In 2023, the production value for motor vehicles, trailers, and semi-trailers in the UK stood at approximately 83.13 billion Euros. The forecasted growth from 2024 to 2028 shows a steady increase, with an annual compound growth rate (CAGR) averaging about 1.4%. Year-on-year, the percentage increases illustrate consistent growth: 1.46% from 2024 to 2025, 1.40% from 2025 to 2026, 1.35% from 2026 to 2027, and 1.32% from 2027 to 2028.
Future trends to watch include the impact of electric vehicle adoption, regulatory changes, and shifts in supply chains post-Brexit, which may affect production dynamics and market competitiveness in the coming years.
