10 Aftermarket Auto Parts Trends That Are Revolutionizing the Industry, and What Lies Ahead

In Partnership with APG

The automotive industry is transforming as more drivers opt for aftermarket auto parts. With the global automotive aftermarket size projected to reach 522.01 billion dollars by 2028 and with a CAGR of 3.6%, it's clear that the trend isn't going anywhere. Here are 10 aftermarket auto parts trends to watch out for in 2023, as predicted by Precedence Research, SEMA, Grand View Research, and Straits Research.

1. Customized Exhaust Systems: Customized exhaust systems are becoming increasingly popular among car enthusiasts. According to SEMA, the demand for high-performance exhaust systems is projected to increase by 20% by 2023, as more drivers look to improve their car's sound and performance.
2. Electronic Fuel Injection (EFI) Conversion Kits: EFI conversion kits are predicted to grow in popularity in 2023, as car owners look for more fuel-efficient and reliable performance. Grand View Research predicts that the global market for EFI conversion kits will reach USD 1.3 billion by 2025, with a CAGR of 8.3%.
3. High-Performance Tires: The demand for high-performance tires is increasing among drivers who want to improve their car's handling and performance. Straits Research predicts that the global market for high-performance tires will reach USD 39.29 billion by 2026, with a CAGR of 12.4%.
4. LED Lighting Upgrades: LED lighting upgrades are becoming more popular among car owners who want to improve their car's visibility and style. According to Precedence Research, the global market for automotive lighting is projected to reach USD 64.13 billion by 2028, with a CAGR of 4.8%.
5. Turbochargers and Superchargers: Turbochargers and superchargers are popular aftermarket parts that can improve a car's performance. SEMA predicts that the demand for turbochargers and superchargers will increase by 15% by 2023.
6. Custom Wheels: Custom wheels are an easy way to improve a car's style and performance. According to Precedence Research, the global market for automotive wheels is projected to reach USD 21.6 billion by 2028, with a CAGR of 4.8%.
7. Performance Brakes: Performance brakes are essential for drivers who want to improve their car's stopping power. Grand View Research predicts that the global market for performance brakes will reach USD 1.6 billion by 2025, with a CAGR of 6.5%.
8. Suspension Upgrades: Suspension upgrades are becoming more popular among car enthusiasts who want to improve their car's handling and performance. Straits Research predicts that the global market for suspension systems will reach USD 98.97 billion by 2026, with a CAGR of 4.8%.
9. Air Intake Systems: Air intake systems are an essential upgrade for drivers who want to improve their car's performance and fuel efficiency. According to SEMA, the demand for air intake systems is projected to increase by 18% by 2023.
10. Custom Interiors: Custom interiors are becoming increasingly popular among car owners who want to personalize their vehicles. Precedence Research predicts that the global market for automotive interior parts will reach USD 73.2 billion by 2028, with a CAGR of 5.8%.

In conclusion, the aftermarket auto parts industry is growing rapidly, and these 10 trends are just the tip of the iceberg. As car enthusiasts continue to demand more customization options, we can expect to see even more innovative aftermarket parts and trends in the years to come.