Industry Analysis & Industry Trends
The Motor Vehicle Parts Wholesaling industry has exhibited recent recovery after a poor start to the five-year period through 2016-17. When economic conditions deteriorated, consumers delayed purchasing any non-essential car parts and only carried out necessary repairs, which weighed on industry performance at the start of the five-year period. Recent improvements in the general economy are expected to result in the growth of industry revenue at a compound annual rate of 0.6% over the five years through 2016-17.
In the early part of the period, growth was fuelled by improved demand from the aftermarket segment. More recently, demand has been sustained by rising discretionary spending and the upward surge in retail sales of new motor vehicle parts... purchase to read more
Industry Report - Industry Products Chapter
Companies in the industry wholesale a wide variety of car parts, including suspension systems, tyres, brake pads, batteries and engine parts. Some parts are more popular in some markets than others. For example, engine parts are generally sold to mechanics, car dealership service centres and engine rebuilders. Interior accessories such as stereos and satnavs are more popular in consumer retail stores. Meanwhile, spark plugs and vehicle bulbs are commonly sold to most markets. Manufacturers typically purchase original equipment for use in new vehicles but also for sale in the replacement market through their dealerships.
Gearboxes, steering wheels and related parts
The largest product segment includes gearboxes, steering wheels and all other related products. Thi.. purchase to read more