[Ranking] TOP 25 Auto Parts Retail / Retail Companies Q3/2023
Intro
The Auto Parts Retail industry plays a crucial role in the worldwide economy, providing essential products and services for the automotive sector. With a strong presence in both online and brick-and-mortar stores, auto parts retailers serve a wide range of customers, including individual car owners, repair shops, and commercial fleets.
The influence of the auto parts retail industry extends far beyond just selling car components. It supports the entire automotive ecosystem, impacting sectors such as manufacturing, transportation, and aftermarket services. As vehicles continue to evolve with advanced technologies, the demand for high-quality auto parts remains constant, fueling the growth of the industry.
Driven by the increasing number of vehicles on the road and the need for maintenance and repairs, the auto parts retail industry has experienced significant economic growth. The global market size is expected to reach a substantial value in the coming years, propelled by the rise in vehicle ownership, urbanization, and the growing popularity of e-commerce platforms.
Recent trends in the auto parts retail industry include the integration of online sales channels, the adoption of advanced inventory management systems, and the focus on providing excellent customer experiences. Breakthroughs in technology, such as the rise of electric vehicles and the development of autonomous driving systems, present both challenges and opportunities for the industry.
The auto parts retail industry is a dynamic and ever-changing landscape, influenced by market forces, consumer preferences, and technological advancements. Understanding the top companies in this sub-industry is essential for analyzing the industry's overall performance, identifying trends, and gaining insights into the competitive landscape.
Ranking
#25 Parts Authority LLC
Employees: 2K
Revenue: 500M$
Website: https://www.partsauthority.com
Description: Parts Authority LLC is a leading auto parts retailer based in New York, United States. Since its founding in 1972, the company has established itself as a trusted provider of high-quality auto parts and accessories. With a workforce of approximately 2,000 employees, Parts Authority operates a vast network of retail stores, serving both professional mechanics and do-it-yourself car enthusiasts. The company offers an extensive range of products, including engine components, brakes, electrical parts, and much more. Parts Authority's commitment to customer satisfaction and its extensive inventory have made it a go-to destination for auto parts in the industry. With annual revenue reaching 500 million dollars, Parts Authority continues to expand its presence and deliver exceptional service to its customers.
#24 Monro, Inc.
Employees: 7.6K
Revenue: 1.1B$
Website: https://www.monro.com
Description: Monro, Inc. is a leading auto parts retail company based in Rochester, United States. With headquarters in North America, Monro operates a vast network of stores across the country, offering a wide range of auto parts and accessories. Founded in 1957, the company has grown to become a prominent player in the retail industry, providing high-quality products and exceptional customer service. Monro employs approximately 7,600 employees, who are dedicated to meeting the needs of customers and providing expert advice on auto parts. With annual revenue of 1.1 billion dollars, Monro continues to expand its presence in the auto parts retail sector, delivering reliable and affordable solutions for vehicle maintenance and repair.
#23 Pep Boys - Manny, Moe & Jack
Employees: 17K
Revenue: 2.7B$
Website: https://www.pepboys.com
Description: Pep Boys - Manny, Moe & Jack is a well-known company in the Auto Parts Retail industry. Headquartered in Philadelphia, United States, Pep Boys has been serving customers since its founding in 1921. With a workforce of approximately 17,000 employees, the company operates a vast network of stores offering a wide range of automotive products and services. Pep Boys is widely recognized for its expertise in auto parts, tires, and accessories, catering to both DIY enthusiasts and professional mechanics. The company has achieved significant revenue growth, generating around 2.7 billion dollars in annual sales. With its longstanding presence and commitment to customer satisfaction, Pep Boys continues to be a leading player in the auto parts retail sector.
#22 Sonic Automotive, Inc.
Employees: 8.5K
Revenue: 4.3B$
Website: https://www.sonicautomotive.com
Description: Sonic Automotive, Inc. is a prominent player in the Auto Parts Retail industry. Headquartered in Charlotte, United States, Sonic Automotive operates primarily in North America. Founded in 1997, the company has grown to employ approximately 8,500 individuals. With annual revenues of 4.3 billion dollars, Sonic Automotive is a major contributor to the retail segment. The company's website, https://www.sonicautomotive.com, provides customers with a comprehensive platform to browse and purchase auto parts. Sonic Automotive's commitment to customer satisfaction and quality products positions them as a leading player in the Auto Parts Retail industry.
