Fixing up: Rising disposable income is expected to result in stronger industry demand

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...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 14-19
3.0%
Forecast Growth 19-24
Profit
Employment
24,070
Businesses
3,472
Market Share of Companies

Industry Threats & Opportunities

  • Increased disposable income enabled consumers to purchase parts and accessories from industry operators
  • Demand for auto parts has increased over the past five years
  • Expanding profit margins will encourage entry into the industry
  • Industry Report - Industry Locations Chapter

    Establishments in the Auto Parts Stores industry in Canada are generally spread according to the distribution of the Canadian population and the concentration of vehicles. In fact, according to the Automotive Industries Association of Canada, 51.0% of two-person households and 57.0% of four-person households have at least two vehicles. Moreover, the majority of the population lives in southern Canada, which is also home to 17 of Canada’s largest cities. For instance, Ontario is home to a substantial 38.7% of the Canadian population, while Quebec is estimated to account for an additional 22.6% of the population. As a result, most industry-relevant sales are completed in Ontario and Quebec, and these provinces are estimated to contain 36.6% and 22.6% o...purchase to read more.

    Additional Insights for the Auto Parts Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Parts Stores Industry are

  • Having a loyal customer base
  • Establishment of brand names
  • Control of distribution arrangements
  • IBISWorld analysts also discuss how external factors such as Total vehicle-kilometres and Number of motor vehicle registrations in the Auto Parts Stores industry impact industry performance..

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    What's in this report

    What is the Auto Parts Stores Industry?

    This industry 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).

    Industry Products
  • New critical parts
  • Used critical parts
  • Maintenance parts
  • Performance products
  • Accessories
  • Industry Activities
  • Selling automotive parts
  • Distributing automotive parts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total vehicle-kilometres
  • Number of motor vehicle registrations
  • Per capita disposable income
  • World price of crude oil

  • Current Performance
  • Strong downstream demand
  • Profit and purchases
  • Mounting competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising revenue
  • Profit and participation
  • Table: Auto Parts Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Parts Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Car & Automobile Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • Truck & Bus Manufacturing in Canada
  • Truck, Trailer & Motor Home Manufacturing in Canada
  • Auto Mechanics in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Auto Parts Wholesaling in Canada

  • Products & Services
  • New critical parts
  • Used critical parts
  • Accessories
  • Performance products
  • Other
  • Maintenance parts
  • Chart: Auto Parts Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Repair shops
  • Retailers and wholesalers for resale
  • Other
  • Chart: Major Market Segmentation for the Auto Parts Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    WagesPurchasesProfitDepreciationMarketingRentUtilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Auto Parts Stores

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Parts Stores Industry

  • Industry Globalization
    Carquest Auto Parts,
  • Table: Carquest Auto Parts - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Parts Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Auto Parts Stores Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Marketing (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)
  • Total vehicle-kilometres (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • The market for spare parts, accessories and components.
  • Do-It-For-Me (Difm)
  • Consumers who purchase materials themselves and then hire a third party to complete the project.
  • Do-It-Yourself (Diy)
  • Consumers who purchase products and complete the projects themselves.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Auto Parts Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Parts Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Parts Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Parts Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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