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Automotive Parts Aftermarket Market in the US 2025-2029

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    Report

  • 155 Pages
  • January 2025
  • Region: United States
  • TechNavio
  • ID: 5022276
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The automotive parts aftermarket market in the US is forecasted to grow by USD 41 billion during 2024-2029, accelerating at a CAGR of 8.7% during the forecast period. The report on the automotive parts aftermarket market in the US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by advantages and benefits of original oe replacement parts, growing average age of vehicles in the US, and growing passion for vehicle customization and growth in number of vendors.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The automotive parts aftermarket market in the US is segmented as below:

By Type

  • Passenger vehicles
  • Commercial vehicles

By Distribution Channel

  • Offline
  • Online

By Geographical Landscape

  • North America
This study identifies the growing availability of automotive aftermarket parts on E-commerce platforms as one of the prime reasons driving the automotive parts aftermarket market in the US growth during the next few years. Also, enhancing operating efficiency with industry 4.0 and growing demand for hybrid and all-electric vehicles in the US will lead to sizable demand in the market.

The report on the automotive parts aftermarket market in the US covers the following areas:

  • Automotive Parts Aftermarket Market in the US sizing
  • Automotive Parts Aftermarket Market in the US forecast
  • Automotive Parts Aftermarket Market in the US industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive parts aftermarket market in the US vendors that include 3M Co., Adient PLC, AISIN Corp., American Axle and Manufacturing Inc., Aptiv PLC, DENSO Corp., FlexNGate Group of Companies, Lear Corp., Magna International Inc., Niterra Co. Ltd., Panasonic Holdings Corp., Pioneer Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Stellantis NV, Tenneco Inc., Valeo SA, Yazaki Corp., and ZF Friedrichshafen AG. Also, the automotive parts aftermarket market in the US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Distribution Channel
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ billion)
Data Table on US - Market size and forecast 2024-2029 ($ billion)
Chart on US: Year-over-year growth 2024-2029 (%)
Data Table on US: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Automotive Parts Aftermarket Market in US 2019 - 2023
Historic Market Size - Data Table on Automotive Parts Aftermarket Market in US 2019 - 2023 ($ billion)
5.2 Type segment analysis 2019 - 2023
Historic Market Size - Type Segment 2019 - 2023 ($ billion)
5.3 Distribution Channel segment analysis 2019 - 2023
Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
6.1 Impact of AI in the automotive parts aftermarket market in US
7 Five Forces Analysis
7.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
7.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
7.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
7.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
7.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
7.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
7.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
8.1 Market segments
Chart on Type - Market share 2024-2029 (%)
Data Table on Type - Market share 2024-2029 (%)
8.2 Comparison by Type
Chart on Comparison by Type
Data Table on Comparison by Type
8.3 Passenger vehicles - Market size and forecast 2024-2029
Chart on Passenger vehicles - Market size and forecast 2024-2029 ($ billion)
Data Table on Passenger vehicles - Market size and forecast 2024-2029 ($ billion)
Chart on Passenger vehicles - Year-over-year growth 2024-2029 (%)
Data Table on Passenger vehicles - Year-over-year growth 2024-2029 (%)
8.4 Commercial vehicles - Market size and forecast 2024-2029
Chart on Commercial vehicles - Market size and forecast 2024-2029 ($ billion)
Data Table on Commercial vehicles - Market size and forecast 2024-2029 ($ billion)
Chart on Commercial vehicles - Year-over-year growth 2024-2029 (%)
Data Table on Commercial vehicles - Year-over-year growth 2024-2029 (%)
8.5 Market opportunity by Type
Market opportunity by Type ($ billion)
Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by Distribution Channel
9.1 Market segments
Chart on Distribution Channel - Market share 2024-2029 (%)
