The passenger car aftermarket consists of sales of passenger car aftermarket parts and services. Companies operating in the passenger car aftermarket (parts and services) provide manufacturing, remanufacturing, distribution, retailing, and installation of replacement vehicle parts, equipment, service repair, and automotive accessories. The market includes the sales of the tires, batteries, brakes parts, filters, lightings, and electronic components.
The global passenger cars aftermarket market was valued at about $235.54 billion in 2018 and is expected to grow to $277.67 billion at a CAGR of 4.2% through 2022.
