美国汽车零配件售后市场经销商AutoZone市场前景及投资研究报告-培训课件外文版2024.6

COMPANIES

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PRODUCTSAutoZoneCHAPTER

01OverviewEstimatedworldwidemotorvehicleproductionfrom2000to2023(inmillionvehicles)Worldwidemotorvehicleproduction2000-2023100959085807570656055502000

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20233Description:In2023,some94millionmotorvehicleswereproducedworldwide.Thisfiguretranslatesintoanincreaseofaround10percentcomparedwiththepreviousyear.China,Japan,andGermanywereamongthelargestproducersofcarsandcommercialvehicles.ReadmoreNote(s):Worldwide;2000to2023Source(s):OICANumberofcarssoldworldwidefrom2010to2023,witha2024forecast(inmillionunits)Annualcarsalesworldwide2010-2023,withaforecastfor202490807774.975.371.167.370605040302010066.763.82010-2019*201920202021202220232024**4Description:Worldwidecarsalesgrewtoaround75.3millionautomobilesin2023,upfromaround67.3millionunitsin2022.Throughout2020and2021,thesectorexperiencedadownwardtrendonthebackofaslowingglobaleconomy,whileCOVID-19andtheRussianwaronUkrainecontributedtoshortagesintheautomotivesemiconductorindustryandfurthersupplychaindisruptionsin2022.Despitethesechallenges,2023salessurpassedpre-pandemiclevelsandareforecasttokeeprisingthrough[...]

ReadmoreNote(s):Worldwide;2010to2023;*Annualaverages**Thisvalueisaforecast.Thevaluesfor2010through2019weretakenfromapreviousedition.ThevaluesincludelighttrucksalesinNorthAmericaand,beginningin2005,crossoverutility[...]

ReadmoreSource(s):Bloomberg;Scotiabank;Ward'sEstimatedsalesrevenueofthe10leadingglobalautomotivesuppliersfrom2016to2022(inmillioneuros)Top10globalautomotivesuppliersbasedonsales2016-2022400,000350,000346,196332,283325,963315,299308,058309,223300,000250,000200,000150,000100,00050,0000280,11720162017201820192020202120225Description:In2022,the10leadingglobalautomotivesuppliersgeneratedanestimated346billioneurosinsales.Thistranslatestoanincreaseofaroundtenpercentcomparedwiththepreviousyearwhenthecombinedglobalsalesofthe10leadingsuppliersamountedtosome315billioneuros.ReadmoreNote(s):Worldwide;2016to2022Source(s):AutomobilProduktion;BeryllsStrategyAdvisors;Varioussources(Annualreportsofcompanies)Revenueperformanceoftheglobalautosupplierindustryfrom2015to2022,basedonindexscoreGlobalautosuppliermarketsizebasedonindexscore2015-202214012012111411210910310210099100806040200201520162017201820192020202120226Description:Theglobalautosuppliermarketrevenueperformanceindexwasestimatedtobe121in2022comparedtothebaselineof100in2015.Thisrepresentsanincreaseof17indexpointscomparedto2021andthepeakintheobservedperiod.

ReadmoreNote(s):Worldwide;2015to2022Source(s):Lazard;RolandBerger;VarioussourcesAverageEBITmarginofautomotivesuppliersworldwidefrom2014to2022Globalautosupplierindustry'sEBITmargin2014-20229%8%7.7%7.5%7.4%7%6.8%7%6%5%4%3%2%1%0%5.3%5.1%4.6%3.2%2020201420152016201720182019202120227Description:Theestimatedearningsbeforeinterestandtaxes(EBIT)fortheworldwideautomotivesupplierindustryaveragedat4.6percentin2022.Autosuppliersaremanufacturersofgoodsthatareusedintheproductionofvehicles.

ReadmoreNote(s):Worldwide;2014to2022Source(s):Lazard;RolandBerger;VarioussourcesSizeoftheglobalautomotivetiremarketfrom2022to2027(inbillionU.S.dollars)Sizeoftheautomotivetiremarketworldwide2022-2027200180160176.22164.75154.02143.99134.6214012010080125.856040200202220232024*2025*2026*2027*8Description:Thesizeoftheglobalautomotivetiremarketisforecasttogrowbetween2022and2027.Whilethemarketwasvaluedatsome126billionU.S.dollarsin2022,itisexpectedtoreachthevalueofover176billionU.S.dollarsin2027.

