UK Automotive Aftermarket Market Growth, Size, Trends, Share, Revenue and Future Outlook
United Kingdom Automotive Aftermarket Market Size- By Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jun-2024 | Report ID: AMIN24140 | Pages: 1 - 101 | Formats*: |
| Category : Automotive & Transportation | |||
United Kingdom Automotive Aftermarket Market Introduction and Overview
According to SPER Market Research, the United Kingdom Automotive Aftermarket Market is estimated to reach USD 30.79 billion by 2033 with a CAGR 3.63%.
The report includes an in-depth analysis of the United Kingdom Automotive Aftermarket Market, including market size and trends, product mix, distribution channels, and supplier analysis. The automotive aftermarket service market comprises a diverse range of firms and services that serve to the maintenance, repair, and customizing needs of automobiles beyond their initial sale. Included are separate service providers, independent repair shops, online retailers, and distributors of parts. In order to keep cars on the road, extend their usable life, and meet the diverse needs of car owners, this industry is crucial. The services offered by the aftermarket industry include routine upkeep, repairs, part replacement, diagnostics, and accessory installation. Vehicle owners benefit from the industry's more competitive pricing, wider availability, and more reasonably priced options as compared to original equipment manufacturer (OEM) services and parts.
Market Opportunities and Challenges
Opportunities: The growing popularity of online shopping and the expanding power of digital channels in the replacement part, accessory, and vehicle service markets are referred to as the "e-commerce dominance trend." Online shopping is becoming more and more popular among consumers as opposed to traditional brick-and-mortar retailers. The ease with which consumers may peruse a vast array of goods, evaluate costs, and complete transactions from the comfort of their homes is what is causing this change in consumer behaviour. The aging of vehicles is a major factor driving growth in the automotive aftermarket industry. Due to component deterioration, automobiles require more regular maintenance and repairs as they age. The aftermarket industry is supported by this consistent need for replacement components and services. Parts like tires, exhaust systems, and brakes deteriorate with use and time, necessitating replacements in older cars and propelling market growth.
Challenges: The complexity and technological developments in vehicles are a major barrier to the industry's expansion. Modern cars are outfitted with a growing number of intricate systems and high-tech devices. Although this improves the efficiency and performance of vehicles, it presents difficulties for the aftermarket sector. For diagnostics, repairs, and replacements, advanced technologies frequently call for specific training and equipment. Because of this, independent repair shops, distributors of automotive aftermarket products, and do-it-yourself enthusiasts can find it challenging to stay up to date with the rapidly changing technology, which could force them to depend on authorized dealerships or original equipment manufacturer (OEM) services.
Market Competitive Landscape
The Automotive Aftermarket in market United Kingdom is slightly fragmented. Some of the market key players are Euro Car Parts Ltd, Kwik-Fit (GB) Limited, National Tyres and Autocare Ltd, Compagnie Generale des Etablissements Michelin SCA.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | Euro Car Parts Ltd, Kwik-Fit (GB) Limited, National Tyres and Autocare Ltd, Compagnie Generale des Etablissements Michelin SCA. |
COVID-19 Impact on United Kingdom Automotive Aftermarket Market
The COVID-19 epidemic had a substantial effect on the UK auto aftermarket industry, upsetting several market sectors. Consumer spending on auto repair and maintenance services fell as a result of travel limitations and unstable economic conditions. Worldwide plant closures producing automobile parts disrupted the supply chain, which raised costs and resulted in shortages of essential parts. Lockdown measures also decreased the number of vehicles on the road, which in turn decreased the demand for aftermarket goods like lubricants, tires, and batteries.
