This analysis indicates that global aftermarket revenues have been strongly influenced by favorable demand dynamics—a megatrend expected to persist into 2025. Robust growth projections for China and India are supported by encouraging signals from North America and Europe. Contributing factors include aging vehicle fleets, increasing annual mileage, and a rising number of vehicles on the road. As customers strive to maximize the return on their aftermarket purchases, industry players are encouraged to adopt innovative strategies and deliver tailored solutions to capitalize on emerging opportunities.

• What strategies can be adopted to capitalize on growth opportunities driven by aging vehicle fleets and increasing annual mileage across key regions?
• What growth opportunities arise from the adoption of electrified vehicles (xEVs), advancements in technology-driven solutions, and the rise of software-defined vehicles? How should aftermarket players adapt to meet evolving service demands?
• How are OEMs influencing growth and transformation across regional aftermarket ecosystems?