Global

Automotive Aftermarket Industry Trends – Global Report 2026

Published Date: Oct 2019  |  Report ID: GMI1166  |  Authors: Kiran Pulidindi, Hemant Pandey

Industry Trends

Automotive Aftermarket size valued at USD 923.1 billion in 2018 and will grow at a CAGR of 5.5% from 2019 to 2026.

 

U.S. Automotive Aftermarket By Sales Outlet

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Automotive aftermarket, frequently referred to as secondary market, manufactures and supplies spare parts, accessories and other components for various automobiles. Aftermarket industry provides services such as repair and maintenance for the vehicles. It is highly consumer driven and undergoing changes with evolving consumer expectations, technological advancement and changing dynamics. Shifts in competitive power in emerging economies contribute to transforming the industry landscape periodically. New technology in terms of innovative components and logistics are set to reduce gap between OEM and aftermarket offerings.

 

Surging pre-owned vehicle sales in turn help propel the repair and maintenance side of the

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Automotive – KPMG Global

Our Automotive network, based in our member firms around the world, brings together our audit, tax and advisory professionals to help us take a broad ranging approach to our clients’ activities within the industry.

Our services focus on assisting our firms’ clients to address key issues facing the automotive industry including:

  • reporting and regulation
  • sustainability and the environment
  • plant location, closures and relocation
  • emerging market companies
  • evolving distribution channels
  • consumer trends
  • private equity investment
  • improving operational efficiencies
  • market entry and expansion
  • business operating model structure.

The global automotive market is diverse. It ranges from original equipment manufacturers (OEMs) and component manufacturers, to dealerships and commercial vehicle manufacturers. There is potential for growth across many areas, from the booming manufacturing and domestic markets in BRIC (Brazil, Russia, India and China) and other developing economies, to the research and development of ‘greener’ vehicles and fuels. KPMG’s global Automotive sector offers a pro-active,

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