Start your engines: An increasing average age of the vehicle fleet will lead to revenue growth

The Auto Parts Stores industry in California is expected to grow over the five years to 2017. California residents largely rely on vehicle travel as opposed to public transportation, which increases vehicle wear and tear. Increased wear and tear leads to more frequent vehicle maintenance and part replacement, bolstering demand for auto parts. However, motor vehicle technology has become increasingly complex and therefore, it has become more difficult for vehicle owners to perform do-it-yourself repairs. As a result, many drivers have been forced to take their vehicles to mechanics that perform professional repair services, which puts pressure on industry growth. Over the five years to 2022, industry revenue is expected to continue growing...read more.

Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 12-17
3.2%
Forecast Growth 17-22
Profit
Employment
38,590
Businesses
6,632

Industry Threats & Opportunities

  • Per capita disposable income in California has risen, which has led to an increase in demand for auto parts over the past five years
  • Favorable short-term market conditions have contributed to industry growth
  • Changing car usage trends supported increased demand for auto parts in the past five years
  • Industry Report - Industry Locations Chapter

    Auto parts stores are generally located in areas of high population and vehicle concentrations, including cities such as Los Angeles and San Diego. Consumers of industry products tend to buy auto parts on an as-needed basis, and therefore, companies tend to locate where there is a high concentration of drivers and a lack of public transportation.Los Angeles is the most populous county in the country and therefore, it accounts for the largest share of California’s population. It is home to about one-fourth of the state’s residents, which means there are many individuals who travel using private transportation. In 2015, there were more than 7.5 million vehicle registrations, and as a result, a higher number of drivers leads to an increased demand for auto parts. The...purchase to read more.

    Additional Insights for the Auto Parts Stores in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Stores in California Industry are

  • Having a cost-effective distribution system
  • Control of distribution arrangements
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in California and Average age of vehicle fleet in the Auto Parts Stores in California industry impact industry performance..

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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in California
  • Average age of vehicle fleet
  • Total vehicle miles
  • New car sales
  • Number of motor vehicle registrations

  • Current Performance
  • Long-term stagnation
  • Stable revenue base
  • Short-term drivers of growth
  • Industry consolidation
  • Stable profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued stagnation
  • Stable revenue base
  • Short-term drivers of growth
  • Table: Auto Parts Stores in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Stores in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • New Car Dealers
  • Used Car Dealers
  • Auto Mechanics
  • Car Body Shops
  • Car Wash & Auto Detailing
  • Oil Change Services
  • Consumers

  • Key Selling Industries
  • Auto Parts Wholesaling

  • Products & Services
  • New critical parts
  • Performance parts
  • Used critical parts
  • Vehicle accessories
  • Maintenance parts
  • Chart: Auto Parts Stores in California Industry Products and Services Segmentation

  • Major Markets
  • Household and individuals
  • Repair shops
  • Other light-vehicle manufacturers
  • Retailers and wholesalers for resale
  • Chart: Major Market Segmentation for the Auto Parts Stores in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation, rent, utilities, marketing and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Stores in California

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Parts Stores in California Industry

  • AutoZone Inc., O'Reilly Automotive Inc., Advance Auto Parts Inc., Genuine Parts Company,
  • Table: AutoZone Inc. - financial performance
  • Table: O'Reilly Automotive Inc. - financial performance
  • Table: Advance Auto Parts Inc. - financial performance
  • Table: Genuine Parts Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Stores in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Auto Parts Stores in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • CA - Per Capita Disposable Income in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • The market for spare parts, accessories and components.
  • Do-It-For-Me (Difm)
  • Those who purchase materials themselves and then hire a third party to complete the project.
  • Do-It-Yourself (Diy)
  • Those who purchase products and complete projects themselves.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Auto Parts Stores in California contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Auto Parts Stores in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Parts Stores in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Parts Stores in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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