Auto Parts Wholesaling in Florida
The Auto Parts Wholesaling industry in Florida has experienced moderate growth over the five years to 2017. Rising per capita disposable income and historically low interest rates have been the primary drivers of industry growth. Automobile manufacturers are the largest buying market for Florida auto parts wholesalers, and as a result, new car sales have greatly helped industry operators over the past five years. Over the five years to 2022, the revenue growth is forecast to slow. After several recent increases, the Federal Reserve is expected to continue raising interest rates over the next five years. Rate hikes will increase the cost of borrowing money, thereby making it more expensive to finance new automobile purchases. These factors will cause new car sales to decline, which will dampen demand for wholesale auto parts from vehicle manufacturers.
This industry comprises operators that sell automotive parts wholesale to automobile manufacturers, automotive parts retailers and auto service providers. Sales of new tires and tubes are not included.
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.