Establishments primarily engaged in the wholesale distribution of motor vehicle supplies, accessories, tools, and equipment; and new motor vehicle parts.
The motor vehicle supplies and new parts industry (NAICS 5013) is experiencing several notable qualitative trends. One significant trend is the growing integration of advanced technologies and smart automotive parts due to increasing consumer demand for connected and electric vehicles. Manufacturers are investing in the development of innovative parts that enhance vehicle performance, safety, and connectivity. This includes advancements in battery technologies, electric drivetrains, and autonomous driving components.
Sustainability and eco-friendliness are also pivotal trends shaping the industry. Companies are adopting greener manufacturing processes and producing parts that contribute to reduced emissions and higher fuel efficiency. The rising regulatory pressures worldwide on lowering carbon footprints are driving this shift.
The aftermarket segment of motor vehicle supplies is seeing a surge in e-commerce platforms, making it easier for consumers to purchase parts online. This has led to increased competition among suppliers, encouraging better customer service and faster delivery times.
Looking ahead, the market is forecast to grow due to the consistent increase in vehicle production and the aging vehicle fleet, which boosts the demand for replacement parts. Additionally, as electric vehicles gain more market share, the demand for specialized parts and supplies tailored for EVs is expected to rise substantially.
The industry is also likely to witness consolidation as companies seek to leverage economies of scale and enhance their market positions through mergers and acquisitions. This consolidation may lead to more efficient supply chains and diverse product offerings, benefiting both businesses and consumers.
Automobile engine testing equipment electrical-wholesale
Automobile glass-wholesale
Automobile service station equipment-wholesale
Automotive accessories-wholesale
Automotive engines, new-wholesale
Automotive parts, new-wholesale
Automotive stampings-wholesale
Automotive supplies-wholesale
Batteries, automotive-wholesale
Engine electrical equipment, automotive-wholesale
Garage service equipment-wholesale
Hardware, automotive-wholesale
Motorcycle parts-wholesale
Pumps, measuring and dispensing: gasoline and oil-wholesale
Seat belts, automotive-wholesale
Seat covers, automotive-wholesale
Service station equipment, automobile-wholesale
Testing equipment, electrical: automotive-wholesale
Tools and equipment, automotive-wholesale
Wheels, motor vehicle: new-wholesale
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