Automotive aftermarket trends
At a glance: important auto aftermarket trends for 2020
- Personal consumption of auto parts in July 2020 was up 10.5% from July 2019.
- The US light duty automotive aftermarket industry size is $282 billion in 2020, down about 8% from 2019 due to COVID-19.
- The entire aftermarket including medium- and heavy-duty is about $381 billion in 2020.
- Expected growth in automotive eCommerce in 2020: 30%.
- DIY activity is rising.
- There will be 230.5 people licensed to drive in the US.
- US auto parts eCommerce forecasted at $16 billion in 2020.
- North American auto parts eCommerce forecasted at USD$20 billion in 2020.
- The medium- and heavy-duty market is projected to grow about 2.5% from 2019.
- Amazon auto parts sales projected at $10.3 billion in 2020.
- eBay Motors projected at $6 to $7 billion in 2020.
- Industry demand for automotive technicians continues to outpace the available pool of auto techs, continuing a trend since 2009.
Learn the latest automotive aftermarket trends for 2020, with our interpretation and analysis. We cover news and statistics from SEMA, AASA, CAN and the AutoCare Association, as well as other news on the automotive aftermarket industry. We also look at the impact of coronavirus and COVID-19 on the aftermarket industry.
Automotive aftermarket trends 2020
Personal consumption of auto parts hit an all-time record in June 2020, reaching an adjusted $50.509 billion. July was nearly unchanged at $50.507 billion. Personal consumption of aftermarket tires also hit a record in June, at $35.504 billion. July was very close at $35.462 billion. Both metrics were down in April to 2012 levels.
The North American online automotive eCommerce market size is now nearly US$20 billion. It will be up 30% from 2019.
The light duty automotive aftermarket industry size is $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 and COVID-19.
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 automotive aftermarket industry is a major trend to watch. About $140 billion in automotive through all sales channels, including online and brick and mortar, are influenced by digital. Digital influence on auto parts retail will grow to over $168 billion by 2023.
Automotive online shopping 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?
Automotive accessories sales trends
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 AutoCare Association research reports. We also have the most recent projections on eCommerce for the aftermarket industry.
Performance accessories trends
We track auto parts performance accessories trend analysis over time, including online sales data, demographic data and more.
Auto repair and service trends
The aftermarket 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.
Common automotive aftermarket questions
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?
This is a “market” for parts and accessories “after” a vehicle is sold, so it’s called the “aftermarket.” It’s 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.
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.
5603 Darrow Road, Suite 100
Hudson OH 44236-5015
Hours: 8:30am-5:00pm EST Mon.-Fri.
All company names, brand names, trademarks and logos are the property of their respective owners. BuyerZoom™ and BrandZoom™ are trademarks of Hedges & Company. Copyright 2020 Hedges & Company.