The automotive spare parts industry represents a major segment of global trade and manufacturing. It supports an extensive supply chain that includes raw material suppliers, OEM manufacturers, distributors, and retailers. This sector generates billions in revenue annually and provides employment to a diverse workforce — from skilled labor in factories to engineers and logistics managers.

As vehicle ownership continues to rise worldwide, especially in emerging markets, the demand for automotive spare parts continues to surge. Additionally, the aftermarket segment has grown rapidly, offering opportunities for independent suppliers and workshops to cater to a wide customer base. The industry also plays a pivotal role in sustainability efforts, promoting repair and reuse over full vehicle replacement, which reduces environmental impact and supports the circular economy.