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Motor Vehicle Parts & Accessories Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Motor Vehicle Parts & Accessories Manufacturing Market Research Report | SIC C29.300 | Oct 2016

Driving forward: The depreciation of the pound is expected to boost industry exports

IBISWorld’s Motor Vehicle Parts & Accessories Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Calsonic Kansei UK Ltd Calsonic Kansei UK Ltd market share
Lear Corporation (UK) Ltd Lear Corporation (UK) Ltd market share
Industry Statistics & Market Size
Revenue
£12bn
Annual Growth 12-17
1.8%
Annual Growth 17-22
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Profit
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Employment
61,415
Businesses
1,256
Industry Analysis & Industry Trends

The industry has been on the road to recovery over the past five years. Despite a faltering economic recovery causing a contraction in revenue in 2012-13, parts and accessories manufacturers have benefited from moderate growth overall. Domestic car sales rose, bolstered by rising consumer confidence, the wider availability of cheap car finance deals and the greater fuel efficiency of new cars and reigniting demand from motorists. Sales of parts to domestic producers that export vehicles to North America and several emerging markets have improved significantly over the past five years. Motor vehicle manufacturers have stepped up production in the face of improved worldwide demand, which in turn has boosted sales of vehicle parts and accessories... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Motor Vehicle Parts and Accessories industry is expected to be in the mature stage of its life cycle. The industry's contribution to the economy is forecast to grow at a compound annual rate of 1.3% over the 10 years through 2021-22. Meanwhile, GDP is forecast to increase at a compound annual rate of 2.3% over the same period. This indicates that the industry is growing at a slightly slower pace than the economy, which points to a mature industry. As more prosperous economic conditions have returned, demand for industry products has risen. However, enterprise numbers are still estimated to have declined over the past five years and are expected to rise at a modest pace over the next five years.

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Industry ProductsRelated ReportsTable of Contents

What is the Motor Vehicle Parts & Accessories Manufacturing Industry?

Companies in this industry manufacture parts and accessories for use in motor vehicles. Parts include brakes, gearboxes, electrical and electronic components, clutches, seats and parts and accessories of motor vehicle bodies. The industry excludes the manufactures of motor vehicle engines, tyres and batteries. The industry also excludes the maintenance, repair and alteration of motor vehicles.

Industry Products
Parts and accessories for bodiesSeats, seat belts and airbagsGearboxes, axles and clutchesBrakes, road wheels and suspension systemsRadiators, silencers and exhaust pipesElectrical and electronic equipmentOther parts and accessories
 
Industry Activities
Manufacturing electrical and electronic equipmentManufacturing parts and accessories of motor vehicle bodiesManufacturing other parts and accessories for motor vehicles


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