What Is The Total Size Of The Automotive Service Market

Total The states automotive aftermarket size

how big is the automotive aftermarket — Size of the U.S. Automotive Aftermarket

The Usa calorie-free-duty automotive aftermarket is a $324 billion industry (2021) with a compound annual growth rate of nearly 4% projected through 2024. Light-duty is a subset of the entire aftermarket.*
The unabridged The states aftermarket, including light, medium and heavy-duty vehicles, is projected at nearly $420 billion in 2021 and is projected to achieve $477 billion in 2024.*
It includes 535,000 individual businesses consisting of independent manufacturers, repair shops, distributors, marketers and retailers. These businesses serve all 280+ million calorie-free, medium and heavy-duty vehicles registered in the US today.

How large is the automotive aftermarket industry?

The entire automotive aftermarket is a $380+ billion later on-sales parts and accessories industry. Information technology services approximately 280 1000000 calorie-free, medium and heavy-duty vehicles in operation (VIO) in the Us.

The industry breaks down into unlike categories and markets; one common way to categorize it is by automotive/light truck and medium/heavy duty vehicles.*

The Auto Intendance Association represents the unabridged $383 billion industry, too referred to equally the "auto intendance manufacture."

Total light-duty aftermarket size, a subset of the entire aftermarket industry

According to the Automotive Aftermarket Suppliers Clan (AASA) the U.S. low-cal-duty aftermarket is a $324 billion industry (2021) with a chemical compound annual growth rate of effectually 4% projected through 2024. The $324 billion number is up xi% from $292 billion in 2020, due to the touch on of the coronavirus pandemic.

The AASA industry size includes the automotive segment just (light-duty) and does not count the medium- and heavy-duty vehicles segment. Both the Auto Intendance Association and AASA agree on the $324 billion industry size, as published in the Articulation Aqueduct Forecast Model, which is published by both trade associations.

Annotation that the word "automotive" is used generically and includes trucks and SUVs. Light-duty refers to vehicles that are gross vehicle weight rating (GVWR) classes upward to Form 3. That is a maximum of 14,000 pounds.

Total size of the replacement tire market

According to Mod Tire Dealer (MTD) the replacement tire market for cars and trucks was a $39.6 billion market in 2017. This is a segment of the entire U.S. aftermarket. The replacement tire market breaks down into passenger cars at around $25 billion, medium and heavy duty trucks at around $7 billion, light trucks at about $five billion, off-road vehicles including commercial vehicles at effectually $2 billion and farm vehicles at $0.v billion. MTD broke those numbers downward by shipped units and there were 208 million replacement rider tires, 31 million replacement light truck tires and 19 replacement million medium and heavy duty truck tires shipped in 2017.***

According to Tire Business magazine, in 2019 aftermarket (replacement) rider car and light truck tire shipments were up 2.two% and 2.5%****. The magazine puts the North American tire market at $48 billion in 2019.

Total size of the specialty equipment automotive market

Co-ordinate to the Specialty Equipment Market Association (SEMA) the specialty equipment market, which is a subset of the entire automotive aftermarket, is $41 billion in 2020. The specialty equipment market is sometimes referred to equally the as performance parts and accessories market.*

Total size of the The states online automotive parts market

Online sales of motorcar parts and accessories in the US, excluding online auctions and used parts, have been projected to break $16 billion in 2020 co-ordinate to Hedges & Company, a market research and digital marketing agency defended to the aftermarket. They study the growth charge per unit of online parts sales has historically been almost 16% per year only in 2020 due to the coronavirus pandemic eCommerce surged to a 30% increase.. This includes replacement parts, aftermarket parts and accessories.

They project that $141 billion in auto parts and accessory sales through all sales channels (traditional retail and online) will be influenced past the Internet in 2020 including online research past consumers, Google search, manufacturer websites, videos and reseller reviews.

Hedges & Company has been tracking online sales of auto parts since 2007.

Total size of the automotive aftermarket in Canada

According to Automotive Industries Association of Canada (AIA Canada) the Canadian automotive aftermarket was at C$38.8 billion/US$29.fourteen billion of GDP in 2019. Employment has been growing at around two.2% per twelvemonth.** The Canadian aftermarket sector employed around 388,100 Canadians in 2015, upwardly two.2% from 379,800 the previous year. Ontario is the largest aftermarket province with 128,200 employees. Quebec and Alberta have the 2d and 3rd largest full aftermarket employment with 87,400 and 55,100 employees, respectively. There are about 4,600 auto parts and accessories and tire store retailers in Canada in 2020. In that location are approximately 23,000 auto repair/service repair businesses in Canada. There were 25.6 million light vehicles registered in Canada in 2015, which was a 4.iv% increment from the 24.5 meg in 2014.

Total size of the automotive aftermarket in United mexican states

The Mexican aftermarket is estimated to exist just over United states$4 billion in 2016 and is expected to grow at 5%-6% over the next several years and has approximately 30 million vehicles in operation (VIO) making information technology the world's 11th largest fleet.* The Mexican car industry is expected to industry 5 million light vehicles for 13 makes, in over xxx machine factories, past 2020.

Total size of the automotive aftermarket in China

The Chinese parts and repair aftermarket is projected at United states$188 billion past 2020. It has the second largest VIO fleet in the world, behind the US, with effectually 139 million vehicles.*

*Sources: Car Intendance Association, Hedges & Visitor, industry sources, Wikipedia, AASA
**Sources: AIA Canada
***Source: Modern Tire Dealer (MTD)
****Source: Tire Business