Learn the latest automotive aftermarket trends for 2020, with our interpretation and analysis. We cover news and statistics from SEMA, AASA, CAN and the Auto Care Association, as well as other news on the auto parts industry. We also look at the impact of coronavirus and COVID-19 on the auto industry.
The North American online automotive eCommerce market size is now over $16 billion (US dollars) and growing at 14%-16% per year.
The total size of the light duty aftermarket is about $282 billion in 2020. The entire automotive aftermarket/auto care industry including medium and heavy-duty is about $381 billion in 2020. The industry will shrink slightly from 2019 due to the coronavirus pandemic.
Historically the aftermarket has grown about 3.5% to 3.9% per year. We project eCommerce to grow at a higher than forecasted rate due to the coronavirus shutdown.
The power of digital influence on the auto parts industry is a major trend to watch. More than $150 billion in auto parts through all sales channels, including online and brick and mortar, are influenced by digital. We project that number will grow to over $160 billion in just a couple of years.
Auto eCommerce is growing, automotive technology is changing with more hybrids and electric vehicles, mobile shopping is on the rise, self-driving cars are supposedly on the horizon, and Amazon and eBay are going strong. How do you know what aftermarket trends to follow, or even which automotive aftermarket trends are important in the first place?
Learn about the latest trends in automotive accessories sales statistics, including performance parts and accessories sales forecasts and projections. In these articles we refer to our own market research, SEMA market research, AASA research and Auto Care Association research reports. We also have the most recent projections on eCommerce for the aftermarket industry.
We track auto parts performance accessories trend analysis over time, including online sales data, demographic data and more.
The aftermarket/auto care industry employs nearly 5 million people, and includes over 270,000 repair shops and over 265,000 retail parts outlets. Vehicles drive over 3 trillion miles per year on US roads.
How big is the automotive aftermarket industry? The light duty aftermarket is about $282 billion in 2020. The entire automotive aftermarket/auto care industry including medium and heavy-duty is about $381 billion in 2020.
Why is it called aftermarket? The aftermarket is the secondary market of the automotive industry. These are replacement parts and accessories sold after a vehicle is sold as new, intended for repair, customization or enhancement. Since this a market for parts and accessories is after a vehicle is sold, it is called the aftermarket.
Which is better OEM or aftermarket? There is no “better” level of quality when it comes to OEM or aftermarket parts. OEM replacement parts are made by the manufacturer of a vehicle or for the manufacturer according to the manufacturer’s specifications. Aftermarket parts can be made to similar specifications or in some cases may exceed OEM specifications. In some cases there is no OEM equivalent to an aftermarket part.