The Potential of Automotive Aftermarket

May 10, 2022

According to the report by automotiveaftermarket.org,the Automotive aftermarket has been traditionally recession-resistant. This was proven again in 2020. Many pundits predicted a significant drop in aftermarket sales due to the pandemic. All indications are that 2020 was a robust year for the aftermarket. In fact, one of the biggest problems faced in the aftermarket were supply chain issues and lack of inventory, not consumer demand.

From the below pic, we can see the potential growth of US automotive aftermarket. And the entire US aftermarket, including light, medium and heavy-duty vehicles, is projected at nearly $420 billion in 2021 and is projected to reach $477 billion in 2024.

how big is the automotive aftermarket

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