United Kingdom Automotive Market 2021 to 2028: Outlook for Passenger Cars, Commerical Vehicles and EVs
DUBLIN–(BUSINESS WIRE)–The “United Kingdom Automotive Market Outlook, 2021 – Passenger Cars, Commercial Vehicles, Ev Market Size, Share, Companies and Developments” report has been added to ResearchAndMarkets.com’s offering.
The United Kingdom Automotive Market Outlook report presents forecasts of different vehicles including Passenger Cars, Commercial Vehicles, EV along with market Size, Share, Companies and Developments.
The global automotive industry is showing signs of recovery in H1-2021, after a weak backdrop during the last year. Continued momentum for electric vehicles is observed during the year and is likely to continue through 2022.
Strong consumer demand coupled with purchasing power parity is encouraging the underlying demand trends for vehicles in the United Kingdom, with the market recovery to pre-pandemic levels. On the other hand, challenges related to supply chain disruptions, shortage of materials, in particular, semiconductor shortages, consumer demand fluctuation in major segments and others pose risks.
Leading industry trends including rapidly