Automotive Aftermarket Market on Track for Significant Growth by 2034
Market Overview Global Automotive Aftermarket Market size and share is currently valued at USD 463.21 billion in 2024 and is anticipated to generate an estimated revenue of USD 676.78 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 3.9% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2025 - 2034 The automotive aftermarket encompasses the manufacturing, distribution, retailing, and installation of all vehicle parts, chemicals, tools, and accessories following the sale of the automobile by the original equipment manufacturer (OEM). The industry includes key product categories such as replacement parts, performance upgrades, tire and wheel systems, lubricants, diagnostics tools, and accessories. As digital transformation reshapes consumer expectations, the shift toward automotive e-commerce , mobile service solutions, and smart diagnostics is enabling customers ...