Data Table on Distribution Channel - Market share 2024-2029 (%)
9.2 Comparison by Distribution Channel
Chart on Comparison by Distribution Channel
Data Table on Comparison by Distribution Channel
9.3 Offline - Market size and forecast 2024-2029
Chart on Offline - Market size and forecast 2024-2029 ($ billion)
Data Table on Offline - Market size and forecast 2024-2029 ($ billion)
Chart on Offline - Year-over-year growth 2024-2029 (%)
Data Table on Offline - Year-over-year growth 2024-2029 (%)
9.4 Online - Market size and forecast 2024-2029
Chart on Online - Market size and forecast 2024-2029 ($ billion)
Data Table on Online - Market size and forecast 2024-2029 ($ billion)
Chart on Online - Year-over-year growth 2024-2029 (%)
Data Table on Online - Year-over-year growth 2024-2029 (%)
9.5 Market opportunity by Distribution Channel
Market opportunity by Distribution Channel ($ billion)
Data Table on Market opportunity by Distribution Channel ($ billion)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
11.1 Market drivers
11.2 Market challenges
11.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
11.4 Market opportunities/restraints
12 Competitive Landscape
12.1 Overview
12.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
12.3 Landscape disruption
Overview on factors of disruption
12.4 Industry risks
Impact of key risks on business
13 Competitive Analysis
13.1 Companies profiled
Companies covered
13.2 Company ranking index
Company ranking index
13.3 Market positioning of companies
Matrix on companies position and classification
13.4 Adient Plc
Adient Plc - Overview
Adient Plc - Business segments
Adient Plc - Key offerings
Adient Plc - Segment focus
SWOT
13.5 AISIN Corp.
AISIN Corp. - Overview
AISIN Corp. - Business segments
AISIN Corp. - Key news
AISIN Corp. - Key offerings
AISIN Corp. - Segment focus
SWOT
13.6 American Axle and Manufacturing Inc.
American Axle and Manufacturing Inc. - Overview
American Axle and Manufacturing Inc. - Business segments
American Axle and Manufacturing Inc. - Key news
American Axle and Manufacturing Inc. - Key offerings
American Axle and Manufacturing Inc. - Segment focus
SWOT
13.7 Aptiv Plc
Aptiv Plc - Overview
Aptiv Plc - Business segments
Aptiv Plc - Key news
Aptiv Plc - Key offerings
Aptiv Plc - Segment focus
SWOT
13.8 DENSO Corp.
DENSO Corp. - Overview
DENSO Corp. - Business segments
DENSO Corp. - Key news
DENSO Corp. - Key offerings
DENSO Corp. - Segment focus
SWOT
13.9 FlexNGate Group of Companies
FlexNGate Group of Companies - Overview
FlexNGate Group of Companies - Product / Service
FlexNGate Group of Companies - Key offerings
SWOT
13.10 Lear Corp.
Lear Corp. - Overview
Lear Corp. - Business segments
Lear Corp. - Key offerings
Lear Corp. - Segment focus
SWOT
13.11 Magna International Inc.
Magna International Inc. - Overview
Magna International Inc. - Business segments
Magna International Inc. - Key news
Magna International Inc. - Key offerings
Magna International Inc. - Segment focus
SWOT
13.12 Panasonic Holdings Corp.
Panasonic Holdings Corp. - Overview
Panasonic Holdings Corp. - Business segments
Panasonic Holdings Corp. - Key news
Panasonic Holdings Corp. - Key offerings
Panasonic Holdings Corp. - Segment focus
SWOT
13.13 Pioneer Corp.
Pioneer Corp. - Overview
Pioneer Corp. - Product / Service
Pioneer Corp. - Key offerings
SWOT
13.14 Robert Bosch GmbH
Robert Bosch GmbH - Overview
Robert Bosch GmbH - Product / Service
Robert Bosch GmbH - Key news
Robert Bosch GmbH - Key offerings
SWOT
13.15 Schaeffler AG
Schaeffler AG - Overview
Schaeffler AG - Business segments
Schaeffler AG - Key news
Schaeffler AG - Key offerings
Schaeffler AG - Segment focus
SWOT
13.16 Stellantis NV
Stellantis NV - Overview
Stellantis NV - Business segments
Stellantis NV - Key news
Stellantis NV - Key offerings
Stellantis NV - Segment focus
SWOT
13.17 Yazaki Corp.
Yazaki Corp. - Overview
Yazaki Corp. - Product / Service
Yazaki Corp. - Key offerings
SWOT
13.18 ZF Friedrichshafen AG
ZF Friedrichshafen AG - Overview
ZF Friedrichshafen AG - Business segments
ZF Friedrichshafen AG - Key news
ZF Friedrichshafen AG - Key offerings
ZF Friedrichshafen AG - Segment focus
SWOT
14 Appendix
14.1 Scope of the report
14.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
14.3 Currency conversion rates for US$
Currency conversion rates for US$
14.4 Research methodology
Research methodology
14.5 Data procurement
Information sources
14.6 Data validation
Data validation
