Motor vehicle new part dealers are observing negative influences on demand. A downturn in the car manufacturing industry reduced demand for new car parts from major players and hampered revenue growth greatly. However, more people are keeping their existing vehicles instead of trading them in for newer models; this is creating demand for car parts, as increased maintenance requirements are being pursued. As the retailing consumer holds a greater proportion of market share than the manufacturing segment, this is creating a more favourable environment for car parts dealers compared with car manufacturers.
Companies in this industry wholesale new motor vehicle and motorcycle parts and accessories. These include parts such as batteries, accessories such as car radios, as well as motor vehicle and motorcycle tyres. Parts and accessories are mainly sold to motor vehicle manufacturers, parts retailers and mechanics.
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.