Auto Parts Stores in the US - Industry Market Research Report
Description
Auto Parts Stores in the US
Auto parts stores have endured ups and downs in recent years, similar to the rest of the auto sector. The outbreak of COVID-19 brought the economy to a screeching halt. Stay-at-home orders both prevented consumers from going into auto parts stores to make purchases and pushed transportation to the back of people's priority lists. The rapid recovery of the US economy boosted auto parts stores, as pent-up demand caused a surge in industry revenue. With the end of pandemic-related restrictions, Americans were now driving at high volumes again, raising the need for vehicle maintenance. Altogether, industry revenue has been growing at a CAGR of 2.0% to $81.1 billion, including an anticipated increase of 0.4% in 2023 alone.
This industry comprises operators that sell new and used automotive parts and accessories, as well as 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.
Auto parts stores have endured ups and downs in recent years, similar to the rest of the auto sector. The outbreak of COVID-19 brought the economy to a screeching halt. Stay-at-home orders both prevented consumers from going into auto parts stores to make purchases and pushed transportation to the back of people's priority lists. The rapid recovery of the US economy boosted auto parts stores, as pent-up demand caused a surge in industry revenue. With the end of pandemic-related restrictions, Americans were now driving at high volumes again, raising the need for vehicle maintenance. Altogether, industry revenue has been growing at a CAGR of 2.0% to $81.1 billion, including an anticipated increase of 0.4% in 2023 alone.
This industry comprises operators that sell new and used automotive parts and accessories, as well as 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.
Table of Contents
45 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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