Automotive Aftermarket Market to Grow at a CAGR of 3.6% over 2025 to 2032; Growing Uptake of Electric and Hybrid Vehicles to Drive Market Growth

The global automotive aftermarket market size was valued at USD 430.51 billion in 2024. The market is projected to grow from USD 443.12 billion in 2025 to USD 565.73 billion by 2032, exhibiting a CAGR of 3.6% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Automotive Aftermarket Industry Size, Share & Industry Analysis, By Replacement Part Type (Battery, Brake Pads, Filters, Gasket & Seals, Lighting Component, Body Part (Interior and Exterior), Wheels & Tires, and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), and Regional Forecast, 2025 – 2032”.

The automotive aftermarket market provides parts, accessories, and maintenance outside the OEM supply. The rising adoption of electric and hybrid vehicles is expected to drive demand for compatible aftermarket components. E-commerce is reshaping the market as consumers move from physical stores to online platforms for convenience and better price transparency.  

Bosch Mobility Aftermarket Launched 82 OE-grade Parts across Major Systems to meet Rising Global Demand for Premium Replacement Components

Bosch Mobility Aftermarket strengthened its portfolio in May 2025 with 82 new part numbers across essential systems such as brakes, sensors, and A/C components. The update broadens coverage to over 63 million vehicles globally, reinforcing Bosch’s leadership in delivering high-quality, OE-standard parts for diverse vehicle categories. 

Aging of Vehicles to Push the Growth of the Market

The aging vehicle fleet is a key driver of the automotive aftermarket market. As vehicles age, wear and tear on components such as brakes, tires, and batteries increases demand for replacements and maintenance. IHS Markit reports the average U.S. vehicle age reached 12.1 years in 2021, while ACEA notes the EU average stood at 12 years in 2023. Longer-lasting vehicles, enabled by advanced materials and onboard diagnostics, extend the maintenance cycle and create steady opportunities for aftermarket growth.

Rising EV adoption is creating new aftermarket opportunities in components, maintenance, and charging infrastructure. Demand for replacement batteries, motors, and inverters will drive growth, while charging station services open additional revenue streams for aftermarket providers.  

However, sophisticated electronic and diagnostic systems require specialized skills and equipment, thereby limiting the automotive aftermarket market growth.  

Industry Participants Focus on Innovations to Meet Sustainability Objectives

Leading companies are prioritizing innovations in aftermarket components that serve both modern and aging vehicles, with a growing focus on sustainability. In 2024, Robert Bosch GmbH, Continental AG, and ZF Friedrichshafen AG dominated the market. Bosch stands out for its extensive range of automotive parts, diagnostic systems, and workshop solutions, positioning it as a key player in advancing the automotive aftermarket industry.    

List of Key Players Mentioned in the Report

• Robert Bosch GmbH (Germany)
• Denso Corporation (Japan)
• Magna International Inc. (Canada)
• Continental AG (Germany)
• ZF Friedrichshafen AG (Germany)
• Aisin Seiki Co. (Japan)
• Lear Corp. (U.S.)
• Bridgestone Corporation (Japan)
• Faurecia (France)
• Valeo SA (France)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/automotive-after-market-102613

Key Industry Development

• February 2025- Magna strengthened its partnership with Mercedes-Benz to produce the eDS Duo, a high-power electric drive system showcasing Magna’s advanced EV powertrain capabilities, with production beginning in 2024.  

Further Report Findings

• North America held the dominant automotive aftermarket market share in 2024, driven by consumers’ enthusiasm for vehicle customization and upgrades. Events such as Gas Monkey Garage’s showcase at SEMA 2023 highlight the region’s innovation in both classic and electric vehicle modifications. With e-commerce adoption accelerating, the U.S. aftermarket, spanning parts manufacturing, distribution, and installation, is projected to reach USD 94.53 billion by 2025.
• Europe’s sizable and aging vehicle base continues to sustain market growth. The regional market is anticipated to reach USD 62 billion in 2025, led by Germany (USD 23.29 billion), the U.K. (USD 15.56 billion), and France (USD 14.98 billion).
• Based on replacement part type, the market is fragmented into battery, brake pads, filters, gasket & seals, lighting components, body parts, wheels & tires, and others. The wheels & tires segment captured the largest automotive aftermarket industry share in 2024 due to the rising trend of electric vehicles.

Table of Segmentation