Executive Summary
The apparent UK market for autoparts is estimated by Key Note to be worth
£6.22bn in 1996, which includes estimated sales to original equipment
manufacturers (OEMs). It does not include the OEMs own manufacture of
autoparts. The market still remains static, with increases due mainly to sales
to OEMs, rather than to the aftermarket. The market's growth rate in 1996 was
considered by Key Note to be 4.5%.
The market is considered to be divided by type of purchaser into two sectors,
the OEMs and the aftermarket for replacement parts. Important subsectors within
the replacement autoparts market are tyres (estimated at £850m), brake
components (estimated at £575m), exhausts (estimated at £290m) and
batteries (estimated at £240m). The fast-fit chains are also considered in
the report, as they are an integral part of the autoparts market.
The market has been affected primarily by the slump in the vehicle production
industry in recent years, although commercial vehicle sales have been showing
some upturn. Budget tyres from South Korea, Taiwan, Malaysia, Poland, Slovenia
and Indonesia have gained between 20% and 25% of the market by volume. The
electrical sector has seen a major manufacturer, Lucas PLC, being forced to
review its operations and concentrate on core businesses following a merger
with Varity.
The major autoparts manufacturers have been concentrating their efforts on the
developing markets around the world, and many have set up joint venture
factories overseas to address these emerging markets. All the major autoparts
manufacturers have stated that they are determined to improve their global
presence. The move by car manufacturers towards single sourcing, even on a
worldwide basis, means that mergers and rationalisation of operations will be a
key issue in the autoparts sector over the next 5 years.
The market for autoparts is predicted to grow to £8.39bn by the year 2001.
The Japanese car assemblers in the UK have made encouraging comments concerning
volume growth, and there are a number of new small cars due to start production
on British assembly lines before the year 2000. Continuing pressure to reduce
emissions will lead to greatly increased sales of engine control electronics
and more sophisticated catalytic converters. In-car electronics for navigation
and traffic management information are expected to become standard items in
mid- and top-range cars within the next 5 years.
Twelfth Edition 1997
Edited by Russell Langley
ISBN 1-85765-680-6
|
If you are interested in further information about the full Keynote report, including price and how to buy, please complete the following form. You will be contacted by Keynote who will provide you with the information you require.
Denotes a required field.
