Auto Parts Stores in the US
The Auto Parts Stores industry is expected to grow over the five years to 2018, as per capita disposable income and corporate profit have bolstered demand for auto parts. Moreover, favorable car usage trends have led to growth in demand for industry products in the short term. However, advancements in motor vehicle technology have made it increasingly difficult for vehicle owners to repair and maintain vehicles without professional help. As a result, many consumers are opting to take their vehicles to auto mechanics instead of purchasing auto parts for do-it-yourself repairs. Over the five years to 2023, industry revenue is expected to grow at a similar rate as the previous period. As the national level of per capita disposable income continues to rise, some consumers are expected to increase their spending on industry products.
This industry comprises operators that sell new and used automotive parts and accessories, repair automobiles and install automotive accessories.
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.