That’s the finding of a new report – the first official industry analysis of the UK automotive aftermarket – published by the Society of Motor Manufacturers and Traders (SMMT).

Carried out by Frost & Sullivan, the report reveals that UK consumers spend an average £695.39 on car maintenance every year – some 12% higher than the average global spend per car of £621.62.

The report also states that compared with other markets there are fewer cars in disrepair, generating excess pollution or needing new brakes on British roads.

The UK aftermarket is already the fourth largest in Europe by car parc size, with more than 30 million vehicles in use requiring regular servicing and maintenance work, and it is set to overtake France to take third place by 2022. By the same measure, it is also the eighth largest sector of its kind in the world; bigger than those in Brazil, Korea, Canada, and even India.

Mike Hawes, SMMT chief executive, said, “The UK’s aftermarket is one of the most competitive in the world and plays a critical role in keeping Britain’s 30 million-plus cars roadworthy. Robust competition and a strong independent sector have helped reduce the cost of vehicle ownership in the UK and provided greater choice to consumers. For this growth to be sustained, however, the sector must stay abreast of evolving vehicle technologies and changing mobility patterns.”