The industry has recovered from a recession-induced lull over the past five years. Revenue declined steeply during the worst of the economic downturn despite the fact that industry operators typically fare better than car dealers in times of economic difficulty. However, the downturn was so severe that consumers only replaced parts if absolutely necessary, delaying any non-essential upgrades or replacements until after the downturn. As economic conditions have eased, consumers have flooded back into the market and industry demand has risen. Industry revenue has now surpassed its pre-recessionary peak.
Companies in this industry sell motor vehicle parts, such as batteries, spark plugs, tyres and electrical components, directly to the public. Wholesale activities, such as bulk sales to car mechanics who use the parts when carrying out repairs, are not included in the industry.
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.