The UK Motor Vehicles Parts and Accessories Market has shown significant fluctuations between 2012 and 2022. The market experienced major peaks in 2014 and 2018, with notable declines in 2015, 2019, and particularly in 2020 due to the pandemic. The overall growth from 2012 to 2022 averaged a modest compound annual growth rate (CAGR) of 0.47%. Recent years (2021-2022) displayed positive recovery trends with a year-on-year increase of 14.88% in 2021 and 5.64% in 2022.
For future trends, watch for:
- The impact of electric vehicle (EV) adoption on parts and accessories.
- Supply chain adjustments post-Brexit and in response to global disruptions.
- Technological advancements in automotive parts and accessories.
| # | 45 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 235,410,000,000 | 2023 | +4.39% | +0.72% | View data |
| 2 | 2 Germany | 156,470,000,000 | 2023 | +1.79% | +1.62% | View data |
| 3 | 3 Japan | 115,890,000,000 | 2023 | -1.84% | -2.75% | View data |
| 4 | 4 France | 74,756,000,000 | 2023 | +0.83% | -0.36% | View data |
| 5 | 5 United Kingdom | 66,161,000,000 | 2023 | +0.35% | -0.9% | |
| 6 | 6 Spain | 64,424,000,000 | 2023 | -0.79% | -1.57% | View data |
| 7 | 7 Italy | 44,907,000,000 | 2023 | +0.12% | -1.11% | View data |
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