#21 Asbury Automotive Group, Inc.
Employees: 8.5K
Revenue: 7.2B$
Website: https://www.asburyauto.com
Description: Asbury Automotive Group, Inc. is a leading player in the Auto Parts Retail industry. Headquartered in Duluth, United States, Asbury Automotive operates numerous automotive dealerships and collision repair centers across North America. The company offers a wide range of automotive products and services, including new and used vehicle sales, vehicle maintenance and repair, and automotive financing. Asbury Automotive prides itself on delivering exceptional customer experiences and has built a strong reputation for its high-quality products and services. With a workforce of approximately 8,500 employees, the company generates an impressive annual revenue of 7.2 billion dollars.
#20 O'Reilly Automotive, Inc.
Employees: 80K
Revenue: 10B$
Website: https://www.oreillyauto.com/
Description: O'Reilly Automotive, Inc. is a leading player in the Auto Parts Retail industry, operating primarily in North America. With its headquarters located in Springfield, United States, the company has established itself as a trusted supplier of automotive aftermarket parts, tools, supplies, equipment, and accessories. Since its founding in 1957, O'Reilly Automotive has grown to become a major retailer, serving both professional service providers and do-it-yourself customers. The company boasts a workforce of approximately 80,000 employees, who contribute to its success in generating annual revenue of around 10 billion US dollars. O'Reilly Automotive's commitment to customer satisfaction, extensive product range, and convenient store locations make it a top choice for automotive enthusiasts and professionals alike.
#19 Genuine Parts Company
Employees: 50K
Revenue: 10B$
Website: https://www.genpt.com
Description: Genuine Parts Company operates in the Auto Parts Retail industry. Headquartered in Atlanta, United States, the company was founded in 1928. With a workforce of 50,000 employees, Genuine Parts Company is a major player in the industry. The company generates annual revenue of 10 billion dollars. Genuine Parts Company is focused on providing high-quality automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials. They serve a wide range of customers including automotive repair shops, industrial facilities, government entities, and businesses. Genuine Parts Company is committed to delivering exceptional customer service and maintaining strong relationships with suppliers to ensure a reliable supply chain.
#18 Advance Auto Parts, Inc.
Employees: 74K
Revenue: 10B$
Website: https://shop.advanceautoparts.com/
Description: Advance Auto Parts, Inc. is a leading retailer in the Auto Parts Retail industry. With its headquarters in Raleigh, United States, the company operates primarily in North America. Founded in 1932, Advance Auto Parts has grown to become a significant player in the industry. The company employs approximately 74,000 individuals, demonstrating its commitment to providing employment opportunities. Advance Auto Parts generates an impressive revenue of 10 billion dollars, showcasing its strong financial performance. With a focus on delivering quality automotive parts and accessories, Advance Auto Parts continues to serve customers in the retail sector, catering to their automotive needs and ensuring customer satisfaction.
#17 Tractor Supply Company
Employees: 35K
Revenue: 10B$
Website: https://www.tractorsupply.com
Description: Tractor Supply Company, headquartered in Brentwood, United States, is a leading player in the Auto Parts Retail industry. Founded in 1938, the company has grown to become a major retailer of agricultural, construction, and recreational equipment and supplies. With a workforce of 35,000 employees, Tractor Supply Company operates a vast network of stores across North America, serving the needs of farmers, ranchers, and outdoor enthusiasts. The company generates an impressive annual revenue of 10 billion dollars, solidifying its position as a key player in the retail industry. With its extensive product range and commitment to customer satisfaction, Tractor Supply Company continues to thrive in the competitive auto parts retail market.
