£16.8bn
£XX.Xbn
11,801
111
£XXX.Xm
The Off-Road Vehicle Manufacturing revenue is forecast to drop at a compound annual rate of 5.4% to £16 billion over the five years through 2023-24, including revenue growth of 2% in 2023-24. Economic uncertainty and weak consumer confidence contributed to year-on-year declines in revenue up to 2019-20. The pandemic led to a steep drop in revenue as car makers halted production and export orders fell off a cliff.
Industry revenue has declined at a CAGR of 4.5 % over the past five years, to reach an estimated £16.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Jaguar Land Rover Automotive plc | 5,209.0 | |
Nissan Motor Manufacturing (UK) Ltd | 3,897.0 | |
Vauxhall Motors Ltd | 1,355.0 |
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 Sport utility vehicles , Crossover utility vehicles and Vans and minivans. Sport utility vehicles is the largest segment of the Off-Road Vehicle Manufacturing in the UK.
Luxury SUVs models and CUVs are driving industry growth, both at home and abroad
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.
Purchase this report to view all 5 major companies in this industry.
SIC 29.1 - Off-Road Vehicle 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.
Off-road vehicles have become more popular. The popularity of large vehicles has encouraged dealerships to stock more. A rising number of larger cars are being bought because...
Learn about an industry's products and services, markets and trends in international trade.
Luxury SUVs models and CUVs are driving industry growth. SUVs have grown in popularity both domestically and in foreign markets. Luxury SUVs are the key for the industry beca...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The South East holds the largest share of establishments. This is mainly because of its close proximity to ports and London. The region also provides access to car parts manu...
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.
Competition is high in the industry. Manufacturers compete on prices and improving additions to off-road vehicles. Price is the most important competitive factor, especially ...
Learn about the performance of the top companies in the industry.
JLR’s exports are falling. Sales to China, the US and Europe are tanking due to economic worries in these regions. Notable declines in 2021-22 from these geographies caused r...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The real effective exchange rate is weak. A significant volume of SUVs are exported, so when the pound depreciates, domestically produced vehicles become cheaper on the inter...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Semiconductor shortages has squeezed profit. SUV and CUV manufacturers have been dealing with a shortage of semiconductors since the pandemic, increasing the cost of producti...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Off-Road Vehicle Manufacturing in the UK industry in United Kingdom is £16.8bn in 2024.
There are 111 businesses in the Off-Road Vehicle Manufacturing in the UK industry in United Kingdom, which has grown at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Off-Road Vehicle Manufacturing in the UK industry in United Kingdom has been declining at a CAGR of 4.5 % between 2019 and 2024.
Over the next five years, the Off-Road Vehicle Manufacturing in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Off-Road Vehicle Manufacturing market in United Kingdom are Jaguar Land Rover Automotive plc, Nissan Motor Manufacturing (UK) Ltd and Vauxhall Motors Ltd
Sports Utility Vehicles and Crossover Utility Vehicles are part of the Off-Road Vehicle Manufacturing in the UK industry.
The company holding the most market share in United Kingdom is Jaguar Land Rover Automotive plc.
The level of competition is high and increasing in the Off-Road Vehicle Manufacturing in the UK industry in United Kingdom.