While the general trend in mature markets is for declining average mileage in lieu of higher vehicle ownership ratios per household, the ongoing economic stagnation is causing motorists to seek financial savings by substituting vehicle use, thus decelerating their vehicles' wear rates and as a result reducing consumption of service parts on an annual basis.
There is a growing trend among vehicle manufacturers to provide built-in petrol filters in the tanks of new vehicles that are designed to last for the life of the vehicle. While this is not yet commonplace across the market, it is predicted to have a catastrophic effect on the petrol filter aftermarket in the next 10 years.
The value of the spark plug market has remained static, in spite of falling demand. High raw material prices, particularly for the precious metals iridium and platinum, are expected to keep manufacturing costs inflated, which in turn will be passed on to the consumer in the form of higher retail prices.
There has been a noticeable shift towards synthetic oils as the most popular type of motor oil amongst consumers, whereas previously the lower priced semi-synthetic and mineral oils were the market leaders. As synthetic oils sell at higher retail prices, this will help to keep the value of the market high over the next four years.