Table of Contents
Introduction
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- Definition
- Abbreviations
Executive Summary
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- The market
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- Figure 1: UK car parts aftermarket, by value, at current prices, 2008-18
- Market factors
- Companies, brands and innovation
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- Figure 2: Aftermarket outlets available for the replacement car parts, 2013
- The consumer
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- Figure 3: Car ownership, June 2013
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- Figure 4: Replacement parts bought, June 2013
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- Figure 5: Repairs or fitting of replacement parts, by outlet, June 2013
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- Figure 6: Factors when choosing an individual or organisation to fit replacement parts, June 2013
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- Figure 7: Attitudes towards cars and car repairs, June 2013
- What we think
Issues in the Market
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- 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?
Trend Applications
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- Trend: Rebirth of Cities
- Trend: Let’s make a deal
- Futures: Old Gold
Internal Market Environment
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- Key points
- Car market in recovery
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- Figure 8: New and used car registrations, 2007-13
- Overall sales still down on pre-recession numbers
- New vehicle sales show signs of strengthening
- Majority of cars are over three years old
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- Figure 9: Age structure of the car parc in years, 2012
- Car mileage in decline
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- Figure 10: Road traffic (vehicle miles) driven by cars and taxis, 2008-12
- Lighting and signalling dominates reasons for MOT failure
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- Figure 11: Road vehicle testing scheme (MOT), selected reasons for failure, car tests, 2008-11
- Diesels now account for over half of new cars
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- Figure 12: New car registrations, by fuel type, 2008-13
- Vehicle replacement times are being delayed...
- ... as is maintenance
- From original equipment to refurbishment and part used
- Home maintenance increasingly eschewed by drivers
Broader Market Environment
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- Key points
- UK economy set for recovery
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- Figure 13: GDP, PDI, consumer expenditure and savings, at constant 2008 prices, 2008-18
- Recent GDP growth has been modest, while consumer expenditure has fallen back
- Better times ahead
- Consumer confidence also on the rise
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- Figure 14: GfK NOP Consumer Confidence Index, January 1988-2013
- Fuel prices record a significant increase
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- Figure 15: Index of premium unleaded and diesel fuel prices, 2000-12
- Shift in population towards the less affluent
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- Figure 16: Forecast adult population trends, by socio-economic group, 2008-18
- UK population shows signs of ageing
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- Figure 17: Trends in the age structure of the UK population, 2008-18
Competitive Context
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- Key points
- Costs of running a car continue to increase
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- Figure 18: Consumer expenditure on car purchasing, servicing and repair and motoring expenses, seasonally adjusted at current prices, 2009-12
- Cost pressures see growing use of the internet
- Counterfeiting continues to be a problem
Strengths and Weaknesses in the Market
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- Strengths
- Weaknesses
Who’s Innovating?
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- Key points
- Green innovations
- Boosting vehicle performance
- Safety
Market Size and Forecast
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- Key points
- Car parts aftermarket shows signs of recovery
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- Figure 19: UK car parts aftermarket*, by value, at current and constant prices, 2008-13
- Recession impacts on replacement parts sales
- Rising prices for tyres push up market
- Tyres account for over half of market by value
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- Figure 20: Segmentation of the car parts aftermarket, by value, at current prices, 2008-2013
- The future
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- Figure 21: UK car parts aftermarket, by value, at current prices, 2008-18
- Figure 1: UK car parts aftermarket, by value, at current prices, 2008-18
- Market segment forecast
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- Figure 22: UK tyre aftermarket, by value, at current prices, 2008-18
- Figure 23: UK other car parts aftermarket, by value, at current prices, 2008-18
Market Segmentation
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- Key points
- Tyres
- Rising raw material prices drive up value
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- figure 24: Tyre market by value (at current prices) and volume, 2008-13
- Tyre sector badly hit by economic slowdown
- Raw material costs push up value
- Budget tyres increasingly dominate sales
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- Figure 25: Tyre segmentation for replacement car tyres, by volume percentage, 2010-13
- Demand for winter and all season tyres is up
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- Figure 26: Winter/all season tyres, 2008-13
- Other replacement parts
- Longer replacement times and price competition hit market
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- Figure 27: Segmentation of the other replacement parts market, by value, at current prices, 2008-13
- A market beset with difficulties
- Recovery of UK economy brings about improvements
Market Share
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- Key points
- Tyres – a highly fragmented market
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- Figure 28: UK – Tyres: Company market share, by value, 2012
- Top five manufacturers capture 38% of tyre sales
- Many smaller players operate in the budget sector
Companies and Products
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- Parts suppliers
- Bosch
- Delphi
- Federal-Mogul
- Hella
- Tenneco
- TRW
- Visteon
- Valeo
- Factors and retailers
- A1 Motor Stores
- Euro Car Parts
- GSF Car Parts
- Halfords
- Motor World
- Tyres
- Bridgestone
- Continental
- Goodyear
- Hankook
- Michelin
- Pirelli
Brand Communication and Promotion
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- Key points
- Overall expenditure on the up
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- Figure 29: Main media advertising expenditure on car aftermarket products*, 2009-12
- Tyres increasingly dominate expenditure
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- Figure 30: Main media advertising expenditure, by key group, 2009-12
- Figure 31: Main media advertising expenditure, by other car parts 2009-12
- Television and radio dominate channel choice
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- Figure 32: Main media advertising expenditure on car aftermarket products*, % share by media type, 2009-12
- Main tyre manufacturers dominate advertising
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- Figure 33: Total advertising spend on tyres by company, 2009-12
- Television advertising dominates for tyre segment
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- Figure 34: Tyre advertising spend, by media type, 2009-12
- Other parts market typified by fragmented market