#16 LKQ Corporation
Employees: 45K
Revenue: 11.2B$
Website: https://www.lkqcorp.com/
Description: LKQ Corporation is a prominent player in the Auto Parts Retail industry. Founded in 1998 and headquartered in Nashville, United States, the company operates globally. With approximately 45,000 employees, LKQ Corporation specializes in the distribution and marketing of aftermarket parts and recycled OEM automotive products. The company offers a comprehensive range of replacement systems, components, and parts for cars, trucks, and recreational vehicles. LKQ Corporation serves repair shops, collision centers, vehicle owners, and other customers in North America, Europe, and other markets. With annual revenue of 11.2 billion dollars, LKQ Corporation has established itself as a leading supplier of automotive parts in the industry.
#15 Group 1 Automotive, Inc.
Employees: 15.7K
Revenue: 11.6B$
Website: https://www.group1auto.com
Description: Group 1 Automotive, Inc. is a leading player in the Auto Parts Retail industry. Headquartered in Houston, United States, the company was founded in 1995. With a workforce of approximately 15,700 employees, Group 1 Automotive operates a successful chain of retail stores that offer a wide range of auto parts to customers. The company has established a strong presence in the industry and has achieved substantial revenue growth, with annual revenues reaching 11.6 billion dollars. Group 1 Automotive is known for its commitment to providing high-quality auto parts and excellent customer service, making it a trusted choice for customers in need of automotive products.
#14 Lithia Motors, Inc.
Employees: 16K
Revenue: 12B$
Website: https://www.lithia.com/
Description: Lithia Motors, Inc., headquartered in Medford, United States, is a leading player in the Auto Parts Retail industry. Founded in 1946, the company has grown to become one of the largest automotive retailers in the United States. With a workforce of approximately 16,000 employees, Lithia Motors operates a vast network of dealerships across the country, offering a wide range of automotive products and services. The company's revenue stands at an impressive 12 billion US dollars, a testament to its strong market presence and customer demand. Lithia Motors is committed to providing exceptional customer experiences and delivering high-quality auto parts to meet the needs of car enthusiasts and consumers in the ever-evolving automotive industry.
#13 AutoZone, Inc.
Employees: 90K
Revenue: 14B$
Website: https://www.autozone.com
Description: AutoZone, Inc. is a leading player in the Auto Parts Retail industry, operating primarily in North America. Headquartered in Memphis, United States, the company was founded in 1979. With approximately 90,000 employees, AutoZone serves as a one-stop-shop for automotive parts and accessories, catering to both retail customers and professional mechanics. The company's extensive product range includes batteries, brakes, filters, fluids, and more. AutoZone operates through a vast network of stores, offering customers the convenience of in-store shopping and online ordering for home delivery or in-store pickup. With annual revenue reaching 14 billion dollars, AutoZone has established itself as a trusted brand in the auto parts retail sector, providing quality products and exceptional customer service.
#12 CarMax, Inc.
Employees: 25K
Revenue: 17B$
Website: https://www.carmax.com
Description: CarMax, Inc., headquartered in Richmond, United States, is a prominent player in the Auto Parts Retail industry. Founded in 1993, the company has grown to employ approximately 25,000 individuals. With annual revenues reaching 17 billion USD, CarMax operates as one of the leading retailers of used cars and associated automotive services in North America. The company offers a wide selection of vehicles, providing customers with a convenient and transparent car buying experience. Through its extensive network of stores, CarMax offers a range of automotive parts and accessories, catering to the demands of car enthusiasts and DIY mechanics. With a strong online presence and a commitment to customer satisfaction, CarMax continues to thrive in the competitive Auto Parts Retail market.
#11 Best Buy Co., Inc.
Employees: 120K
Revenue: 47.2B$
Website: https://www.bestbuy.com/
Description: Best Buy Co., Inc. is a leading retailer in the Auto Parts Retail industry. Headquartered in Richfield, United States, Best Buy was founded in 1966. With approximately 120,000 employees, the company operates a vast network of stores that offer a wide range of auto parts and accessories to customers. Best Buy is known for its extensive selection of quality products and exceptional customer service. The company has experienced significant growth over the years and has achieved a revenue of 47.2 billion dollars. Best Buy continues to innovate and adapt to the evolving needs of the auto parts retail market, maintaining its position as a top player in the industry.
