Battery Store Franchises in the US - Industry Market Research Report

Battery Store Franchises in the US - Industry Market Research Report

  • March 2021 •
  • 40 pages •
  • Report ID: 5566665 •
  • Format: PDF
Low power: Rising consumer spending will fuel this industry’s recovery

Abstract

Battery Store Franchises
The Battery Store Franchises industry consists of operators that sell and repair batteries of all types for a variety of consumer goods, primarily automobiles. Over the five years to 2019, industry operators benefited from broad economic improvements in the United States. Specifically, rising per capita disposable income has enabled consumers to spend more money on goods and services during the current five-year period, such as auto repair services. Demand for industry products typically trends in line with demand for related automotive parts. Over the five years to 2019, demand for automotive batteries has remained relatively steady amid increased new car sales and rising consumer spending. As e-commerce continues to represent the biggest external threat to industry operators, the industry’s largest players have rapidly expanded to gain market share. As the percentage of services conducted online grows and external competitors take advantage of changing consumer trends, industry operators are expected to experience challenges. Over the five years to 2024, industry operators are expected to benefit from an increase in expected new car sales, heightening demand from a key market.

Establishments in this industry sell and repair batteries of all types. Franchisors collect used batteries from franchisees and supply them with refurbished batteries. This industry pertains solely to the operation of franchised outlets and excludes nonfranchise data.

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.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.