UK Automotive Aftermarket, Forecast to 2023
UK Automotive Aftermarket, Forecast to 2023
Capitalising on Growth of Ageing Vehicles and Used Car Sales, Which is Expected to Have a Compound Annual Growth Rate (CAGR) of 2.0% During 2016–2023
05-Apr-2017
Europe
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Description
This report covers the Class 1-3 vehicles aftermarket in terms of volume (in million units) and value ($ million) across the UK. The base year for analysis is 2016 and the forecast period is 2017 to 2023.This research compiles findings from various deliverables published by Frost & Sullivan over the past 2 years. It covers growth prospects for the UK automotive aftermarket. The research includes analyses of vehicles in operation, vehicle ownership, e-retailing in the automotive aftermarket, and service providers in the region. It includes an analysis of new business models and e-retailing in the aftermarket ecosystem. It also has profiling of major aftermarket players such as Euro Car Parts, Parts Alliance, Kwik Fit, and The Rapid Group. UK is expected to overtake France and become the 3rd-largest market in Europe after Germany and Italy. IAM dominance is expected to continue, as the average vehicle age rises over the next 7 years, thereby leaving a relatively older VIO. Brexit is expected to have an impact on inventory management, availability of skilled labour, import and export regulations. As a result, new vehicle sales is expected to grow at a very minimal CAGR of -1.0%, which will have a low impact on total VIO. Close to 72% of the total VIO is said to be more than 3 years old, enabling periodic maintenance and MOT and therefore, aftermarket revenue at the manufacturer level is expected to have a CAGR of close to 1.8% during 2016–2023. Penetration of e-retail for automotive parts and services in the UK is expected to have a CAGR of 10.5% during 2016-2023. The growth is triggered by the strong penetration of internet / smartphone usage and the discounts available on online retail.
This study's objectives are to:
1) Analyse vehicles in operation and average vehicle age to understand the main demand factors driving automotive parts and service sales in the UK automotive aftermarket.
2) Estimate the total market opportunity based on a top-down analysis of vehicles in operation, replacement rates, and available pricing data.
3) Identify the top automotive parts distributors and service providers in the UK.
4) Provide insight into policies and regulations that would influence the business environment and strategy
Key Questions this Study will Answer:
1) What is the short- to medium-term outlook for the UK automotive aftermarket?
2) What are the key market trends in the UK?
3) Which products and services will offer the highest future growth opportunities?
4) How is the competitive landscape changing?
5) What is the structure of the UK automotive aftermarket? Who are the key industry participants?
Table of Contents
Key Findings
Market Size by Parts Category
Key Market Influencers—Impact on Market 2016–2023
Emerging Trends and Business Models in UK Aftermarket
Competitors to Watch in UK Aftermarket
Key Findings and Future Outlook
Research Scope
Research Aims and Objectives
Research Background
Research Methodology
Product/System Segmentation
Market Definitions
Vehicle Segmentation
UK Demographic Highlights
Transportation Overview
Impact of Brexit
Key Policies and Regulations
New Vehicle Sales Analysis and Outlook
Used Cars Sales Analysis
Total Vehicle in Operation
Vehicles in Operation by Age
Vehicles in Operation by Brand
Part Level Market Size
Replacement Frequency
Distribution Channel Structure
Types of Service Channels
Number of Service Channels
Automotive Aftermarket e-Retailing—Snapshot
e-Retailing—Overview
e-Retailing in UK Automotive Aftermarket—Overview
