Fixing up: Demand from commercial clients will increase, boosting industry demand

The Auto Parts Stores industry in Canada provides a wide variety of automotive parts and accessories, such as engine pumps, batteries, radiators, thermostats and brake fluid. Revenue growth is determined by demand from households and commercial clients, including gas stations, fleet operators and auto repair shops. Demand for auto parts is largely affected by new vehicle sales. Older vehicles often require significant upkeep and maintenance, while new vehicles generally require less repair work. Therefore, a rise in disposable income may limit demand for auto parts stores from certain consumers, as some individuals will use their increased purchasing power to buy a new car rather than invest in repairs for their existing vehicle...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
3.4%
Forecast Growth 18-23
Profit
Employment
26,709
Businesses
2,262
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Disposable income and employment levels will continue to rise, resulting in stronger demand from commercial clients
  • Increased demand for auto parts and high average prices for products boosted industry profit margins
  • The increasing complexity of repairing new vehicles will push consumers to switch to mechanics
  • Industry Report - Industry Investment Chapter

    The Auto Parts Stores industry in Canada has a low level of capital intensity and the average industry operator is estimated to spend just $0.06 on labour inputs for every $1.00 allocated to capital expenditures in 2018. As with most retailers, industry operators rely heavily on their workforces for day-to-day operations and auto parts stores require staff to handle customer service, billing and inventory. In addition to standard customer service activities, staff must be knowledgeable about automotive parts and accessories.At the same time, the ongoing automation of certain industry functions has limited any significant increase in the industry's level of capital intensity over the past five years. Mor...purchase to read more.

    Additional Insights for the Auto Parts Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Stores Industry are

  • Having a loyal customer base
  • Establishment of brand names
  • Control of distribution arrangements
  • IBISWorld analysts also discuss how external factors such as Total vehicle-kilometres and Number of motor vehicle registrations in the Auto Parts Stores industry impact industry performance..

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    What's in this report

    What is the Auto Parts Stores Industry?

    This industry includes all establishments primarily engaged in selling automotive parts and accessories, with the exception of tires. Tire retailers are included in the Tire Dealers industry (IBISWorld report 44132CA).

    Industry Products
  • New critical parts
  • Used critical parts
  • Maintenance parts
  • Performance products
  • Accessories
  • Industry Activities
  • Selling automotive parts
  • Distributing automotive parts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total vehicle-kilometres
  • Number of motor vehicle registrations
  • Per capita disposable income
  • World price of crude oil

  • Current Performance
  • Strong downstream demand
  • Profit and purchases
  • Mounting competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising revenue
  • Profit and participation
  • Table: Auto Parts Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • Truck & Bus Manufacturing in Canada
  • Truck, Trailer & Motor Home Manufacturing in Canada
  • Auto Mechanics in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Auto Parts Wholesaling in Canada

  • Products & Services
  • New critical parts
  • Other
  • Accessories
  • Performance products
  • Used critical parts
  • Maintenance parts
  • Chart: Auto Parts Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Repair shops
  • Retailers and wholesalers for resale
  • Other
  • Chart: Major Market Segmentation for the Auto Parts Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Parts Stores Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Auto Parts Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Total vehicle-kilometres (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • The market for spare parts, accessories and components.
  • Do-It-For-Me (Difm)
  • Consumers who purchase materials themselves and then hire a third party to complete the project.
  • Do-It-Yourself (Diy)
  • Consumers who purchase products and complete projects themselves.
  • What Our Customers Say

    Why buy this report?

    The Auto Parts Stores market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Parts Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Parts Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Parts Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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