In motion: A jump in vehicle registrations will likely boost industry demand

Overall economic improvements have benefited the Auto Parts Store industry in Ohio, as increasing disposable income and consumer spending levels have encouraged consumers to purchase auto parts and accessories. Additionally, positive car usage trends in Ohio, such as the number of motor vehicle registrations and total vehicle miles, has bolstered overall industry demand. According to Wards Auto, the number of motor vehicle registrations in Ohio increased from 9.8 million in 2012 to 10.5 million in 2016. A jump in vehicle registrations expands the number of vehicles on the road, which enhances the possibility of car trouble or an accident trends upward. In 2016, there were 305,964 accidents in Ohio, up from 287,050 in 2012, according to the Ohio Department of Public Safety...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
2.3%
Forecast Growth 18-23
Profit
Employment
14,868
Businesses
2,428

Industry Threats & Opportunities

  • The industry has experienced consolidation over the past five years, as larger companies try to expand market share
  • Additional Insights for the Auto Parts Stores in Ohio Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Stores in Ohio 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 Ohio and Average age of vehicle fleet in the Auto Parts Stores in Ohio 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 Ohio
  • Average age of vehicle fleet
  • Total vehicle miles
  • New car sales
  • Number of motor vehicle registrations
  • World price of crude oil

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Stores in Ohio 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 and used critical parts
  • Performance products
  • Vehicle accessories
  • Maintenance parts
  • Chart: Auto Parts Stores in Ohio Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Stores in Ohio

  • Basis of Competition
    Barriers to Entry
    Advance Auto Parts Inc., AutoZone Inc., Genuine Parts Company, O'Reilly Automotive Inc.,
  • Table: Advance Auto Parts Inc. - financial performance
  • Table: AutoZone Inc. - financial performance
  • Table: Genuine Parts Company - financial performance
  • Table: O'Reilly Automotive Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Stores in Ohio 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 Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • OH - Per Capita Disposable Income in Ohio (2009-2023)

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

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