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Auto Parts Stores in the US - Industry Market Research Report

  • October 2016
  • 33 pages
  • Ibisworld
Report ID: 198894

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Pumping breaks: The industry's long-term stagnation will deprive the industry of significant growth



Abstract

Auto Parts Stores in the US

The Auto Parts Stores industry is expected to grow slowly over the five years to 2016. 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. 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.

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

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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Global Auto Parts & Accessories Manufacturing

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