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Motor Vehicle Parts & Accessories Manufacturing in the UK - Market Size, Industry Analysis, Trends and Forecasts (2025-2029)

Yusuf Allinson Yusuf Allinson London, United Kingdom Last Updated: May 2025 SIC UK-C293

Revenue

£385.2bn

2025-26

£405.8bn

Past 5-Year Growth

Profit

£XX.Xbn

Employees

2m

Businesses

16,444

Wages

£XX.Xbn

Motor Vehicle Parts & Accessories Manufacturing in the UK industry analysis

European car parts production heavily relies on car production volumes and orders from the aftermarket, including retailers and wholesalers. The level of car production across Europe dictates orders for car parts because of the presence of giants like Volkswagen, BMW, Mercedes-Benz and Jaguar Land Rover. Motor Vehicle Parts and Accessories Manufacturing revenue is set to rise at a compound annual rate of 2.1% to €385.2 billion over the five years through 2025, including projected revenue growth of 1.2% in 2025.

Trends and Insights

  • Electrical components take flight as AFV production ramps up. Car makers are switching rapidly to producing plug-in hybrids and electric vehicles provide opportunities for parts producers. Major car makers in many European countries will ramp up production of new models, overtaking petrol and diesel fuel types.
  • The US imposed a 25% tariff on European motor vehicle parts is expected to slash European exports to the US. Exports like German-made transmissions, seatbelts, braking systems and electronic components, now face a 25% rate, making them far less competitive in the US market.
  • Many car parts producers in the continent means low concentration. There are many car parts producers in Europe, with no single manufacturer able to influence prices. Robert Bosch GmbH holds significant market share due to long-term supplier contracts with car manufacturers.
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Top Questions Answered in this Report

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What is the market size of the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom in 2025?

The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom is £385.2bn in 2025.

How many businesses are there in the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom in 2025?

There are 16,444 businesses in the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom, which has grown at a CAGR of 0.6 % between 2020 and 2025.

Has the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom grown or declined over the past 5 years?

The market size of the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom has been growing at a CAGR of 3.3 % between 2020 and 2025.

What is the forecast growth of the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom over the next 5 years?

Over the next five years, the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom is expected to grow.

What does the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom include?

Airbags, seats, seatbelts, parts and accessories of bodies and Electrical and electronic equipment are part of the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom.

How competitive is the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom?

The level of competition is high and increasing in the Motor Vehicle Parts & Accessories Manufacturing industry in the United Kingdom.

Everything you need in one report

  • Reliable market estimates from 2015-2030
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
  • Online membership platform with PDF, Word, Excel and PPT exports

Table of Contents

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

EU laws give European manufacturers the edge over imports. EU suppliers benefit from standardisation laws for most motor vehicles because they operate in a huge market, with all new cars from 2024 required to have an Intelligent Speed Assistant installed.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Motor Vehicle Parts & Accessories Manufacturing in the UK industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Rising bargaining power from manufacturers damages profitability. Car assemblers have significant bargaining power, reducing prices for car parts suppliers, which sometimes makes them price takers.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Motor Vehicle Parts & Accessories Manufacturing in the UK industry?


Key Ratios

Data tables
  • IVA/Revenue (2015-2030)
  • Imports/Demand (2015-2030)
  • Exports/Revenue (2015-2030)
  • Revenue per Employee (2015-2030)
  • Wages/Revenue (2015-2030)
  • Employees per Establishment (2015-2030)
  • Average Wage (2015-2030)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and bottom five countries listed for each:

  • Revenue Growth (2025)
  • Business Growth (2025)
  • Job Growth (2025)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2025)
  • Imports/Demand (2025)
  • Exports/Revenue (2025)
  • Revenue per Employee (2025)
  • Wages/Revenue (2025)
  • Employees per Establishment (2025)
  • Average Wage (2025)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2015-2030)
  • IVA (2015-2030)
  • Establishments (2015-2030)
  • Enterprises (2015-2030)
  • Employment (2015-2030)
  • Exports (2015-2030)
  • Imports (2015-2030)
  • Wages (2015-2030)

Methodology

Where does IBISWorld source its data?

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