UAN research highlights UK Aftermarket value

23 July 2014  

The UK’s automotive aftermarket is now estimated to be valued at £2.5 billion per year according to research by United Aftermarket Network (UAN).

The detailed study of the industry has shown that three companies, ECP, Andrew Page and MPD, collectively share around 27% of the total market. In terms of buying groups, three companies, including UAN, account for over 40% of the market.

The report offers a new insight into the workings and future prospects of the UK automotive aftermarket. UAN believe that major buying groups, including GroupAuto, The Parts Alliance, UAN and IFA need to continue to extend their buying power into Europe, as in the long term, purchasing power may be determined by larger EU companies.

UAN’s Rachael Dickinson comments: “Our research reflects the rapidly changing face of the UK automotive aftermarket which has accelerated and grown in the past decade. UAN will be in the forefront of the changes necessary to grow our business and deliver prosperity for suppliers and distributors alike.”

A report by Frost & Sullivan in April highlighted the European market has achieved a value of €100 million with an annual increase of 2.4%, with growth in routine maintenance parts outpacing the market as a whole.

The news comes as media reports about the industry focus on the crisis at Unipart Automotive. It is interesting to note that ECP are in discussions about purchasing the company, although no confirmation of intent has yet been made.