Motor Vehicle Parts Retailers in the UK - Market Research Report (2014-2029)

Driving up: New car sales continue to fall in 2022-23, maintaining demand for replacement parts

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.

Revenue is projected to dip at a compound annual rate of 1.3% to £8 billion over the five years through 2023-24, including growth of 2.4%, when the average profit margin will be 9.6%. Higher fuel prices is limiting car usage and weighing on sales. New car sales continue to fall in the short term, maintaining demand for replacement parts as the average age of UK fleet rose. Revenue benefits from the steady expansion in the number of vehicles in use raising the need for replacement parts.

Companies in this industry sell motor vehicle parts, such as batteries, spark plugs, tyres and electrical components, directly to the public. Wholesale activities, such as bulk sales to car mechanics who use the parts when carrying out repairs, are not included in the industry.