The Automotive Aftermarket sector is one of the largest retail sectors in Canada and encompasses production, re-manufacturing, distribution and retailing of replacement parts, tools, equipment, accessories, chemicals and services used to repair and replace automotive parts and components after their initial production. DesRosiers Automotive Consultants estimates the retail value of the automotive aftermarket at US$18.6 in billion 2009. The province of Ontario hosts the largest automotive aftermarket at more than $6.2 billion.
The aftermarket products are included in NIACS codes associated with the industry such as plastic parts (NIACS 316193), steering and suspension components (NIACS 336330), brake systems (NAICS 336340), transmission and power train parts (NAICS 336350), and audio and video equipment (NAICS 334310).
The automotive aftermarket is dependent on automotive sales figures. The market experienced an almost 2% increase driven by light truck sales, while passenger cars recorded a slight decline between 2010 and 2011. Passenger car sales are expected to continue to strengthen over the coming years as the Canadian economy rebounds. Total vehicle sales in Canada continued their recent trend of growth, however, buoyed by strong sales in the light truck market segment.