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Sports And Luxury Vehicles Boom Drives Surge In Automotive Performance Parts Market: A Key Driver Powering Automotive Performance Parts Market Growth In 2025
Automotive Performance Parts Market
What Is the Current Automotive Performance Parts Market Size and Its Estimated Growth Rate?
The automotive performance parts market has seen significant growth in recent years. It is expected to rise from $340.28 billion in 2024 to $359.75 billion in 2025, with a CAGR of 5.7%. The growth is due to increasing vehicle ownership, the rising popularity of motorsports, higher disposable incomes, and a growing community of vehicle enthusiasts.
The automotive performance parts market will grow to $445 billion by 2029 at a CAGR of 5.5%, supported by EV tuning, customization, lightweight material adoption, and digital retail. Trends involve smart performance parts, green tech, AI design tools, and 3D printing applications.
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How Are Emerging Segments Shaping the Automotive Performance Parts Market Landscape?
The automotive performance parts market covered in this report is segmented -
1) By Product Type: Exhaust Systems, Suspension Parts, Brakes, Fuel Air And Intake Systems, Transmission Parts, Power Adders
2) By Vehicle Type: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles
3) By Sales Channel: First Fit, Aftermarket
Subsegments:
1) By Exhaust Systems: Cat-Back Exhaust Systems, Header And Header-Back Exhaust Systems, High-Performance Exhaust Manifolds, Turbo Back Exhaust Systems, Mufflers And Resonators, Exhaust Tips And Pipe Kits
2) By Suspension Parts: Performance Shocks And Struts, Coilover Kits, Suspension Springs (Lowering And Performance Springs), Sway Bars And Anti-Roll Bars, Performance Control Arms And Bushings, Strut Tower Braces, Adjustable Ride Height Suspension Kits
3) By Brakes: Performance Brake Pads, High-Performance Brake Rotors (Slotted, Drilled), Big Brake Kits, Brake Lines And Hoses (Braided Stainless Steel), Performance Brake Calipers, Brake Fluid And Cooling Systems
4) By Fuel Air And Intake Systems: Cold Air Intakes, Performance Air Filters, Turbochargers And Superchargers, Intercoolers And Piping Kits, Fuel Injectors And Regulators, Performance Throttle Bodies, Intake Manifolds
5) By Transmission Parts: Short Shifters And Shift Knobs, Performance Clutches And Flywheels, Lightweight Transmission Parts (Gear Sets), Limited Slip Differentials (LSD), Performance Torque Converters, Transmission Coolers And Kits
6) By Power Adders: Turbochargers, Superchargers, Nitrous Oxide Systems, Methanol Injection Kits, Performance Ec Or Ecm Tuners And Chips, Performance Exhaust Turbines
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Which Growth Factors Are Influencing Automotive Performance Parts Market Expansion?
The rising demand for sports cars and luxury vehicles is expected to support the growth of the automotive performance parts market. Sports cars are designed for speed and performance, while luxury vehicles emphasize comfort and advanced features. The increasing demand for high-performance and status-enhancing automobiles is driving the adoption of performance parts. A report from the International Council on Clean Transportation in January 2024 indicated a 63% increase in luxury vehicle sales in Europe from 2021 to 2022. Therefore, the growing demand for sports cars and luxury vehicles is contributing to the growth of the automotive performance parts market.
Who Are the Dominant Players Across Different Automotive Performance Parts Market Segments?
Major companies operating in the automotive performance parts market are Robert Bosch GmbH, Denso Corporation, Continental AG, Honeywell International Inc, AISIN SEIKI Co Ltd, Mitsubishi Heavy Industries Ltd, Cummins Inc., Tenneco Inc., Mahle GmbH, BorgWarner Inc., KW Automotive, The NGK Spark Plug Co Ltd, Brembo SpA, Donaldson Company Inc, EXEDY Corporation, Holley Performance Products Inc, K&N Engineering Inc, Eibach Springs Inc, MagnaFlow, Edelbrock LLC, HKS Co Ltd, Borla Performance Industries, Mishimoto Automotive, AEM Performance Electronics, Cobb Tuning, APR LLC, Dinan Engineering Inc, Akrapovic dd
What Automotive Performance Parts Market Trends Are Gaining Traction Across Different Segments?
Companies in the automotive performance parts market are focused on technological innovations like full titanium exhaust systems to improve vehicle performance and expand market reach. These systems are lightweight, durable, and enhance engine performance. For example, in December 2023, Akrapovic d.d., a Slovenia-based company, introduced two performance products for Ferrari 296 GTB, including a full titanium exhaust system and Link Pipe Set made of high-grade stainless steel. The Slip-On Race Line reduces weight by 3.6%, improves performance, and enhances engine sound, while the Link Pipe Set provides further weight savings and enhances exhaust flow.
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Which Geographic Regions Are Expected to Dominate the Automotive Performance Parts Market in the Coming Years?
North America was the largest region in the automotive performance parts market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive performance parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Performance Parts Market?
2. What is the CAGR expected in the Automotive Performance Parts Market?
3. What Are the Key Innovations Transforming the Automotive Performance Parts Industry?
4. Which Region Is Leading the Automotive Performance Parts Market?
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