The Parc of Toyota vehicles in United Kingdom attained a value of 1,394,206.19 Units in 2020
The indicator recorded a historical decline (CAGR) of 1.25% between 2017 to 2020, and is expected to decline by...
GlobalData projects the indicator to grow at a CAGR of...
Parc of Toyota vehicles in the United Kingdom (2017 - 2025, Units)
Company Summary
Toyota Motor Corp (Toyota) designs, manufactures, and sells passenger cars, minivans, buses, trucks, specialty cars, recreational and sport-utility vehicles. The company provides financing to dealers and customers for the purchase or lease of vehicles. The company is also involved in housing, financial services, telecommunications, and information technology businesses. Toyota’s financial services include retail leasing, retail financing, insurance, and wholesale financing. It operates across the Americas, Europe, Africa, Asia Pacific, and the Middle East. Toyota is headquartered in Toyota City, Aichi, Japan.
Parc status
Toyota has remained in the ninth and tenth position in the count of PARC by manufacturer ranking since 2015 and is projected to maintain the same ranking till 2021. However, globaldata predicts its rank to improve to seventh and sixth position from 2022 onwards.
Digital Transformation Strategy
Toyota is emphasizing accelerating digital growth and serving clients better. It is investing in emerging technologies to maintain its segment operations, drive site traffic, and revive its business prospects amid COVID-19. Toyota Philippines has teamed up with Appier for customer targeting, geo-targeting, and cross-screen targeting to improve website traffic, provide personalized services like assistance on existing loans, warranty, new financing package and maintenance to its customers, and increase its slow down sales. Moreover, Toyota is focusing on developing electric vehicles based on customer demands.
Launching innovation centers to unravel novel opportunities
Toyota AI Ventures along with Toyota Research Institute (TRI) launched The Call for an Innovation initiative to promote innovations around robotics technology. It made a significant amount of investment in startups working on mobile technologies for assistive robots. Toyota also launched open innovation program, Toyota Next, to promote the joint development of new products and services. The company is also focusing on developing robots for the home, machine-assisted cognition technology, and smart home applications.
Innovation Programs
Toyota Next
Launched in 2017, Toyota Next is an open innovation program that promotes the development of new products and services in collaboration with companies participating in the program. It reviews and accepts proposals for new services submitted by SMEs, startups, and research institutions, and leverages their innovative ideas, technologies, and solutions to jointly develop new services. It also provides participants with access to Toyota’s assets including Smart Key Box, Translog, T-Connect, and TC Smartphone Navigation App among others.
Toyota Mobility Foundation
Established in 2014, Toyota Mobility Foundation utilizes Toyota’s technology expertise to develop innovative tools, solutions, and technologies to solve urban transportation challenges. The foundation works together with universities, government, non-profit organizations, and research institutions around the globe to build mobility solutions.
Toyota Blockchain Lab
In April 2019, Toyota along with Toyota Financial Services Corporation launched a virtual organization named Toyota Blockchain Lab. The unit aims to explore, verify, and test the potential use cases of blockchain technology in collaborations with group businesses. Through this initiative, Toyota aims to connect people and businesses by creating a safe and secure environment. It also aims to explore further possible uses for blockchain technology in supply chain management and mobility to grow their transportation and connectivity services.
From : https://auto.globaldata.com/Company/Summary/toyota_motor_corporation
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