Looking Toward the Future: What to Expect in the Aftermarket Industry in 2022

As 2021 winds down, let’s take a moment to look ahead. The aftermarket auto parts industry continues to be a growing space, and that trend is only going to continue. Analysts are optimistic about the aftermarket space, projecting steady growth of around 2% per year through 2026.

As we think about our business in 2022, here are three things to keep an eye on:

New vehicle manufacturing. While supply chain issues put the crunch on automakers for most of 2021, expect to see more new vehicles rolling off the assembly line this coming year. As supply chain congestion eases and the economy continues to recover from the COVID-19 pandemic, there will likely be a boom in new vehicle sales.
Vehicles staying on the road longer. We saw used vehicles sharply increase in value during the pandemic. People began to hang on to their vehicles, partly out of necessity, given the squeeze on the market in 2021. We expect to see this trend continue at least somewhat into 2022.
Online sales. Mordor Intelligence reports that online sales for aftermarket auto parts soared in 2020, jumping from 16% growth to 30% growth, spurred on by the pandemic. As we see in many sectors, once the public participates in online shopping, they tend to keep going back for more. As a result, an online presence is more important than ever in our industry.

As a Tint World® franchise owner, you are well-prepared for these projected trends moving into 2022.

Being the leading auto styling franchise world-wide, we offer a variety of products aimed at vehicle owners and enthusiasts of all kinds. This includes popular services like our Paint Protection Films and Nano Ceramic Coatings for new vehicle owners looking to protect their investment. We have a massive range of aftermarket infotainment and safety products so owners who want to keep their older vehicle on the road longer without sacrificing creature comforts or safety. And, Tint World® offers a robust online presence that benefits all of our franchise owners worldwide.

We’re excited about the prospects that 2022 holds for Tint World® and all of our owners. Here’s to a great holiday season and a fantastic start to the new year!

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