AAIA Factbook 2010 - (Page 46)

Tool anD equIPMenT afTerMarkeT The tool and equipment segment of the aftermarket includes the tools and equipment used to repair and maintain motor vehicles. End users of this segment’s products include do-it-yourself (DIY) consumers and professional repair shops, with most service technicians purchasing their tools from mobile tool distributors and most repair shops purchasing their equipment from either mobile tool distributors or auto parts jobber stores. Historically, sales in the tool and equipment segment have represented approximately 4.3 percent of total aftermarket sales. Based upon this relationship and the recalibration of the channel forecast model, sales for the tool and equipment segment have been recast resulting in minor changes to previously determined trend lines. The forecast for tool and equipment aftermarket sales reached $9.04 billion in 2008, just 1.1 percent improved over the previous year and marking the sixth consecutive annual increase for this segment of the aftermarket. Repair shops’ purchases of tools remain largely driven by their desire for quality and availability. In 2007, the tool most commonly purchased by repair shops included hand held diagnostic and battery service tools (86.1 percent) and specialty tools (85.0 percent). Tool and equipment aftermarket sales (billions of Dollars) $10.0 $9.5 $9.0 $8.5 $8.0 $7.5 $7.0 $6.5 $6.0 2002 2003 2004 2005 2006 2007 2008 2009* $7.66 $7.83 $8.08 $8.38 $8.70 $9.03 $9.04 $8.93 $9.33 2010* Note: * Forecast Source: AAIA factors in future Tool Purchasing Decisions (by reason for Purchase) 4.70 4.70 4.75 4.42 4.42 4.45 4.42 4.38 4.41 4.40 4.43 4.47 4.29 4.22 4.28 4.20 4.30 4.32 3.98 4.01 4.01 3.29 3.16 3.11 Tools Provided by repair shops (all respondents) Quality Availability Warranty Service Selection Convenience Price Payment Options Other 1 2 2.37 1.35 2.51 2003 hand held Diagnositc and battery service Tools specialty Tools 86.1% 87.4% 83.9% 85.0% 86.4% 84.4% 82.8% 78.8% 2003 2005 2005 2007 2007 aC and vehicle Comfort Tools N/A Power Tools 40.2% 39.7% 42.0% 35.2% 33.1% 34.1% 65.2% 65.4% 66.9% basic Mechanics' hand Tools Tool storage Average Score 2005 3 4 5 0% 20% 40% 2003 60% 2005 80% 2007 100% 2003 Note: Source: 2007 Note: On the five-point scale, 1 = “not at all important” and 5 = “very important.” AAIA’s 2007/2008 Tool Purchasing Trends na = not available Percentages sum to more than 100 percent due to multiple response options. AAIA’s 2007/2008 Tool Purchasing Trends 46 2 0 1 0 d i g i t a l a f t e r ma rk et f a ctb o o k c op y r i g h t © 2 0 0 9 a uto mo ti ve a f terma rk et i ndustry associat ion Source: http://pages.nxtbook.com/nxtbooks/mercury/aaiafactbook2010/docs/Page_46_Tool_&_Equipment_Aftermarket.xls

Table of Contents for the Digital Edition of AAIA Factbook 2010

AAIA Factbook 2010
Economic and Financial Indicators
Key Economic Indicators
Aftermarket Employment
Technician Employment and Wages
Aftermarket Mergers and Acquisitions
Financial Profiles of Selected Aftermarket Companies
U S Motor Vehicle Aftermarket
Channel Forecast Model
Census Review and Forecast Assumptions
U.S. Motor Vehicle Aftermarket
Size of the Automotive Aftermarket
Aftermarket Sales by Distribution Channel
Aftermarket Service and Retail Channels
Program Distribution Summary
Automotive Aftermarket
Consumer Profile
Sales of Replacement Tires
Replacement Rates for Motor Vehicle Parts and Jobs
Aftermarket Accessories
Chemicals and Fluids
Automotive Chemicals and Fluids
Aftermarket Segments
Medium and Heavy Duty Truck Aftermarket
Paint, Body and Equipment Aftermarket
Tool and Equipment Aftermarket
Vehicle Sales, Usage and Registrations
U.S. Motor Vehicle Sales
Top 10 Light Vehicle Sales
U.S. Motor Vehicle Population
Hybrid Vehicles
Vehicle Operating Costs
Gasoline Affordability and Vehicle Miles Traveled
State Summary Statistics
State Summary Statistics
Global Aftermarket
Global Economic and Automotive Data
Global Vehicle Registrations
Canadian Aftermarket
Mexican Aftermarket
Chinese Aftermarket
Glossary and Reference
Glossary of Aftermarket Terms
NAICS Definitions
Aftermarket Data Resources
Aftermarket Data Resources
AAIA Market Research
AAIA Market Research
AAIA – Lang Market Comparison
Harmonization of Aftermarket Industry Data

AAIA Factbook 2010