In 2023, the UK's sold production of base metal mountings and fittings suitable for motor vehicles stood at 2.75 million kilograms. Forecast data for 2024 through 2028 indicates a consistent upward trend, starting at 2.84 million kilograms in 2024 and reaching 3.20 million kilograms by 2028. Each year, the data reflects an average increase of 3-4% in production volume.
Future trends to watch for:
- Advancements in vehicle technology and lightweight material innovations could drive further demand.
- Environmental regulations and a shift towards electric vehicles might influence production volumes.
- Economic factors, including supply chain adjustments post-Brexit, could impact the forecasted growth trajectory.