If the parts are direct replacement parts, they will not void your car's warranty. A number of companies make parts designed to function the same, or in some cases even better than the original. A data catalog is a much better place where you can store and manage this vital business information. A data catalog also allows you to establish links between business terms to establish a taxonomy. Beyond that, it can record relationships between terms and physical assets such as tables and columns. Category:Auto parts. Wikimedia Commons has media related to Automobile parts. This category contains articles relating to essential and/or typical automotive parts and includes some articles that concern parts that are not specifically or only found on automobiles but also on other vehicles. Multi-part technologies are addressed in the parent. 1 million+ parts, 800+ brands-all in-stock at guaranteed best prices. Buy by 11pm & your order ships same-day. Trust JEGS to get it right.
Total US automotive aftermarket size
- The US light-duty automotive aftermarket is a $281 billion industry (2020) with a compound annual growth rate of about 3% projected through 2023. Light-duty is a subset of the entire aftermarket.*
- The entire US aftermarket, including light, medium and heavy-duty vehicles, is projected at $380 billion in 2020 and is projected to reach $449 billion in 2023.*
- It includes 535,000 individual businesses consisting of independent manufacturers, repair shops, distributors, marketers and retailers. These businesses serve all 280+ million light, 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 after-sales parts and accessories industry. It services approximately 285 million light, medium and heavy-duty vehicles in operation (VIO) in the US.
The industry breaks down into different categories and markets; one common way to categorize it is by automotive/light truck and medium/heavy duty vehicles.*
The Auto Care Association represents the entire $381billion industry, also referred to as the “auto care industry.”
Total light-duty aftermarket size, a subset of the entire aftermarket
According to the Automotive Aftermarket Suppliers Association (AASA) the U.S. light-duty aftermarket is a $281 billion industry (2020) with a compound annual growth rate of around 3% projected through 2023. However, the $281 billion number is down from $309 billion in 2019, due to the impact of the coronavirus pandemic.
The AASA industry size includes the automotive segment only (light-duty) and does not count the medium and heavy duty vehicles segment. Both the Auto Care Association and AASA agree on the $281 billion industry size, as published in the Joint Channel Forecast Model, which is published by both trade associations.
Note that the word “automotive” is used generically and includes trucks and SUVs.
Total size of the replacement tire market
According to Modern 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 $5 billion, off-road vehicles including commercial vehicles at around $2 billion and farm vehicles at $0.5 billion. MTD broke those numbers down by shipped units and there were 208 million replacement passenger 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) passenger car and light truck tire shipments were up 2.2% and 2.5%****. The magazine puts the North American tire market at $48 billion in 2019.
Total size of the specialty equipment automotive market
Auto Parts Stores Database Definition Dictionary
According 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 as the as performance parts and accessories market.*
Total size of the US online automotive parts market
Online sales of auto parts and accessories in the US, excluding online auctions and used parts, have been projected to break $16 billion in 2020 according to Hedges & Company, a market research and digital marketing agency dedicated to the aftermarket. They report the growth rate of online parts sales has historically been about 16% per year but 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 by the Internet in 2020 including online research by 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$29.14 billion of GDP in 2019. Employment has been growing at around 2.2% per year.** The Canadian aftermarket sector employed around 388,100 Canadians in 2015, up 2.2% from 379,800 the previous year. Ontario is the largest aftermarket province with 128,200 employees. Quebec and Alberta have the second and third largest total 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. There 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 4.4% increase from the 24.5 million in 2014.
Total size of the automotive aftermarket in Mexico
The Mexican aftermarket is estimated to be just over US$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 it the world’s 11th largest fleet.* The Mexican automobile industry is expected to manufacture 5 million light vehicles for 13 makes, in over 30 automobile factories, by 2020.
Auto Parts Stores Database Definition Real Estate
Total size of the automotive aftermarket in China
The Chinese parts and repair aftermarket is projected at US$188 billion by 2020. It has the second largest VIO fleet in the world, behind the US, with around 139 million vehicles.*
*Sources: Auto Care Association, Hedges & Company, industry sources, Wikipedia, AASA
**Sources: AIA Canada
***Source: Modern Tire Dealer (MTD)
****Source: Tire Business