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Motor Vehicle Parts Retailers in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Motor Vehicle Parts Retailers Market Research Report | SIC G45.320 | Sep 2016

Stalled start: Low confidence following the EU referendum is likely to constrain demand

IBISWorld’s Motor Vehicle Parts Retailers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Halfords Group plc Halfords Group plc market share
Industry Statistics & Market Size
Revenue
£7bn
Annual Growth 12-17
3.3%
Annual Growth 17-22
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Profit
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Employment
35,238
Businesses
3,753
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 - Starting a New Business Chapter

Barriers to entry are low due to the lack of regulation and market power in the industry. The only major constraint lies in the cost of setting up a new store and developing a reputation. Stores are generally large and must carry a wide range of car parts in order to drive footfall. New entrants may find it difficult to compete against already established stores as those already have a customer base.

For a new entrant to be successful, it would be required to invest heavily into advertising and marketing to establish its brand name and gain a customer base. It is market where consumers are generally loyal to previously visited or recommended firms. To .. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 bumpersGearboxes, axles and clutchesBrakes, road wheels and suspension systemsSeats, seat belts and airbagsElectrical and electronic equipmentRadiators and silencersSteering wheelsOther parts and accessories
 
Industry Activities
Retailing motor vehicle partsRetailing motor vehicle accessories


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