New Cars in United Kingdom (UK) - Market Summary, Competitive Analysis and Forecast to 2026
Summary
New Cars in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-21, and forecast to 2026). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickups used predominantly in North America, and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country.
- The UK new cars market is forecast to generate total revenues of $58.1bn in 2021, representing a compound annual rate of change (CARC) of -5.1% between 2017 and 2021.
- Market consumption volume is forecast to decline with a CARC of -6.8% between 2017 and 2021, to reach a total of 1,958.9 thousand units in 2021.
- The economic growth was at 1.9% in 2017 and slowed down to 1.3% in 2018 due to the ongoing chaos over Brexit. This negative condition took full effect in recent years as consumers put off new car purchases.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in the United Kingdom
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in the United Kingdom
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom new cars market with five year forecasts
- What was the size of the United Kingdom new cars market by value in 2021?
- What will be the size of the United Kingdom new cars market in 2026?
- What factors are affecting the strength of competition in the United Kingdom new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up the United Kingdom's new cars market?
Companies Mentioned
Volkswagen AG
Bayerische Motoren Werke AG
Ford Motor Company Limited
Groupe PSA (Inactive)
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Geography segmentation
- 1.6. Market share
- 1.7. Market rivalry
- 1.8. Competitive Landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. How are strategic alliances used by the leading companies?
- 7.4. How is new technology opening up competition?
- 7.5. How are leading players progressing in the hybrid and electric cars segment?
- 7.6. What impact is the COVID-19 pandemic having on leading players?
- 8 Company Profiles
- 8.1. Volkswagen AG
- 8.2. Bayerische Motoren Werke AG
- 8.3. Ford Motor Company Limited
- 8.4. Groupe PSA (Inactive)
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: United Kingdom new cars market value: $ billion, 2017-21(e)
- Table 2: United Kingdom new cars market volume: thousand units, 2017-21(e)
- Table 3: United Kingdom new cars market geography segmentation: $ billion, 2021(e)
- Table 4: United Kingdom new cars market value forecast: $ billion, 2021-26
- Table 5: United Kingdom new cars market volume forecast: thousand units, 2021-26
- Table 6: United Kingdom new cars market share: % share, by volume, 2021(e)
- Table 7: Volkswagen AG: key facts
- Table 8: Volkswagen AG: Annual Financial Ratios
- Table 9: Volkswagen AG: Key Employees
- Table 10: Volkswagen AG: Key Employees Continued
- Table 11: Volkswagen AG: Key Employees Continued
- Table 12: Bayerische Motoren Werke AG: key facts
- Table 13: Bayerische Motoren Werke AG: Annual Financial Ratios
- Table 14: Bayerische Motoren Werke AG: Key Employees
- Table 15: Bayerische Motoren Werke AG: Key Employees Continued
- Table 16: Ford Motor Company Limited: key facts
- Table 17: Ford Motor Company Limited: Key Employees
- Table 18: Groupe PSA (Inactive): key facts
- Table 19: Groupe PSA (Inactive): Key Employees
- Table 20: Groupe PSA (Inactive): Key Employees Continued
- Table 21: United Kingdom size of population (million), 2017-21
- Table 22: United Kingdom gdp (constant 2005 prices, $ billion), 2017-21
- Table 23: United Kingdom gdp (current prices, $ billion), 2017-21
- Table 24: United Kingdom inflation, 2017-21
- Table 25: United Kingdom consumer price index (absolute), 2017-21
- Table 26: United Kingdom exchange rate, 2016-20
- List of Figures
- Figure 1: United Kingdom new cars market value: $ billion, 2017-21(e)
- Figure 2: United Kingdom new cars market volume: thousand units, 2017-21(e)
- Figure 3: United Kingdom new cars market geography segmentation: % share, by value, 2021(e)
- Figure 4: United Kingdom new cars market value forecast: $ billion, 2021-26
- Figure 5: United Kingdom new cars market volume forecast: thousand units, 2021-26
- Figure 6: Forces driving competition in the new cars market in the United Kingdom, 2021
- Figure 7: Drivers of buyer power in the new cars market in the United Kingdom, 2021
- Figure 8: Drivers of supplier power in the new cars market in the United Kingdom, 2021
- Figure 9: Factors influencing the likelihood of new entrants in the new cars market in the United Kingdom, 2021
- Figure 10: Factors influencing the threat of substitutes in the new cars market in the United Kingdom, 2021
- Figure 11: Drivers of degree of rivalry in the new cars market in the United Kingdom, 2021
- Figure 12: United Kingdom new cars market share: % share, by volume, 2021(e)
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