Summary
Automotive Aftermarket in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The automotive aftermarket includes the sales of automotive components for use on vehicles after the first purchase. Market value is calculated in terms of retail selling price (RSP), including all taxes and levies. Market volume refers to each aftermarket component, such as wiper blades or brake calipers, considered as a separate unit. The market scope includes components sold through fast fits, autocenters, garages, tire specialists, vehicle manufacturer networks, petrol stations, hypermarkets, crash repair centers/bodyshops, online sales, parts & accessories stores, and others. Both internal combustion engines and electric vehicles are considered in our scope. Our analysis encompasses both passenger cars and light commercial vehicles.
- The US automotive aftermarket sector recorded revenues of $216.4 billion in 2024, representing a compound annual growth rate (CAGR) of 0.7% between 2019 and 2024.
- Sector consumption volumes declined with a negative CAGR of 1.3% between 2019 and 2024, reaching a total of 3.6 billion units in 2024.
- The sector experienced an annual revenue growth of 3.1% in 2024, primarily driven by the continuous expansion of the global vehicle-in-operation (VIO) base and a notable increase in the average age of vehicles.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the automotive aftermarket market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the automotive aftermarket market in the United States
- Leading company profiles reveal details of key automotive aftermarket market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United States automotive aftermarket market with five year forecasts by both value and volume
Reasons to Buy
- What was the size of the United States automotive aftermarket market by value in 2024?
- What will be the size of the United States automotive aftermarket market in 2029?
- What factors are affecting the strength of competition in the United States automotive aftermarket market?
- How has the market performed over the last five years?
- Who are the top competitors in the United States's automotive aftermarket market?
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Table of Contents
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Who are the leading players?
7.2. What are the strengths of the leading players?
7.3. What are the recent developments in the sector?
8 Company Profiles
8.1. AutoZone Inc
8.2. O'Reilly Automotive Inc
8.3. Advance Auto Parts Inc
8.4. LKQ Corp
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: United States automotive aftermarket sector value: $ million, 2019-24
Table 2: United States automotive aftermarket sector volume: million units, 2019-24
Table 3: United States automotive aftermarket sector category segmentation: % share, by value, 2019-24
Table 4: United States automotive aftermarket sector category segmentation: $ million, 2019-24
Table 5: United States automotive aftermarket sector geography segmentation: $ million, 2024
Table 6: United States automotive aftermarket sector value forecast: $ million, 2024-29
Table 7: United States automotive aftermarket sector volume forecast: million units, 2024-29
Table 8: AutoZone Inc: Key Facts
Table 9: AutoZone Inc: Annual Financial Ratios
Table 10: AutoZone Inc: Key Employees
Table 11: O'Reilly Automotive Inc: Key Facts
Table 12: O'Reilly Automotive Inc: Annual Financial Ratios
Table 13: O'Reilly Automotive Inc: Key Employees
Table 14: O'Reilly Automotive Inc: Key Employees Continued
Table 15: O'Reilly Automotive Inc: Key Employees Continued
Table 16: Advance Auto Parts Inc: Key Facts
Table 17: Advance Auto Parts Inc: Annual Financial Ratios
Table 18: Advance Auto Parts Inc: Key Employees
Table 19: LKQ Corp: Key Facts
Table 20: LKQ Corp: Annual Financial Ratios
Table 21: LKQ Corp: Key Employees
Table 22: United States Size of Population (Million), 2020-24
Table 23: United States Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 24: United States GDP (Current Prices, $ Billion), 2020-24
Table 25: United States Inflation, 2020-24
Table 26: United States Consumer Price Index (Absolute), 2020-24
Table 27: United States Exchange Rate, 2019-24
List of Figures
Figure 1: United States automotive aftermarket sector value: $ million, 2019-24
Figure 2: United States automotive aftermarket sector volume: million units, 2019-24
Figure 3: United States automotive aftermarket sector category segmentation: $ million, 2019-24
Figure 4: United States automotive aftermarket sector geography segmentation: % share, by value, 2024
Figure 5: United States automotive aftermarket sector value forecast: $ million, 2024-29
Figure 6: United States automotive aftermarket sector volume forecast: million units, 2024-29
Figure 7: Forces driving competition in the automotive aftermarket sector in the United States, 2024
Figure 8: Drivers of buyer power in the automotive aftermarket sector in the United States, 2024
Figure 9: Drivers of supplier power in the automotive aftermarket sector in the United States, 2024
Figure 10: Factors influencing the likelihood of new entrants in the automotive aftermarket sector in the United States, 2024
Figure 11: Factors influencing the threat of substitutes in the automotive aftermarket sector in the United States, 2024
Figure 12: Drivers of degree of rivalry in the automotive aftermarket sector in the United States, 2024
