Off-Road Vehicle Manufacturing in the UK - Industry Market Research Report

Speeding Up: Industry Revenue is Expected to Rise in 2022-23 as the Semiconductor Shortage Eases

The Off-Road Vehicle Manufacturing revenue is forecast to decrease at a compound annual rate of 6.2% to £15.1 billion over the five years through 2022-23, including revenue growth of 1.4% in the current year. Economic uncertainty and weak consumer confidence contributed to year-on-year declines in revenue up to 2019-20. The COVID-19 pandemic led to a steep drop in revenue as car makers halted production and export demand fell off a cliff. Companies in this industry manufacture light trucks and utility vehicles such as vans, pick-ups, sport utility vehicles (SUVs) and crossover utility vehicles (CUVs). They also manufacture light truck and utility vehicle chassis. This industry excludes the manufacturing of cars and motorcycles. 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.