The Auto Parts Stores industry is expected to grow slowly over the five years to 2015. Demand for industry services has been in long-term decline as advancements in motor vehicle technology have made it increasingly difficult for vehicle owners to repair and maintain vehicles without professional help. However, growth in the national level of per capita disposable income and favorable car usage trends have led to growth in demand for industry products in the short term. In the next five years, industry revenue is expected to grow at a slower pace. As the national level of per capita disposable income continues to rise, some consumers will increase spending on industry products, while others will purchase new vehicles or hire auto services.
This industry comprises establishments that sell new and used automotive parts and accessories, repair automobiles and install automotive accessories.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.