Auto Parts Stores in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: April 2024
NAICS 44131CARevenue
$7.8bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
26,249
Businesses
4,266
Wages
$X.Xbn
Auto Parts Stores in Canada industry analysis
Canadian auto parts stores sell a wide range of critical and nonessential vehicle parts and accessories. Retailers face regular competition from wholesale clubs, mass merchandisers and online retailers like eBay and Amazon. The industry prevailed through the pandemic, largely due to the essential nature of most automobile parts. Similarly, pent-up demand for travel and driving following lockdown orders contributed to greater vehicle wear and tear, leading to more demand for parts. Overall, revenue has climbed at an expected CAGR of 3.7% to $7.8 billion through the current period, including a 1.8% jump in 2024, where profit sank to 3.6%.
Trends and Insights
- Canadian auto parts stores displayed strong growth through the pandemic. Buyers have relied on auto stores to procure essential parts and equipment for vehicle repairs, leading to strong performance despite lockdowns.
- The consumer market is the largest for auto parts stores. Do-it-yourself customers shop at auto parts stores for repairs and maintenance.
- Auto parts stores largely follow population trends. More populous provinces have increased demand for products, making them more attractive for operations.
- Auto parts manufacturers are largely fragmented. Smaller, independent companies make up the majority of establishments though companeis have increasingly joined larger franchises.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 3.7 % over the past five years, to reach an estimated $7.8bn in 2024.
Trends and Insights
Auto parts stores performed well during the pandemic
- Most auto parts stores in Canada remained open through the pandemic despite strict lockdown restrictions. Even so, stores had to adhere to various social distancing regulations, adding to costs and limiting profit.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Strong economic growth will sustain revenue growth
- Rebounding consumer confidence, per capita disposable income, spending and corporate profit will translate into strong demand from consumer and commercial markets through the outlook period.
Biggest companies in the Auto Parts Stores in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Advance Auto Parts Inc. | 453.6 | 31.8 | 7.0 | |
Genuine Parts Company | 435.0 | 21.2 | 4.9 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including New critical parts, Used critical parts and Maintenance parts. New critical parts is the largest segment of the Auto Parts Stores in Canada.
Trends and Insights
New critical parts dominate the industry
- New critical parts for cars are the largest market for auto parts stores. These parts include engine pumps and belts, batteries, radiators and other essential parts.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Auto Parts Wholesaling in Canada
- Warehouse Clubs & Supercentres in Canada
Complementors
- Tire Dealers in Canada
- Auto Mechanics in Canada
International industries
- Global Auto Parts & Accessories Manufacturing
- Auto Parts Stores in the US
- Online Automotive Parts & Accessories Sales in the US
- Heavy Duty Truck Parts Dealers in the US
- Motor Vehicle Parts Retailing in Australia
Table of Contents
About this industry
Industry definition
The Auto Parts Stores industry in Canada includes all establishments, including e-commerce, primarily engaged in selling automotive parts and accessories, except for tires. The industry sells essential and nonessential auto parts.
What's included in this industry?
Vehicle accessoriesPerformance productsMaintenance partsNew critical partsUsed critical partsCompanies
Advance Auto Parts Inc.Genuine Parts CompanyPurchase this report to view all 2 major companies in this industry.
Related Terms
DO-IT-FOR-ME (DIFM)DO-IT-YOURSELF (DIY)AFTERMARKETIndustry Code
NAICS 441310 - Auto Parts Stores in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Canadian auto parts stores displayed strong growth through the pandemic. Buyers have relied on auto stores to procure essential parts and equipment for vehicle repairs, leadi...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The consumer market is the largest for auto parts stores. Do-it-yourself customers shop at auto parts stores for repairs and maintenance.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Auto parts stores largely follow population trends. More populous provinces have increased demand for products, making them more attractive for operations.
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Auto parts manufacturers are largely fragmented. Smaller, independent companies make up the majority of establishments though companeis have increasingly joined larger franch...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
A large majority of auto parts stores are single locations serving a single geographic area. Only two companies represent more than 5.0% market share.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Advance Auto Parts Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Genuine Parts Company's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Advance Auto Parts Inc., and factors influencing its performance in the industry
- Description and key data for Genuine Parts Company, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulation is relatively low. Auto parts stores must follow all common labour and safety rules and recycle any used oil.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Companies rely on skilled labour. Knowledgeable employees can provide better customer assistance and value-added services, enabling retailers to differentiate from competitor...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Auto Parts Stores industry in Canada in 2024?
The market size of the Auto Parts Stores industry in Canada is $7.8bn in 2024.
How many businesses are there in the Auto Parts Stores in Canada industry in 2024?
There are 4,266 businesses in the Auto Parts Stores industry in Canada, which has grown at a CAGR of 0.7 % between 2019 and 2024.
Has the Auto Parts Stores industry in Canada grown or declined over the past 5 years?
The market size of the Auto Parts Stores industry in Canada has been growing at a CAGR of 3.7 % between 2019 and 2024.
What is the forecast growth of the Auto Parts Stores industry in Canada over the next 5 years?
Over the next five years, the Auto Parts Stores industry in Canada is expected to grow.
What are the biggest companies in the Auto Parts Stores market in Canada?
The biggest companies operating in the Auto Parts Stores market in Canada are Advance Auto Parts Inc. and Genuine Parts Company
What does the Auto Parts Stores in Canada include?
Vehicle accessories and Performance products are part of the Auto Parts Stores industry.
Which companies have the highest market share in the Auto Parts Stores in Canada?
The company holding the most market share in Canada is Advance Auto Parts Inc..
How competitive is the Auto Parts Stores industry in Canada?
The level of competition is high and steady in the Auto Parts Stores industry in Canada.
