|Last Quarterly Update:||4/29/2013|
|SIC Codes:||5015, 5531|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry operate physical retail establishments that sell sell automobile parts, supplies, batteries, and lubricants. Major companies include Advance Auto Parts, AutoZone, O'Reilly Automotive, and The Pep Boys (all based in the US), as well as ATU Auto-Teile-Unger (Germany); AUTOBACS SEVEN and Yellow Hat (Japan); Halfords Group (UK); and Super Cheap Auto (Australia).
The global automotive industry is expected to experience healthy growth over the next several years, due largely to economic expansion in emerging markets. While the largest markets for auto parts retailers are the countries that have traditionally had the most automobiles, mature economies in North America and Europe will likely grow at a much slower pace.
The US automobile parts retail industry includes about 40,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $45 billion and is expected to grow at a moderate rate in the next two years. Key growth drivers include the number of older cars on the road and the sale of service along with parts.
The industry includes retailers of new and used automobile parts. Some large retailers also distribute auto parts. Tire wholesalers and tire dealers, which are not part of the industry, are covered in separate profiles.
Demand for automobile parts is driven by the age and mileage of vehicles in use and generally increases when fewer new cars are sold and older ...
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