Auto Parts Stores in the US - Industry Market Research Report

November 2020 •
57 pages •
Report ID: 198894 •
Format: PDF

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Steady idle: The industry will grow slowly along with an aging fleet and climbing vehicle miles

Abstract

Auto Parts Stores in the US
Over the five years to 2019, the Auto Parts Stores industry has experienced fairly stable growth. The industry benefited during the period from rising per capita disposable income levels, which enabled more consumers to spend on industry services. Moreover, the average age of vehicles on the road is expected to grow over the five years to 2019. Over the five years to 2024, the industry is anticipated to continue growing. However, long-term stagnation is expected to continue inhibiting significant growth within the industry, even as the largest players are expected to increase their market share. Additionally, per capita disposable income and the average age of the vehicle fleet are expected to continue increasing during the period, resulting in more vehicles that require industry products and enabling more individuals to afford industry services.

This industry comprises operators that sell new and used automotive parts and accessories, as well as 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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