Genuine Parts Company

Distributes automotive and industrial replacement parts

Atlanta, Georgia, United States

About Genuine Parts Company

Genuine Parts Company distributes automotive and industrial replacement parts globally. It operates through two main segments: the Automotive Parts Group, which serves markets in North America and parts of Europe, and the Industrial Parts Group, catering primarily to North American and Australasian customers. The company has a large network of over 10,700 locations in 17 countries and employs more than 60,000 people. Its business model emphasizes providing high-quality parts and additional services to automotive repair shops, industrial manufacturers, and other service providers. Genuine Parts Company stands out from competitors due to its extensive distribution network and strong relationships with suppliers, aiming to deliver reliable solutions and support to its diverse clientele.

Atlanta, GeorgiaHeadquarters
1925Year Founded
IPOCompany Stage
Automotive & Transportation, Industrial & ManufacturingIndustries
1,001-5,000Employees

Benefits

Health Insurance
401(k) Company Match

Risks

EV growth may reduce demand for traditional automotive parts, impacting core business.
E-commerce giants like Amazon threaten Genuine Parts Company's market share with competitive pricing.
Supply chain vulnerabilities, especially in Asia-Pacific, could disrupt Genuine Parts Company's operations.

Differentiation

Genuine Parts Company operates a vast network of over 10,700 locations globally.
The company offers value-added solutions alongside high-quality automotive and industrial parts.
Strong supplier relationships enhance Genuine Parts Company's extensive distribution capabilities.

Upsides

Growing EV market offers opportunities to expand Genuine Parts Company's product offerings.
E-commerce growth in automotive aftermarket presents digital sales channel enhancement opportunities.
Predictive maintenance trends could boost demand for Genuine Parts Company's industrial solutions.