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

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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

1. 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
2. Research Scope, Objectives, Background, and Methodology
Research Scope
Research Aims and Objectives
Research Background
Research Methodology
3. Definitions and Segmentation
Product/System Segmentation
OE Parts
IAM Parts
Market Definitions
Vehicle Segmentation
High End
4. Market Overview
UK Demographic Highlights
Transportation Overview
Impact of Brexit
5. Regulation and Policy
Key Policies and Regulations
6. 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
7. Parts Analysis
Part Level Market Size
Replacement Frequency
8. Service and Distribution Channel Analysis
Distribution Channel Structure
Types of Service Channels
Number of Service Channels
9. New Business Models—Impact on the UK Aftermarket
Automotive Aftermarket e-Retailing—Snapshot
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
10. 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
11. 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
12. Conclusion and Future Outlook
Key Conclusions and Future Outlook
The Last Word—3 Big Predictions
Legal Disclaimer
13. Appendix
Key Influencer Mapping
Abbreviations and Acronyms Used
Recent Aftermarket Research Topics
Market Engineering Methodology

List of Figures & Charts

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
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

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