Industry Analysis & Industry Trends
The Motor Vehicle Manufacturing industry endured a bumpy ride during the economic downturn, although the industry is now well on the road to recovery. Consumer and business confidence were slightly unstable at the start of the period, while the pound depreciated, which affected the stability of industry revenue. Despite poor conditions, production rose significantly in 2010-11, supporting industry revenue, and this trend has continued over the past five years. A number of manufacturers have had considerable success exporting cars to developing countries, while domestic new car registrations have reached record levels. Overall, the industry is expected to grow at a compound annual rate of 6.8% over the five years through 2015-16 to reach £52.9 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Motor Vehicle Manufacturing industry is estimated to be in the mature stage of its life cycle. Industry value added is expected to grow at a compound annual rate of 6.1% over the 10 years through 2020-21. Meanwhile, the UK economy is expected to grow at a compound annual rate of 2.1% over the same period. Although this shows that the industry's contribution to the UK economy is expected to grow over the decade, it has grown from a particularly low base during the worst of the economic downturn. Therefore, the industry is only considered to be in its mature stage.
The market for cars in the United Kingdom is mature, with over 75% of households owning at least one vehicle. The replacement cycle has also increased over the past decade due to improvements in vehicle technology... purchase to read more