Motor Vehicle Parts Retailing in New Zealand - Industry Market Research Report

Motor Vehicle Parts Retailing in New Zealand - Industry Market Research Report

Motor Vehicle Parts Retailing in New Zealand

Lockdowns, restrictions and upstream manufacturing shortages have weighed on industry performance over the past five years. Industry retailers have struggled to maintain inventory levels to meet customer demand, leading to declining revenue in 2020-21 and 2021-22. Weakening economic conditions further weighed on industry sales, as high inflation and increasing interest rates reduced consumer spending power contributing to an expected decline in industry revenue of 7.0% in the current year. Overall, industry revenue is expected to fall at an annualised 3.0% over the five years through 2022-23, to $653.7 million.

Industry operators primarily sell new and used parts and accessories for motor vehicles and motorcycles. Industry firms also sell automotive air conditioners and batteries but the installation of these parts and units is excluded from the industry.

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.