UK Automotive After Market Size & Outlook, 2023-2030
UK automotive aftermarket market, 2017-2030 (US$M)
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UK automotive aftermarket market highlights
- The UK automotive aftermarket market generated a revenue of USD 16,465.9 million in 2023 and is expected to reach USD 19,130.2 million by 2030.
- The UK market is expected to grow at a CAGR of 2.2% from 2024 to 2030.
- In terms of segment, tire was the largest revenue generating replacement part in 2023.
- Turbochargers is the most lucrative replacement part segment registering the fastest growth during the forecast period.
Automotive aftermarket market data book summary
| Market revenue in 2023 | USD 16,465.9 million |
| Market revenue in 2030 | USD 19,130.2 million |
| Growth rate | 2.2% (CAGR from 2023 to 2030) |
| Largest segment | Tire |
| Fastest growing segment | Turbochargers |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tire, Battery, Brake Parts, Filters, Body parts, Lighting & Electronic components, Wheels, Exhaust components, Turbochargers |
| Key market players worldwide | 3M Co, Continental AG, Goodyear Tire & Rubber Co, Denso Corp, HELLA GmbH & Co KGaA, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, UK accounted for 3.7% of the global automotive aftermarket market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany automotive aftermarket market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 19,130.2 million by 2030.
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Automotive Aftermarket Market Scope
Automotive Aftermarket Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK automotive aftermarket market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive aftermarket market will help companies and investors design strategic landscapes.
Tire was the largest segment with a revenue share of 24.87% in 2023. Horizon Databook has segmented the UK automotive aftermarket market based on tire, battery, brake parts, filters, body parts, lighting & electronic components, wheels, exhaust components, turbochargers covering the revenue growth of each sub-segment from 2017 to 2030.
According to the estimates of the Department for Transport in the UK, the number of road traffic accidents in the country were 160,597 in 2018. The accident rate in UK in future is predicted to be moderate owing to rising government regulations on driving and vehicle safety.
According to the estimates of the Department for Transport in the UK, the number of licensed vehicles in operation in the UK were 38.2 million units in 2018, an increase of 1.2% as compared to that in 2017.
According to the department, over the last 20 years, on an average 630,000 units of licensed vehicles have been added each year in the UK. The trend is expected to continue in the coming years, which, in turn, is likely to propel the demand for aftermarket glass.
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Target buyers of UK automotive aftermarket market databook
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Our clientele includes a mix of automotive aftermarket market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UK automotive aftermarket market , including forecasts for subscribers. This country databook contains high-level insights into UK automotive aftermarket market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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UK automotive aftermarket size, by replacement part, 2017-2030 (US$M)
UK Automotive Aftermarket Market Outlook Share, 2023 & 2030 (US$M)
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