Auto Parts Stores in Canada
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. Bolstered by improving economic conditions, such as falling unemployment and rising disposable income, industry revenue is expected to rise over the five years to 2019. 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. Industry revenue is projected to continue growing over the five years to 2024. Disposable income will continue to rise, resulting in stronger demand from commercial clients and many everyday consumers.
The Auto Parts Stores industry in Canada 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 in Canada (IBISWorld report 44132CA).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.