Driving progress: Newer, safer cars will limit future demand growth

The Auto Parts Wholesaling industry in Florida has experienced moderate growth over the five years to 2017. Rising per capita disposable income and historically low interest rates have been the primary drivers of industry growth. Automobile manufacturers are the largest buying market for Florida auto parts wholesalers, and as a result, new car sales have greatly helped industry operators over the past five years. Over the five years to 2022, the revenue growth is forecast to slow. After several recent increases, the Federal Reserve is expected to continue raising interest rates over the next five years. Rate hikes will increase the cost of borrowing money, thereby making it more expensive to finance new automobile purchases...purchase to read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
2.1%
Forecast Growth 17-22
Profit
Employment
9,665
Businesses
1,035

Industry Threats & Opportunities

  • Industry growth and a marginal increase in profit have encouraged some players to acquire smaller competitors as a means to expand market share
  • A gradually aging vehicle fleet has benefited the industry
  • Rising interest rates will increase the cost of borrowing money
  • Industry Report - Industry Products Chapter

    Engines and engine partsThis product segment accounts for an estimated 23.4% of industry revenue and includes complete engines, as well as gaskets, crankshafts, cylinder heads and other engine parts. Additionally, this product segment includes electrical components within the engine, such as ignition parts. Over the past five years, the share of industry revenue garnered from the sale of engines and engine parts has remained stable. Although demand for these parts has risen, operators have been increasingly diversifying their product lines beyond traditional offerings, including engine parts, in an effort to stand out from the competition...purchase to read more.

    Additional Insights for the Auto Parts Wholesaling in Florida Industry

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

  • Upstream vertical integration (ownership links)
  • Ability to control stock on hand
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Average age of vehicle fleet and New car sales in the Auto Parts Wholesaling in Florida industry impact industry performance..

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    What's in this report

    What is the Auto Parts Wholesaling in Florida Industry?

    This industry comprises operators that sell automotive parts wholesale to automobile manufacturers, automotive parts retailers and auto service providers. Sales of new tires and tubes are not included.

    Industry Products
  • Engines and engine parts
  • Nonengine parts
  • Body parts
  • Automotive batteries
  • Industry Activities
  • Automobile accessories wholesaling
  • Automobile glass wholesaling
  • New automotive parts wholesaling
  • Automotive battery wholesaling
  • Motor vehicle engine testing equipment wholesaling
  • New automotive engines and parts wholesaling
  • Motor vehicle hardware wholesaling
  • New motorcycle parts wholesaling
  • New truck parts wholesaling
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Average age of vehicle fleet
  • New car sales
  • Number of motor vehicle registrations
  • Number of vehicle accidents
  • Per capita disposable income in Florida

  • Current Performance
  • Demand fuels revenue growth
  • Competition drives consolidation and cost-cutting
  • Chart: Revenue Growth

  • Industry Outlook
  • Stalling car sales
  • Modest industry expansion on the horizon
  • Table: Auto Parts Wholesaling in Florida Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Truck & Bus Manufacturing
  • Truck, Trailer & Motor Home Manufacturing
  • Auto Parts Stores

  • Key Selling Industries
  • Auto Parts Manufacturing
  • Automobile Brakes Manufacturing
  • Automobile Electronics Manufacturing
  • Automobile Engine & Parts Manufacturing
  • Automobile Interior Manufacturing
  • Automobile Steering & Suspension Manufacturing
  • Automobile Transmission Manufacturing
  • Wire & Spring Manufacturing

  • Products & Services
  • Other
  • Engines and engine parts
  • Nonengine parts
  • Body parts
  • Automotive batteries
  • Chart: Auto Parts Wholesaling in Florida Industry Products and Services Segmentation

  • Major Markets
  • Automakers
  • Auto parts retailers
  • Auto service providers
  • Chart: Major Market Segmentation for the Auto Parts Wholesaling in Florida Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Wholesaling in Florida

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Parts Wholesaling in Florida Industry

  • Cold Air Distributors Warehouse of Florida Inc., FPD Inc., Transamerican Wholesale, Worldpac Inc.,
  • Table: Cold Air Distributors Warehouse of Florida Inc. - financial performance
  • Table: FPD Inc. - financial performance
  • Table: Transamerican Wholesale - financial performance
  • Table: Worldpac Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Wholesaling in Florida 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 Wholesaling in Florida Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • New car sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • The distribution of vehicle parts and accessories after the sale of a vehicle by an OEM to the consumer.
  • Electronic Data Interchange (Edi)
  • The transmission of electronic documents between businesses from one computer system to another.
  • Original Equipment Manufacturer (Oem)
  • A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • Wholesaling
  • The selling of merchandise to anyone other than a retail customer.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Auto Parts Wholesaling in Florida provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Parts Wholesaling in Florida:
    • 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 Wholesaling in Florida 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 Wholesaling in Florida, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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