e-Retailing—Key Influencers
Ownership Trends—Personal Contract Purchases (PCP)
Impact of PCP
Service Aggregators
Impact of Service Aggregators
Direct Stores
Impact of Direct Store
VW Trade Parts Specialists (TPS) Programme
Impact of VW TPS Programme
Company Profile—Euro Car Parts
Euro Car Parts—Value Chain
Euro Car Parts—Growth Potential
Euro Car Parts—Key Success Factors
Company Profile—Parts Alliance
Parts Alliance—Value Chain
Parts Alliance—Growth Potential
Parts Alliance—Key Success Factors
Company Profile—Kwik Fit
Kwik Fit—Value Chain
Kwik Fit—Growth Potential
Kwik Fit—Key Success Factors
Company Profile—The Rapid Group
The Rapid Group—Value Chain
The Rapid Group—Growth Potential
The Rapid Group—Key Success Factors
Growth Opportunity—Improve Capability to Service and Establish Tie-up with PCP Network
Strategic Imperatives for Success and Growth
Key Conclusions and Future Outlook
The Last Word—3 Big Predictions
Legal Disclaimer
Key Influencer Mapping
Abbreviations and Acronyms Used
Recent Aftermarket Research Topics
Market Engineering Methodology
- 1. Automotive Aftermarket: Key Market Influencers Impact, UK, 2016–2023
- 2. Automotive Aftermarket: Competitors to Watch, UK, 2016
- 3. Automotive Aftermarket: New Vehicle Sales, UK, 2013–2023
- 4. Automotive Aftermarket: Impact of Brexit, UK, 2016–2023
- 5. Automotive Aftermarket: Key Policies and Regulation, UK, 2016
- 6. Automotive Aftermarket: Number of Service Channels, UK, 2016
- 7. Automotive Aftermarket: e-Retailing—Key Influencers, UK, 2016
- 8. Automotive Aftermarket: Company Profile—Euro Car Parts, UK, 2014–2016
- 9. Automotive Aftermarket: Company Profile—Parts Alliance, UK, 2014–2016
- 10. Automotive Aftermarket: Company Profile—Kwik Fit, UK, 2014–2016
- 11. Automotive Aftermarket: Company Profile—Rapid Group, UK, 2016
- 1. Automotive Aftermarket: Key Findings, UK, 2016–2023
- 2. AUTOMOTIVE AFTERMARKET: REVENUE ESTIMATES BY PARTS` CATEGORY, UK, 2016–2023
- 3. Automotive Aftermarket: Key Market Influencers Impact, UK, 2016–2023
- 4. Automotive Aftermarket: Emerging Trends and Business Models in Aftermarket, UK, 2016–2023
- 5. Automotive Aftermarket: Key Findings and Future Outlook, UK, 2016 and 2023
- 6. UK Overview—National Highlights, UK, 2016
- 7. Automotive Aftermarket: Transportation Overview, UK, 2016
- 8. Strategic Analysis of UK Automotive Aftermarket: New Vehicle Sales, UK, 2013–2023
- 9. Automotive Aftermarket: Used Cars Sales, UK, 2016–2023
- 10. Strategic Analysis of UK Automotive Aftermarket: Vehicle in Operation, UK, 2013–2023
- 11. Automotive Aftermarket: Vehicles in Operation by Age, UK, 2016 and 2023
- 12. Automotive Aftermarket: Vehicles In Operation by Brand, UK, 2016 and 2023
- 13. Automotive Aftermarket: Part Level Market Size, UK, 2016
- 14. Automotive Aftermarket: Replacement Interval, UK, 2016–2023
- 15. Automotive Aftermarket: Distribution Channel Structure, UK, 2016
- 16. Automotive Aftermarket: Types Of Service Channels, UK, 2016
- 17. Automotive Aftermarket: Snapshot of e-Retailing, UK, 2016–2023
- 18. Automotive Parts and Services eRetailing Market: e-Retailing Revenue Forecast, UK, 2013–2023
- 19. Automotive Parts and Services eRetailing Market: Percent Revenue by Component Split, UK, 2016
- 20. Automotive Aftermarket: e-Retailing—Key Influencers, UK, 2016
- 21. Automotive Aftermarket: Personal Contract Purchases, UK, 2016
- 22. Automotive Aftermarket: Personal Contract Purchases, UK, 2016–2023
- 23. Automotive Aftermarket: Service Aggregators, UK, 2016
- 24. Automotive Aftermarket: Impact of Service Aggregators, UK, 2016–2023
- 25. Automotive Aftermarket: Direct Stores, UK, 2016
- 26. Automotive Aftermarket: Impact of Direct Store, UK, 2016–2023
- 27. Automotive Aftermarket: VW TPS Programme, UK, 2016
- 28. Automotive Aftermarket: Impact of VW TPS Programme, UK, 2016–2023
