How big is the aftermarket automotive industry?
Automotive Aftermarket Industry Summary. The global automotive aftermarket industry size was estimated at USD 489. USD 643. CAGR of 3. Total US automotive aftermarket industry size The US light-duty automotive aftermarket is a $405 billion industry (projected 2024) with a compound annual growth rate of 5.
Who are the top automotive suppliers in Europe?
Showing 10 out of 25 companies. BASF SE, Robert Bosch GmbH, Continental AG, ThyssenKrupp AG, and ZF Friedrichshafen AG are the top 5 automotive suppliers’ companies of Europe in 2021 by revenues. Bosch. Bosch is a leading global supplier of technology and services, with one of its largest business sectors being Mobility Solutions. It is considered the world’s largest automotive supplier.
What is the future of the automotive aftermarket?
The automotive aftermarket was USD 674. USD 804. CAGR of 2. The rise in the automotive aftermarket market is driven by the growing age of vehicles, increasing mileage per year, and rising sales of EVs. Trade publication, Automotive News, predicts that Toyota will achieve the top spot as the worlds biggest car manufacturer on a more consistent basis. Although they expect Volkswagen to regain the top ranking in 2021, they expect Toyota to regain and maintain that position until 2025.Toyota’s first place ranking puts the automaker over Lexus, one of several car brands Toyota owns as of 2025, in the second spot at 12. Toyota competitor Honda is in the third spot at 10. It’s a substantial ranking for Toyota, especially since both Lexus and Honda are known for their durability.Which car manufacturer sold the most vehicles each year? Toyota consistently led global sales from 2019 to 2023, maintaining its position as the top automaker. In 2023, Toyota sold 8.
What are the top 3 auto brands?
General Motors, the Ford Motor Company and Chrysler are often referred to as the Big Three, although Chrysler has been surpassed as the third-largest U. S. Toyota of America. The Big Three in the automotive industry is a reference to the three largest car manufacturers in the United States: General Motors Company (GM), Stellantis (STLA), formerly known as Fiat Chrysler, and Ford Motor Company (F).