry trends toward increased vehicle electrification and connectivity, the demand for specialized parts from OEMs is expected to grow.

In contrast, the Aftermarket segment has seen robust growth driven by vehicle maintenance and repair requirements. With a large population of older vehicles on the road, the need for replacement parts, accessories, and enhancements has increasingly become a focal point for consumers and service providers. The Aftermarket segment significantly contributes to the economy, with opportunities emerging from rising e-commerce platforms and increased consumer awareness regarding vehicle upkeep. Given the diverse applications and the continuous innovation in technology, both segments are vital as they not only cater to different customer bases but also drive advancements in the overall US Auto Parts Market.

The growth drivers within this sector include shifts towards sustainability, regulatory changes, and advancements in technology, which all act to reshape demand and pricing models. Challenges in this market, such as fluctuating supply chain dynamics and competition from emerging aftermarket players, may also impact how each segment operates in the coming years. Insights into market statistics highlight that both OEM and Aftermarket segments, while distinct, are tightly interwoven in the fabric of the automotive supply chain, influencing consumer behavior and market trends.As these segments evolve, understanding their specific demands and challenges will be essential for industry stakeholders aiming to capitalize on growth opportunities in the US Auto Parts Market.

The importance of having a diversified strategy that addresses the needs of both OEMs and Aftermarket participants cannot be overstated, as it presents meaningful pathways for businesses to adapt and thrive in a rapidly changing landscape.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Auto Parts Market Distribution Channel Insights

The US Auto Parts Market, valued at 120.0 USD Billion in 2024, exhibits diverse distribution channel dynamics significantly impacting its growth. The market segmentation reveals two primary channels: Offline and Online. Offline channels, comprising traditional brick-and-mortar stores, play a crucial role by providing immediate access to essential auto parts, enhancing customer experience through personal interaction and prompt service.

Meanwhile, the Online distribution channel has gained momentum, driven by increasing consumer preference for convenience and the expansion of e-commerce platforms within the automotive sector.The US consumer's shift towards online shopping is reflected in rising online sales, as digital platforms offer competitive pricing and a vast selection of products. Furthermore, the increasing penetration of smartphones and internet accessibility across various demographics serves as a catalyst for online market growth.

The combination of a strong offline presence with the rising trend of online purchasing parallels the growing demand for aftermarket auto parts, indicating a robust landscape for the US Auto Parts Market. Insights into these channels reveal ongoing opportunities, with the potential for innovation in customer service, distribution logistics, and digital marketing strategies paving the way for future growth.

US Auto Parts Market Key Players and Competitive Insights:

The US Auto Parts Market represents a dynamic and competitive landscape characterized by numerous players, including manufacturers, distributors, and retailers. Factors such as technological advancements, shifting consumer preferences, and the expansion of e-commerce have significantly influenced the market's structure and competition. Companies are consistently innovating their offerings to address the evolving needs of consumers, effectively enhancing customer service and experience. Market dynamics are further propelled by regulatory changes, environmental considerations, and economic variables, all of which play crucial roles in shaping competitive strategies. As traditional automotive sales shift to digital platforms, players in the auto parts market must continually adapt to remain relevant and meet the demands of today's consumer base, which seeks convenience, variety, and cost-effectiveness.Bosch stands out within the US Auto Parts Market due to its strong emphasis on quality and innovation. Renowned for its advanced technologies and product reliability, the company holds a substantial share in various segments of the market, especially in areas like electrical systems, fuel systems, and diagnostics. Bosch leverages its extensive research and development capabilities to deliver cutting-edge products that meet strict industry standards.

This strategic focus has allowed Bosch to build strong relationships with automotive manufacturers and suppliers within the US, solidifying its reputation as a trusted brand. Furthermore, its commitment to sustainability and environmentally friendly solutions aligns well with the growing consumer demands for eco-conscious products, enhancing its competitive edge in the market.O'Reilly Automotive has established itself as a prominent player in the US Auto Parts Market, known for its extensive network of stores and comprehensive product offerings. The company specializes in providing a wide range of automotive parts, tools, and supplies, catering primarily to both DIY customers and professional service providers.

O'Reilly Automotive's strengths lie in its robust distribution capabilities and a large inventory that ensures product availability across its numerous retail locations. The company's focus on customer service, coupled with its knowledgeable staff, significantly contributes to customer satisfaction and loyalty. O'Reilly has also made strategic acquisitions to expand its market presence and product range, which has enhanced its operational efficiencies and broadened its customer base. Overall, O'Reilly Automotive maintains a competitive position through its commitment to quality, customer service excellence, and a well-established reputation in the US market.

Key Companies in the US Auto Parts Market Include:

• Bosch


• O'Reilly Automotive


• Carquest


• Delphi Technologies


• Genuine Parts Company


• NAPA Auto Parts


• Tire Rack


• Mann+Hummel


• RockAuto


• LKQ Corporation


• Pep Boys


• Duralast


• Advance Auto Parts


• AutoZone


• Federated Auto Parts

US Auto Parts Market Industry Developments

The US Auto Parts Market has been experiencing notable developments recently, particularly amid the ongoing supply chain disruptions and inflationary pressures. In August 2023, Bosch announced the expansion of its manufacturing capabilities to meet the rising demand for electric vehicle components, signaling a shift in the industry towards electrification. O'Reilly Automotive and Advance Auto Parts have also reported improved sales and growth, indicating strong consumer demand for auto parts in the wake of rising vehicle maintenance needs. In terms of mergers and acquisitions, LKQ Corporation completed its acquisition of the UK-based auto parts distributor, Euro Car Parts in June 2023, enhancing its market presence and product offerings.

Furthermore, Genuine Parts Company has made strides with its strategic investments in technology to streamline operations. The market's valuation has seen growth due in part to the increasing trend of vehicle ownership and the rising complexity of modern vehicles, resulting in a higher demand for specialized auto parts from companies like NAPA Auto Parts and Tire Rack. These developments underscore the dynamic nature of the US Auto Parts Market, responding to evolving consumer needs and technological advancements.

US Auto Parts Market Segmentation Insights

Auto Parts Market End-User Outlook

• OEM


• Aftermarket

Auto Parts Market Distribution Channel Outlook

• Offline


• Online

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	112.15 (USD Billion)
MARKET SIZE 2024	120.0 (USD Billion)
MARKET SIZE 2035	230.0 (USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	6.093% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Bosch, O'Reilly Automotive, Carquest, Delphi Technologies, Genuine Parts Company, NAPA Auto Parts, Tire Rack, Mann+Hummel, RockAuto, LKQ Corporation, Pep Boys, Duralast, Advance Auto Parts, AutoZone, Federated Auto Parts
SEGMENTS COVERED	End-User, Distribution Channel
KEY MARKET OPPORTUNITIES	Electric vehicle parts demand, E-commerce growth for auto parts, Aftermarket customization trends, Sustainable materials integration, Increased vehicle repair rates
KEY MARKET DYNAMICS	increased vehicle ownership, growth in e-commerce sales, shift towards electric vehicles, rise in aftermarket services, supply chain disruptions
COUNTRIES COVERED	US