Overview

Pumping the breaks: Advancements in motor vehicle technology will hinder industry expansion

IBISWorld’s industry research report on Auto Parts Stores can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

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
  • Car usage is expected to grow over the next five years
  • Industry Analysis & Industry Trends

    The Auto Parts Stores industry is expected to grow over the five years to 2017, as per capita disposable income and corporate profit have bolstered demand for auto parts. Moreover, favorable car usage trends have led to growth in demand for industry products in the short term. However, advancements in motor vehicle technology have made it increasingly difficult for vehicle owners to repair and maintain vehicles without professional help. As a result, many consumers are opting to take their vehicles to auto mechanics instead of purchasing auto parts for do-it-yourself repairs, which has threatened industry growth. Over the five years to 2022, industry revenue is expected to grow at the same rate as the previous period.

    Industry Report - Industry Locations Chapter

    Auto parts stores are generally located in areas of high population and vehicle concentrations, including the Southeast, Great Lakes and West. 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.

    The Southeast region is home to the largest share of the US population and lacks the public infrastructure of the Mid-Atlantic and New England regions. As a result, this region has a very large driving population and therefore, accounts for 30.0% of industry operators.

    Additional Insights for the Auto Parts Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Stores 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 and Average age of vehicle fleet in the Auto Parts Stores industry impact industry performance..

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    Industry Products

    What is the Auto Parts Stores Industry?

    This industry comprises operators that sell new and used automotive parts and accessories, repair automobiles and install automotive accessories.

    Industry Products
    Critical parts (new)
    Critical parts (used)
    Maintenance parts
    Accessories
    Performance parts
    Industry Activities
    Selling automotive parts and accessories
    Distributing automotive parts
    Repairing automobiles

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • 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 Industry Revenue Outlook

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

  • Products & Markets
    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
  • Critical parts (new)
  • Accessories
  • Maintenance parts
  • Critical parts (used)
  • Performance parts
  • Chart: Auto Parts Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households and individuals
  • Repair shops
  • Other
  • Retailers and wholesalers for resale
  • Chart: Major Market Segmentation for the Auto Parts Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    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

  • Basis of Competition
  • Internal
  • External

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

  • Industry Globalization
    Major Companies
    AutoZone Inc.Advance Auto Parts Inc.O'Reilly Automotive Inc.Genuine Parts Company
  • Table: AutoZone Inc. - financial performance
  • Table: Advance Auto Parts Inc. - financial performance
  • Table: O'Reilly Automotive Inc. - financial performance
  • Table: Genuine Parts Company - financial performance

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

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Auto Parts Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of motor vehicle registrations (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    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?

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

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