In 2024, the production of motor vehicles, motorcycles, and related wholesale and retail trade and repairs in the UK is forecasted at 409.0 billion pounds. There is a steady growth trend observed in subsequent years, with values increasing to 417.67 billion in 2025, 426.16 billion in 2026, 434.48 billion in 2027, and 442.64 billion in 2028.
Year-on-year variations highlight a consistent growth rate with around a 2.1% annual increase. The compound annual growth rate (CAGR) indicates a roughly 2.0% average annual rise from 2024 to 2028.
- Expect continuous technological advancements and increased incorporation of electric vehicles in production and sales.
- Watch for regulatory changes impacting the automotive sector and potential shifts toward sustainability.
- Global supply chain dynamics, particularly post-Brexit, could influence growth projections.