Industry Analysis & Industry Trends
The Motor Vehicle Manufacturing industry endured a bumpy ride during the worst of the economic downturn, although industry conditions have since accelerated. Consumer and business confidence plummeted during the economic downturn, causing industry revenue to collapse in 2009-10. Conditions have since improved, with production rising significantly in 2010-11 and then continuing to grow strongly over the past five years. A number of manufacturers have had considerable success exporting cars to developing countries. For example, the industry's most dominant operator, Jaguar Land Rover, has grown at a remarkable rate over the past five years through the use of this strategy. Overall, the industry is expected to grow at a compound annual rate of 6.5%... 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 4.5% 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