Industry Analysis & Industry Trends
The Auto Parts Stores industry provides widely accepted automotive parts and accessories, such as engine pumps, batteries, radiators, thermostats and brake fluid. Bolstered by improving economic conditions, such as falling unemployment and rising disposable income, industry revenue is expected to grow. In the coming years, disposable income and employment levels will continue to rise, resulting in weaker demand from consumers, but stronger demand from commercial clients... purchase to read more
Industry Report - Industry Analysis Chapter
The Auto Parts Stores industry retails a range of automotive supplies and accessories tailored for passenger vehicles and heavy-duty vehicles, such as trucks, buses and trailers. Industry participants sell brakes, transmissions, filters, batteries, lubricants, diagnostic tools, motor oil and floor mats, among other items. Tires are not included in this industry. Over the five years to 2016, IBISWorld estimates that industry revenue will rise at an average annual rate of 1.5% to $4.8 billion, including growth of 0.5% in 2016.
Due to the nondiscretionary nature of industry products, auto parts stores operate in both cyclical and countercyclical fashions... purchase to read more