ReadmoreNote(s):Worldwide;2022to2023Source(s):BRC;CHAPTER

02FinancialsAutoZone'snetsalesfromFY2010toFY2023(inmillionU.S.dollars)AutoZone'snetsales2010-202320,00018,00016,00014,00012,00010,0008,0006,0004,0002,00002010201120122013201420152016201720182019202020212022202310Description:Inthefiscalyearof2023,AutoZone'snetsalesamountedtoaround17.48billionU.S.dollars,anincreaseof7.4percentfromtheyear2022.AutoZoneisaleadingdistributorofautomotivereplacementpartsandaccessoriesinNorthAmerica.

ReadmoreNote(s):Worldwide;FY2010toFY2023;FY2023endsAugust26Source(s):AutoZoneAutoZone'soperatingprofitfromFY2010toFY2023(inmillionU.S.dollars)AutoZone'soperatingprofit2010-20234,0003,5003,0002,5002,0001,5001,00050002010201120122013201420152016201720182019202020212022202311Description:Intheyear2023,AutoZone'soperatingprofitamountedtoaround3.47billionU.S.dollars.Thisrepresentsanincreaseofaboutsixpercentcomparedwiththepreviousfiscalyear.AutoZoneisaleadingdistributorofautomotivereplacementpartsandaccessoriesinNorthAmerica.ReadmoreNote(s):Worldwide;FY2010toFY2023Source(s):AutoZoneAutoZone'snetincomefromFY2010toFY2023(inmillionU.S.dollars)AutoZone'snetincome2010-20233,0002,5002,0001,5001,00050002010201120122013201420152016201720182019202020212022202312Description:Inthefiscalyearof2023,AutoZone'snetincomeamountedto2.5billionU.S.dollars.Thisrepresentsanincreaseoffourpercentfromthepreviousfiscalyearandapeakinthecompany'sincomeintherecordedperiod.AutoZoneisaleadingdistributorofautomotivereplacementpartsandaccessoriesinNorthAmerica.ReadmoreNote(s):Worldwide;FY2010toFY2023Source(s):AutoZoneAutoZone'stotalassetsfromFY2010toFY2023(inmillionU.S.dollars)AutoZone'stotalassets2010-202318,00016,00014,00012,00010,0008,0006,0004,0002,00002010201120122013201420152016201720182019202020212022202313Description:Inthefiscalyearof2023,AutoZoneheldtotalassetstothevalueofaround15.99billionU.S.dollars.Thisrepresentsanincreaseof4.7percentcomparedtothepreviousfiscalyear.AutoZoneisaleadingdistributorofautomotivereplacementpartsandaccessoriesinNorthAmerica.ReadmoreNote(s):Worldwide;FY2010toFY2023Source(s):AutoZoneAutoZone'soperating,selling,generalandadministrativeexpensesfromFY2010toFY2023(inmillionU.S.dollars)AutoZone'soperating,SG&Aexpenses2010-20236,0005,0004,0003,0002,0001,00002010201120122013201420152016201720182019202020212022202314Description:Inthefiscalyearof2023,AutoZone'soperating,selling,general,andadministrativeexpensesreachedabout5.6billionU.S.dollars.Thisrepresentsthepeakinoperating,SG&Aexpensesofthecompanyintherecordedperiod.AutoZoneisaleadingdistributorofautomotivereplacementpartsandaccessoriesinNorthAmerica.ReadmoreNote(s):Worldwide;FY2010toFY2023Source(s):AutoZoneNumberofAutoZoneemployeesfromFY2010toFY2023(in1,000s)AutoZone-numberofemployees2010-2023140120119112105100961008060402008987848176717065632010201120122013201420152016201720182019202020212022202315Description:Inthefiscalyearof2023,AutoZonereportedanumberofemployeesofsome119,000people,upby7,000fromthepreviousfiscalyear.Thisrepresentsapeakintherecordedperiod.ThenumberofemployeesofAutoZonesteadilyincreasedbetween2010and2023.ReadmoreNote(s):Worldwide;FY2010toFY2023Source(s):AutoZoneCHAPTER

