This Passenger Cars AfterMarket market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The passenger cars aftermarket market size has grown strongly in recent years. It will grow from $250.68 billion in 2024 to $263.87 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to changing consumer preferences, vehicle longevity, economic factors, DIY trend, regulatory changes.
The passenger cars aftermarket market size is expected to see steady growth in the next few years. It will grow to $318.38 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to aging vehicle fleet, environmental awareness, customization trends, emerging markets, electric vehicles transition. Major trends in the forecast period include focus on sustainable and green products, DIY (do-it-yourself) repair and maintenance, augmented reality (AR) for maintenance, increased demand for performance upgrades, retrofitting for autonomous features.
One of the primary drivers of the passenger car aftermarket market is the increasing average lifespan of vehicles, which results in higher consumer engagement in regular maintenance and scheduled servicing. The lifespan of a car refers to its maximum service life measured in terms of mileage and time. Essential maintenance activities, such as replacing wheels, batteries, spark plugs, and air filters, significantly contribute to extending a vehicle's life. For example, in May 2024, S&P Global, a U.S.-based pharmaceutical market company, reported that the average age of cars and light-duty trucks in the United States reached a record high of 12.6 years in 2024, marking an increase of two months compared to 2023. This growth in average age is showing signs of slowing down as new registrations start to stabilize. Therefore, the increasing average lifespan of cars is driving the growth of the passenger car aftermarket market.
The anticipated growth in the passenger car aftermarket market is also driven by the increasing demand for tires. Tires, whether cylindrical, air-filled, or solid rubber structures, are mounted on vehicle wheels to provide a resilient and durable contact surface with the road or ground. They play a vital role in enhancing safety, performance, and comfort, offering a diverse range of options to meet the varied needs and preferences of car owners. For instance, in August 2023, Tire Grades, a US-based website providing automotive tire information, reported an annual sale of 300 million tires in the US. Hence, the rising demand for tires is a significant factor propelling the growth of the passenger car aftermarket market.
The passenger car aftermarket market is incorporating 3D printing technology, also known as Additive Manufacturing (AM), to produce high-quality off-the-shelf car parts using 3D printers capable of working with metals and alloys. 3D printing involves creating a virtual 2D object in software and constructing the 3D framework using the printer. The adoption of 3D printing in the production of automobile parts enhances efficiency and elevates the production standards of companies. Leading companies, including General Motors, BMW, Ford, and Porsche, have already initiated investments in this technological trend.
Prominent players in the passenger car aftermarket market are emphasizing innovative products such as TRW shock absorbers, brake pads, and discs to drive revenues in their respective markets. These components, crucial for the proper functioning and safety of a vehicle's braking and suspension systems, are integral to ensuring vehicle safety. For example, in April 2023, ZF Friedrichshafen AG, a Germany-based technology company specializing in driveline and chassis technology, introduced three new products, TRW shock absorbers, brake pads, and discs. The TRW True Originals brake pads are meticulously designed and rigorously tested using various methods to ensure an efficient braking system. The TRW line of shock absorbers employs innovative technology and well-established procedures to deliver enhanced safety and performance, undergoing extensive testing protocols, including low and high-velocity testing, endurance checks, damping and dimension verification, and testing in challenging weather and road conditions.
In May 2023, Hedin Mobility Group, a Sweden-based mobility company that specializes in automotive sales, service, and distribution, has acquired Torpedo Gruppe for €526 million. The purpose of this acquisition is to significantly bolster Hedin Mobility Group's operations in Germany, one of the largest automotive markets in the world. Torpedo Gruppe is a German automotive company that offers a comprehensive retail experience for both private and corporate customers, specializing in the sale of new and used passenger cars.
The passenger car aftermarket encompasses services related to the manufacturing, remanufacturing, distribution, retailing, and installation of replacement equipment, service repair, and automotive accessories.
Within the passenger car aftermarket, key categories include tires, batteries, brake parts, filters, body parts, lighting, wheels, exhaust components, turbochargers, and other essential elements. A tire, commonly referred to as a tire, is a circular device that encases the rim of a wheel, supporting the vehicle's load from the axle to the ground and providing traction on the surface over which the wheel moves. Various certifications are available, including genuine parts, certified parts, and uncertified parts, accessible through diverse distribution channels such as retailers (OEMs, repair shops), wholesalers, and distributors.