- 29. Automotive Aftermarket: Euro Car Parts’ Value Chain, UK, 2016
- 30. Automotive Aftermarket: Euro Car Parts’ Growth Potential, UK, 2016
- 31. Automotive Aftermarket: Euro Car Parts’ Key Success Factors, UK, 2016
- 32. Automotive Aftermarket: Parts Alliance’s Value Chain, UK, 2016
- 33. Automotive Aftermarket: Parts Alliance’s Growth Potential, UK, 2016
- 34. Automotive Aftermarket: Parts Alliance’s Key Success Factors, UK, 2016
- 35. Automotive Aftermarket: Kwik Fit’s Value Chain UK, 2016
- 36. Automotive Aftermarket: Company Profile—Kwik Fit’s Growth Potential, UK, 2016
- 37. Automotive Aftermarket: Kwik Fit’s Key Success Factors, UK, 2016
- 38. Automotive Aftermarket: Rapid Group—Value Chain, UK, 2016
- 39. Automotive Aftermarket: Company Profile—Rapid Group’s Growth Potential, UK, 2016
- 40. Automotive Aftermarket: Rapid Group’s Key Success Factors, UK, 2016
- 41. Automotive Aftermarket: Key Conclusion and Future Outlook, UK, 2016–2023
- 42. Automotive Aftermarket: The Last Word—3 Big Predictions, UK, 2016–2023
Popular Topics
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Table of Contents | | Executive Summary~ || Key Findings~ || Market Size by Parts Category~ || Key Market Influencers—Impact on Market 2016–2023~ || Emerging Trends and Business Models in UK Aftermarket~ || Competitors to Watch in UK Aftermarket~ || Key Findings and Future Outlook~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aims and Objectives~ || Research Background~ || Research Methodology~ | Definitions and Segmentation~ || Product/System Segmentation~ ||| OE Parts~ ||| IAM Parts~ || Market Definitions~ ||| Market~ ||| Units~ ||| Pricing~ ||| CAGR~ || Vehicle Segmentation~ ||| Class~ |||| Small~ |||| Medium ~ |||| High End ~ |||| Van ~ | Market Overview~ || UK Demographic Highlights~ || Transportation Overview~ || Impact of Brexit~ | Regulation and Policy~ || Key Policies and Regulations~ | Demand Analysis~ || New Vehicle Sales Analysis and Outlook~ || Used Cars Sales Analysis~ || Total Vehicle in Operation~ || Vehicles in Operation by Age~ || Vehicles in Operation by Brand~ | Parts Analysis~ || Part Level Market Size~ || Replacement Frequency~ | Service and Distribution Channel Analysis~ || Distribution Channel Structure~ || Types of Service Channels~ || Number of Service Channels ~ | New Business Models—Impact on the UK Aftermarket~ || Automotive Aftermarket e-Retailing—Snapshot~ || e-Retailing—Overview~ || e-Retailing in UK Automotive Aftermarket—Overview~ || e-Retailing—Key Influencers~ || Ownership Trends—Personal Contract Purchases (PCP)~ || Impact of PCP~ || Service Aggregators~ || Impact of Service Aggregators~ || Direct Stores~ || Impact of Direct Store~ || VW Trade Parts Specialists (TPS) Programme~ || Impact of VW TPS Programme~ | Key Distributors/Fast Fitter Profiles~ || Company Profile—Euro Car Parts~ || Euro Car Parts—Value Chain~ || Euro Car Parts—Growth Potential~ || Euro Car Parts—Key Success Factors~ || Company Profile—Parts Alliance~ || Parts Alliance—Value Chain~ || Parts Alliance—Growth Potential~ || Parts Alliance—Key Success Factors~ || Company Profile—Kwik Fit~ || Kwik Fit—Value Chain~ || Kwik Fit—Growth Potential~ || Kwik Fit—Key Success Factors~ || Company Profile—The Rapid Group~ || The Rapid Group—Value Chain~ || The Rapid Group—Growth Potential~ || The Rapid Group—Key Success Factors~ | Growth Opportunities and Companies to Action~ || Growth Opportunity—Improve Capability to Service and Establish Tie-up with PCP Network~ || Strategic Imperatives for Success and Growth~ | Conclusion and Future Outlook~ || Key Conclusions and Future Outlook~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Key Influencer Mapping~ || Abbreviations and Acronyms Used~ || Recent Aftermarket Research Topics~ || Market Engineering Methodology~ |