03SegmentsAutoZone'snetsalesfromFY2019toFY2023,bysegment(inmillionU.S.dollars)AutoZone'snetsalesbysegment2019-2023AutoPartStoresOther20,00018,00016,00014,00012,00010,0008,0006,0004,0002,00002019202020212022202317Description:Inthefiscalyearof2023,AutoZone'snetsalesamountedto17.46billionU.S.dollars,98percentofwhichwasaccountedforbythenetsalesfromtheAutoPartStoressegment.AutoZoneisaleadingdistributorofautomotivereplacementpartsandaccessoriesinNorthAmerica.ReadmoreNote(s):Worldwide;FY2019toFY2023;FY2023endsAugust26Source(s):AutoZoneAutoZone'snetsalesinitsAutoPartStoressegmentfromFY2019toFY2023,byproductcategory(inmillionU.S.dollars)NetsalesofAutoZone'sAutoPartStoresbyproductgrouping2019-2023FailureMaintenanceitemsDiscretionary20,00018,00016,00014,00012,00010,0008,0006,0004,0002,00002019202020212022202318Description:Inthefiscalyearof2023,AutoPartsStoresnetsalesamountedto17.15billionU.S.dollars,anincreaseofnearly7.5percentfromthepreviousfiscalyear.MorethansixbillionU.S.dollarsweregeneratedbysellingproductsbelongingtotheMaintenanceitemsproductcategory.ReadmoreNote(s):Worldwide;FY2019toFY2023;FY2023endsAugust,26.Source(s):AutoZoneAutoZone'saveragenetsalesperstorefromFY2010toFY2023(in1,000U.S.dollars)AutoZone-netsalesperstoresquare2010-20233,0002,5002,0001,5001,00050002010201120122013201420152016201720182019202020212022202319Description:Inthefiscalyearof2023,theaveragenetsalesperstoreofAutoZoneamountedtonearly2.44millionU.S.dollars,anincreaseofroughlyfivepercentfromthepreviousfiscalyear.TheaveragenetsalesperstoreofAutoZoneincreaseabout53percentintherecordedperiod.ReadmoreNote(s):Worldwide;FY2010toFY2023Source(s):AutoZoneAutoZone'sstorecountfromFY2010toFY2023AutoZone-numberofstores2010-20238,0007,1406,9436,7677,0006,5496,4116,2026,0295,8146,0005,0004,0003,0002,0001,00005,5895,3915,2015,0064,8134,6272010201120122013201420152016201720182019202020212022202320Description:Inthefiscalyearof2023,AutoZoneoperatedmorethan7,100stores.ThemajorityofthestoreswerelocatedintheUnitedStates.ReadmoreNote(s):FY2010toFY2023Source(s):AutoZoneAutoZone'sstorecountinFY2023,bycountryAutoZone-numberofstoresbycountry2023Numberofstores01,0002,0003,0004,0005,0006,0007,000UnitedStates*Mexico6,300740Brazil10021Description:Inthefiscalyearof2023,AutoZoneoperated6,300storesintheUnitedStates,upby132fromthepreviousfiscalyear.Moreover,thisretailerofaftermarketautomotivepartsandaccessorieshad37morestoresinMexicoand28morestoresinBrazilfromthefiscalyearof2022.AutoZoneisaleadingdistributorofautomotivereplacementpartsandaccessoriesinNorthAmerica.ReadmoreNote(s):Worldwide;FY2023Source(s):AutoZoneCHAPTER

