Automotive industry in UK: The automotive industry is highly globalized & Integrated within the EU.
In the year 2019 the segment generated more than £100 Bn in total trade for the 3rd consecutive year, highlighting its part as a global trading powerhouse, & held the lead as Britain’s major exporter of goods. Shipping vehicles, engines & components to more than 150 nations worldwide through all lands, the segment supports thousands of highly skilled, high value jobs through all regions.
Industry-government partnership through the Automotive Council has been energetic to this success, with the Automotive Sector Deal (2018) published to confirm the right circumstances for further development. It means open long-term opportunities, mainly for supply chain enterprises & developers of ultra-low emission vehicles.
UK Automotive Employment:
Important to UK manufacturers:
The majority of the big, global volume car companies have organized their Research & Development & production to help the key markets of the United States, EU, China & Japan. These companies have created a network of production plants domestic to these markets. New models are awarded to challenging plants within their regional network based on the overall delivered vehicle cost to the market. The EU is the world’s major trading bloc with over 500 Mn populations & therefore access to the EU is key to these makers.
UK Automotive Supply Chain spend:
In the UK, 37% of the total value of spend in the supply chain is currently sourced locally. Depending on the manufacturer, between 20-50 percent is imported from the EU & the rest from outside the EU.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “UK Automotive Market”.
https://www.maximizemarketresearch.com/market-report/automotive-market-in-uk/86645/
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