The market is dominated by foreign suppliers, as imports account for 76.9% of total market size in 2023. B2B drives market demand, with B2B spending representing 49.8% of total demand in 2023. The UK has the second largest market size for motor vehicles and parts regionally, with demand reaching USD178 billion in 2023. Jaguar Land Rover Ltd is the largest company in the UK, generating 30.2% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 63.3% of total production value in 2023. The total number of companies decreases in 2023, to 8,451 units. The costs of the industry increase by 9.5% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 9.4% of production value in 2023, the 15th highest regionally. The industry’s exports share increases in 2023 to 66.0% of total production output. With production value of USD101 billion, the UK accounts for 9.1% of the Western Europe total in 2023.
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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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