Motoring on: Industry revenue continues to grow despite subdued economic conditions

The industry has performed strongly over the past five years, although growth has slowed more recently. Industry revenue benefited from rising demand from key markets as car production and demand from retailers increased. Improving disposable income and rising business expenditure at the start of the period supported demand for parts as the number of new car sales increased strongly through 2016. However, subdued economic conditions in the latter half of the period have weighed on revenue growth as car production and new car sales continue to slow. Revenue is forecast to increase by 1.8% in 2018-19. Overall, industry revenue is expected to rise at a compound annual rate of 3.4% over the five years through 2018-19 to reach £14.7 billion...read more.

Industry Statistics & Market Size
Revenue
£14.7bn
Annual Growth 14-19
3.4%
Forecast Growth 19-24
Profit
Employment
67,953
Businesses
4,310
Market Share of Companies

Industry Threats & Opportunities

  • Rising new car sales at the start of the period supported demand for industry operators
  • Car manufacturers have pressured operators to lower product prices
  • Companies that stock parts for electric and hybrid vehicles should be able to increase their revenue
  • Industry Report - Starting a New Business Chapter

    The greatest barriers to entry in the industry include the establishment of distribution centres and competition at the higher end of the market. A new entrant may not be able to afford to enter the industry unless they find a niche that is not currently served, but the fragmented nature of the industry makes entry far easier. Establishing solid downstream relationships is essential to success, but this can take time. If entrants can do so, this will provide more shelter from demand shocks. Operators with long standing contracts with retailers are able sustain demand and remain profitable.Barriers to entering into the original equipment market are even higher. A n...purchase to read more.

    Additional Insights for the Motor Vehicle Parts Wholesaling Industry

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

  • Having links with suppliers
  • Access to the latest available and most efficient technology and techniques
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Demand from motor vehicle parts retailers and Demand from motor vehicle maintenance and repair in the Motor Vehicle Parts Wholesaling industry impact industry performance..

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    What's in this report

    What is the Motor Vehicle Parts Wholesaling Industry?

    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.

    Industry Products
  • Engines
  • Tyres
  • Batteries
  • Electrical and electronic components
  • Body parts
  • Brakes and brake parts
  • Gearboxes, steering wheels and related parts
  • Other parts and accessories
  • Industry Activities
  • Wholesaling motor vehicle body parts
  • Wholesaling engines and gearboxes
  • Wholesaling other motor parts
  • Wholesaling 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
  • Demand from motor vehicle parts retailers
  • Demand from motor vehicle maintenance and repair
  • Demand from motor vehicle manufacturing
  • Average age of motor vehicles
  • Real effective exchange rate
  • Total number of registered motor vehicles

  • Current Performance
  • Performance slowdown
  • Revenue trends
  • A bumpy ride
  • Profit performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Mixed conditions
  • Fuel costs and electric vehicles
  • Technological developments and wholesale bypass
  • Car sharing
  • Table: Motor Vehicle Parts Wholesaling Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Motor Vehicle Manufacturing
  • New Car & Light Motor Vehicle Dealers
  • Motor Vehicle Maintenance & Repair
  • Motor Vehicle Parts Retailers

  • Key Selling Industries
  • Motor Vehicle Parts & Accessories Manufacturing

  • Products & Services
  • Gearboxes, steering wheels and related parts
  • Engines
  • Tyres
  • Body parts
  • Electrical and electronic components
  • Batteries
  • Brakes and brake parts
  • Other parts and accessories
  • Chart: Motor Vehicle Parts Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Mechanics
  • Carmakers
  • Car dealers
  • Chart: Major Market Segmentation for the Motor Vehicle Parts Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther
  • Chart: Cost Structure Benchmarking – Sector vs Motor Vehicle Parts Wholesaling

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Motor Vehicle Parts Wholesaling Industry

  • Industry Globalization
    Euro Car Parts Ltd,
  • Table: Euro Car Parts Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Motor Vehicle Parts Wholesaling 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 Wholesaling 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 secondary market for car components for use in existing rather than new vehicles.
  • Original Equipment
  • Components manufactured for motor vehicle manufacturers and their dealers. The parts usually carry the brand of the motor vehicle manufacturer.
  • Wholesale Bypass
  • When retailers purchase directly from manufacturers without going through a wholesaler.
  • What Our Customers Say

    Why buy this report?

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

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