Trailing off: Dwindled car production numbers are denting revenue in 2023-24
The Trailer, Caravan and Motor Vehicle Body Manufacturing industry declined because of lower domestic car production since 2018. Road freight companies and car producers are the main markets, and the activity level determines manufacturers success. Total freight volumes are climbing because of greater online shopping, stimulating demand for trailers and semi-trailers. The COVID-19 outbreak decimated orders for all products; car production fell by 29.3% in 2020, tanking orders as production stopped and trailer and caravan sales also dipped in 2020-21, leading to a severe revenue drop of 19.7%. The Trailer, Caravan and Motor Vehicle Body Manufacturing industry is forecast to decline at a compound annual rate of 4.6% to £3.5 billion over the five years through 2023-24, including anticipated growth of 0.3% in 2023-24.
Companies in this industry manufacture bodies for motor vehicles, trailers, semi-trailers, caravans and containers used for transport purposes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Swindon Pressings Limited
Methodology
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