New Cars in the United Kingdom (UK) - Market Summary, Competitive Analysis and Forecast to 2024

New Cars in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2015-19, and forecast to 2024). 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 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. Any currency conversions used in this report have been calculated at constant 2019 annual average exchange rates.
The UK new cars market had total revenues of $64.5bn in 2019, representing a compound annual rate of change (CARC) of -1.9% between 2015 and 2019.
Market consumption volumes declined with a CARC of -3.2% between 2015 and 2019, to reach a total of 2,311.1 thousand units in 2019.
Consumer and business confidence were hit in mid-2016 by the uncertainty caused by Brexit, slowing demand. This negative condition took full effect in recent years as consumers put off new car purchases in the face of sluggish economic growth and uncertainty.

Scope

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 by both value and volume

Reasons to Buy

What was the size of the United Kingdom new cars market by value in 2019?
What will be the size of the United Kingdom new cars market in 2024?
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?
Who are the top competitiors in the United Kingdom's new cars market?

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 & 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. Daimler AG
8.3. Ford Motor Company Limited
8.4. Groupe PSA

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About

List of Tables

Table 1: United Kingdom new cars market value: $ billion, 2015-19
Table 2: United Kingdom new cars market volume: thousand units, 2015-19
Table 3: United Kingdom new cars market geography segmentation: $ billion, 2019
Table 4: United Kingdom new cars market value forecast: $ billion, 2019-24
Table 5: United Kingdom new cars market volume forecast: thousand units, 2019-24
Table 6: United Kingdom new cars market share: % share, by volume, 2019
Table 8: Volkswagen AG: Key Employees
Table 9: Volkswagen AG: Key Employees Continued
Table 11: Daimler AG: Key Employees
Table 12: Daimler AG: Key Employees Continued
Table 14: Ford Motor Company Limited: Key Employees
Table 16: Groupe PSA: Key Employees
Table 17: Groupe PSA: Key Employees Continued
Table 18: United Kingdom size of population (million), 2015-19
Table 19: United Kingdom gdp (constant 2005 prices, $ billion), 2015-19
Table 20: United Kingdom gdp (current prices, $ billion), 2015-19
Table 21: United Kingdom inflation, 2015-19
Table 22: United Kingdom consumer price index (absolute), 2015-19
Table 23: United Kingdom exchange rate, 2015-19

List of Figures

Figure 1: United Kingdom new cars market value: $ billion, 2015-19
Figure 2: United Kingdom new cars market volume: thousand units, 2015-19
Figure 3: United Kingdom new cars market geography segmentation: % share, by value, 2019
Figure 4: United Kingdom new cars market value forecast: $ billion, 2019-24
Figure 5: United Kingdom new cars market volume forecast: thousand units, 2019-24
Figure 6: Forces driving competition in the new cars market in the United Kingdom, 2019
Figure 7: Drivers of buyer power in the new cars market in the United Kingdom, 2019
Figure 8: Drivers of supplier power in the new cars market in the United Kingdom, 2019
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in the United Kingdom, 2019
Figure 10: Factors influencing the threat of substitutes in the new cars market in the United Kingdom, 2019
Figure 11: Drivers of degree of rivalry in the new cars market in the United Kingdom, 2019
Figure 12: United Kingdom new cars market share: % share, by volume, 2019