Medium & Heavy Trucks in the United Kingdom

April 2024 | 54 pages | ID: MB3EA9A3C5A4EN
MarketLine

Abstracts

Medium & Heavy Trucks in the United Kingdom

Summary

Medium & Heavy Trucks in the United Kingdom industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

• The medium and heavy trucks market includes commercial vehicles (CV), buses and coaches (BC), heavy commercial vehicles (HCV), and heavy buses and coaches (HBCs).
• The UK medium & heavy trucks market recorded revenues of $39.2 billion in 2023, representing a compound annual growth rate (CAGR) of 3.1% between 2018 and 2023.
• Market consumption volumes declined with a negative CAGR of 3.4% between 2018 and 2023, to reach a total of 360.6 thousand units in 2023.
• The growth of the UK medium & heavy trucks market is propelled by the expansion of the transportation industry and concurrent infrastructure development. As the transportation sector experiences steady growth, fueled by increased demand for the movement of goods and people, there arises a corresponding need for robust transportation solutions, including medium and heavy trucks, to support these activities efficiently. For instance, according to MarketLine, the UK road transportation services industry stood at $53.2 billion in 2023, an increase of 3.7% from the previous year.

Scope

• Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the medium & heavy trucks market in the United Kingdom
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the medium & heavy trucks market in the United Kingdom
• Leading company profiles reveal details of key medium & heavy trucks market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the United Kingdom medium & heavy trucks market with five year forecasts

Reasons to Buy

• What was the size of the United Kingdom medium & heavy trucks market by value in 2023?
• What will be the size of the United Kingdom medium & heavy trucks market in 2028?
• What factors are affecting the strength of competition in the United Kingdom medium & heavy trucks market?
• How has the market performed over the last five years?
• What are the main segments that make up the United Kingdom's medium & heavy trucks market?

Contents

Table of Contents

1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Category segmentation
1.6. Geography segmentation
1.7. Market rivalry
1.8. Competitive landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value
3.2. Market volume

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast
5.2. Market volume forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Who are the leading players in the market?
7.2. What are the strategies of leading players?
7.3. What are the strengths of the leading players?
7.4. What have been the recent developments in the market?

8 COMPANY PROFILES

8.1. Daimler Financial Services AG
8.2. Volkswagen AG
8.3. CNH Industrial NV
8.4. AB Volvo

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

List Of Tables

LIST OF TABLES

Table 1: United Kingdom medium & heavy trucks market value: $ billion, 2018-23
Table 2: United Kingdom medium & heavy trucks market volume: thousand units, 2018-23
Table 3: United Kingdom medium & heavy trucks market category segmentation: % share, by volume, 2018-2023
Table 4: United Kingdom medium & heavy trucks market category segmentation: thousand units, 2018-2023
Table 5: United Kingdom medium & heavy trucks market geography segmentation: $ billion, 2023
Table 6: United Kingdom medium & heavy trucks market value forecast: $ billion, 2023-28
Table 7: United Kingdom medium & heavy trucks market volume forecast: thousand units, 2023-28
Table 8: Daimler Financial Services AG: key facts
Table 9: Daimler Financial Services AG: Key Employees
Table 10: Volkswagen AG: key facts
Table 11: Volkswagen AG: Annual Financial Ratios
Table 12: Volkswagen AG: Key Employees
Table 13: Volkswagen AG: Key Employees Continued
Table 14: Volkswagen AG: Key Employees Continued
Table 15: CNH Industrial NV: key facts
Table 16: CNH Industrial NV: Annual Financial Ratios
Table 17: CNH Industrial NV: Key Employees
Table 18: CNH Industrial NV: Key Employees Continued
Table 19: AB Volvo: key facts
Table 20: AB Volvo: Annual Financial Ratios
Table 21: AB Volvo: Key Employees
Table 22: AB Volvo: Key Employees Continued
Table 23: United Kingdom size of population (million), 2019-23
Table 24: United Kingdom gdp (constant 2005 prices, $ billion), 2019-23
Table 25: United Kingdom gdp (current prices, $ billion), 2019-23
Table 26: United Kingdom inflation, 2019-23
Table 27: United Kingdom consumer price index (absolute), 2019-23
Table 28: United Kingdom exchange rate, 2019-23

List Of Figures

LIST OF FIGURES

Figure 1: United Kingdom medium & heavy trucks market value: $ billion, 2018-23
Figure 2: United Kingdom medium & heavy trucks market volume: thousand units, 2018-23
Figure 3: United Kingdom medium & heavy trucks market category segmentation: thousand units, 2018-2023
Figure 4: United Kingdom medium & heavy trucks market geography segmentation: % share, by value, 2023
Figure 5: United Kingdom medium & heavy trucks market value forecast: $ billion, 2023-28
Figure 6: United Kingdom medium & heavy trucks market volume forecast: thousand units, 2023-28
Figure 7: Forces driving competition in the medium & heavy trucks market in the United Kingdom, 2023
Figure 8: Drivers of buyer power in the medium & heavy trucks market in the United Kingdom, 2023
Figure 9: Drivers of supplier power in the medium & heavy trucks market in the United Kingdom, 2023
Figure 10: Factors influencing the likelihood of new entrants in the medium & heavy trucks market in the United Kingdom, 2023
Figure 11: Factors influencing the threat of substitutes in the medium & heavy trucks market in the United Kingdom, 2023
Figure 12: Drivers of degree of rivalry in the medium & heavy trucks market in the United Kingdom, 2023