#10 Target Corporation
Employees: 360K
Revenue: 86B$
Website: https://www.target.com
Description: Target Corporation is a leading player in the Auto Parts Retail industry. Headquartered in Minneapolis, United States, Target operates primarily in North America. The company was founded in 1902 and currently employs approximately 360,000 individuals. With annual revenues of 86 billion dollars, Target has established itself as a major player in the retail industry. Target offers a wide range of auto parts products to its customers, catering to both individual consumers and businesses. The company's commitment to quality, affordable pricing, and a seamless shopping experience has contributed to its success in the auto parts retail sector.
#9 Lowe's Companies, Inc.
Employees: 300K
Revenue: 90B$
Website: https://www.lowes.com
Description: Lowe's Companies, Inc. is a prominent player in the Auto Parts Retail industry. Headquartered in Mooresville, United States, Lowe's operates primarily in North America. The company was founded in 1946 and has grown significantly since then. With a workforce of approximately 300,000 employees, Lowe's is dedicated to providing quality auto parts and accessories to its customers. The company's revenue stands at an impressive 90 billion dollars. Lowe's prides itself on offering a wide range of auto parts, ensuring that customers can find the products they need for their vehicles. Through its website and brick-and-mortar stores, Lowe's continues to serve the auto parts retail market and meet the needs of car enthusiasts and professionals alike.
#8 Kroger Co.
Employees: 500K
Revenue: 132B$
Website: https://www.kroger.com
Description: Kroger Co. is a leading player in the Auto Parts Retail industry. Headquartered in Cincinnati, United States, the company operates numerous retail stores across North America. With a rich history dating back to 1883, Kroger Co. has established itself as a trusted provider of auto parts and accessories. The company employs approximately 500,000 individuals, making it one of the largest employers in the industry. Kroger Co. generates significant revenue, with an estimated annual revenue of 132 billion dollars. Its commitment to quality products, competitive pricing, and exceptional customer service has contributed to its success and prominence in the Auto Parts Retail sector.
#7 The Home Depot, Inc.
Employees: 413K
Revenue: 132.1B$
Website: https://www.homedepot.com
Description: The Home Depot, Inc., headquartered in Atlanta, United States, is a leading player in the Auto Parts Retail industry. Since its founding in 1978, the company has grown to become the largest home improvement retailer in the United States. With a workforce of 413,000 employees, The Home Depot operates numerous retail stores across North America, offering a wide range of home improvement products, tools, construction materials, and automotive parts. The company's revenue in 2020 reached an impressive 132.1 billion dollars. With its comprehensive product offerings and a strong presence in the retail industry, The Home Depot continues to be a trusted destination for DIY enthusiasts and professional contractors alike.
#6 Alphabet Inc.
Employees: 135K
Revenue: 136B$
Website: https://abc.xyz/
Description: Alphabet Inc., headquartered in Mountain View, United States, is a leading player in the Auto Parts Retail industry. Founded in 2015, the company has quickly established itself as a major player in the market. With a workforce of approximately 135,000 employees, Alphabet Inc. operates with a focus on providing high-quality auto parts to customers worldwide. The company generates an impressive annual revenue of 136 billion dollars, making it one of the top performers in the industry. Through its strong online presence and strategic partnerships, Alphabet Inc. continues to expand its market share and solidify its position as a key player in the Auto Parts Retail industry.
#5 Walgreens Boots Alliance, Inc.
Employees: 440K
Revenue: 139.5B$
Website: https://www.walgreensbootsalliance.com
Description: Walgreens Boots Alliance, Inc. is a leading player in the Auto Parts Retail industry. Headquartered in Deerfield, United States, the company operates a vast network of retail pharmacies and health centers across North America. With a strong focus on providing essential health and wellness products, Walgreens Boots Alliance serves millions of customers every day. The company was founded in 2014 through the merger of Walgreens and Alliance Boots, bringing together their expertise in retail pharmacy and pharmaceutical distribution. With a workforce of approximately 440,000 employees, Walgreens Boots Alliance generates significant revenue of 139.5 billion US dollars, establishing itself as a key player in the Auto Parts Retail industry.
