Advance Auto Parts is a leading automotive aftermarket parts provider with more than 5,600 locations in the U.S., Puerto Rico, Canada, and the Virgin Islands.
Although Advance Auto Parts is one of the most successful automotive retailers, it competes with several companies within the same industry. So which companies are some of its biggest competitors? Let’s take a look!
Advance Auto Parts’ Competitors in 2023
Advance Auto Parts’ biggest competitors include AutoZone, O’Reilly Auto Parts, Pep Boys, NAPA, and LKQ Corporation in 2023. These companies deal in similar products and services as Advance Auto Parts and have a huge number of stores. Additionally, general retailers like Walmart and Amazon have also become competitors for Advance Auto Parts because they sell auto parts and accessories.
Read on for more information about Advance Auto Parts’ competitors and how they stack up against each other!
AutoZone is Advance Auto Parts’ biggest competitor because it sells identical parts accessories and provides its customers with trustworthy advice.
Just like with Advance Auto Parts, car owners can get all types of replacement parts, chemicals, and accessories from AutoZone.
AutoZone is the largest auto parts and accessories retailer and distributor in the United States.
The company operates over 6,000 stores in the U.S., Puerto Rico, Brazil, and Mexico. In the 2021 fiscal year, AutoZone’s net income peaked at approximately “.2 billion.
2. O’Reilly Auto Parts
O’Reilly Auto Parts was established in 1957 and currently has 5,759 stores across the U.S. and an additional 25 ORMA stores in Mexico.
O’Reilly competes with Advance Auto Parts because it offers identical products and services.
Therefore, you can get auto parts, accessories, equipment, and professional auto services in both stores.
Compared to Advance Auto Parts, O’Reilly Auto Parts employs more people in its stores, with the numbers currently standing at 81,000 employees.
This allows the company to serve more customers and compete effectively.
O’Reilly generated a revenue of .6 billion in 2020, which was an increase in revenue thanks to sales and professional service customers.
3. NAPA Auto Parts
NAPA Auto Parts or the National Automotive Parts Association is also one of the largest distributors and retailers of automotive products.
NAPA Auto Parts can effectively compete with Advance Auto Parts because it has 6,000 stores across the U.S., which provide different services and products to its customers.
In addition, customers can get different types of deals, reward programs, and repair services at NAPA, just like at Advance Auto Parts.
Financial reports show that NAPA Auto Parts’ estimated annual revenue is $2.1 billion per year.
4. Pep Boys
Pep Boys is a major competitor for Advance Auto Parts because it also sells different types of aftermarket auto parts, including batteries and tires.
Having been in existence since 1921, Pep Boys now has 1,000 locations in the U.S. and Puerto Rico and 9,000 service bays.
Therefore, the company has a nationwide footprint like Advance Auto Parts. Additionally, Pep Boys have extra services than Advance Auto Parts, allowing them to compete effectively.
Pep Boys sells automotive parts and provides car maintenance, repair services, towing services, and fleet maintenance to customers across the country.
As of 2021, Pep Boys’ annual revenue stood at $2.1 billion from the sale of services and products.
5. LKQ Corporation
LKQ Corporation is one of the leading providers of alternative and specialty parts if you need repairs and accessories for your vehicle.
This company competes with Advance Auto Parts because it specializes in a range of aftermarket parts, replacement systems, equipment, components, and repair services.
These services are provided for trucks, performance, and recreational vehicles.
Established in 1998, LKQ now has over 51,000 employees worldwide in over 1,700 locations in 31 countries.
This retailer has operations in North America, Europe, and Taiwan.
In the fourth quarter of 2021, LKQ revenue stood at $3.2 billion.
6. Parts Authority
Parts Authority started in 1973 and has grown to become one of the leading distributors of replacement parts, tools, and equipment. Its revenue stands at over $500 million.
With a catalog of 3 million parts, it competes with Advance Auto Parts in selling aftermarket auto parts and accessories.
In addition, the company has more than 3,000 shops across the country for road assistance under the Pronto program.
RockAuto is an online retailer that ships auto parts from more than 300 manufacturers to customers.
Since RockAuto does this on a larger scale and at warehouse prices, it poses a threat to Advance Auto Parts, which also ships products if you shop online.
On average, RockAuto generates $34.56 million in sales.
As the largest E-commerce platform globally, Amazon is an indirect competitor to Advance Auto Parts.
With more than 175 fulfillment centers, Amazon sells different types of auto parts and accessories.
Amazon made net sales worth 9.82 billion in 2021, with most of it coming in from international sales and shipping; therefore, Amazon competes against Advance Auto Parts.
Although Walmart does not specialize in selling auto parts and accessories, it has a department that deals in these items.
This American multinational operates several hypermarkets across the U.S with about 10,500 stores and clubs under 48 banners across 24 countries and eCommerce websites.
Apart from selling a wide range of auto parts and accessories, Walmart also offers different auto services as Advance Auto Parts does.
Walmart brings in a high revenue each compared to most stores. In 2020, the annual revenue stood at $559 billion.
Advance Auto Parts also competes with American big-box department store, Target, the eighth largest retailer in the U.S. As of 2021, Target had about 1,926 stores in the United States.
Target has an auto section where customers can purchase car parts, tools, equipment, maintenance products, car electronics, and cleaning accessories.
Ranked as one of America’s leading retailers, Target’s revenue was .56 billion in 2020.
Advance Auto Parts’ biggest competitors include AutoZone, O’Reilly Auto Parts, Pep Boys, NAPA, and LKQ Corporation. These companies deal in similar products and services as Advance Auto Parts and have a huge number of stores.
Additionally, general retailers like Walmart and Amazon have also become competitors for Advance Auto Parts because they sell auto parts and accessories.