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Auto Parts Supply

Auto Parts Supply

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Executive summary

Operators in the Auto Parts Stores industry have been living in the fast lane after periods of steady movement. Over the five years to 2022, the industry has experienced fairly stable, albeit slow, growth, especially between 2018 and 2020. During the period, the industry benefited from increased levels of per capita disposable income, which enabled more consumers to spend on industry services. Moreover, the average age of the vehicle fleet expanded slightly over the five years to 2022, increasing demand for repair parts from the industry. However, the industry remains in an era of long-term sluggish movement, with profit declining overall and little room for substantial revenue expansion. Revenue is estimated to grow at an annualized rate of 2.7% to reach $76.6 billion over the five years to 2022, including an increase of 4.2% in 2022.
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industry revenue;

industry profit;

industry margin;

industry employment;

industry major players;

industry key external drivers;

industry product & structure segmentation;

industry key trends;

industry Life Cycle;

industry Geographic Breakdown;

industry Key Success Factors;

industry Key statistics for previous years;

forecast of industry Key statistics for the next 5 years;

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Reference Wordlist

High barriers to entry mean that new companies struggle to enter an industry, while low barriers mean it is easy for new companies to enter an industry.

Compares the amount of money spent on capital (plant, machinery and equipment) with that spent on labor.
IBISWorld uses the ratio of depreciation to wages as a proxy for capital intensity. High capital intensity is more than $ 0.333 of capital to $ 1 of labor; medium is $ 0.125 to $ 0.333 of capital to $ 1 of labor; low is less than $ 0.125 of capital for every $ 1 of labor.

The dollar figures in the Key Statistics table, including forecasts, are adjusted for inflation using the current year (i.e. year published) as the base year. This removes the impact of changes in the purchasing power of the dollar, leaving only the "real" growth or decline in industry metrics. The inflation adjustments in IBISWorld’s reports are made using the US Bureau of Economic Analysis’ implicit GDP price deflator.

Spending on industry goods and services within the United States, regardless of their country of origin. It is derived by adding imports to industry revenue, and then subtracting exports.

The number of permanent, part-time, temporary and seasonal employees, working proprietors, partners, managers and executives within the industry.

Colloquial Terminology

The market for spare parts, accessories and components.

Those who purchase materials themselves and then hire a third party to complete the project.

Those who purchase products and complete projects themselves.


The spread of COVID-19 (coronavirus) led to limited revenue growth in 2020, as consumers opted for e-commerce retailers rather than industry operators amid heightened shelter-in-place orders and nonessential business closures. However, as the year progressed and consumers began using their vehicles more regularly again, demand for industry services rebounded to the best year of the century for industry growth. In 2021, the industry expanded by a massive 6.9% as the economy recovered and consumers used the extra time and money to invest in their vehicles. The skyrocketing price of cars in 2021 and 2022 is expected to encourage spending on repairs of both new and used vehicles for consumers priced out of the car market.

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