There are lots of reasons to be optimistic about the automotive aftermarket industry in 2023 and beyond. Despite widespread anxiety about current economic conditions, automobiles remain a critical part of our lives as well as the global economy.
Here are a few of the specific trends that indicate auto aftermarket businesses offer significant opportunities for growth in the immediate future — and beyond.
- Drivers are keeping their vehicles longer: The lasting value of today’s cars, trucks, and SUVs means people on average drive their vehicles longer and buy new vehicles less frequently. That’s driving the market for maintenance and replacement parts — investment in repairs and upkeep are taking the place of new auto sales — as well as aftermarket upgrades, as consumers upgrade accessories, audio, safety and performance systems as technology evolves.
- Used vehicle sales continue to grow: More and more consumers choose used vehicles when they do replace their automobiles. Those savings allow them to invest in aftermarket upgrades that enhance a used vehicle with the latest features and technology.
- Online sales. E-commerce sales for aftermarket auto parts have soared in recent years. Initially driven by the COVID-19 pandemic, the convenience and value of online shopping mean consumers are continuing to rely on this option and creating opportunities for growth.
At Tint World®, our franchisees are prepared to tap into these trends in the coming months and years. As the leading auto styling franchise world-wide, we offer a comprehensive range of products and services aimed at every variety and level of drivers and automotive enthusiasts, from exterior protection and styling solutions to audio, security, and performance upgrades.
Our industry-leading selection of aftermarket accessories can help customers keep their vehicles on the road longer, and our robust online presence ensures our franchisees can meet the expectations and needs of online consumers.
Empowering our franchise owners is the foundation of Tint World®’s vision for the future. Our unique model offers franchisees all the tools they need to stand out in their market, including our proprietary systems and processes, a comprehensive selection of products from the leading brands, and the industry’s premier training and marketing support. Grab our franchise kit to see all we have to offer!