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 wear and tear parts on an annual basis.
Despite only having a relatively small volume in 2011, shock absorbers are proportionally one of the most valuable components in the aftermarket. This component is expected to experience a decrease of almost 9% in sales by 2015 and, while this equates to smaller losses than some other parts, the financial ramifications will be profound.
As developments progress in the improvement of the passenger car, batteries will be required to evolve in order to serve the needs of technological advances. These next-generation batteries are expected to be fully integrated into the market with the next four to five years.
Of the wear and tear components expecting a decline, the windscreen wiper blade market anticipates one of the smaller contractions. While this may appear positive, this particular component is relatively low cost and, as such, requires higher volume in order to maintain its market value.