In 2023, the turnover for motor vehicles, trailers, and semi-trailers in the UK was approximately 97 billion Euros. From 2024 to 2028, the turnover is forecasted to increase steadily, with values reaching 103.49 billion Euros by 2028. The year-on-year growth rate averages around 1.3%. The five-year compound annual growth rate (CAGR) is approximately 1.1%, indicating consistent but modest growth over the period.

Future trends to watch for:

Growth in electric and alternative fuel vehicles as environmental regulations tighten.
Continued supply chain adjustments post-pandemic could influence production and turnover.
Technological advancements in vehicle manufacturing may drive efficiency and reduce costs.