Igniting growth: Growth in the size of the Irish car fleet has supported industry demand

The Motor Vehicle Parts Retailers industry has grown over the past five years. Strong economic growth and rising disposable income encouraged spending on big ticket items such as new and used cars which led to a steady rise in the number of cars in use in the Republic of Ireland. The total number of registered motor vehicles is expected to be over 2.7 million in 2018, a significant increase on 2.3 million a decade ago. This boosted demand for vehicle parts, which attracted more operators into the industry. In addition, the average age of these vehicles has also trended upwards over the past five years, as a substantial number of used cars has been imported from the United Kingdom. In 2010, the average age of the Irish motor fleet was 7.6 years, significantly lower than the estimated 8.8...read more.

Industry Statistics & Market Size
Revenue
£2.8 ’000
Annual Growth 13-18
5.3%
Forecast Growth 18-23
Profit
Employment
7,610
Businesses
1,155
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Strong economic growth and rising disposable income has increased the size of the Irish car fleet
  • A recent increase in the importing of used cars is expected to prove beneficial to the industry
  • The shift towards electric vehicles is expected to increase demand for high-margin components
  • Industry Report - Industry Key Buyers Chapter

    The industry exhibits a low level of market share concentration. IBISWorld expects the three largest industry operators to account for 10.4% of industry revenue. This has mainly increased over the past five years due to the growth of Volkswagen. Volkswagen brands account for most car registrations in the Republic of Ireland and the company remains the largest player in the industry. Most small retailers stock a wide range of branded parts and interior and exterior accessories, however most small operators serve a regional market. Most industry operators are small independent retailers which is expected to keep market share concentration low over the next five years...purchase to read more.

    Additional Insights for the Motor Vehicle Parts Retailers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Motor Vehicle Parts Retailers Industry are

  • Access to highly skilled workforce
  • Ability to control stock at hand
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Total number of registered motor vehicles and Average age of motor vehicles in the Motor Vehicle Parts Retailers industry impact industry performance..

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    What's in this report

    What is the Motor Vehicle Parts Retailers in Ireland Industry?

    Industry operators sell motor vehicle parts, including batteries, spark plugs, tyres and electrical components, to private and commercial customers. Wholesale activities, such as bulk sales to repair centres or manufacturers, are not included in the industry.

    Industry Products
  • Parts and accessories of bodies and bumpers
  • Gearboxes, axles and clutches
  • Brakes, road wheels and suspension systems
  • Seats, seat belts and airbags
  • Steering wheels
  • Radiators and silencers
  • Industry Activities
  • motor vehicle parts
  • motor vehicle accessories
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Total number of registered motor vehicles
  • Average age of motor vehicles
  • Consumer sentiment index
  • Fuel prices

  • Current Performance
    Driving forwardAgeing fleetIndustry profitability
  • Chart: Revenue Growth

  • Industry Outlook
    Fleet flowsIndustry profitability
  • Table: Motor Vehicle Parts Retailers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Motor Vehicle Parts Retailers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Taxi Operation in Ireland

  • Key Selling Industries
  • Motor Vehicle Parts & Accessories Manufacturing in Ireland

  • Products & Services
  • Parts and accessories of bodies and bumpers
  • Other
  • Gearboxes, axles and clutches
  • Brakes, road wheels and suspension systems
  • Seats, seat belts and airbags
  • Steering wheels
  • Radiators and silencers
  • Chart: Motor Vehicle Parts Retailers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Owners of vehicles aged nine years and over
  • Owners of vehicles aged six and eight years
  • Owners of vehicles aged three and five years
  • Owners of vehicles aged two years and under
  • Chart: Major Market Segmentation for the Motor Vehicle Parts Retailers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Motor Vehicle Parts Retailers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Motor Vehicle Parts Retailers Industry

  • Industry Globalization
    Volkswagen Group Ireland Ltd,
  • Table: Volkswagen Group Ireland Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Motor Vehicle Parts Retailers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Motor Vehicle Parts Retailers Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Alternative-Fuel Vehicle (Afv)
  • A vehicle that runs on non-standard fuel or a combination of this and petrol. Such vehicles usually require non-standard car parts.
  • Motor Factor
  • Another name for a parts retailers in the Republic of Ireland.
  • Original Equipment
  • Parts sold to car manufacturers for use in new vehicles. These are not included in the industry.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Motor Vehicle Parts Retailers in Ireland market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Motor Vehicle Parts Retailers in Ireland:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Motor Vehicle Parts Retailers in Ireland market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Motor Vehicle Parts Retailers in Ireland, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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