The forecast for the number of motor vehicle enterprises in the UK shows a consistent upward trend from 2024 to 2028, increasing from 1.12 to 1.19 thousand enterprises. This represents a steady annual growth, suggesting a resilient and expanding sector.

From 2023, the number of enterprises was slightly below 1.12 thousand, indicating moderate post-pandemic recovery and a positive growth outlook. The annual rate of increase averages at approximately 1.55% over this five-year period.

Future trends to watch for include:

Technological advancements shaping new business models.
Regulatory changes impacting market entry and competition.
Increasing investments in electric and hybrid vehicles influencing enterprise growth.