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 stalling consumption of service parts on an annual basis.
Changes in the filter market will be driven by the age of the Western European car parc. As many new cars are fitted with cabin filters, there will be increased demand for this component over the coming years. Furthermore, new diesel car sales are increasing, which will boost demand for diesel filters, but lead to a slump for petrol filter sales.
The increasing dieselization of the Western European car parc will impact the dynamics of the spark and glow plug market. As more Western motorists switch to diesel-powered vehicles, due to improved fuel efficiency, the consumer demand for glow plugs will rise, while leading to the contraction of the spark plug market.
While mineral and semi-synthetic motor oils were previously the market leaders, there has been a noticeable shift towards synthetic oils in Western Europe. As the retail price for synthetic oil is higher, this will help to keep the value of the market high over the next four years, despite sales remaining static.