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The US automotive parts aftermarket market size is estimated to grow by USD 35 billion between 2023 and 2028 accelerating at a CAGR of 8.09%. The Automotive Parts Aftermarket in the US is experiencing significant growth due to several factors. Firstly, the increasing average age of vehicles on the road is leading to higher demand for replacement parts. According to the National Automobile Dealers Association, the average age of vehicles in the US is currently over 11 years, and this trend is expected to continue. Secondly, there is a growing passion for vehicle customization among consumers, which is driving up the demand for original equipment (OE) replacement parts. These parts ensure that vehicles maintain their original performance and quality, making them a popular choice among enthusiasts. Thirdly, the number of vendors in the automotive parts aftermarket is also increasing, providing consumers with more options and competitive pricing. This market growth is expected to continue, with the aftermarket for replacement parts projected to reach USD 122 billion by 2025. In summary, the US Automotive Parts Aftermarket is experiencing robust growth due to the increasing average age of vehicles, the growing passion for customization, and the increasing number of vendors. This trend is expected to continue, making it an attractive market for investors and businesses.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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