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Auto Parts Stores in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Auto Parts Stores in Canada Market Research Report | NAICS 44131CA | Feb 2015

Getting a brake: Stronger demand from commercial clients will help stabilize revenue growth

IBISWorld’s Auto Parts Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 10-15
1.1%
Annual Growth 15-20
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Profit
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Employment
31,277
Businesses
3,702
Industry Analysis & Industry Trends

The recession both benefited and hindered the industry. A decline in disposable income and employment resulted in a greater number of consumers transforming into do-it-yourself customers and visiting auto parts stores to do their own auto repairs. At the same time, the poor economic climate limited demand from commercial clients, which rely on strong economic conditions to increase production. Over the next five years, disposable income and employment will continue to rise, resulting in weaker demand from consumers, but stronger demand from commercial clients... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry in the industry are moderate and include substantial capital requirements and access to skilled labour. Establishing a brand name also presents a barrier for some entrants. Smaller companies can compete by carrying specialized parts or providing superior customer service. Barriers largely reflect the growing market concentration among auto parts stores.

Potential entrants face significant monetary outlay, with initial capital investments ranging between $300,000 and $600,000 per store. For example, opening a NAPA Auto Parts store costs about $600,000, which includes start-up inventory, computer systems, office equipment, signage, furniture and fixtures. Potential industry operators also must have access to a skilled workforce... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Auto Parts Stores Industry?

This industry sells automotive parts and accessories, with the exception of tires. Tire retailers are included in the Tire Dealers industry (IBISWorld report 44132CA).

Industry Products
Automotive partsBatteriesLubricantsAccessories
 
Industry Activities
Selling automotive parts Distributing automotive parts


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