The growing do-it-yourself (DIY) market will substantially increase demand for auto parts stores.
San Francisco, CA (PRWEB) December 12, 2012
Revenue for the Auto Parts Stores industry in China is estimated at $31.4 billion in 2012, with annualized growth of 15.7% over the past five years, says IBISWorld. Strong growth in the Automobile Manufacturing industry has boosted the industry's development since 2009.
The combined market share the top four companies operating in this industry – Jiangsu Gaoli Group, Shanghai Datang Auto Parts Chain, Lamba Auto Parts Chain and Shanghai Haimeng Auto Parts Chain Stores – is about one-tenth of industry revenue. This low concentration level is mainly due to the existence of a large number of small automotive parts retailers, most of which are located in large automotive parts trade centers. Other business models for auto parts stores in China include independent stores, auto parts chain stores, auto parts supermarkets and joint purchase alliances. Industry concentration is expected to increase steadily in the future, with the expansion of chain operations and merger activity.
New automobiles in major cities will enter the secondhand automobile market in the next few years and aging automobile stock will result in increased demand for auto parts in the future across China. Further, the growing do-it-yourself (DIY) market will substantially increase demand for auto parts stores in China, says IBISWorld.
For more information, visit IBISWorld’s Auto Parts Stores in China industry report page.
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IBISWorld Industry Report Key Topics
Auto parts stores in China retail automobile parts and accessories, including tires. Sales of automobile parts and accessories at the time of repair by automobile repair establishments are not included in this industry.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.