Industry Analysis & Industry Trends
The industry has enjoyed robust growth in recent years. This was particularly evident in the three years through 2013-14 after a turbulent period for retailers. As the economic recovery gathered pace, consumers flooded back into the market and industry demand soared. The industry sells a range of discretionary accessories that have been in high demand as disposable incomes have risen. Falling fuel prices and an increase in the number of motor vehicles on the road have also provided more opportunities for retailers.
Over the five years through 2016-17, industry revenue is expected to grow at a compound annual rate of 3.3% to reach £6.55 billion. The industry has benefited from an ageing national car fleet in recent years, which has boosted demand for essential repairs... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Motor Vehicle Parts Retailers industry exhibits a low level of market share concentration. IBISWorld expects the three largest industry operators to account for 12.6% of revenue in 2016-17. The industry is extremely fragmented and there are a large number of operators. Halfords, a very well-known retailer with over 450 hundred stores across the United Kingdom, is the only operator to boast a market share higher than 5%.
Other than Halfords, there are very few motor vehicle parts retailers that operate on a large scale. In 2015, almost 60% of industry enterprises employed fewer than five employees and only 21.1% of establishments employed 10 or more. This illustrates the competitive and fragmented nature of the industry. The industry is slowly becoming more concentrated.
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