PUBLISHER: Frost & Sullivan | PRODUCT CODE: 2106706
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 2106706
The global automotive aftermarket for light vehicles (<6T GVWR) continues to demonstrate resilience despite moderating momentum in new vehicle sales. With a base year of 2025, this study evaluates market trends through 2030, providing a global perspective with region-specific insights for North America (Canada and the United States), Europe, China, India, Latin America, Gulf Cooperation Council (GCC) nations, and the Rest of the World - though the latter is not explored in depth.
Frost & Sullivan’s analysis focuses on passenger vehicles, including sedans, hatchbacks, SUVs, multipurpose vehicles, and vans, as well as light commercial vehicles such as pickup trucks.
The global aftermarket is increasingly shaped by structural demand fundamentals rather than cyclical recovery. Aging vehicle fleets - now averaging 12–13 years globally - are emerging as the primary demand anchor, with several regions already operating beyond this threshold. At the same time, steady VIO expansion, particularly in emerging markets, and sustained vehicle usage continue to support service demand.
While vehicle parc growth remains moderate, aftermarket revenue expansion is expected to remain robust, supported by deferred maintenance cycles and increasing repair intensity driven by vehicle complexity. Growth is projected to remain in the mid-single-digit range in the near term, with emerging markets, particularly China, continuing to play a leading role in absolute demand expansion.
The market outlook is further influenced by evolving external and structural factors. Macroeconomic uncertainties, including trade policy risks and supply chain volatility, are shaping cost dynamics and sourcing strategies. Concurrently, shifts in customer purchasing behavior and channel evolution are accelerating the emergence of new business models across the value chain.
Technology remains a critical disruptor, with the increasing penetration of electrified powertrains and software-driven vehicle architectures redefining service requirements. The growing presence of xEVs in the serviceable parc - ahead of aftermarket readiness - highlights a widening capability gap, which is expected to drive the next wave of transformation and value creation across the industry.
In this context, the aftermarket’s growth trajectory will increasingly depend on participants’ ability to navigate structural shifts, build technical capabilities, and adapt to a rapidly evolving ecosystem.