Motoring on: Industry revenue expands thanks to continued demand for essential parts

The Motor Vehicle Parts Retailers industry has grown over the past five years. Demand for replacement car parts increased as consumers flooded back to the market. The industry sells a range of discretionary accessories that were in high demand as incomes rose. Falling fuel prices at the beginning of the period provided opportunities for retailers. However, a reversal of this trend more recently is expected to discourage car usage and limit wear and tear, negatively affecting industry demand. Industry revenue is forecast to come under pressure in the latter half of the period, largely due to falling consumer confidence limiting demand for non-essential vehicle parts. Overall, industry revenue is forecast to grow at a compound annual rate of 1.5% to reach £7.2...read more.

Industry Statistics & Market Size
Revenue
£7.2bn
Annual Growth 14-19
1.5%
Forecast Growth 19-24
Profit
Employment
37,520
Businesses
4,037
Market Share of Companies

Industry Threats & Opportunities

  • Demand for electric vehicles is expected to boost demand for high-value components
  • Technological advances have made car parts more durable, limiting demand
  • Companies are likely to set up online operations to reduce competition from online-only firms
  • Industry Report - Industry Locations Chapter

    The South EastThe South East has the largest proportion of industry establishments, accounting for an estimated 13.2% of the total. The region is highly populated with a high level of disposable income. As a result, the South East has a very high degree of car ownership and a large proportion of households own more than one car. The region also benefits from its proximity to London and high levels of freight transport, which necessitate higher demand for vehicle parts for maintenance and repair. Euro Car Parts' headquarters are located in this region.The North WestCar ownership in this region is high, and the North West accounts for the third highest share of the UK population. Mos...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 on 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 Industry?

    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.

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

  • Current Performance
  • Shifting gears
  • Ageing vehicles
  • Demand trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Revved up
  • The online route
  • Environmental trends
  • 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
  • Consumers

  • Key Selling Industries
  • Motor Vehicle Parts Wholesaling

  • 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 between six and eight years
  • Owners of vehicles aged between 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
    ProfitPurchasesWagesOther 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
    Halfords Group plc,
  • Table: Halfords Group plc - 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 (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • The market that manufactures, distributes and retails car parts and accessories after the automobile has been sold for the first time.
  • 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.
  • 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?

    The Motor Vehicle Parts Retailers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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:
    • 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 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, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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