Table of Contents
Introduction and Abbreviations
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- Introduction
- Definition
- Abbreviations and terms
- Abbreviations
- Terms
Executive Summary
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- Recent sales growth has been solid
- New product developments a factor
- 240 million cars and light trucks, driven close to 3 trillion miles per year
- Positive factors: shift from car to light truck, automobile longevity
- Negative factors: uptick in leasing, decrease in average miles per car driven
- Baby Boomers, twenty-somethings, minorities are factors
- Tire companies dominate among manufacturers
- Specialty product/installation outlets take the lead in retail
- Forecast suggests continued growth
Market Drivers
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- The automotive industry
- New vehicle sales boost aftermarket and OEM sales
- Shift from car to light truck a boon for industry
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- Figure 1: Sales of new cars and light trucks, 2001-05
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- Figure 2: Sales of new light trucks by segment, 2005
- Spike in gas prices affects sales
- U.S. motor vehicle fleet grows but miles per car driven stagnates
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- Figure 3: Total U.S. registered vehicles and estimated passenger automobile miles driven, 2000-05
- Auto longevity extends; scrappage rates decline
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- Figure 4: Scrappage rates and median age of cars and light trucks in operation, 2000-05*
- Leasing threatens aftermarket growth
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- Figure 5: Leases of new cars and light trucks, 2001-05
- Used vehicle sales generate aftermarket opportunities
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- Figure 6: Sales of certified used vehicles, 2002-05
- OEM and increased electronic content weigh on market
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- Figure 7: Sales of domestic factory-installed autosound, at current and constant prices, 2001-06
- Baby Boomers, young drivers, ethnic diversity key factors
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- Figure 8: U.S. population, by age, 2001-11
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- Figure 9: U.S. population, by race/ethnicity, 2001-11
- Cultural/lifestyle factors
- A land of auto-addicted commuters
- Boomer affluence ripe for picking
- Increase in car culture television programming
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- Figure 10: Tuner TV programming, July 2006
- Motorsports growth linked to increased demand for accessories and specialty equipment
- Decline in sports, fitness and other recreational activities poses threat
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- Figure 11: Participation in sports, January-September 2003-05
- Other factors
Market Size and Trends
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- Figure 12: Total U.S. retail sales of aftermarket accessories and specialty products, at current and constant prices, 2001-06
- Figure 13: Total U.S. retail sales of aftermarket accessories and specialty products, at current and constant prices, 2001-06
- Design uniformity provides opportunity
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Market Segmentation
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- Sales by product segment
- Overview
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- Figure 14: Sales of aftermarket accessories and specialty products, segmented by product type, 2004 and 2006
- Figure 15: Graph: Sales of aftermarket accessories and specialty products, segmented by product type, 2006
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- Figure 16: Graph: Sales of aftermarket accessories and specialty products, by segment, 2001-06
- Accessories and appearance products
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- Figure 17: Sales of accessories and appearance products, at current and constant prices, 2001-06
- Mobile electronics
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- Figure 18: Manufacturers’ sales of mobile electronics, at current and constant prices, 2001-06
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- Figure 19: Manufacturers’ sales of aftermarket autosound products, at current and constant prices, 2001-06
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- Figure 20: Sales of mobile video and navigation systems, at current and constant prices, 2001-06
- New mobile electronics product introductions, by company
- Clarion
- JVC
- Panasonic
- Kenwood
- Wheels, tires and suspension products
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- Figure 21: Sales of wheels, tires and suspension products, at current and constant prices, 2001-06
- Custom wheels
- Performance tires
- Tire product introductions
- Racing and performance products
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- Figure 22: Sales of racing and performance products, at current and constant prices, 2001-06
- Sales by vehicle type and use
- Overview
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- Figure 23: Sales of automotive accessories and specialty products, segmented by vehicle type and use, 2004 and 2006
- Trends by vehicle type/usage category
- Light trucks
- Restyling
- Street performance
- Restoration
- Off-road
- Street rod and custom
- Racing
- Compact performance
- Other
Supply Structure
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- Overview of leading suppliers
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- Figure 24: Top aftermarket suppliers with leading positions in multiple categories, 2005
- Goodyear Tire & Rubber Company
- Bridgestone Corp.
