Intro: Dive into the world of auto parts with our UK Car Aftermarket 2022 Report. It covers everything from how living costs influence car owners’ decisions to current trends in parts demand. Curious about the car parts market? You’re in the right place!
Market Shifts: The auto parts sector isn’t immune to inflation. With rising costs for materials, labor, and shipping, some car parts might see a 5% to 20% price jump this year.
Market Insights: Surging prices might push some to cheaper alternatives. But, a fun fact: Mintel reveals that more women under 35 are shopping for auto parts online. As online shopping booms, this trend can be a game-changer!
Quick Stats:
- Expected market value by 2027: £7.3 billion.
- 53% of car owners replace unfixable parts.
- Majority (68%) shop from sites like Halfords.
- 82% drive traditional cars, and 11% have gone hybrid or electric.
Trend Watch: Old cars aren’t retiring anytime soon, and electric vehicles are on the rise. Also, ‘sustainability’ is the word – remanufactured parts are catching on.
Deep Dive: For those wanting more, our UK Car Finance Market Report 2022 and other Automotive Market Research Reports are waiting for you.
Key Points: The pandemic and today’s economic challenges shape the car parts market. Things to note:
- Trends in parts demand.
- Popular buying platforms.
- Maintenance’s role in driving sales.
- Shifts in online buying.
- Living costs’ influence on choices.
Scope: Parts covered: From shock absorbers to batteries. Brands spotlighted: Goodyear, Michelin, Halfords, and more.
Expert’s Corner: Neil Mason, a renowned auto analyst, shares his take. With prices going up, he predicts a delay in parts replacement or a tilt towards budget-friendly options.
In Short: 2022’s auto parts market in the UK faces challenges, but with rising online shopping and a focus on eco-friendly options, there’s a silver lining.