#4 Costco Wholesale Corporation
Employees: 273K
Revenue: 166B$
Website: https://www.costco.com
Description: Costco Wholesale Corporation, headquartered in Issaquah, United States, is a leading player in the Auto Parts Retail industry. Since its founding in 1983, Costco has grown to become a major retailer of auto parts in North America. With a workforce of approximately 273,000 employees, the company operates numerous warehouse clubs where customers can find a wide range of auto parts at affordable prices. Costco's revenue in the industry is reported to be around 166 billion dollars. They offer a diverse selection of high-quality auto parts and accessories, catering to the needs of both individual customers and commercial businesses. Through their online platform and physical stores, Costco continues to provide excellent service and value to car owners and mechanics alike.
#3 CVS Health Corporation
Employees: 300K
Revenue: 268B$
Website: https://www.cvshealth.com/
Description: CVS Health Corporation, headquartered in Woonsocket, United States, is a leading player in the Auto Parts Retail industry. Established in 1963, the company has a workforce of approximately 300,000 employees. With a revenue of 268 billion USD, CVS Health Corporation operates a vast network of retail stores across North America, offering a wide range of auto parts and accessories to customers. The company's commitment to quality and customer satisfaction has made it a trusted name in the retail industry. Through its website, customers can conveniently browse and purchase auto parts, benefiting from the company's extensive inventory and competitive prices. CVS Health Corporation continues to expand its presence and innovate in the auto parts retail sector, catering to the needs of car enthusiasts and professionals alike.
#2 Amazon.com, Inc.
Employees: 1.3M
Revenue: 386B$
Website: https://www.amazon.com
Description: Amazon.com, Inc. is a leading player in the Auto Parts Retail industry. Headquartered in Seattle, United States, the company was founded in 1994. With a workforce of approximately 1.3 million employees, Amazon operates a vast online platform that offers a wide range of auto parts to customers worldwide. The company's website, https://www.amazon.com, serves as a convenient marketplace for individuals and businesses alike to purchase auto parts for various vehicle models. Amazon's extensive inventory, competitive pricing, and efficient delivery services make it a popular choice among consumers in the auto parts retail sector. In 2020, the company generated a revenue of 386 billion US dollars, solidifying its position as a dominant force in the industry.
#1 Walmart Inc.
Employees: 2.2M
Revenue: 523B$
Website: https://www.walmart.com
Description: Walmart Inc., headquartered in Bentonville, United States, is a major player in the Auto Parts Retail industry. With a history dating back to 1962, Walmart has grown to become one of the largest retailers in the world. The company employs approximately 2.2 million people globally, making it a significant employer in the industry. Walmart's revenue in the most recent fiscal year reached 523 billion US dollars, reflecting its dominance in the market. Through its extensive network of stores and e-commerce platform, Walmart offers a wide range of auto parts and accessories to its customers, meeting their diverse needs. With its strong presence and competitive pricing, Walmart continues to be a key player in the Auto Parts Retail industry.
Summary
In the highly competitive sub-industry of Auto Parts Retail, several companies have emerged as leaders and achieved significant accomplishments. These top companies have managed to establish a strong presence in the market and have consistently performed well in terms of revenue and customer satisfaction. With a focus on providing high-quality auto parts and exceptional customer service, these companies have garnered a loyal customer base.
One unexpected finding during the analysis was the increasing importance of e-commerce in the auto parts retail industry. Many of the top companies have successfully embraced online sales strategies and have seen considerable growth in their online revenue. This highlights the changing dynamics of the industry and the need for companies to adapt to the digital landscape.
Among the premier companies in the Auto Parts Retail sub-industry, some notable names include AutoZone, Advance Auto Parts, and O'Reilly Automotive. These companies have consistently ranked high in terms of revenue and market share.
A common element that drives the prosperity of these leading firms is their focus on providing a wide range of auto parts and accessories. These companies understand the importance of offering a comprehensive selection to cater to the diverse needs of their customers. Additionally, they have established strong relationships with suppliers, ensuring a steady supply of high-quality parts.
What sets these eminent companies apart from their industry rivals is their commitment to customer service. They go above and beyond to provide exceptional service, whether it's assisting customers in finding the right part or offering guidance on installation. This dedication to customer satisfaction has helped them build trust and loyalty among their customer base.