Automotive Market in UK was accounted at 1.75 Mn. units in 2022. Automotive Market in UK size is estimated to grow at a CAGR of 6.1% over the forecast period.
Automotive Market in UK Overview:
The Automotive Market in UK analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the Automotive Market in UK, as well as the causes for variances in the industry’s growth in various places
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Automotive Market in UK Scope:
To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.
Automotive Market in UK Drivers:
The government has set lofty targets to reach Net Zero while also levelling the country by distributing skills, resources, and opportunities. Both goals are centered on the automotive industry. Moving away from the Internal Combustion Engine (ICE) is a critical next step on the UK's journey to Net Zero, and the UK has set one of the most aggressive objectives for phasing out ICE vehicles, with a passenger car end-of-sale date of 2030. In locations where genuinely skilled jobs are few and far between, the automotive sector employs skilled employees of all kinds - from PhDs in design to apprenticeships and BTECs in engineering.
While the cost of producing zero-emission vehicles is decreasing, it is not fast enough for the sector to meet the 2030 target while maintaining its global market share and production volume. Unlike other major nations, the UK has yet to match its ambition with equal investment in battery manufacturing incentives, charging networks, and affordable sustainable energy. According to independent researchers, the UK will only have 12 GWh of lithium-ion battery capacity by 2025, compared to 164 GWh in Germany, 91 GWh in the United States, and 32 GWh in France.
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Automotive Market in UK Segmentation:
by Vehicle Type
Passenger Cars
LCVs
HCVs
Electric Vehicles
by Sales Type
Business
Private
Fleet
Automotive Market in UK Key Players: The key players are
1. Aston Martin
2. Bentley
3. Caterham Cars
4. Daimler
5. Jaguar
6. Lagonda
7. Land Rover
8. Lister Cars
9. Lotus
10. McLaren
11. MG
12. Mini
13. Morgan
14. Rolls-Royce
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Regional Analysis:
Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the Automotive Market in UK study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.
Key Questions Answered in the Automotive Market in UK Report are:
1] What segments are covered in the Global Automotive Market in UK report?
2] Which region is expected to hold the highest share in the Global Automotive Market in UK?
3] What is the market size of the Global Automotive Market in UK by 2029?
4] What is the forecast period for the Global Automotive Market in UK?
5] What was the market size of the Global Automotive Market in UK in 2022?
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