14.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
14.8 Data synthesis
Data synthesis
14.9 360 degree market analysis
360 degree market analysis
14.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Type
Exhibits 5: Executive Summary - Chart on Market Segmentation by Distribution Channel
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 8: Overview on criticality of inputs and factors of differentiation
Exhibits 9: Overview on factors of disruption
Exhibits 10: Impact of drivers and challenges in 2024 and 2029
Exhibits 11: Parent Market
Exhibits 12: Data Table on - Parent Market
Exhibits 13: Market characteristics analysis
Exhibits 14: Value chain analysis
Exhibits 15: Offerings of companies included in the market definition
Exhibits 16: Market segments
Exhibits 17: Chart on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 18: Data Table on US - Market size and forecast 2024-2029 ($ billion)
Exhibits 19: Chart on US: Year-over-year growth 2024-2029 (%)
Exhibits 20: Data Table on US: Year-over-year growth 2024-2029 (%)
Exhibits 21: Historic Market Size - Data Table on Automotive Parts Aftermarket Market in US 2019 - 2023 ($ billion)
Exhibits 22: Historic Market Size - Type Segment 2019 - 2023 ($ billion)
Exhibits 23: Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ billion)
Exhibits 24: Five forces analysis - Comparison between 2024 and 2029
Exhibits 25: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 26: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 27: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 28: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 29: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 30: Chart on Market condition - Five forces 2024 and 2029
Exhibits 31: Chart on Type - Market share 2024-2029 (%)
Exhibits 32: Data Table on Type - Market share 2024-2029 (%)
Exhibits 33: Chart on Comparison by Type
Exhibits 34: Data Table on Comparison by Type
Exhibits 35: Chart on Passenger vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 36: Data Table on Passenger vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 37: Chart on Passenger vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 38: Data Table on Passenger vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 39: Chart on Commercial vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 40: Data Table on Commercial vehicles - Market size and forecast 2024-2029 ($ billion)
Exhibits 41: Chart on Commercial vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 42: Data Table on Commercial vehicles - Year-over-year growth 2024-2029 (%)
Exhibits 43: Market opportunity by Type ($ billion)
Exhibits 44: Data Table on Market opportunity by Type ($ billion)
Exhibits 45: Chart on Distribution Channel - Market share 2024-2029 (%)
Exhibits 46: Data Table on Distribution Channel - Market share 2024-2029 (%)
Exhibits 47: Chart on Comparison by Distribution Channel
Exhibits 48: Data Table on Comparison by Distribution Channel
Exhibits 49: Chart on Offline - Market size and forecast 2024-2029 ($ billion)
Exhibits 50: Data Table on Offline - Market size and forecast 2024-2029 ($ billion)
Exhibits 51: Chart on Offline - Year-over-year growth 2024-2029 (%)
Exhibits 52: Data Table on Offline - Year-over-year growth 2024-2029 (%)
Exhibits 53: Chart on Online - Market size and forecast 2024-2029 ($ billion)
Exhibits 54: Data Table on Online - Market size and forecast 2024-2029 ($ billion)
Exhibits 55: Chart on Online - Year-over-year growth 2024-2029 (%)
Exhibits 56: Data Table on Online - Year-over-year growth 2024-2029 (%)
Exhibits 57: Market opportunity by Distribution Channel ($ billion)
Exhibits 58: Data Table on Market opportunity by Distribution Channel ($ billion)
Exhibits 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 60: Impact of drivers and challenges in 2024 and 2029
Exhibits 61: Overview on criticality of inputs and factors of differentiation
Exhibits 62: Overview on factors of disruption
Exhibits 63: Impact of key risks on business
Exhibits 64: Companies covered
Exhibits 65: Company ranking index
Exhibits 66: Matrix on companies position and classification
Exhibits 67: Adient Plc - Overview
Exhibits 68: Adient Plc - Business segments
Exhibits 69: Adient Plc - Key offerings
Exhibits 70: Adient Plc - Segment focus
Exhibits 71: SWOT
Exhibits 72: AISIN Corp. - Overview
Exhibits 73: AISIN Corp. - Business segments
Exhibits 74: AISIN Corp. - Key news
Exhibits 75: AISIN Corp. - Key offerings
Exhibits 76: AISIN Corp. - Segment focus
