Table of Contents
Executive Summary
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- The market
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- Figure 1: UK car parts aftermarket, by value, at current prices, 2009-19
- Market factors
- Companies, brands and innovation
- Channels to market
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- Figure 2: Aftermarket outlets for sales of replacement parts, 2014
- The consumer
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- Figure 3: Car ownership, September 2014
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- Figure 4: Age of car driven, September 2014
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- Figure 5: Replacement parts bought, September 2014
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- Figure 6: Repairs or fitting of replacement parts by planned and unplanned occasion, September 2014
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- Figure 7: Reasons for replacing parts, September 2014
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- Figure 8: Attitudes towards cars and car repairs, September 2014
- What we think
Issues and Insights
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- A strong new car market
- The facts
- The implications
- Distance travelled annually in decline
- The facts
- The implications
- The ageing population
- The facts
- The implications
Trend Application
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- Why Buy
- Return to the experts
- Prepare for the worst
Market Environment
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- Key points
- A car market in recovery
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- Figure 9: New and used car registrations, 2009-14
- Polarisation of market by vehicle age
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- Figure 10: Age structure of the car parc in years, 2012 and 2013
- Trips taken and distance travelled are in steady declines
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- Figure 11: Trips, distance travelled and time taken, 2003-2013
- Lighting and signalling are key reason for MOT failure
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- Figure 12: Road vehicle testing scheme (MOT), selected reasons for failure, car tests, 2008-13
- Diesels account for over half of new cars sold
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- Figure 13: New car registrations, by fuel type, 2009-14
- Vehicle replacement times are improving
- Impact of maintenance delays...
- ... or getting others to undertake maintenance on your behalf
- UK economy in recovery
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- Figure 14: GDP, PDI, consumer expenditure and savings, at current prices, 2009-19
- GDP growth is beginning to strengthen
- Consumer expenditure likely to be buoyant
- Financial confidence begins to strengthen
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- Figure 15: GfK Consumer Confidence Index, January 1988 – February 2014
- Pain of high fuel prices may be easing
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- Figure 16: Monthly UK petrol, diesel and oil price trends, 2009-13**
- Shift in population towards the less affluent
- UK population shows signs of ageing
Competitive Context
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- Key points
- Replacement parts have to compete against other motoring expenses
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- Figure 17: Consumer expenditure on car purchasing, servicing and repair and motoring expenses, seasonally adjusted at current prices, 2009-13
- Role of the internet continues to broaden
- Counterfeiting – an unquantifiable problem
- Competition from part used and refurbished parts
Strengths and Weaknesses in the Market
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- Strengths
- Weaknesses
Who’s Innovating?
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- Key points
- Demand for intelligent motoring prompts autonomous parts
- Gripping stuff
- Green initiatives take root within the tyre sector
Market Size and Forecast
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- Key points
- Revenues show signs of strengthening
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- Figure 18: UK car parts aftermarket*, by value, at current and constant prices, 2009-14
- Recovery as recessionary woes ease
- Slowdown in growth as sales of new cars strengthen
- Replacement tyres dominate the market
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- Figure 19: Segmentation of the car parts aftermarket, by value, at current prices, 2009-14
- The future
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- Figure 20: UK car parts aftermarket, by value, at current prices, 2009-19
- Forecast
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- Figure 21: UK tyre aftermarket, by value, at current prices, 2009-19
- Figure 22: UK other car parts aftermarket, by value, at current prices, 2009-19
Market Segmentation
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- Key points
- Tyres
- Rising raw material prices drive up value
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- Figure 23: Tyre sales, by value (at current prices) and volume, 2009-14
- Sales recover from difficult period during recent economic slowdown
- Revenues rising faster than volume sales
- Premium market fighting back despite further progress for budget tyres
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- Figure 24: Tyre segmentation for replacement car tyres, by volume percentage, 2010-2014
- Interest in winter and all season tyres hit by the weather
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- Figure 25: Winter/all season tyres, 2010-2014
- Initial interest slowed by the weather
- Other replacement parts
- Economic recovery helps to boost sales
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- Figure 26: Segmentation of the other replacement parts market, by value, at current prices, 2009-14
- Replacement rates and pricing impact on the market
- Things are not all so bad
- Slow recovery in market value
Market Share
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- Key points
- Tyres – a market in transition
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- Figure 27: UK – Tyres: Company market share, by value, 2012
- Leading manufacturers see their share of sales fall back
- Far East companies dominate push by budget manufacturers
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 suffers collapse in 2013
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- Figure 28: Main media advertising expenditure on car aftermarket products*, 2009-13
- Tyres dominate expenditure
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- Figure 29: Main media advertising expenditure, by key group, 2009-13
- Brakes and clutches dominate other car part expenditure
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- Figure 30: Main media advertising expenditure by other car parts 2010 - 2013
