Amazon Global Selling: China Tops Auto Parts Exports, Global Aftermarket Hits $674.6 billion in 2024
At a September 3 industry summit in Rui'an, Zhejiang, Amazon Global Selling highlighted China's position as the world's largest auto parts exporter, accelerated by cross-border e-commerce. The 2024 global vehicle parc exceeded 1.6 billion units, with the aftermarket valued at $674.6 billion. Aging fleets in developed markets—average vehicle ages of 12.8 years in the U. S. , 12.3 in Europe, and 9.5 in Japan for 2025—continue to drive demand.
China is the world's largest exporter of auto parts, with cross-border e-commerce accelerating its global expansion. At the National Auto Parts Industry Belt Overseas Innovation Summit held in Rui'an, Zhejiang, on September 3, organizers noted that the global vehicle parc surpassed 1.6 billion units in 2024, with the global automotive aftermarket reaching $674.6 billion. Average vehicle ages in developed markets such as the U. S. , Europe, and Japan continue to rise, reaching 12.8 years in the U. , 12.3 years in Europe, and 9.5 years in Japan in 2025.
Why this event matters
The event has a measured impact on 2 industrys. The strongest current signal is positive for Auto Parts, with intensity 80/100 and 75% confidence over a medium term horizon.
Auto Parts
- Direction
- positive
- Intensity
- 80
- Confidence
- 75%
- Horizon
- Medium term
Cross-border E-commerce
- Direction
- positive
- Intensity
- 70
- Confidence
- 70%
- Horizon
- Medium term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.