Table of Contents
Introduction
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- Definition
- Exclusions
- Abbreviations
Executive Summary
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- The market
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- Figure 1: UK car parts aftermarket, by value, at current prices, 2007-17
- Market factors
- Companies, brands and innovation
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- Figure 2: UK – Tyres: Company market share, by value, 2011
- The consumer
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- Figure 3: Age of car owned, October 2012
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- Figure 4: Replacement parts bought, October 2012
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- Figure 5: Where car repairs have been carried out in the last 12 months, October 2012
- Figure 6: Attitudes towards cars and car repairs, October 2012
- What we think
Issues in the Market
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- How can consumer demand be stimulated?
- What can be done to encourage trading up?
- What is the impact of increased reliability of modern cars?
- How can greater confidence be created for consumers to use new distribution channels?
- How successful has branding been?
Trend Application
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- Survival skills
- Experience Is All
- Trend 2015: Access Anything Anywhere
Internal Market Environment
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- Key points
- Used car market performing the strongest
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- Figure 7: Private new car registrations and used car sales, 2007-12
- New car sales show little evidence of sustained recovery
- Used car market appears stronger
- UK car parc is relatively stable
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- Figure 8: Number of cars in the car parc, 2005-11
- Four fifths of cars over three years old
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- Figure 9: Age structure of the car parc in years, 2011
- Miles driven by car owners is in decline
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- Figure 10: Road traffic (vehicle miles) driven by cars and taxis, 2007-11
- Lights, suspension and brakes are key areas for parts replacement
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- Figure 11: Road vehicle testing scheme (MOT), selected reasons for failure, car tests, 2008-11
- Diesels steadily growing their share of the market
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- Figure 12: New car registrations, by fuel type, 2007-12
- Mixed messages on vehicle replacement intentions
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- Figure 13: Car buying intentions in the next 12 months, March 2012
- Home maintenance increasingly eschewed by drivers
Broader Market Environment
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- Key points
- UK economy continues to stutter
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- Figure 14: GDP, PDI, consumer expenditure and savings, at constant 2007 prices, 2007-17
- ... with drivers wary of spending on parts
- Fuel prices remain high
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- Figure 15: Monthly UK petrol diesel and oil price trends, 2009-12 *
- Is rising affluence at an end?
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- Figure 16: Forecast adult population trends, by socio-economic group, 2007-17
- Older adults set to grow profile
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- Figure 17: Trends in the age structure of the UK population, 2007-17
Competitive Context
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- Key points
- Costs to keep a car on the road keep increasing
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- Figure 18: Consumer expenditure on car purchasing, servicing and repair and motoring expenses, seasonally adjusted at current prices, 2008-11
- Parts manufacturers face competition at a global level
- Cost pressures help shift many towards use of the internet
- Counterfeiting remains a challenge
Strengths and Weaknesses in the Market
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- Strengths
- Weaknesses
Who’s Innovating?
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- Key points
- A dynamic market
- Green developments
- Customer focus
- Winter opportunities for those in the tyre sector
- Online interaction proving popular with manufacturers
Market Size and Forecast
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- Key points
- Car parts aftermarket not immune from downturn
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- Figure 19: UK car parts aftermarket*, by value, at current and constant prices, 2007-12
- Tyres dominate automotive aftermarket sales
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- Figure 20: Segmentation of the car parts aftermarket, by value, at current prices, 2007-12
- The future
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- Figure 21: UK car parts aftermarket, by value, at current prices, 2007-17
- Forecast
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- Figure 22: UK car parts aftermarket, by value, at current prices, 2007-17
Market Segmentation
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- Key points
- Tyre market hit by recession and trading down...
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- Figure 23: the tyre market , by value (at current prices) and volume, 2007-12
- ... yet dominated by premium tyres
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- Figure 24: Tyre segmentation for replacement car tyres, by volume percentage, 2010
- Stronger used car market boosts other parts sales
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- Figure 25: Segmentation of the car aftercare market, by value, at current prices, 2007-12
Market Share
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- Key points
- Relatively fragmented tyre market
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- Figure 26: UK – Tyres: Company market share, by value, 2011
Companies and Products
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- Parts suppliers
- Bosal International
- Bosch
- Delphi
- Federal-Mogul
- Hella
- Tenneco
- TRW
- Visteon
- Valeo
- Retailers
- A1 motor stores
- Euro Car Parts
- GSF Car Parts
- Halfords
- Motor World
- Tyres
- Bridgestone
- Continental
- Goodyear
- Hankook
- Michelin
- Pirelli
Brand Communications and Promotion
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- Key points
- Overall expenditure shows increase
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- Figure 27: Main media advertising expenditure on car aftermarket products*, 2008-12
- Tyres dominate aftermarket expenditure
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- Figure 28: Main media advertising expenditure, by key group, 2008-12
- Brake and exhaust systems see collapse in expenditure
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- Figure 29: Main media advertising expenditure on car aftermarket products, by product category, 2008-12
- Television proves the most popular medium for advertisers
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- Figure 30: Main media advertising expenditure on car aftermarket products, % share by media type, 2008-11
- Manufacturers opt for digital media while installers for television
- Major names dominate tyre sector
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- Figure 31: Total adspend on tyres by company, 2008-11
