The market is dominated by foreign suppliers, as imports account for 78.6% of total market size in 2022. Households drive market demand, with household spending representing 54.0% of total demand in 2022. The UK has the third largest market size for motor vehicles and parts regionally, with demand reaching USD153 billion in 2022. Jaguar Land Rover Ltd is the largest company in the UK, generating 29.7% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 63.1% of total production value in 2022. The total number of companies increases in 2022, to 10,293 units. The costs of the industry decrease by 5.8% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 9.1% of production value in 2022, the 14th highest regionally. The industry’s exports share increases in 2022 to 65.8% of total production output. With production value of USD77.4 billion, the UK accounts for 8.0% of the Western Europe total in 2022.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in the United Kingdom: ISIC 34. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Motor Vehicles and Parts in the United Kingdom: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of aircraft and spacecraft, motors vehicles, trailers and semi-trailers, motocycles, bicycles and other transport equipment, railway and tramway locomotives and rolling stock, and ships and boats.
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