Industry Analysis & Industry Trends
The recession has 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 in order 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 - Industry Key Buyers Chapter
The Auto Parts Stores industry has a low level of market share concentration. However, consolidation will increase as larger companies attempt to increase their market share. Over the past five years, the number of retailers has declined at an estimated average annual rate of 2.0%.
The industry has about 3,326 companies, with none generating more than 5.0% of industry revenue. In 2013, the top four industry players will account for less than 10.0% of revenue. The industry includes a high number of nonemployers. According to data sourced from Statistics Canada, about 41.7% of companies employ fewer than five people... purchase to read more