- Press advertising emerges as channel of choice
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- Figure 31: Main media advertising expenditure on car aftermarket products*, % share by media type, 2010-13
- Manufacturers dominate the tyre sector
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- Figure 32: Total advertising spend on tyres by company, 2010-13
- Press and radio replace television in the tyre sector
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- Figure 33: TYRE ADSPEND, BY MEDIA TYPE, 2010-13
- Fragmented involvement in other parts market
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- Figure 34: Other car parts* advertising spend, by advertiser, 2010-13
- Press advertising dominant for other car parts suppliers
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- Figure 35: Other car parts* by advertising spend, by media type, 2010-13
Channels to Market
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- Key points
- Independent garages dominate the market
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- Figure 36: Aftermarket outlets for sales of replacement parts * 2008, 2010, 2012 and 2014
- Independent garage sector beginning to see stability in site numbers
- Petrol forecourts suffer a more dramatic decline in network
- Dealer outlet numbers stabilise after sharp contraction
- Fast Fit network sees growth in network
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- Figure 37: Top 10 tyre and exhaust fitting centres, by number of outlets, 2010, 2012 and 2013
- Car accessory retailers dominated by Halfords
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- Figure 38: Leading car accessory chains, by number of outlets, 2012, 2013 and 2014
- Tyre sales – an area dominated by specialists
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- Figure 39: Tyre distribution, by outlet, 2013
- Internet
- Other replacement parts affected by requirement to fit
- Tyre sales are a developing market
The Consumer – Car Ownership
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- Key points
- Car ownership stands at around two thirds of adults
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- Figure 40: Car ownership, September 2014
- Men as opposed to women are more likely to own a car from new
- Younger drivers are more likely to own new car purchased in the last two years
- Rural drivers are more likely to own a used car
- Income is a major factor on the age of vehicle owned
- Several groups are more likely than not to hold a driving licence
- Fall in percentage of used cars being driven
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- Figure 41: Car ownership, 2012, 2013 and 2014
The Consumer – Age of Car Driven
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- Key points
- Around three in 10 drivers drive a car under three years old
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- Figure 42: Age of car driven, September 2014
- Emergence from recession boosts younger vehicles
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- Figure 43: Age of car driven, 2011 and 2014
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, September 2014
- Men lead when purchasing certain car parts
- Young are more likely to purchase replacement parts
- Urban drivers are more likely to purchase some replacement parts
- Income impacts on the replacement of some parts
- Older vehicles are more likely to need replacement parts
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- Figure 45: Replacement parts bought, by car ownership, September 2014
The Consumer – Undertaking Planned and Unplanned Repairs
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- Key points
- Mechanics and independent dealers are most likely to fit parts
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- Figure 46: Repairs or fitting of replacement parts by planned and unplanned occasion, September 2014
- Men opt for dealers or do it themselves
- Young adults favour certain channels
- Certain channels are popular for urban car owners
- Income and socio economic status both impact on choice
- Certain parts are only replaced by certain outlets
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- Figure 47: Planned repairs or fitting of replacement parts by outlet, by parts and replacement parts purchased in the last 12 months, September 2014
- Owners of young and old vehicles have different preferences towards where parts would be fitted
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- Figure 48: Planned repairs or fitting of replacement parts by outlet, by age of car in the last 12 months, September 2014
The Consumer – Reasons for Replacing Parts
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- Key points
- Failure of a part is the most likely reason for its replacement
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- Figure 49: Reasons for replacing parts, September 2014
- Women are more reliant on advice of professionals
- Young car owners are strongly influenced by family/friends and media campaigns …
- … while older drivers rely on their own intuition of advice of professionals
- Urban/rural differences
- Age of car impacts on the reasons for replacing a part
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- Figure 50: Reasons for replacing parts by age of main car in the last 12 months, September 2014
- Type of part influences reason for replacement
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- Figure 51: Reasons for replacing parts, by selected parts replaced in the last 12 months, September 2014
The Consumer – Attitudes towards Cars and Car Repairs
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- Key points
- Knowing your vehicle is reliable is crucial for many buyers
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- Figure 52: Attitudes towards cars and car repairs, September 2014
- Concern about reliability favours purchase of new and nearly new vehicles
- Preferences towards branded parts is low although use of new parts is important
- Warranty awareness is also high
- Women show a reliance on others when it comes to the reliability of parts …
- … as do older car owners
- Those on the lowest incomes appear least worried about reliability of their vehicles
- Concerns about reliability prompt ownership of modern cars
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- Figure 53: Attitudes towards cars and car repairs by age of main car, September 2014
- Mechanics and fast-fit viewed differently by those who use dealers
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- Figure 54: Attitudes towards the replacement of car parts, by selected locations where planned repairs are undertaken, September 2014
- Fast fit users show strong technical edge
- Mobile mechanics are attractive for those looking at part worn or refurbished parts
- Users of authorised dealers want assurances
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