Pumping breaks: The industry will struggle to expand, hindered by advancements in motor vehicle technology

The Auto Parts Stores industry is expected to grow slowly over the five years to 2017. Advancements in motor vehicle technology have made it increasingly difficult for vehicle owners to repair and maintain vehicles without professional help. In the coming years, industry revenue is expected to grow at a similar pace as the previous period. As the national level of per capita disposable income continues to rise, some consumers will increase their spending on industry products. However, other consumers will make use of their higher incomes to hire the services of an auto mechanic or simply purchase a new vehicle, foregoing the purchase of replacement auto parts...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
0.6%
Forecast Growth 17-22
Profit
Employment
13,267
Businesses
2,696
What Our Customers Say

Industry Threats & Opportunities

  • Consumers are opting to take their vehicles to auto mechanics instead of purchasing auto parts from industry operators
  • Operators have several stable sources of revenue that have prevented the industry’s decline
  • Many consumers are expected to purchase new vehicles instead of repairing old vehicles
  • Industry Report - Industry Key Buyers Chapter

    The Auto Parts Stores in New York industry has a medium level of market share concentration, with the top four firms accounting for an estimated 62.0% of industry revenue in 2017. The vast majority of auto parts stores are independently owned and operated establishments. However, the largest industry operators have steadily increased market share over the past five years through new store openings, expansions and acquisitions of smaller businesses. As the industry continues to mature, such consolidation is expected to increase...read more.

    Additional Insights for the Auto Parts Stores in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Stores in New York 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 New York and Average age of vehicle fleet in the Auto Parts Stores in New York 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 New York
  • 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
  • Profit growth
  • Chart: Revenue Growth

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

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Stores in New York 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
  • Maintenance parts
  • Used critical parts
  • Vehicle accessories
  • Chart: Auto Parts Stores in New York Industry Products and Services Segmentation

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

  • Basis of Competition
  • Internal
  • External

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

  • Advance Auto Parts Inc.AutoZone Inc.Genuine Parts CompanyPep BoysO'Reilly Automotive Inc.
  • Table: Advance Auto Parts Inc. - financial performance
  • Table: AutoZone Inc. - financial performance
  • Table: Genuine Parts Company - financial performance
  • Table: Pep Boys - financial performance
  • Table: O'Reilly Automotive Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Stores in New York 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 New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (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.
  • Why buy this report?

    The Auto Parts Stores in New York industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 Stores in New York:
    • 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 New York 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 New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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