In 2023, the actual production of sheet metal forming of steel as parts for land vehicles in the UK was slightly below 1.0561 billion euros. Forecast data from 2024 indicates a steady annual growth of approximately 1.2% to 1.3%, with production values reaching 1.1068 billion euros by 2028.
- From 2024 to 2025, the production grows by 1.24%.
- From 2025 to 2026, it increases by 1.20%.
- Between 2026 and 2027, there is a growth of 1.15%.
- From 2027 to 2028, the rise is 1.13%.
Over the five-year period, the compound annual growth rate (CAGR) is approximately 1.23%.
Future trends to watch for include technological developments affecting production efficiency, potential disruptions in the automotive sector, and shifts in demand for electric and hybrid vehicles, which may influence material requirements and production scale.