- Michelin Group
- Continental AG
- Federal-Mogul
- Cooper Tire & Rubber
- Affinia Group Inc.
- Delphi Corp.
- Johnson Controls
- Honeywell
- Mobile electronics manufacturers
- Clarion
- JVC
- Kenwood
- Panasonic
Retail Distribution
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- Overview of leading retailers
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- Figure 25: U.S. wholesale sales of automotive aftermarket accessories and specialty products, by channel, 1997 and 2004
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- Figure 26: Graph: Percentage of wholesale sales of automotive aftermarket accessories and specialty products, by channel, 2004
- Auto parts retailers
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- Figure 27: Total sales by auto parts, accessories and tire stores, at current and constant prices, 2001-06
- Automotive repair and maintenance shops
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- Figure 28: Sales by automotive repair and maintenance shops, 2000-04
- Figure 29: Leading automotive parts and accessories retail chains, by number of stores, 2005
- Figure 30: Major automotive parts and accessories retail chains, by sales, fiscal years 2003 and 2005
- Profiles of selected automotive parts and accessories retailers
- AutoZone Inc.
- Genuine Parts Company
- Advance Auto Parts Inc.
- The Pep Boys – Manny, Moe & Jack
- O’Reilly Automotive Inc.
- The International Group
- CSK Auto Inc.
- Uni-Select Inc.
- Fisher Auto Parts
- Replacement Parts Inc.
- Profiles of selected automotive parts and accessories program groups
- The AAM Group
- Aftermarket Auto Parts Alliance
- AIM/CMB Marketing
- Automotive Distribution Network
- Automotive Parts Associates Inc.
- CARQUEST Corporation
- Engine Pro/Engine Parts Groups Inc.
- Federated Auto Parts Distributors
- Independent Warehouse Distributors
- National Automotive Parts Association
- National Pronto Association
- TruStar
- Internet/mail order retailers
- Overview
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- Figure 31: Selected online retailers of automotive parts, by site traffic, July 2006
- Selected Internet/mail order supplier profiles
- Advanceautoparts.com
- AutoZone.com
- Autopartswarehouse.com
- JCWhitney.com
- Napaonline.com
- Oreillyauto.com
- PartsAmerica.com
- Rockauto.com
- SummitRacing.com
- Other Channels
- New vehicle dealers
- Honda
- Toyota
- Direct from manufacturer
- Mass merchandise/discount store chains
- Selected mass merchandiser/discount store chain profiles
- Best Buy
- Circuit City
- Costco
- Sears Holdings
- Wal-Mart
- Tire dealers
- Discount Tire Co.
- Les Schwab Tire Centers
- TBC Corp.
- Other channels
- Import auto parts stores
- Independent repair shops
- Speed shops and performance retailers
Future and Forecast
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- Future trends
- Automotive industry growth slows—light trucks, leasing added weights
- Vehicle design and OE competition threaten aftermarket growth
- Baby Boomers present a growth opportunity
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- Figure 32: American generations, 2000-10
- Legislation and regulation
- Market forecast
- Automobile aftermarket accessories and specialty products
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- Figure 33: Forecast of total U.S. sales of automobile aftermarket accessories and specialty products, at current and constant prices, 2006-11
- Figure 34: Graph: Forecast of total U.S. retail sales of aftermarket accessories and specialty products, at current and constant prices, 2006-11
- Automobile aftermarket accessories and appearance products
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- Figure 35: Forecast of U.S. sales of automobile aftermarket accessories and appearance products, at current and constant prices, 2006-11
- Automobile wheels, tires and suspension products
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- Figure 36: Forecast of U.S. sales of automobile wheels, tires and suspension products, at current and constant prices, 2006-11
- Automobile racing and performance products
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- Figure 37: Forecast of U.S. sales of automobile racing and performance products, at current and constant prices, 2006-11
- Forecast factors
Appendix: Trade Associations and Magazines
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