45,000 Companies Occupy the $135 Billion Wholesale and Retail Auto Parts Industry
Research and Markets (researchandmarkets. com/reports/c35798) has announced the addition of Automobile Parts Wholesale-Retail - Industry Profile to their offering.
Dublin (PRWEB) April 20, 2006
Research and Markets (http://www. researchandmarkets. com/reports/c35798 (http://www. researchandmarkets. com/reports/c35798)) has announced the addition of Automobile Parts Wholesale-Retail - Industry Profile to their offering.
Brief Excerpt from Industry Overview Chapter:
The wholesale and retail auto parts industry includes approximately 45,000 companies with combined annual revenue of $135 billion. Top companies include Genuine Parts, AutoZone, Advance Auto Parts, CSK, and Pep Boys, all with annual sales over $1 billion. About 25 wholesalers and 40 retailers each have annual sales over $100 million. Many large firms operate both wholesale distribution centers and retail stores.
The industry is concentrated at the top: the 50 largest wholesalers hold over 50 percent of the wholesale segment. The retail segment is a bit less concentrated, with the top 50 companies holding about 40 percent of the segment. The used parts segment is highly fragmented.
Competitive Landscape
Demand for aftermarket parts is driven by the age and mileage of vehicles, generally increasing when fewer new cars are sold. The profitability of individual companies depends largely on the volume of goods sold, because many of their costs are fixed. Small companies can compete effectively by carrying specialized parts or providing extra services such as machining or fast delivery. Average annual revenue per employee is about $700,000 for wholesalers; $100,000 for small retailers; and $175,000 for large retailers.
Products, Operations & Technology
The industry sells parts and other products used to maintain and repair cars and trucks in the so-called auto aftermarket.
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