Markets & Brands
Estimated as a $405.3 billion market (Auto Care Association Digital Fact Book) in the United States, the automotive service segment of the aftermarket consists of service facilities that offer repairs to underhood and undercar systems on domestic and import passenger cars and light trucks. Working closely with the distribution channel, these repair shops are responsible for determining the appropriate part for the repair, and buying the tools and equipment to perform the job and completing the repair.
The North American independent tire dealer market includes retail, commercial and wholesale tire dealers that sell replacement tires, provide tire maintenance and vehicle service and sell ancillary automotive and commercial products.
Tomorrow’s Tech delivers technical information for servicing today’s vehicles to automotive students enrolled in technical and vocational schools across the country.
Aftermarket Management & Distribution
Whether focused on the manufacturing, distribution or the service and repair sector, the aftermarket management segment encompasses the critical daily business activities that top-level aftermarket executives oversee — including mergers and acquisitions, financial reporting, marketing, research, analysis and more. This market includes c-level executives and upper management within the aftermarket hard parts and heavy-duty manufacturing sectors as well as ancillary service providers. This market also includes the automotive parts distribution sector, which is responsible for identifying, inventorying and delivering the correct parts, products and/or services needed for mechanical repair or maintenance of vehicles by repair facilities across the country through a network of retail parts stores, independent jobber stores and warehouse distributors (WDs). In addition to automotive parts, these companies also provide and distribute vehicle accessories, tools, equipment, materials, supplies and general product information in support of the vast vehicle repair and service industry as well as the general do-it-yourself (DIY) consumer market.
The collision repair market includes collision repair facilities (body shops) and the paint, body and equipment (PBE) stores and warehouses that service them with body/crash parts, paint and chemical products, and ancillary equipment.
The professional car care industry is in the midst of a significant evolution that is focused on growth, automation, speed and convenience. Industry segments include conveyor/tunnel, in-bay automatic and self-serve carwashes as well as detailing shops.
New Car Dealer
The new-car dealership market in the United States consists of nearly 17,000 franchised dealerships. In addition to selling light-duty vehicles, dealerships provide vehicle service and sell parts as well as ancillary automotive and commercial products.
The truck fleet market includes on-highway commercial truck vehicles ranging from Class 3 to 8 medium-duty to heavy-duty trucks. With the need for commercial truck transportation being strongly linked to the health of the economy, the sales of new trucks, fleet equipment replacement parts, tires and oil hinge on vehicle usage.
The powersports market consists of dealers and retailers that sell and service new and pre-owned motorcycles, scooters, mopeds, ATVs, snowmobiles and personal watercraft as well as the parts, accessories and apparel associated with OEM units.
Engine builders/rebuilders who give new life to engines of various applications, including performance, passenger cars, light trucks, marine, off-road, commercial, industrial, and light-, medium- and heavy-duty gas and diesel applications.
The powertrain aftermarket is a highly specialized, vertical segment in the automotive aftermarket. While retail shops retain a lion’s share of the rebuilding and repair of transmissions, the production remanufacturing supply channel is substantial and growing.