Car Aftermarket - UK - November 2013
“While the car parts aftermarket is showing signs of recovery the market remains subject to pressures caused by the increased longevity of parts, the recent economic slowdown and the threat of budget and counterfeit parts. Overcoming all of these, while a major challenge for the market, brings with it the prospect of much stronger sales in the future.”
– Neil Mason, Head of Retail Research
Some questions answered in this report include:
- What impact will growing reliability of car parts have on the market?
- How can the market stand up to the challenge from budget brands?
- What impact will increased competition have on suppliers?
- How can the market deal with those drivers delaying on maintenance?
- What threat do counterfeits and part-worns pose to the OE market?
This report presents an overview of the UK car parts aftermarket. It examines a number of the most common parts that are purchased by motorists as part of the maintenance of their vehicle as well as how these parts are purchased and fitted.
The UK car parts aftermarket has recently passed through a difficult period. A combination of wider economic problems and sluggish car sales has led a growing number of drivers to either delay parts replacement or downgrade on the quality of some replacement parts. Heightened competition within the market has added to these difficulties, with the result that retail sales have been sluggish.
Yet there is evidence that the market is beginning to strengthen. Driven by higher retail prices within the tyre sector, Mintel expects the value of the replacement parts market to grow more strongly in the next few years than it has of late. While trends towards longer servicing and warranties will continue to constrain market expansion, improvements in the UK’s economic outlook are set to encourage trading up and ease pressure on prices.
Car aftermarket parts are defined as products that need to be replaced in order that, mechanically, the car may function better or, indeed, at all. In this respect, they differ from car accessories, which may include comfort, security and/or appearance as the prime motivators to purchase.
For the purpose of this report only a number of major aftermarket parts are reviewed. These are defined as those parts that can typically be serviced at automotive fast fit centres in addition to dealers and garages. Replacement tyres are also included in this definition.
The full line-up of parts reviewed is as follows:
- Shock absorbers and related parts
- Oil filters and related parts
- Exhausts and related parts
- Brakes and related parts.
The product areas covered in this report may be purchased from a retail outlet and fitted by the car owner, or will be purchased from a garage, dealership, fast-fit outlet or a mechanic and fitted by a professional.
This report purely covers the sale of this type of good to consumers (and not trade between suppliers/manufacturers and retailers).
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* This is a sample representation of the report layout and does not reflect the research included in this report.
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