Auto Parts Stores in Canada - Industry Market Research Report

Auto Parts Stores in Canada - Industry Market Research Report

Auto Parts Stores in Canada

Despite broader economic volatility in recent years, auto parts stores have had success growing revenue, which is determined by demand from both household and commercial clients. The COVID-19 pandemic severely eroded revenue in the retail sector over 2020, but due to the essential nature of auto parts stores, they remained open and experienced expansion. This contributed to solid growth for auto parts stores in recent years, as revenue has grown an annualized 2.4% to reach $7.5 billion over the five years to 2023, including 1.1% over 2023 alone. Profit has fallen over the past five years as price-based competition has increased.

The Auto Parts Stores industry in Canada includes all establishments primarily engaged in selling automotive parts and accessories, with the exception of tires. Tire retailers are included in the Tire Dealers industry in Canada (IBISWorld report 44132CA).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.