The Light vehicle production of United Kingdom attained a value of 952,655 Units in 2021
The indicator recorded a historical decline (CAGR) of 14% between 2018 to 2021 and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of 2.67% between 2022 and 2026, reaching...
The Light vehicle production in the United Kingdom (2018 - 2026, Units)
Light vehicle capacity of the United Kingdom
The light trucks market includes all light commercial vehicles (LCVs) and light buses and coaches (LBCs). This includes pick-ups and vans but excludes sports utility and similar vehicles. The market value is calculated in terms of the manufacturer’s selling price (MSP) and excludes all taxes and levies.
The UK light trucks market rebounded strongly in recent years, following a sizable contraction in 2012. Steady consistent growth by both value and value is predicted through the forecast period. LCV sales had the highest volume in the UK light trucks market.
Category segmentation
Light Commercial Vehicles is the largest segment of the light trucks market in the United Kingdom, accounting for nearly complete market volume.
Geography segmentation
France owns the largest share in the European Light vehicle market in terms of capacity. Germany is second in the ranking list.
Competitive landscape
In the UK light trucks market, there are a small number of large companies notably Daimler, General Motors, Volkswagen, and Ford, between whom competition is fierce. The global slowdown impacted the trucks market heavily, with General Motors requiring a US government bailout. However, a positive for the market is that these companies have since performed reasonably well. Companies operating in this market tend to have operations in other markets, such as passenger car manufacture, which reduces their reliance on the light trucks market to an extent.
Who are the leading players?
Ford, one of the oldest car manufacturers in the world, designs, builds, and sells cars, utility vehicles, and trucks. The company's core and affiliated automotive brands include Ford and Lincoln. Ford, through its subsidiaries, also provides vehicle financing services. It operates globally that spreads across North America, Europe, South America, Asia Pacific, and Africa.
Daimler AG
Daimler is one of the leading vehicle manufacturers in the world offering a range of automobiles, trucks, vans, and buses. The company also offers a choice of tailored automotive services and automotive financial services, including financing, leasing, insurance, and fleet management. Daimler has production facilities worldwide.
GM designs manufacture and markets automotive products worldwide. GME is engaged in sales, manufacturing and distribution operations across Western and Central Europe. In addition to Western and Central Europe, the segment includes Eastern Europe (including Russia and the other members of the Commonwealth of Independent States among others).
Volkswagen AG (Volkswagen) is one of the world's leading automobile manufacturers and the largest carmaker in Europe. It markets its vehicles under the following brands: Volkswagen, Audi, Skoda, Porsche, SEAT, MAN, Bentley, Scania, Bugatti, and Lamborghini.
Germany
Japan
United States of America
United States of America
Netherlands
Germany
Germany
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South Korea
United States of America
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