Editor’s Note: The following statistics were provided by the Auto Care Association at the Automotive Aftermarket Products Expo (AAPEX) 2019 in November in Las Vegas.
Las Vegas — The 536,000 businesses in the U.S. automotive aftermarket industry form a coast-to-coast network of independent manufacturers, distributors, repair shops, marketers and retailers, small and large. At its core, this integrated grid of professionals is dedicated to providing the quality parts, products and vehicle service and repair for all 280 million cars and trucks on the road today.
U.S. STATISTICS
• $392 BILLION U.S. automotive aftermarket industry
(includes heavy duty)
• The aftermarket industry grows at an average of 3.4%
annually
• 2.4% of the U.S. GDP generated by motor vehicle parts
manufacturers
• Vehicle parts suppliers manufacture 77% of the value in
today’s cars
• By 2022, experts predict there will be more than 87% of
connected vehicles that will generate $14.5 BILLION
in revenue in automotive data assets
• Represents 2.9% of total U.S. employment
• Motor vehicle parts suppliers are the largest sector of
manufacturing jobs in the U.S.: 871,000 DIRECT JOBS
and total employment impact of 4.26 MILLION JOBS
• Average wages and benefits = $80,000
• Average age of vehicles = 11.8 YEARS
• Vehicles 16 years or older will increase 22% by 2023
• 221 MILLION licensed drivers
• 70% DIFM (Do It For Me); 30% DIY (Do It Yourself)
• Of the 70% DIFM, 70% of consumers prefer independent
shops for repair and service as compared to new car
dealers.
• 27,601 parts classifications represent more than
14,957 brands in the industry
• 264,993 retail parts outlets
• e-Tailing, or parts sold over the Internet, is projected to
reach a CAGR of 9% in the DIY and 10% in the DIFM
markets for the 2017-2020 period.
• 896,500 technicians
Comments are closed.