- Tyre companies focus on television advertising
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- Figure 32: Tyre adspend, by media type, 2008-11
- No obvious big spenders among other aftermarket parts
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- Figure 33: Tyre adspend, by media type, 2008-11
- Press advertising has a stronger profile for other accessories
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- Figure 34: Other accessory adspend, by media type, 2008-11
Channels to Market
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- Key points
- Independent garages important for automotive parts replacement
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- Figure 35: Aftermarket outlets for sales of replacement parts* 2008, 2010 and 2012
- Independents garage numbers fall back
- Petrol forecourts also suffer from a fall in outlets
- Dealers respond to increased competition
- Fast fit market continues to develop with Kwik Fit dominant
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- Figure 36: Top ten tyre and exhaust fitting centres, by number of outlets, 2010 and 2012
- Car accessory shops suffer with Halfords coming to dominate the market
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- Figure 37: Top car accessory chains, by number of outlets, 2012
- Specialists dominate for tyre market
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- Figure 38: Tyre distribution, by outlet, 2010
- The internet
- Slow progress in moving tyre sales online
- Other replacement parts affected by do-it-for-me market
- Price key for all
The Consumer – Car Ownership
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- Key points
- Around two third of adults own a car
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- Figure 39: Car ownership, October 2012
- Young drivers are least likely to drive a car purchased from new
- Londoners shun car ownership
- Income plays a part in owning new or used
- Three quarters of cars are over three years old
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- Figure 40: Age of car owned, October 2012
- Income plays important part in age of car
- Urban drivers prefer to purchase new
- Ford and Vauxhall dominate the market
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- Figure 41: Make of main car, October 2012
- Ford has a much broader appeal amongst drivers
- Those on the highest incomes appear to favour Ford
The Consumer – Parts Replacement
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- Key points
- Tyres top the list as parts that need replacing
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- Figure 42: Replacement parts bought, October 2012
- Tyres – a considered purchase?
- Men more likely to purchase replacement parts
- Young drivers are key purchasers
- Urban drivers appear more prone to parts replacement
- Parts replacement more of an issue for owners of second hand vehicles
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- Figure 43: Replacement parts bought, by car ownership, October 2012
- Strong link between car age and need to replace parts
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- Figure 44: Replacement parts bought, by age of main car, October 2012
The Consumer – Undertaking of Repairs
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- Key points
- Independent garages are the most popular choice
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- Figure 45: Where car repairs have been carried out in the last 12 months, October 2012
- Men opt for brands
- Young drivers happier to look at alternatives to garages and dealers
- Geographic presence helps mechanics and fast fit centres
- Dealers in favour with owners of new cars
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- Figure 46: Where car repairs have been carried out in the last 12 months, by car ownership, October 2012
- Independent garages and DIY repairs popular with owners of older cars
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- Figure 47: Where car repairs have been carried out in the last 12 months, by age of main car, October 2012
- Exhausts, brakes and batteries require professional assistance
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- Figure 48: Where car repairs have been carried out in the last 12 months, by replacement parts bought, October 2012
The Consumer – Attitudes Towards Replacement Parts
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- Key points
- Drivers want reliability and will rely on others to repair their vehicle
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- Figure 49: Attitudes towards cars and car repairs, October 2012
- Older car owners and high earners seek out reliability
- Fast fit centres prompt divided views from young drivers in particular
- Branded goods favoured by more affluent drivers
- Young show strong interest in DIY repairs
Appendix – Consumer – Car Ownership
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- Figure 50: Car ownership, by demographics, October 2012
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- Figure 51: Age of your main car, by demographics, October 2012
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- Figure 52: Make of main car, by demographics, October 2012
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Appendix – Consumer – Parts Replacement
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- Figure 53: Replacement parts bought, by demographics, October 2012
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Appendix – Consumer – Undertaking of Repairs
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- Figure 54: Where car repairs have been carried out in the last 12 months, by demographics, October 2012
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Appendix – Consumer – Attitudes Towards Replacement Parts
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- Figure 55: Agreement with the statements ‘Reliability is an important factor in deciding which brand of car I buy’ and ‘I lack the knowledge to carry out repairs to modern cars’, by demographics, October 2012
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- Figure 56: Agreement with the statements ‘Modern cars are less likely to break down these days’ and ‘The length of the car warranty is very important to me when buying a new/used car’, by demographics, October 2012
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- Figure 57: Agreement with the statements ‘I’d like to be able to carry out more repairs to my car myself’ and ‘I’d rather buy a brand new car to avoid mechanical problems you can get with used cars’, by demographics, October 2012
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- Figure 58: Agreement with the statements ‘I trust fast fit garages to provide a good quality service’ and ‘I am prepared to pay more for branded replacements/new parts’, by demographics, October 2012
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- Figure 59: Agreement with the statements ‘It’s worth changing your car regularly to avoid expensive repair costs’ and ‘I would avoid fast fit garages as I find them more expensive than other garages’, by demographics, October 2012
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- Figure 60: Agreement with the statements ‘Diesel vehicles are generally more reliable than petrol’ and ‘It’s enjoyable carrying out repairs to my car’, by demographics, October 2012
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