The market is dominated by foreign suppliers, as imports account for 64.8% of total market size in 2020. Households drive market demand, with household spending representing 58.1% of total demand in 2020. The UK has the second largest market size for motor vehicles and parts in the region, with demand reaching USD129 billion in 2020. Jaguar Land Rover Ltd is the largest company in the UK, generating 29.5% of the industry’s total production value in 2020. The industry is concentrated, with the top five companies generating 62.7% of total production value in 2020. The total number of companies decreases in 2020, to 6,896 units. The costs of the industry decrease by 24.8% in 2020, largely driven by declining B2B costs. The industry’s profitability increases and stands at 11.0% of production value in 2020, the 11th highest in the region. The industry’s exports share decreases in 2020 to 51.7% of total production output. With production value of USD75.2 billion, the UK accounts for 8.8% of the Western Europe total in 2020.
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This Euromonitor industrial report provides unique information on Motor Vehicles and Parts in the UK: 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 UK: ISIC 34 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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