Automotive Parts & Accessories Stores Industry Profile

Companies in this industry operate physical retail establishments that sell new, used, and/or repaired automobile parts and accessories, as well as repair and install automotive accessories. Major companies include Advance Auto Parts, AutoZone, and The Pep Boys (all based in the US), as well as ATU (Germany); AUTOBACS SEVEN and Yellow Hat (both based in Japan); Halfords Group (UK); and Supercheap Auto (Australia).

The global automotive industry is expected to experience healthy growth over the next several years, due largely to economic expansion in emerging markets. The global light duty vehicles market is expected to grow to $922.21 billion by 2025, according to Grand View research. The US, Germany, China, Mexico, and France are the top auto part importing country, according to Worlds Top Exports. Mature economies in North America and Europe will likely grow but at a much slower pace than emerging markets.

The US automobile parts retail industry includes about 38,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $57 billion.

The industry includes retailers of new and used automobile parts. Some large retailers also distribute auto parts. Tire wholesalers and tire dealers, which are not part of the industry, are covered in separate profiles.

COMPETITIVE LANDSCAPE

Demand for automobile parts is driven by the age and mileage of vehicles in use and generally increases when fewer new cars are sold and older cars ...