Burlingame, CA, Sept. 05, 2025 (GLOBE NEWSWIRE) — Aftermarket Automotive Parts Market to Reach USD 502.61 Billion in 2025, Driven by Aging Vehicles
Global Aftermarket Automotive Parts Market is estimated to be valued at USD 502.61 Bn in 2025 and is expected to reach USD 756.25 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 6.0% from 2025 to 2032. The global automotive aftermarket parts market is expected to see substantial growth. This is driven by a growing number of vehicles and a higher demand for replacement parts. Additionally, original equipment manufacturers (OEMs) and independent distributors are focusing more on strengthening their aftermarket networks and supply chains. The rising trend of do-it-yourself automotive repairs, along with increased availability of online repair videos, is boosting the demand for individual aftermarket parts, such as engine, drive transmission, and steering parts.
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Global Aftermarket Automotive Parts Market Key Takeaways
According to Coherent Market Insights (CMI), the global aftermarket automotive parts market size is projected to grow at a CAGR of 6.0% from USD 502.61 billion in 2025 to USD 756.25 billion by 2032.
Engine components are expected to remain the top-selling product type, accounting for 27.4% of the global market revenue by 2025.
Passenger cars segment is slated to account for nearly three-fifths of the global aftermarket automotive parts market share by 2025.
Based on sales channel, offline segment is expected to dominate the global aftermarket automotive parts industry, capturing a market share of 65.2% in 2025.
North America, with an estimated share of 37.6% in 2025, is forecast to dominate the global market.
Asia Pacific is anticipated to emerge as the most lucrative market for aftermarket automotive parts companies during the assessment period.
Aging Vehicle Fleet Driving Aftermarket Automotive Parts Market Growth
Coherent Market Insights’ latest aftermarket automotive parts market analysis outlines prominent factors fueling industry growth. One significant growth factor is the aging vehicle fleet.
There is an increase in the average age of vehicles across nations like the United States. For instance, the average age of U.S. cars and light trucks reached a record 12.6 years in 2024, up by two months from 2023. This is expected to create a fertile ground for the growth of aftermarket automotive parts market.
Aging vehicles need more replacement parts as well as maintenance services. This increases demand for aftermarket products, including brakes, batteries, filters, exhaust parts, and suspension components.
Older vehicles are less likely to be under warranty purposes, prompting owners to turn to aftermarket for cost-effective parts. Thus, aging vehicle fleet will continue to act as a catalyst triggering sales of aftermarket automotive parts during the forthcoming period.
Counterfeit Products and Preference for OEM Products Limiting Market Growth
The global aftermarket automotive parts market outlook remains positive. However, rising preference for OEM products and competition from OEMs may limit market …