Industry Analysis & Industry Trends
The Motor Vehicle Manufacturing industry has been recovering quickly thanks to considerable success exporting cars to developing countries, and soaring domestic new car registrations supported by growing consumer confidence, cheap financing deals and rising disposable incomes. Overall, the industry is expected to grow at a compound annual rate of 4.6% over the five years through 2016-17 to reach £55.4 billion. Industry profitability has also increased over the past five years as a result of falling steel and fuel prices and the effects of a strengthening pound on input prices.
The industry is expected to grow by 3.8% in 2016-17, despite widespread uncertainty due to the result of the EU referendum... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Motor Vehicle Manufacturing industry has a moderate level of concentration and the top four players are expected to account for 48% of industry revenue in 2016-17. Furthermore, the eight largest players are forecast to account for 62.5% of revenue in 2016-17. These players control the majority of the industry, with most of the remaining companies controlling very insignificant shares. However, no player has true market power because the industry is highly globalised and manufacturers face severe import competition, sometimes from their own plants located in other countries.
In 2008, Ford sold Land Rover and Jaguar to Tata Motors, which led to a decline in Ford's market share. Since then, Jaguar Land Rover has expanded the production of Jaguar and Land Rover models... purchase to read more