United Kingdom Auto Parts Manufacturing Market Report and Forecast 2025-2034

United Kingdom Auto Parts Manufacturing Market Outlook

The United Kingdom auto parts manufacturing market size is projected to grow at a CAGR of 5.75% between 2024 and 2032.

Key Takeaways:

• By December 2022, over 1.1 million licensed plug-in vehicles were active in the UK, composing 2.8% of the total.

• The UK had 40.7 million registered vehicles by December 2022, rising 1.0% from the previous year's end, as per the UK Government.

• According to the European Automobile Manufacturers Association, 80% of vehicles manufactured in the UK are exported.

The United Kingdom auto parts manufacturing market growth is significantly driven by passenger vehicles, which form an extensive segment of the automotive market.

With many sold annually, they are the most widespread vehicle type, ensuring a reliable and significant parts demand. Passenger cars play a substantial role in the automotive market, with millions sold annually, ensuring a constant demand for parts. Their varied parts, ranging from engines to sensors, enable manufacturers to yield a wide array of products. The innovation of technology in modern vehicles presents avenues for innovation.

In November 2023, the UK Government announced a £4.5bn boost for manufacturing, with a strong emphasis on achieving net-zero goals. This package includes grants and loans, with over £2bn allocated for automotive manufacturing and nearly £1m for clean energy parts. This initiative supports crucial sectors, aligning with goals of efficient growth, pointing up, and accomplishing net-zero targets.

Light Commercial Vehicles (LCVs) are growing beside the expansion of e-commerce, observing utility in delivery services, construction, and more, extending diverse manufacturing prospects. Large fleet purchases drive substantial orders, while the global demand opens doors to various markets. The specialized components required for LCVs, shared with productive government contracts, present niche product prospects for companies.

Market Segmentation

United Kingdom Auto Parts Manufacturing Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Component

• Battery 

• Cooling System
  • Compressor
  • Radiator
  • Pump
  • Thermostat

• Underbody Components
  • Brake Components
  • Exhaust Components

• Engine Components
  • Starter
  • Engine
  • Pump
  • Alternator

• Automotive Filter

• Lighting Components

• Electrical Components
  • Ignition Coil
  • Ignition Switch
  • Spark and Glow Plug
  • Chassis System

• Transmission and Steering System

• Others

Market Breakup by Vehicle Type

• Passenger Cars

• Light Commercial Vehicles

• Heavy Commercial Vehicles

Market Breakup by Sales Channel

• OEM

• Aftermarket

Market Breakup by Region

• England

• Wales

• Scotland

• Northern Ireland

The United Kingdom auto parts manufacturing market key players are Robert Bosch GmbH, Denso Corp., Continental AG, ZF Friedrichshafen AG, Marelli Holdings Co., Ltd., Panasonic Holdings Corp., Sumitomo Electric Industries, Ltd., Magna International Inc., Valeo S.A. and Aisin Corporation among others.

Key Highlights of the Report