The Auto Parts Wholesaling industry experienced a great deal of revenue volatility over the five years to 2015 due to the economic downturn. A lack of consumer enthusiasm for new automobile purchases curbed demand for automobile parts from automakers, while automakers cut production in light of repressed sales. As the entire automotive sector grows steadily in line with a generally improving economy, the industry will benefit. Additionally, IBISWorld expects the industry to continue its upward trend as demand from car and automobile manufacturing improves. Moreover, due to stricter emission requirements and increased eco-friendly initiatives, automakers are demanding lighter and more efficient auto parts, which are anticipated to also spur industry demand. As a result, industry revenue is expected to increase in the five years to 2020.
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.
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.