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Auto Parts Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Auto Parts Stores Market Research Report | NAICS 44131 | Feb 2017

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

IBISWorld’s Auto Parts Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$58bn
Annual Growth 12-17
1.7%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
381,199
Businesses
63,747
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
  • ... purchase to read more

Industry Analysis & Industry Trends

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... ... purchase to read more

Industry Report - Starting a New Business Chapter

The Auto Parts Stores industry has low barriers to entry. The industry is subject to few restrictive regulations, and industry employees typically do not need to be highly skilled. Initially capital costs can be high if starting up a large establishment, yet the opening of a small auto parts store usually costs relatively little. The most difficult start-up costs are likely the need to establish a supply of auto parts from wholesalers or directly from manufacturers, as an auto parts business cannot be started without securing products for sale. Despite low barriers to entry, high levels of competition make it very difficult for new operators to succeed in the industry.

.. ... purchase to read more

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... purchase to read more

     


    Industry ProductsRelated Reports

    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 partsAccessoriesPerformance parts
     
    Industry Activities
    Selling automotive parts and accessoriesDistributing automotive partsRepairing 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 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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