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Alternatively Fuelled Vehicle Manufacturing in the UK - Industry Market Research Report

Publisher IBISWorld
Published Nov 23, 2024
Length 77 Pages
SKU # IBSS19493369

Description

Alternatively Fuelled Vehicle Manufacturing in the UK - Industry Market Research Report


Alternatively Fuelled Vehicle Manufacturing in the UK

The Alternatively Fuelled Vehicle (AFV) Manufacturing industry has grown significantly, driven by technological advancements, government incentives and rising concern over environmental issues. These trends have encouraged traditional manufacturers to increasingly focus on the production of pure electric and hybrid electric vehicles. The plug-in car grant, which provides subsidies towards consumer purchases of AFVs, has spurred demand for electric and hybrid electric vehicles over the past five years. Rising fuel prices and a significant reduction in demand for diesel and petrol vehicles has provided further growth opportunities for AFV manufacturers. The Alternatively Fuelled Vehicle Manufacturing industry is forecast to expand at a compound annual rate of 8.3% to £11 billion over the five years through 2022-23, including a projected revenue growth of 5.5% in the current year.

Operators in this industry manufacture and assemble electric vehicles (EVs) and alternatively fuelled vehicles (AFVs). EVs and AFVs include passenger cars and commercial vehicles, such as vans and lorries, that are powered by electricity or fuels other than petroleum or diesel. They also include buses and special-purpose vehicles such as snowmobiles and fire engines. Industry firms also produce EV and AFV engines and vehicle chassis.

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

77 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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