Down shift: An aging vehicle fleet will promote industry growth, albeit more slowly

The Auto Parts Wholesaling industry in Texas has experienced moderate revenue growth over the past five years. Rising per capita disposable income and low interest rates have driven new car sales, which spurred automobile manufacturers to order more parts from industry wholesalers. Moreover, demand for aftermarket parts has been strong due to a rising number of vehicle accidents, as well as an aging vehicle fleet that requires more frequent repair, maintenance and replacement parts. Over the next five years, industry revenue is poised to continue increasing, albeit at a slower rate. Demand for aftermarket parts will continue strengthening as the average age of the vehicle fleet increases...purchase to read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 12-17
2.0%
Forecast Growth 17-22
Profit
Employment
11,676
Businesses
720

Industry Threats & Opportunities

  • Higher interest rates will make it more expensive for consumers and businesses to finance new car purchases
  • Increasing new car sales have generated strong demand for wholesale auto parts
  • After moderate increases, industry growth is expected to slow
  • Industry Report - Industry Key Buyers Chapter

    The Auto Parts Wholesaling industry in Texas is characterized by a low level of market share concentration, with no single player commanding a significant share of revenue. Auto parts wholesaling has relatively low barriers to entry, which makes it easy for new players to enter the market. Increasing industry participation has also been fueled by stronger demand for auto parts and higher profit levels. Over the past five years, market share concentration has remained stable. While some merger and acquisition activity has occurred, such as National Performance Warehouse's purchase of Evacam Solutions in May 2016, the influx of new players entering the market has kept overall concentration levels steady...purchase to read more.

    Additional Insights for the Auto Parts Wholesaling in Texas Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Wholesaling in Texas 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 Texas industry impact industry performance..

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    What's in this report

    What is the Auto Parts Wholesaling in Texas 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
  • Batteries
  • Engines and engine parts
  • Nonengine internal parts
  • Body parts and repair materials
  • 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 Texas

  • Current Performance
  • Rising demand fuels revenue growth
  • Demand growth and cost efficiencies improve profit
  • Chart: Revenue Growth

  • Industry Outlook
  • New car sales stall
  • Modest industry expansion continues
  • Table: Auto Parts Wholesaling in Texas Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Wholesaling in Texas 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
  • Batteries
  • Nonengine internal parts
  • Body parts and repair materials
  • Chart: Auto Parts Wholesaling in Texas Industry Products and Services Segmentation

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

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Wholesaling in Texas

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

  • National Performance Warehouse, Transamerican Wholesale, WM Automotive Warehouse Inc., Worldpac Inc.,
  • Table: National Performance Warehouse - financial performance
  • Table: Transamerican Wholesale - financial performance
  • Table: WM Automotive Warehouse Inc. - financial performance
  • Table: Worldpac Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Wholesaling 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 Wholesaling in Texas Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Average age of vehicle fleet (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 Texas contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

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    This report on Auto Parts Wholesaling 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 Wholesaling 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 Wholesaling 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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