Top fear: Newer, increasingly complex vehicles will threaten industry demand

The Auto Parts Stores industry in Texas is expected to grow over the five years to 2017. Rising disposable income and consumer spending levels in Texas have bolstered demand for auto parts. Moreover, increased vehicle registrations and vehicle travel 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. Over the five years to 2022, industry revenue is expected to continue growing. As per capita disposable income in Texas continues to rise, some consumers will increase their spending on industry products. However, other consumers will make use of their higher incomes to purchase new vehicles...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 12-17
2.8%
Forecast Growth 17-22
Profit
Employment
35,258
Businesses
6,281
What Our Customers Say

Industry Threats & Opportunities

  • Growth in per capita disposable income has driven an increase in demand for industry products
  • Large industry players have increased market share by expanding and acquiring
  • New car sales are expected to fall over the coming years
  • Industry Report - Industry Investment Chapter

    The Auto Parts Stores industry in Texas has a low level of capital intensity, with IBISWorld expecting the average industry operator to spend $0.07 on capital for every $1.00 spent on labor in 2017. Capital intensity has stayed fairly constant over the five years to 2017. The retail of auto parts requires little capital investment, which may include the purchase of basic retail equipment (such as check-out desks and inventory systems), a facility from which to operate out of (if the establishment is not renting space) or trucks to transport purchased items (if delivery services are offered and not contracted out to a third party). Wage costs for this industry are comparatively much larger, given this industry's high level of interaction with customers. Ind...purchase to read more.

    Additional Insights for the Auto Parts Stores in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Stores in Texas 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 Texas and Average age of vehicle fleet in the Auto Parts Stores in Texas 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 Texas
  • 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 Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Stores in Texas 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 products
  • Vehicle accessories
  • Used critical parts
  • Maintenance parts
  • Chart: Auto Parts Stores in Texas 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 Texas 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 Texas

  • Basis of Competition
    InternalExternal
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Parts Stores in Texas Industry

  • O'Reilly Automotive Inc.AutoZone Inc.Advance Auto Parts Inc.Genuine Parts Company
  • Table: O'Reilly Automotive Inc. - financial performance
  • Table: AutoZone 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 Texas 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 Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • TX-Per capita disposable income in Texas (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?

    IBISWorld’s Auto Parts Stores in Texas Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

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

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