List of Charts and Figures | 1. Automotive Aftermarket: Key Market Influencers Impact, UK, 2016–2023~ 2. Automotive Aftermarket: Competitors to Watch, UK, 2016~ 3. Automotive Aftermarket: New Vehicle Sales, UK, 2013–2023~ 4. Automotive Aftermarket: Impact of Brexit, UK, 2016–2023~ 5. Automotive Aftermarket: Key Policies and Regulation, UK, 2016~ 6. Automotive Aftermarket: Number of Service Channels, UK, 2016~ 7. Automotive Aftermarket: e-Retailing—Key Influencers, UK, 2016~ 8. Automotive Aftermarket: Company Profile—Euro Car Parts, UK, 2014–2016~ 9. Automotive Aftermarket: Company Profile—Parts Alliance, UK, 2014–2016~ 10. Automotive Aftermarket: Company Profile—Kwik Fit, UK, 2014–2016~ 11. Automotive Aftermarket: Company Profile—Rapid Group, UK, 2016~| 1. Automotive Aftermarket: Key Findings, UK, 2016–2023~ 2. AUTOMOTIVE AFTERMARKET: REVENUE ESTIMATES BY PARTS` CATEGORY, UK, 2016–2023~ 3. Automotive Aftermarket: Key Market Influencers Impact, UK, 2016–2023~ 4. Automotive Aftermarket: Emerging Trends and Business Models in Aftermarket, UK, 2016–2023~ 5. Automotive Aftermarket: Key Findings and Future Outlook, UK, 2016 and 2023~ 6. UK Overview—National Highlights, UK, 2016~ 7. Automotive Aftermarket: Transportation Overview, UK, 2016~ 8. Strategic Analysis of UK Automotive Aftermarket: New Vehicle Sales, UK, 2013–2023~ 9. Automotive Aftermarket: Used Cars Sales, UK, 2016–2023~ 10. Strategic Analysis of UK Automotive Aftermarket: Vehicle in Operation, UK, 2013–2023~ 11. Automotive Aftermarket: Vehicles in Operation by Age, UK, 2016 and 2023~ 12. Automotive Aftermarket: Vehicles In Operation by Brand, UK, 2016 and 2023~ 13. Automotive Aftermarket: Part Level Market Size, UK, 2016~ 14. Automotive Aftermarket: Replacement Interval, UK, 2016–2023~ 15. Automotive Aftermarket: Distribution Channel Structure, UK, 2016~ 16. Automotive Aftermarket: Types Of Service Channels, UK, 2016~ 17. Automotive Aftermarket: Snapshot of e-Retailing, UK, 2016–2023~ 18. Automotive Parts and Services eRetailing Market: e-Retailing Revenue Forecast, UK, 2013–2023~ 19. Automotive Parts and Services eRetailing Market: Percent Revenue by Component Split, UK, 2016~ 20. Automotive Aftermarket: e-Retailing—Key Influencers, UK, 2016~ 21. Automotive Aftermarket: Personal Contract Purchases, UK, 2016 ~ 22. Automotive Aftermarket: Personal Contract Purchases, UK, 2016–2023~ 23. Automotive Aftermarket: Service Aggregators, UK, 2016 ~ 24. Automotive Aftermarket: Impact of Service Aggregators, UK, 2016–2023~ 25. Automotive Aftermarket: Direct Stores, UK, 2016 ~ 26. Automotive Aftermarket: Impact of Direct Store, UK, 2016–2023~ 27. Automotive Aftermarket: VW TPS Programme, UK, 2016 ~ 28. Automotive Aftermarket: Impact of VW TPS Programme, UK, 2016–2023~ 29. Automotive Aftermarket: Euro Car Parts’ Value Chain, UK, 2016~ 30. Automotive Aftermarket: Euro Car Parts’ Growth Potential, UK, 2016~ 31. Automotive Aftermarket: Euro Car Parts’ Key Success Factors, UK, 2016~ 32. Automotive Aftermarket: Parts Alliance’s Value Chain, UK, 2016~ 33. Automotive Aftermarket: Parts Alliance’s Growth Potential, UK, 2016~ 34. Automotive Aftermarket: Parts Alliance’s Key Success Factors, UK, 2016~ 35. Automotive Aftermarket: Kwik Fit’s Value Chain UK, 2016~ 36. Automotive Aftermarket: Company Profile—Kwik Fit’s Growth Potential, UK, 2016~ 37. Automotive Aftermarket: Kwik Fit’s Key Success Factors, UK, 2016~ 38. Automotive Aftermarket: Rapid Group—Value Chain, UK, 2016~ 39. Automotive Aftermarket: Company Profile—Rapid Group’s Growth Potential, UK, 2016~ 40. Automotive Aftermarket: Rapid Group’s Key Success Factors, UK, 2016~ 41. Automotive Aftermarket: Key Conclusion and Future Outlook, UK, 2016–2023~ 42. Automotive Aftermarket: The Last Word—3 Big Predictions, UK, 2016–2023~ |
Author | Palaniappan Kittu |
Industries | Automotive |
WIP Number | K175-01-00-00-00 |
Is Prebook | No |