£11.3bn
£XXX.Xm
57,249
1,611
£X.Xbn
Before 2018-19, the Motor Vehicle Parts & Accessories Manufacturing sector benefited from aftermarket sales as the number and age of vehicles on UK roads rose. However, falling car production numbers dropped revenue despite a resilient aftermarket. Revenue nosedived in 2020-21 following the pandemic as car production and car usage stopped.
Industry revenue has grown at a CAGR of 0.6 % over the past five years, to reach an estimated £11.3bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Lear Corporation (UK) Ltd | 483.0 | |
Marelli Automotive Systems UK Ltd | 437.0 | |
Borgwarner UK Automotive Operations Ltd | 427.0 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Parts and accessories for vehicle bodies, Seats, seat belts and airbags and Gearboxes, axles and clutches. Parts and accessories for vehicle bodies is the largest segment of the Motor Vehicle Parts & Accessories Manufacturing in the UK.
Parts and accessories for vehicle bodies remain most lucrative product
Companies in this industry manufacture parts and accessories for use in motor vehicles. Parts include brakes, gearboxes, electrical and electronic components, clutches, seats and parts and accessories of motor vehicle bodies. The industry excludes the manufactures of motor vehicle engines, tyres and batteries. The industry also excludes the maintenance, repair and alteration of motor vehicles.
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SIC 29.3 - Motor Vehicle Parts & Accessories Manufacturing in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Weak demand conditions have caused revenue to tumble. Low business confidence has caused revenue to take a hit as people cut back on spending.
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Parts and accessories for vehicle bodies are the dominant segment. The vital nature of these products means manufacturing sales have been steady since 2017-18.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The West Midlands is home to the largest share of establishments. Automotive component manufacturers typically set up shop close to original equipment and motor vehicle manuf...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
There aren’t many motor vehicle manufacturers in the UK. This hinders UK manufacturers’ growth because they can’t compete with German motor vehicle part manufacturers.
Learn about the performance of the top companies in the industry.
Import competition starves off domestic manufacturing market share. Rising import penetration means price competition among UK manufacturers has intensified, reducing profita...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Demand from motor vehicle manufacturing drives the industry. This is because motor vehicle manufacturers are the most important downstream market for the industry given their...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchase costs are skyrocketing. This is because of supply constraints as economies continue to recover from the COVID-19 outbreak in 2020-21.
Including values and annual change:
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Key data sources in the UK include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Motor Vehicle Parts & Accessories Manufacturing in the UK industry in United Kingdom is £11.3bn in 2024.
There are 1,611 businesses in the Motor Vehicle Parts & Accessories Manufacturing in the UK industry in United Kingdom, which has grown at a CAGR of 0.5 % between 2019 and 2024.
The market size of the Motor Vehicle Parts & Accessories Manufacturing in the UK industry in United Kingdom has been growing at a CAGR of 0.6 % between 2019 and 2024.
Over the next five years, the Motor Vehicle Parts & Accessories Manufacturing in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Motor Vehicle Parts & Accessories Manufacturing market in United Kingdom are Lear Corporation (UK) Ltd, Marelli Automotive Systems UK Ltd and Borgwarner UK Automotive Operations Ltd
Parts and accessories for bodies and Seats and seat belts are part of the Motor Vehicle Parts & Accessories Manufacturing in the UK industry.
The company holding the most market share in United Kingdom is Lear Corporation (UK) Ltd.
The level of competition is high and increasing in the Motor Vehicle Parts & Accessories Manufacturing in the UK industry in United Kingdom.