Full speed ahead: An ageing and increasing vehicle fleet is driving revenue growth

The Motor Vehicle Parts Retailing industry has steadily grown over the past five years. An ageing vehicle fleet, a rising number of registered motor vehicles, and increasing household disposable income have driven industry revenue over the period. The popularity of second-hand imported vehicles has also underpinned sustained demand for motor vehicle parts and accessories. These vehicles typically have higher mileage and greater wear and tear, and generally require more maintenance, servicing and repair work, which in turn boosts demand for industry products. Overall, industry revenue is forecast to grow at an annualised 7.1% over the five years through 2018-19, to reach $677.4 million. This includes expected revenue growth of 4.1% in the current year...read more.

Industry Statistics & Market Size
Revenue
$677m
Annual Growth 14-19
7.1%
Forecast Growth 19-24
Profit
Employment
2,179
Businesses
285

Industry Threats & Opportunities

  • An ageing and growing vehicle fleet has driven industry revenue over the past five years
  • Robust growth in household disposable income has benefited industry operators
  • A weak New Zealand dollar will keep purchase costs high, weighing on profitability
  • Industry Report - Industry Investment Chapter

    The Motor Vehicle Parts Retailing industry is characterised by a low level of capital intensity. For every dollar paid as wages, an estimated $0.08 is spent on capital investment. Motor vehicle parts retailers typically require little equipment, with the majority of the expenditure allocated to wages due to the service-based nature of the industry. Customer service, inventory management and other administrative duties typically require labour. Capital requirements for industry operators generally involve shop fittings and technology for inventory management. There has been a gradual shift towards automation, especially as online operations become more prominent, though labour requirements remain high for the industry...purchase to read more.

    Additional Insights for the Motor Vehicle Parts Retailing Industry

    IBISWorld has determined the most important Key Success Factors for the Motor Vehicle Parts Retailing are:

  • Ability to control stock on hand
  • Attractive product presentation
  • Having a clear market position
  • IBISWorld analysts also discuss how external factors such as Number of motor vehicles and Average age of vehicle fleet in the Motor Vehicle Parts Retailing industry impact industry performance..

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    What's in this report

    What is the Motor Vehicle Parts Retailing in New Zealand Industry?

    Industry operators primarily sell new and used parts and accessories for motor vehicles and motorcycles. Industry firms also sell automotive air conditioners and batteries but the installation of these parts and units is excluded from the industry.

    Industry Products
  • Motor vehicle parts
  • Motor vehicle accessories
  • Industry Activities
  • Motor vehicle parts and accessories retailing
  • Motorcycle parts and accessories retailing
  • Automotive air conditioning retailing
  • Car audio system retailing
  • Automotive battery retailing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of motor vehicles
  • Average age of vehicle fleet
  • Consumer sentiment index
  • Real household disposable income

  • Current Performance
  • Trading landscape
  • Industry profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand factors
  • Prospective entrants
  • Table: Motor Vehicle Parts Retailing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Motor Vehicle Parts Retailing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in New Zealand

  • Key Selling Industries
  • Motor Vehicle and Parts Manufacturing in New Zealand
  • Motor Vehicle New Parts Wholesaling in New Zealand

  • Products & Services
  • Motor vehicle parts
  • Motor vehicle accessories
  • Chart: Motor Vehicle Parts Retailing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 59
  • Consumers aged 30 to 44
  • Consumers aged 15 to 29
  • Consumers aged 60 and over
  • Chart: Major Market Segmentation for the Motor Vehicle Parts Retailing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Motor Vehicle Parts Retailing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Motor Vehicle Parts Retailing Industry

  • Industry Globalization
    GPC Asia Pacific (NZ) Holdings Limited, Super Cheap Auto (New Zealand) Pty Limited,
  • Table: GPC Asia Pacific (NZ) Holdings Limited - financial performance
  • Table: Super Cheap Auto (New Zealand) Pty Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Motor Vehicle Parts Retailing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Motor Vehicle Parts Retailing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aftermarket
  • Automotive parts and accessories used to repair or replace vehicles and are not produced by the original equipment manufacturer.
  • Click And Collect
  • An ecommerce system where consumers purchase or select goods online and collect them in store.
  • Original Equipment Manufacturer (Oem)
  • A company that produces parts and equipment that may be marketed by another manufacturer.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Motor Vehicle Parts Retailing in New Zealand 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.

    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 Retailing in New Zealand:
    • 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 Retailing in New Zealand 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 Retailing in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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