Exhibits 77: SWOT
Exhibits 78: American Axle and Manufacturing Inc. - Overview
Exhibits 79: American Axle and Manufacturing Inc. - Business segments
Exhibits 80: American Axle and Manufacturing Inc. - Key news
Exhibits 81: American Axle and Manufacturing Inc. - Key offerings
Exhibits 82: American Axle and Manufacturing Inc. - Segment focus
Exhibits 83: SWOT
Exhibits 84: Aptiv Plc - Overview
Exhibits 85: Aptiv Plc - Business segments
Exhibits 86: Aptiv Plc - Key news
Exhibits 87: Aptiv Plc - Key offerings
Exhibits 88: Aptiv Plc - Segment focus
Exhibits 89: SWOT
Exhibits 90: DENSO Corp. - Overview
Exhibits 91: DENSO Corp. - Business segments
Exhibits 92: DENSO Corp. - Key news
Exhibits 93: DENSO Corp. - Key offerings
Exhibits 94: DENSO Corp. - Segment focus
Exhibits 95: SWOT
Exhibits 96: FlexNGate Group of Companies - Overview
Exhibits 97: FlexNGate Group of Companies - Product / Service
Exhibits 98: FlexNGate Group of Companies - Key offerings
Exhibits 99: SWOT
Exhibits 100: Lear Corp. - Overview
Exhibits 101: Lear Corp. - Business segments
Exhibits 102: Lear Corp. - Key offerings
Exhibits 103: Lear Corp. - Segment focus
Exhibits 104: SWOT
Exhibits 105: Magna International Inc. - Overview
Exhibits 106: Magna International Inc. - Business segments
Exhibits 107: Magna International Inc. - Key news
Exhibits 108: Magna International Inc. - Key offerings
Exhibits 109: Magna International Inc. - Segment focus
Exhibits 110: SWOT
Exhibits 111: Panasonic Holdings Corp. - Overview
Exhibits 112: Panasonic Holdings Corp. - Business segments
Exhibits 113: Panasonic Holdings Corp. - Key news
Exhibits 114: Panasonic Holdings Corp. - Key offerings
Exhibits 115: Panasonic Holdings Corp. - Segment focus
Exhibits 116: SWOT
Exhibits 117: Pioneer Corp. - Overview
Exhibits 118: Pioneer Corp. - Product / Service
Exhibits 119: Pioneer Corp. - Key offerings
Exhibits 120: SWOT
Exhibits 121: Robert Bosch GmbH - Overview
Exhibits 122: Robert Bosch GmbH - Product / Service
Exhibits 123: Robert Bosch GmbH - Key news
Exhibits 124: Robert Bosch GmbH - Key offerings
Exhibits 125: SWOT
Exhibits 126: Schaeffler AG - Overview
Exhibits 127: Schaeffler AG - Business segments
Exhibits 128: Schaeffler AG - Key news
Exhibits 129: Schaeffler AG - Key offerings
Exhibits 130: Schaeffler AG - Segment focus
Exhibits 131: SWOT
Exhibits 132: Stellantis NV - Overview
Exhibits 133: Stellantis NV - Business segments
Exhibits 134: Stellantis NV - Key news
Exhibits 135: Stellantis NV - Key offerings
Exhibits 136: Stellantis NV - Segment focus
Exhibits 137: SWOT
Exhibits 138: Yazaki Corp. - Overview
Exhibits 139: Yazaki Corp. - Product / Service
Exhibits 140: Yazaki Corp. - Key offerings
Exhibits 141: SWOT
Exhibits 142: ZF Friedrichshafen AG - Overview
Exhibits 143: ZF Friedrichshafen AG - Business segments
Exhibits 144: ZF Friedrichshafen AG - Key news
Exhibits 145: ZF Friedrichshafen AG - Key offerings
Exhibits 146: ZF Friedrichshafen AG - Segment focus
Exhibits 147: SWOT
Exhibits 148: Inclusions checklist
Exhibits 149: Exclusions checklist
Exhibits 150: Currency conversion rates for US$
Exhibits 151: Research methodology
Exhibits 152: Information sources
Exhibits 153: Data validation
Exhibits 154: Validation techniques employed for market sizing
Exhibits 155: Data synthesis
Exhibits 156: 360 degree market analysis
Exhibits 157: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the automotive parts aftermarket market in us: 3M Co., Adient Plc, AISIN Corp., American Axle and Manufacturing Inc., Aptiv Plc, DENSO Corp., FlexNGate Group of Companies, Lear Corp., Magna International Inc., Niterra Co. Ltd., Panasonic Holdings Corp., Pioneer Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Stellantis NV, Tenneco Inc., Valeo SA, Yazaki Corp., and ZF Friedrichshafen AG.

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing availability of automotive aftermarket parts on e-commerce platforms."

According to the report, one of the major drivers for this market is the advantages and benefits of original oe replacement parts.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 3M Co.
  • Adient Plc
  • AISIN Corp.
  • American Axle and Manufacturing Inc.
  • Aptiv Plc
  • DENSO Corp.
  • FlexNGate Group of Companies
  • Lear Corp.
  • Magna International Inc.
  • Niterra Co. Ltd.
  • Panasonic Holdings Corp.
  • Pioneer Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Schaeffler AG
  • Stellantis NV
  • Tenneco Inc.
  • Valeo SA
  • Yazaki Corp.
  • ZF Friedrichshafen AG