Motor vehicle parts sellers market in the United Kingdom to grow 1.9% CAGR between 2014-19
Motor Vehicle Parts Sellers in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-18 21:21:03
In a recession, motor vehicle parts sellers tend to fare better than other companies in the automotive sector because motorists have to buy essential parts.
However, the industry has still encountered some problems over the past five years. Revenue dropped substantially in 2009-10 due to consumers putting off large purchases. Since then, it has grown erratically, recording a significant improvement in 2011-12 but much lower figures in other years. Over the five years through 2013-14, industry revenue is expected to decline at a compound annual rate of 1.1% and reach Â£5.9 billion.
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