Industry Analysis & Industry Trends
Revenue of the Auto Parts Stores industry in China is forecast to total $28.02 billion by the end of 2011, up 16.7% for the year, with annualized growth of 16.1% in the past five years (constant 2011 dollars).
Affected by the global financial crisis and challenging domestic economic conditions, the industry experienced a more difficult operating environment from the second half of 2008. Driven by the thriving automobile industry in China, however, the Auto Parts Stores industry saw strong growth from 2009 to 2011.
There are expected to be over 247,000 establishments operating within the industry by the end of 2011, employing around 490,780 people with a payroll of $1.36 billion.... purchase to read more
Industry Report - Industry Investment Chapter
The labor to capital ratio represents the number of labor inputs required for every unit of capital within the industry. ACMR-IBISWorld uses total wages of the industry as a proxy for labor, and depreciation of the current year as a proxy for capital. With an estimated labor to capital ratio of around 5.4:1 in 2011, this industry is subject to a medium capital intensity level.
Most enterprises in this industry are small, operating within auto parts trade centers. They invest little in fixed assets and the major investment is tied up in transportation vehicles. This leads to a low depreciation level.
This industry is a significant employer, with an estimated total employment of 490,780 during 2011... purchase to read more