The forecasted output for Motor Vehicles, Trailers, and Semi-Trailers in the UK indicates moderate growth. In 2023, the industry stood at €80.5 billion. By 2028, it is expected to reach €87.81 billion, reflecting a compound annual growth rate (CAGR) of approximately 1.7% over the five-year period. Year-on-year growth is modest, with an average increase of 1.8% from 2024 to 2028.

Future trends to watch for:

Investment in electric vehicles and green technologies could significantly influence growth.
Potential changes in trade regulations and tariffs post-Brexit may impact production costs and export potential.
Supply chain disruptions and technological advancements in manufacturing processes might alter the growth trajectory.