04CompetitorsSelectedNorthAmericanautomotivesuppliersin2022,basedonOEMautomotivepartssales(inmillionU.S.dollars)NorthAmerica-selectedautomotivesuppliersbasedonnetsales2022SalesinmillionU.S.dollars05,00010,00015,00020,00025,00030,00035,00040,00037,840MagnaInternationalInc.LearCorp.20,892TennecoInc.BorgWarnerInc.Adient16,63214,52614,121DanaInc.10,156Flex-N-GateCorp.8,36223Description:In2022,MagnaInternationalrankedfirstbasedonrevenueamongNorthAmerica-basedOEMautomotivesuppliers.Thecompanyreportedsalesofaround37.8billionU.S.dollarsthatyear.LearCorp.andAdientrankedsecondandthirdwithrevenuesofsome20.9billionU.S.dollarsand16.6billionU.S.dollars,respectively.ReadmoreNote(s):NorthAmerica;2022Source(s):AutomotiveNewsGlobalsalesofMagnaInternationalInc.fromFY2011toFY2022(inbillionU.S.dollars)MagnaInternationalInc.-globalsales2011-20224540.8339.4338.954037.8436.3336.4536.2434.38353025201510532.6532.1330.4328.3020112012201320142015201620172018201920202021202224Description:MagnaInternationalInc.producedglobalsalesof37.84billionU.S.dollarsinthe2022fiscalyear.Thisrepresentsanincreaseofaroundfourpercentcomparedwiththepreviousyear.Inthe2022fiscalyear,salestoautomanufacturersinNorthAmericaaccountedforabout50percentofMagna'ssales.ReadmoreNote(s):Worldwide;FY2011toFY2022Source(s):MagnaLearCorporation'snetsalesfromFY2016andFY2023(inmillionU.S.dollars)LearCorporation'snetsales2016-202325,00020,00023,466.921,148.520,891.520,46719,810.319,263.118,557.617,045.515,00010,0005,00002016201720182019202020212022202325Description:Inthe2023fiscalyear,LearCorporationgeneratedalmost23.5billionU.S.dollarsinnetsales.Thisrepresentedanincreaseofsome12percentcomparedwiththepreviousfiscalyearwhenthecompanyreportedreachingnetsalesofnearly20.9billionU.S.dollars.ReadmoreNote(s):Worldwide;FY2016andFY2023;fiscalyearendsDecember31.Source(s):LearCorporationAdient'snetsalesbetweenFY2016andFY2023(inmillionU.S.dollars)NetsalesofAdient2016-202320,00017,43918,00016,00014,00012,00010,0008,0006,0004,0002,000016,79016,52616,21315,39514,12113,68012,6702016201720182019202020212022202326Description:AdientPlcgeneratednetsalesofaround15.4billionU.S.dollarsinthe2023fiscalyear.Thisrepresentsanincreaseofsomeninepercentyear-on-year.AdientPlcisanIrishautomotiveseatandcomponentsupplier.

ReadmoreNote(s):Worldwide;FY2016toFY2023Source(s):AdientTenneco'snetsalesfromFY2008toFY2021(inmillionU.S.dollars)Tenneco'snetsales2008-202120,00018,03517,45018,00016,00014,00012,00010,0008,0006,0004,0002,000015,37911,7639,2748,5978,3828,1807,9647,36320127,20520115,91620085,93720104,649200920132014201520162017201820192020202127Description:Tennecogeneratedsome18billionU.S.dollarsinnetsalesinthe2021fiscalyear.Thisrepresentsanincreaseofaround17percentcomparedwiththepreviousfiscalyear.Tennecoisoneoftheworld’slargestdesigners,manufacturers,andmarketersofcleanairandrideperformanceproducts.ReadmoreNote(s):Worldwide;FY2008toFY2021Source(s):TennecoBorgWarner'snetsalesfromFY2009toFY2023(inmillionU.S.dollars)BorgWarner'snetsales2009-202318,00015,80116,00014,00012,00010,0008,0006,0004,0002,000014,83814,19810,529.610,16810,1659,799.39,0718,305.18,023.27,436.67,114.77,183.25,652.820103,961.820092011201220132014201520162017201820192020202120222023*28Description:Inthefiscalyearof2023,BorgWagnergeneratednetsalesofaround14.2billionU.S.dollars.Thecompanyfinishedaspin-offofseveralofitssegmentsin2023,leadingtoafewerreportablesegmentsandthuslowernetsales.BorgWarnerInc.isaU.S.-basedsupplierofcomponentsandpartstotheglobalautomotiveindustry.ReadmoreNote(s):Worldwide;FY2009toFY2023Source(s):BorgWarnerO'ReillyAutomotiveInc.'ssalesrevenuefromFY2004toFY2023(inbillionU.S.dollars)O'Reilly