The Motor Vehicle Parts Wholesaling industry has recovered well from a turbulent period in the past few years. When conditions deteriorated in the economy, consumers delayed purchasing any non-essential car parts and only carried out repairs that were absolutely necessary. However, the industry was more resilient than the New Car and Light Motor Vehicle Dealers industry (IBISWorld report G45.111) because it is far cheaper to repair a vehicle than buy a new one. Economic and consumer conditions have improved, allowing industry revenue to grow at an estimated compound annual rate of 3.4% over the five years through 2015-16.
Companies in this industry wholesale a wide variety of motor vehicle parts and accessories, including tyres, spark plugs, engines and batteries. Retail sales direct to the public 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.