General/automotive/auto Repair & Parts [QUICK]

It will grow from $1047.75 billion in 2025 to $1134.82 billion in 2026 at a compound annual growth rate (CAGR) of 8.3%. The Business Research Company Automotive Aftermarket Sector Update - Summer 2025

The industry is navigating a structural labor shortage. To attract talent, shops are boosting compensation, improving benefits, and offering advanced training, though roughly 25% of businesses report they have simply "stopped looking for help" . General/Automotive/Auto repair & parts

The automotive repair and parts industry in 2026 is characterized by a record-high average vehicle age of . This aging fleet, driven by high new car prices, has created a steady baseline of demand for aftermarket services as consumers opt to repair older vehicles rather than replace them . Market Size and Growth Forecast It will grow from $1047

Rising vehicle ownership in developing regions like Asia-Pacific (the fastest-growing market) and the necessity of maintaining out-of-warranty vehicles . Critical Industry Challenges The automotive repair and parts industry in 2026