Industry Analysis & Industry Trends
The Online Automotive Parts and Accessories Sales industry revved up during the past five years. Higher disposable incomes, coupled with increased online purchasing trends, supported annualised growth in industry revenue of 13.3% over the five years through 2012-13 to an estimated $359.3 million in revenue. The technical nature of automotive products lends itself well to online product description and specification details, in contrast to other products that often need to be inspected in person before purchase.
IBISWorld expects industry revenue will grow 11.9% during 2012-13 as rising disposable incomes and depressed consumer sentiment supported growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Over the 10 years through 2017-18, industry valued added is expected to post annualised growth of 7.6%, growing faster than the 2.4% growth expected of GDP over the corresponding period. Since the industry is outperforming overall GDP, IBISWorld estimates it is in the growth stage of its life cycle.
Australia's largest online automotive parts and accessories seller is Super Cheap Auto Pty Ltd. The company commands approximately 12% of industry revenue. However, as the industry is still in its infancy, many of Australia's other large car parts and accessory retailers are yet to enter the online market. The number of industry establishments is expected to grow at an annualised 4.5% in the 10 years through 2017-18, as more players realise the lucrative business of online retailing... purchase to read more