Auto care industry expected to grow nearly 25 percent by 2024

The Auto Care Association today released its award-winning and industry-leading online publications, the 2022 Auto Care Factbook and the 2022 Auto Care Factbook & Lang Annual. The annual reports are the go-to source for automotive aftermarket industry data and include critical insight for aftermarket businesses to make informed, data-based decisions for the future. This 31^st edition of the Auto Care Factbook report provides new data and insight on how the auto care industry fared from the COVID-19 pandemic, emerging consumer and industry trends, international market performance and more.

While the total United States auto care industry size took a hit in 2020, the industry fared better than forecasted and is now expected to be a $477 billion industry by 2024. Industry shifts during COVID-19 have presented new opportunities for the aftermarket, including increased e-commerce growth, increased delays in vehicle maintenance; an increase in the average age of vehicles in operation, an increase in vehicle miles driven nearing pre-pandemic levels and more.

In this 142-page Auto Care Factbook report, readers will find:

• NEW e-commerce section including trends and sizing of this important aspect of the aftermarket including penetration and product category performance standouts (pg. 61);
• EXPANDED data and insights on hybrid, electric, and fuel cell vehicles including adoption rates, replacement rates for selected parts, registrations and state incentive data (pg. 86);
• EXPANDED medium and heavy duty vehicle data including vehicle counts, proportions, registrations and demand by distribution channel and growing component subgroups (pg. 68);
• EXPANDED replacement rate data, from 94 to 184 parts and jobs (pg. 56);
• EXPANDED international section, including highlights of the Mexican, Chilean and Vietnamese aftermarkets, including VIO and other pertinent stats (pg. 120); and
• PLUS guidelines on how to use TrendLens™ to interactively compare data series with our trend comparison tool;
• And more. View the full table of contents here.