US Dominates Automotive Aftermarket in North America

The US accounted for 86% of overall sales, or $10.3 billion, in 2016.

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Mar 23, 2017, 15:14 ET

CLEVELAND, March 23, 2017 /PRNewswire/ -- The US dominates the North American automotive aftermarket for powertrain components, accounting for 86% of overall sales, or $10.3 billion, in 2016. Through 2021, US aftermarket demand for engine, transmission, and drivetrain components will rise 1.6% per year, a slight uptick from the 2011-2016 period but trailing advances in the smaller Canadian and Mexican markets. These and other trends are presented in Automotive Aftermarket in Powertrain Components in North America, a new study from The Freedonia Group, a Cleveland-based industry research firm.

Factors promoting aftermarket sales of powertrain components in the US include:

increases in the size and the average age of the light vehicle park, the latter of which stood at 11.4 years in 2016
climatic extremes, including snow in some regions and heat in others
technological improvements, such as the incorporation of computers and sensors, that raise the average per-unit cost of repairs and replacements
growth in the total number of light vehicles involved in accidents

Sales growth will be restrained by:

technological improvements that reduce the frequency of maintenance and replacement intervals
increased reliability and durability of many powertrain components

More information about the study is available at http://www.freedoniagroup.com/industry-study/automotive-aftermarket-for-powertrain-components-in-north-america-by-product-engine-transmission-and-drivetrain-and-performer-3505.htm

Related studies include:

#3480 Gasket & Seal Market in the US, 12th edition (December 2016)
#3458 Rechargeable (Secondary) Batteries (September 2016)

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Automotive & Transport studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
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SOURCE The Freedonia Group