The passenger car aftermarket market research report is one of a series of new reports that provides passenger car aftermarket market statistics, including passenger car aftermarket industry global market size, regional shares, competitors with a passenger car aftermarket market share, detailed passenger car aftermarket market segments, passenger car aftermarket market trends and opportunities, and any further data you may need to thrive in the passenger car aftermarket industry. This passenger car aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major companies operating in the passenger cars aftermarket market include Robert Bosch Gmbh, JTEKT Corporation, ZF friedrichshafen AG, Denso Corporation, Continental AG, Hyundai Mobis Co. Ltd., Aisin Corporation, 3M company, Bridgestone Corporation, Sumitomo Electric Industries Ltd., Valeo SA, Lear Corporation, Goodyear tire & rubber company, Eaton Corporation plc, Aptiv plc, Schaeffler Technologies AG & Co. KG, BorgWarner Inc., Mahle GmbH, Marelli Europe S.p.A., Federal -Mogul Corporation, Pirelli & C. S.p.A., Hella GmbH & Co. KGaA, American Axle & Manufacturing Inc., Gates Corporation, Kumho Tire Co. Inc., Cooper tire & Rubber Company, Exide Industries Ltd., Yazaki Corp., Akebono Brake Corporation Ltd., ACDelco, NSK Ltd.
Asia-Pacific was the largest region in the passenger car aftermarket market in 2024. North America was the second-largest region in the global passenger car aftermarket market share. The regions covered in the passenger cars after market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the passenger cars aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The passenger car aftermarket market includes revenues earned by entities by providing services such as manufacturing, distribution, retailing, installation, and remanufacturing of all vehicle parts and accessories. Revenues include fees, interest payments, commissions or transaction charges. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The passenger cars aftermarket market size has grown strongly in recent years. It will grow from $250.68 billion in 2024 to $263.87 billion in 2025 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to changing consumer preferences, vehicle longevity, economic factors, DIY trend, regulatory changes.
The passenger cars aftermarket market size is expected to see steady growth in the next few years. It will grow to $318.38 billion in 2029 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to aging vehicle fleet, environmental awareness, customization trends, emerging markets, electric vehicles transition. Major trends in the forecast period include focus on sustainable and green products, DIY (do-it-yourself) repair and maintenance, augmented reality (AR) for maintenance, increased demand for performance upgrades, retrofitting for autonomous features.
One of the primary drivers of the passenger car aftermarket market is the increasing average lifespan of vehicles, which results in higher consumer engagement in regular maintenance and scheduled servicing. The lifespan of a car refers to its maximum service life measured in terms of mileage and time. Essential maintenance activities, such as replacing wheels, batteries, spark plugs, and air filters, significantly contribute to extending a vehicle's life. For example, in May 2024, S&P Global, a U.S.-based pharmaceutical market company, reported that the average age of cars and light-duty trucks in the United States reached a record high of 12.6 years in 2024, marking an increase of two months compared to 2023. This growth in average age is showing signs of slowing down as new registrations start to stabilize. Therefore, the increasing average lifespan of cars is driving the growth of the passenger car aftermarket market.
The anticipated growth in the passenger car aftermarket market is also driven by the increasing demand for tires. Tires, whether cylindrical, air-filled, or solid rubber structures, are mounted on vehicle wheels to provide a resilient and durable contact surface with the road or ground. They play a vital role in enhancing safety, performance, and comfort, offering a diverse range of options to meet the varied needs and preferences of car owners. For instance, in August 2023, Tire Grades, a US-based website providing automotive tire information, reported an annual sale of 300 million tires in the US. Hence, the rising demand for tires is a significant factor propelling the growth of the passenger car aftermarket market.
The passenger car aftermarket market is incorporating 3D printing technology, also known as Additive Manufacturing (AM), to produce high-quality off-the-shelf car parts using 3D printers capable of working with metals and alloys. 3D printing involves creating a virtual 2D object in software and constructing the 3D framework using the printer. The adoption of 3D printing in the production of automobile parts enhances efficiency and elevates the production standards of companies. Leading companies, including General Motors, BMW, Ford, and Porsche, have already initiated investments in this technological trend.
