WillConnectedCarsBeaBoonorBustfortheAutomotiveAftermarket?APRIL2023TheUSaftermarkethasbeengrowingby5%ayear,toitscurrentmarketsizeof$357billionALLFIGURESSuppliersDistributors/DIYTotalaftermarketIN$BILLIONSretailers$78FORFISCAL-YEAR$13Profit=$80billion2022$21DealersRevenue=$357billion$88Thenumbersin$141$14Independentwhiteareprofit,andinstallersthenumbersin$103brightgreenare$15revenue.$175OEMsPartsonly$16Partsandlabor$65Sources:S&PGlobal;USCensus;MEMAAftermarketSuppliersanalysis;BCGanalysis.Increasedconnectivitychangeshowvehiclescanbeservicedintheaftermarket—whichwillreshapeprofitpoolsforaftermarketplayersIncreasingcapabilitytosupportconnectivityusecasesVeh...
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