$278.7bn
$XX.Xbn
248k
17,181
$XX.Xbn
Revenue for the Auto Parts Wholesaling industry has grown at an estimated CAGR of 2.3% to reach $278.7 billion in 2023, when revenue is set to grow 3.1% as the number of motor vehicle registrations and per capita disposable income both rise. Amid widespread stay-at-home orders, unemployment spiked in 2020, discouraging consumers from making large purchases, including automobiles. However, while some consumers are driving less now that they're working from home, demand for auto parts has rebounded along with vehicle registrations. Industry profit, measured as earnings before interest and taxes, has grown slightly as wholesalers haven been able to pass along rising costs.
Industry revenue has grown at a CAGR of 2.3 % over the past five years, to reach an estimated $278.7bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Denso Corp. | 7,753.8 | 328.5 | 4.2 | |
Robert Bosch GmbH | 7,345.7 | 312.9 | 4.3 | |
Genuine Parts Co | 6,733.6 | 281.5 | 4.2 |
To view the market share and analysis for all 9 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Thermal systems, Powertrain systems and Electrical/electronic components. Thermal systems is the largest segment of the Auto Parts Wholesaling in the US.
Powertrain systems are widely produced
This industry comprises operators that sell automotive parts wholesale to automobile manufacturers, automotive parts retailers and auto service providers. Sales of new tires and tubes are not included.
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NAICS 42312 - Auto Parts Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The COVID-19 pandemic caused a drastic decline in consumer and business sentiment, resulting in a major fall in revenue for auto parts manufacturers. As the economy recovered...
Learn about an industry's products and services, markets and trends in international trade.
Product innovation has benefited auto parts wholesalers. Specifically, electrification and mobility systems have expanded as product segments in recent years.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The Southeast has the most industry locations. This is partially thanks to it having the largest share of the population.
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.
The Auto Parts Wholesaling industry has a low level of concentration. Since there are many avenues for specialization, there is room for many players.
Learn about the performance of the top companies in the industry.
The four largest companies comprise less than 15.0% of revenue in 2023, showing that the industry is quite fractured. Modest market power still exists among some auto parts m...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Wholesalers face little direct regulation. However, upstream auto parts manufacturers face more significant regulation, and this added cost is passed along to wholesalers.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Wholesaling is a competitive marketplace. Efficient and accurate assessment of inventory value will lead to lower purchase cost and higher profit.
Including values and annual change:
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Key data sources in the US include:
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The market size of the Auto Parts Wholesaling in the US industry in United States is $278.7bn in 2024.
There are 17,181 businesses in the Auto Parts Wholesaling in the US industry in United States, which has declined at a CAGR of 0.3 % between 2018 and 2023.
The market size of the Auto Parts Wholesaling in the US industry in United States has been growing at a CAGR of 2.3 % between 2018 and 2023.
Over the next five years, the Auto Parts Wholesaling in the US industry in United States is expected to grow.
The biggest companies operating in the Auto Parts Wholesaling market in United States are Denso Corp., Robert Bosch GmbH and Genuine Parts Co
Automobile accessories wholesaling and Automobile glass wholesaling are part of the Auto Parts Wholesaling in the US industry.
The company holding the most market share in United States is Denso Corp..
The level of competition is high and steady in the Auto Parts Wholesaling in the US industry in United States.