Prominent players in the passenger car aftermarket market are emphasizing innovative products such as TRW shock absorbers, brake pads, and discs to drive revenues in their respective markets. These components, crucial for the proper functioning and safety of a vehicle's braking and suspension systems, are integral to ensuring vehicle safety. For example, in April 2023, ZF Friedrichshafen AG, a Germany-based technology company specializing in driveline and chassis technology, introduced three new products, TRW shock absorbers, brake pads, and discs. The TRW True Originals brake pads are meticulously designed and rigorously tested using various methods to ensure an efficient braking system. The TRW line of shock absorbers employs innovative technology and well-established procedures to deliver enhanced safety and performance, undergoing extensive testing protocols, including low and high-velocity testing, endurance checks, damping and dimension verification, and testing in challenging weather and road conditions.
In May 2023, Hedin Mobility Group, a Sweden-based mobility company that specializes in automotive sales, service, and distribution, has acquired Torpedo Gruppe for €526 million. The purpose of this acquisition is to significantly bolster Hedin Mobility Group's operations in Germany, one of the largest automotive markets in the world. Torpedo Gruppe is a German automotive company that offers a comprehensive retail experience for both private and corporate customers, specializing in the sale of new and used passenger cars.
The passenger car aftermarket encompasses services related to the manufacturing, remanufacturing, distribution, retailing, and installation of replacement equipment, service repair, and automotive accessories.
Within the passenger car aftermarket, key categories include tires, batteries, brake parts, filters, body parts, lighting, wheels, exhaust components, turbochargers, and other essential elements. A tire, commonly referred to as a tire, is a circular device that encases the rim of a wheel, supporting the vehicle's load from the axle to the ground and providing traction on the surface over which the wheel moves. Various certifications are available, including genuine parts, certified parts, and uncertified parts, accessible through diverse distribution channels such as retailers (OEMs, repair shops), wholesalers, and distributors.
The passenger car aftermarket market research report is one of a series of new reports that provides passenger car aftermarket market statistics, including passenger car aftermarket industry global market size, regional shares, competitors with a passenger car aftermarket market share, detailed passenger car aftermarket market segments, passenger car aftermarket market trends and opportunities, and any further data you may need to thrive in the passenger car aftermarket industry. This passenger car aftermarket market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major companies operating in the passenger cars aftermarket market include Robert Bosch Gmbh, JTEKT Corporation, ZF friedrichshafen AG, Denso Corporation, Continental AG, Hyundai Mobis Co. Ltd., Aisin Corporation, 3M company, Bridgestone Corporation, Sumitomo Electric Industries Ltd., Valeo SA, Lear Corporation, Goodyear tire & rubber company, Eaton Corporation plc, Aptiv plc, Schaeffler Technologies AG & Co. KG, BorgWarner Inc., Mahle GmbH, Marelli Europe S.p.A., Federal -Mogul Corporation, Pirelli & C. S.p.A., Hella GmbH & Co. KGaA, American Axle & Manufacturing Inc., Gates Corporation, Kumho Tire Co. Inc., Cooper tire & Rubber Company, Exide Industries Ltd., Yazaki Corp., Akebono Brake Corporation Ltd., ACDelco, NSK Ltd.
