Tyre dominance in overall aftermarket beginning to diminish

2nd July 2019 | 0 Comments
 
Tyre dominance in overall aftermarket beginning to diminish
Brakes are the most important aftermarket part after tyres, in terms of market value

The value of the United Kingdom (UK) automotive aftermarket grew by 4.9 per cent during the course of 2018. According to MarketLine, which produces its data in US-dollars across all markets worldwide, this means the UK automotive aftermarket was and is worth $28.5 billion (£22.53 billion) a year. However, the same research suggests that the value of the UK automotive aftermarket sector is increasing and in 2023 is forecast to be worth $34.4 billion (£27.2 billion), up 20.7 per cent compared with 2018.

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