Driving sales: An increased average age of the UK fleet is raising demand for motor vehicle parts
Motor Vehicle Parts Wholesaling in the UK
The Motor Vehicle Parts Retailers industry's performance has been restricted in recent years. Falling new car sales and declining car production activity have lowered demand for premium parts, squeezing revenue growth. The total number of vehicles on UK roads is rising, sustaining downstream demand. The cost-of-living crisis means customers are shunning new car sales for used cars, raising the average age of the UK fleet. Lower production volumes are reducing parts sold for car assembly. Revenue is projected to swell at a compound annual rate of 0.3% to £17.6 billion over the five years through 2022-23, including an expected growth of 2.5%.Companies in this industry wholesale a wide variety of motor vehicle parts and accessories, including tyres, spark plugs, engines and batteries. Retail sales direct to the public are not included in the industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY
INDUSTRY PERFORMANCE
PRODUCTS & MARKETS
COMPETITIVE LANDSCAPE
OPERATING CONDITIONS
KEY STATISTICS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Euro Car Parts Ltd
Methodology
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