Asia-Pacific was the largest region in the passenger car aftermarket market in 2024. North America was the second-largest region in the global passenger car aftermarket market share. The regions covered in the passenger cars after market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the passenger cars aftermarket market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The passenger car aftermarket market includes revenues earned by entities by providing services such as manufacturing, distribution, retailing, installation, and remanufacturing of all vehicle parts and accessories. Revenues include fees, interest payments, commissions or transaction charges. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Passenger Cars AfterMarket Market Characteristics3. Passenger Cars AfterMarket Market Trends and Strategies4. Passenger Cars AfterMarket Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Passenger Cars AfterMarket Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Passenger Cars AfterMarket Market34. Recent Developments in the Passenger Cars AfterMarket Market
5. Global Passenger Cars AfterMarket Growth Analysis and Strategic Analysis Framework
6. Passenger Cars AfterMarket Market Segmentation
7. Passenger Cars AfterMarket Market Regional and Country Analysis
8. Asia-Pacific Passenger Cars AfterMarket Market
9. China Passenger Cars AfterMarket Market
10. India Passenger Cars AfterMarket Market
11. Japan Passenger Cars AfterMarket Market
12. Australia Passenger Cars AfterMarket Market
13. Indonesia Passenger Cars AfterMarket Market
14. South Korea Passenger Cars AfterMarket Market
15. Western Europe Passenger Cars AfterMarket Market
16. UK Passenger Cars AfterMarket Market
17. Germany Passenger Cars AfterMarket Market
18. France Passenger Cars AfterMarket Market
19. Italy Passenger Cars AfterMarket Market
20. Spain Passenger Cars AfterMarket Market
21. Eastern Europe Passenger Cars AfterMarket Market
22. Russia Passenger Cars AfterMarket Market
23. North America Passenger Cars AfterMarket Market
24. USA Passenger Cars AfterMarket Market
25. Canada Passenger Cars AfterMarket Market
26. South America Passenger Cars AfterMarket Market
27. Brazil Passenger Cars AfterMarket Market
28. Middle East Passenger Cars AfterMarket Market
29. Africa Passenger Cars AfterMarket Market
30. Passenger Cars AfterMarket Market Competitive Landscape and Company Profiles
31. Passenger Cars AfterMarket Market Other Major and Innovative Companies
35. Passenger Cars AfterMarket Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Passenger Cars AfterMarket Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on passenger cars aftermarket market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for passenger cars aftermarket ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The passenger cars aftermarket market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Tires; Battery; Brake parts; Filters; Body parts; Lighting; Wheels; Exhaust components; Turbochargers; Other Types2) By Certifications: Genuine Parts; Certified Parts; Uncertified Parts
3) By Distribution Channel: Retailers (OEM's; Repair Shops); Wholesalers & Distributors
Subsegments:
1) By Tires: All-Season Tires; Winter Tires; Performance Tires2) By Battery: Lead-Acid Batteries; Lithium-Ion Batteries; AGM Batteries
3) By Brake Parts: Brake Pads; Brake Rotors; Brake Calipers
4) By Filters: Engine Air Filters; Oil Filters; Fuel Filters
5) By Body Parts: Bumpers; Fenders; Hoods
6) By Lighting: Headlights; Taillights; Fog Lights
7) By Wheels: Alloy Wheels; Steel Wheels; Wheel Covers
8) By Exhaust Components: Mufflers; Exhaust Pipes; Catalytic Converters
9) By Turbochargers: Factory Turbochargers; Performance Turbochargers
10) By Other Types: Suspension Components; Steering Parts; Interior Accessories
Key Companies Mentioned: Robert Bosch Gmbh; JTEKT Corporation; ZF friedrichshafen AG; Denso Corporation; Continental AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Passenger Cars AfterMarket market report include:- Robert Bosch Gmbh
- JTEKT Corporation
- ZF friedrichshafen AG
- Denso Corporation
- Continental AG
- Hyundai Mobis Co. Ltd.
- Aisin Corporation
- 3M company
- Bridgestone Corporation
- Sumitomo Electric Industries Ltd.
- Valeo SA
- Lear Corporation
- Goodyear tire & rubber company
- Eaton Corporation plc
- Aptiv plc
- Schaeffler Technologies AG & Co. KG
- BorgWarner Inc.
- Mahle GmbH
- Marelli Europe S.p.A.
- Federal -Mogul Corporation
- Pirelli & C. S.p.A.
- Hella GmbH & Co. KGaA
- American Axle & Manufacturing Inc.
- Gates Corporation
- Kumho Tire Co. Inc.
- Cooper tire & Rubber Company
- Exide Industries Ltd.
- Yazaki Corp.
- Akebono Brake Corporation Ltd.
- ACDelco
- NSK Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | April 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 263.87 Billion |
| Forecasted Market Value ( USD | $ 318.38 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 32 |
