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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 | May 2017

Hitting the brakes: Revenue growth is expected to slow as economic uncertainty limits demand

IBISWorld’s Motor Vehicle Parts Retailers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Halfords Group plc Halfords Group plc market share
Industry Statistics & Market Size
Revenue
£7bn
Annual Growth 13-18
1.8%
Annual Growth 18-23
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Profit
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Employment
35,344
Businesses
3,756
Industry Threats & Opportunities
  • Industry revenue growth has somewhat slowed in recent years as new car sales have soared
  • Fuel prices are anticipated to increase in the current year, which could negatively affect demand
  • The trend towards AFVs is expected to continue, increasing demand for parts for electric cars
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Industry Analysis & Industry Trends

After a turbulent period for retailers, the industry enjoyed robust growth as the economic recovered accelerated at the start of the five-year period through 2017-18. Demand for replacement car parts soared as consumers flooded back into the market due to improving disposable income levels. The industry sells a range of discretionary accessories that have been in high demand as 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 but growth has slowed in recent years, partly due to soaring new car sales.

Over the five years through 2017-18, industry revenue is expected to grow at a compound annual rate of 1.8% to reach £6.7 billion... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Motor Vehicle Parts Retailers industry is in the mature stage of its life cycle. Industry value added, which measures the industry's contribution to the economy, is forecast to grow at a compound annual rate of 0.8% over the 10 years through 2022-23. GDP is expected to grow at a compound annual rate of 2% over the same period. This effectively means that the industry's contribution to the economy is declining but only marginally. However, this trend has been largely influenced by a high base period and the recent shock of the EU referendum outcome. In the long term, the industry exhibits mature features.

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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... purchase to read more

     


    Industry ProductsRelated Reports

    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


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Total number of registered motor vehicles
  • Average age of motor vehicles
  • Consumer confidence index
  • Fuel prices
  • Current Performance
  • Back in gear
  • Venerable vehicles
  • Stalled start
  • Chart: Revenue Growth
  • Industry Outlook
  • Revved up
  • The online route
  • Changing gears
  • 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
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Consumers
  • Key Selling Industries
  • Motor Vehicle Parts Wholesaling
  • Products & Services
  • Parts and accessories of bodies and bumpers
  • Other parts and accessories
  • Gearboxes, axles and clutches
  • Brakes, road wheels and suspension systems
  • Seats, seat belts and airbags
  • Electrical and electronic equipment
  • Radiators and silencers
  • Steering wheels
  • Chart: Motor Vehicle Parts Retailers Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Owners of vehicles aged nine years and older
  • 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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and 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
    Major Companies
    Halfords Group plc
  • Table: Halfords Group plc - financial performance
  • Operating Conditions
    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
    Key Statistics
  • 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
  • Jargon & Glossary
    After-Market
  • 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.

  • Why Buy this Report?
    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 of 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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