Industry Analysis & Industry Trends
Motor vehicle new part wholesalers are observing negative influences on demand. A downturn in car manufacturing reduced demand for new car parts from major players and hampered revenue growth greatly. However, more people are keeping their existing vehicles instead of trading them in for newer models; this is creating demand for car parts, as increased maintenance requirements are being pursued. As the retailing consumer holds a greater proportion of market share than the manufacturing segment, the consumer market stabilised the environment for car parts dealers. Overall, industry revenue growth is estimated to stagnate at annualised 0.1% over the five years through 2012-13. Industry revenue is forecast to increase by 0.3% to $13.7 billion over 2012-13... purchase to read more
Industry Report - Industry Key Buyers Chapter
IBISWorld estimates that the top four industry participants collectively account for 19.4% industry revenue. The low level of concentration is explained by the fact that besides the few major players, the industry is highly fragmented with wholesalers specialising in their geographic region. However, a shakeout in the industry is possible with evidence of consolidation occurring in some states as larger players acquire independent operators.
Of the total number of establishments, an estimated 58.6% are non-employers, while about 92.5% employ fewer than 20 people. However, the level of concentration in the industry is estimated to be increasing, as firms are becoming larger... purchase to read more