Market Share of United States Aftermarket Automotive Parts & Components Industry
The US aftermarket automotive parts and components market is neither consolidated nor fragmented due to the presence of major tier-1 and tier-2 component manufacturers and a large number of unorganized players in the market. Companies are focusing on marketing their products and tying up with local dealers to garner more market share. Some of the major players in the market include Magna International Inc., Continental AG, ZF Friedrichshafen AG, DENSO Corporation, and Lear Corporation. Players are partnering with other key players to gain market share. For instance, in March 2022, Meritor, Inc. announced a collaboration agreement with ConMet under which Meritor will develop custom trailer suspensions and brakes, as well as tire inflation systems, to work with ConMet's PreSet Plus eHub to enable the production of zero-emissions refrigerated trailers. Meritor is redesigning its trailer suspension and drum brake, as well as a specially engineered spindle package to be compatible with ConMet's eHub, to deliver this electrified trailer solution. The companies will also continue to evaluate the application of complementary advanced technologies that address evolving e-mobility market trends in collaboration.
USA Aftermarket Automotive Parts & Components Market Leaders
Magna International Inc.
Continental AG
ZF Friedrichshafen AG
DENSO Corporation
Lear Corporation
*Disclaimer: Major Players sorted in no particular order