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- Figure 35: Other car parts* advertising spend, by media type, 2009-12
- Press advertising dominant for other car parts supplier
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- Figure 36: Other car parts* by advertising spend, by media type, 2009-12
Channels to Market
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- Key points
- Independent garages dominate a market where outlet numbers are falling
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- Figure 37: Aftermarket outlets for sales of replacement parts* 2008-13
- Independent garage sector sees number of outlets fall back steadily
- Petrol forecourts suffer a more dramatic decline in numbers
- Dealer outlets down by around 10% since 2008
- Kwik Fit dominates fast fit market by outlet numbers
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- Figure 38: Top ten tyre and exhaust fitting centres, by number of outlets, 2010-13
- Halfords dominates the car accessory outlet market
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- Figure 39: Leading car accessory chains, by number of outlets, 2012 and 2013
- Tyre sales – an area dominated by specialists
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- Figure 40: Tyre distribution, by outlet, 2012
- The internet
- Tyre sales remain a developing market
- Other replacement parts affected by the do-it-for-me market
The Consumer – Car Ownership
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- Key points
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- Figure 41: Car ownership, June 2013
- Income has a major impact on type of car owned
- All ages show interest in recent purchases
- Car buyers likely to be found in rural areas
- Poor, young and those in London least likely to drive
- Ownership of a car from new is growing
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- Figure 42: Car ownership, 2012 and 2013
- Ford and Vauxhall dominate ownership
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- Figure 43: Make of main car, June 2013
- Vauxhall has broad appeal by age
The Consumer – Parts Replacement
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- Key points
- Tyres top the list as parts that need replacing
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- Figure 44: Replacement parts bought, August 2013
- Men are more likely to purchase parts
- Older drivers replacing fewer parts
- Urban drivers are more likely to replace certain parts
- Owners of second-hand vehicles are more likely to need to replace parts
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- Figure 45: Replacement parts bought, by car ownership, June 2013
- Few differences in need to replace parts by brand of car
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- Figure 46: Parts and replacement parts purchased in last 12 months, by make of main car driven, June 2013
The Consumer – Undertaking of Repairs
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- Key points
- Mechanics and independent dealers are most likely to fit parts
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- Figure 47: Repairs or fitting of replacement parts by outlet, June 2013
- Socio-economic status and income have impact on some choices
- Are women attracted to dealers?
- Urbanites favour fast fits and friends
- Type of part requiring replacement often dictates who undertakes fitting
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- Figure 48: Repairs or fitting of replacement parts by outlet, by parts and replacement parts purchased in last 12 months, June 2013
The Consumer – Factors When Choosing an Organisation to Fit Parts
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- Key points
- Location, price and trust dominate thinking when choosing assistance
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- Figure 49: Factors when choosing an individual or organisation to fit replacement parts, June 2013
- Women look towards recommendations while men go for price and quality
- Older drivers are more demanding
- Londoners want guarantees, speed and quality
- Price important for those on lowest incomes, but quality for wealthier drivers
- Drivers with second-hand vehicles have strongest opinions
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- Figure 50: Factors when choosing an individual or organisation to fit replacement parts, by statements about car ownership and driving, June 2013
- Drivers expect different things from different organisations
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- Figure 51: Factors when choosing an individual or organisation to fit replacement parts, by repair or fitting of replacement parts by outlet, June 2013
The Consumer – Attitudes towards Replacement Parts
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- Key points
- Reliability is seen as the most important factor when purchasing a car
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- Figure 52: Attitudes towards cars and car repairs, June 2013
- Quality over price
- Many drivers don’t have knowledge to undertake repairs
- Modern cars not viewed as being completely reliable
- Mobile mechanics and fast fit garages appeal to some
- Women and older drivers demand reliability but also suffer from poor knowledge when it comes to repairs
- London – a different market?
- Wealthy and older drivers have greater confidence in the reliability of modern cars
- Those with used vehicles focus more on price issues
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- Figure 53: Attitudes towards cars and car repairs, by statements about car ownership and driving, June 2013
- Concerns about mechanical problems an issue with those who have recently purchased new
- Other owners of new cars focus their attention on reliability
- Owners of second-hand vehicles more likely to use part worn or refurbished parts
Appendix – The Consumer – Car Ownership
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- Figure 54: Most popular statements about car ownership and driving, by demographics, June 2013
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- Figure 55: Most popular make of main car driven, by demographics, June 2013
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Appendix – The Consumer – Most Popular Parts and Replacement Parts
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- Figure 56: Most popular parts and replacement parts purchased in last 12 months, by demographics, June 2013
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- Figure 57: Next most popular parts and replacement parts purchased in last 12 months, by demographics, June 2013
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Appendix – The Consumer – Most Popular Fitting or Replacement Parts by Outlet
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- Figure 58: Most popular repairs or fitting of replacement parts by outlet by demographics, June 2013
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Appendix – The Consumer – Most Popular Factors When Choosing an Organisation to Fit Replacement Parts
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- Figure 59: Most popular factors when choosing an individual or organisation to fit replacement parts, by demographics, June 2013
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- Figure 60: Next most popular factors when choosing an individual or organisation to fit replacement parts, by demographics, June 2013
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Appendix – The Consumer – Most Popular Attitudes towards Car Repairs
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- Figure 61: Most popular attitudes towards cars and car repairs, by demographics, June 2013
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- Figure 62: Next most popular attitudes towards cars and car repairs, by demographics, June 2013
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- Figure 63: Other attitudes towards cars and car repairs, by demographics, June 2013
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