Key Target Audience
- Vehicle Owners/Consumers
- Automotive Repair Shops and Technicians
- Automotive Retailers and Distributors
- Automotive Manufacturers and Original Equipment Manufacturers (OEMs)
- Fleet Managers
- Insurance Companies
Our in-depth analysis of the United Kingdom Automotive Aftermarket Market includes the following segments:
| By Replacement Parts: |
|
| By Vehicle Type: |
|
| By Certification: |
|
| By Distribution Channel: |
|
| By Service Channel: |
|
Key Topics Covered in the Report
- United Kingdom Automotive Aftermarket Market Size (FY’2024-FY’2033)
- Overview of United Kingdom Automotive Aftermarket Market
- Segmentation of United Kingdom Automotive Aftermarket Market By Replacement Parts (Battery, Body Parts, Brake Parts, Exhaust Components, Filters, Lighting and Electronic Components, Tire, Turbochargers, Wheels)
- Segmentation of United Kingdom Automotive Aftermarket Market By Vehicle Type (Commercial Vehicles, Passenger Cars)
- Segmentation of United Kingdom Automotive Aftermarket Market By Certification (Certified Parts, Genuine Parts, Uncertified Parts)
- Segmentation of United Kingdom Automotive Aftermarket Market By Distribution Channel (Retailers, Wholesalers and Distributors)
- Segmentation of United Kingdom Automotive Aftermarket Market By Service (Delegation to OEM’s, Do it for me, Do it Yourself)
- Expansion Analysis of United Kingdom Automotive Aftermarket Market
- Problems and Obstacles in United Kingdom Automotive Aftermarket Market
- Competitive Landscape in the United Kingdom Automotive Aftermarket Market
- Impact of COVID-19 and Demonetization on United Kingdom Automotive Aftermarket Market
- Details on Current Investment in United Kingdom Automotive Aftermarket Market
- Competitive Analysis of United Kingdom Automotive Aftermarket Market
- Prominent Players in the United Kingdom Automotive Aftermarket Market
- SWOT Analysis of United Kingdom Automotive Aftermarket Market
- United Kingdom Automotive Aftermarket Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the United Kingdom Automotive Aftermarket Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United Kingdom Automotive Aftermarket Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United Kingdom Automotive Aftermarket Market
7. United Kingdom Automotive Aftermarket Market, By Replacement Parts (USD Million) 2020-2033
7.1. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Replacement Parts, 2020-20267.2. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Replacement Parts, 2027-20337.3. Battery7.4. Body Parts7.5. Brake Parts7.6. Exhaust Components7.7. Filters7.8. Lighting and Electronic Components7.9. Tire7.10. Turbochargers7.11. Wheels
8. United Kingdom Automotive Aftermarket Market, By Vehicle Type (USD Million) 2020-2033
8.1. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Vehicle Type, 2020-20268.2. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Vehicle Type, 2027-20338.3. Commercial Vehicles8.4. Passenger Cars
9. United Kingdom Automotive Aftermarket Market, By Certification (USD Million) 2020-2033
9.1. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Certification, 2020-20269.2. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Certification, 2027-20339.3. Certified Parts9.4. Genuine Parts9.5. Uncertified Parts
10. United Kingdom Automotive Aftermarket Market, By Distribution Channel (USD Million) 2020-2033
10.1. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Distribution Channel, 2020-202610.2. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Distribution Channel, 2027-203310.3. Retailers
10.3.1. OEM’s10.3.2. Repair Shops
10.4. Wholesalers and Distributors
11. United Kingdom Automotive Aftermarket Market, By Service Channel (USD Million) 2020-2033
11.1. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Service Channel, 2020-202611.2. United Kingdom Automotive Aftermarket Market Size, Share and Forecast, By Service Channel, 2027-203311.3. Delegation to OEM’s (OE)11.4. Do it for me (DIFM)11.5. Do it Yourself (DIY)
12. United Kingdom Automotive Aftermarket Market Forecast, 2020-2033 (USD Million)
12.1. United Kingdom Automotive Aftermarket Market Size and Market Share
13. United Kingdom Automotive Aftermarket Market, By Region, 2020-2033 (USD Million)
13.1. United Kingdom Automotive Aftermarket Market Size and Market Share By Region (2020-2026)13.2. United Kingdom Automotive Aftermarket Market Size and Market Share By Region (2027-2033)13.3. Eastern Region13.4. Northern Region13.5. Eastern Region13.6. Western Region
14. Company Profile
14.1. Euro Car Parts Ltd
14.1.1. Company details14.1.2. Financial outlook14.1.3. Product summary14.1.4. Recent developments
14.2. Kwik-Fit (GB) Limited
14.2.1. Company details14.2.2. Financial outlook14.2.3. Product summary14.2.4. Recent developments
14.3. National Tyres and Autocare Ltd
14.3.1. Company details14.3.2. Financial outlook14.3.3. Product summary14.3.4. Recent developments
14.4. Compagnie Generale des Etablissements Michelin SCA
14.4.1. Company details14.4.2. Financial outlook14.4.3. Product summary14.4.4. Recent developments
14.5. Others
15. Conclusion
16. Reference Links
17. List of Abbreviations
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United Kingdom Automotive Aftermarket Market is projected to reach USD 30.79 billion by 2033, growing at a CAGR of 3.63% during the forecast period.
United Kingdom Automotive Aftermarket Market grew in Market size from 2022. The Market is expected to reach USD 30.79 billion by 2033, at a CAGR of 3.63% during the forecast period.
United Kingdom Automotive Aftermarket Market CAGR of 3.63% during the forecast period.
You can get the sample pages by clicking the link - Click Here
United Kingdom Automotive Aftermarket Market size is USD 30.79 billion from 2024 to 2033.
United Kingdom Automotive Aftermarket Market Segment is covered By Replacement Parts, By Vehicle Type, By Certification, By Distribution Channel, By Service Channel.
The Europe is anticipated to have the highest Market share in the United Kingdom Automotive Aftermarket Market.
The key players in the Market include Companies Covered Euro Car Parts Ltd, Kwik-Fit (GB) Limited, National Tyres and Autocare Ltd, Compagnie Generale des Etablissements Michelin SCA.
The automotive aftermarket service market comprises a diverse range of firms and services that serve to the maintenance, repair, and customizing needs of automobiles beyond their initial sale.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
