The UK Electric Vehicle Market is segmented by Vehicle Type (Commercial Vehicles, Passenger Vehicles, Two-Wheelers) and by Fuel Category (). The report offers market size in both market value in USD and market volume in unit. Further, the report includes a market split by Vehicle Type, Vehicle Configuration, Vehicle Body Type, Propulsion Type, and Fuel Category.

In 2023, Tesla held around 16 percent of the United Kingdom's battery-electric car market. This was about seven percent more than the shares of MG and BMW, which were second and third in the ranking. Two of Tesla's models were the two best-selling battery-electric car models of 2023 in the UK.

As of June 2024, most used vehicles available at dealerships across the United Kingdom were petrol vehicles, comprising 51.7 percent of the inventory. The share of available diesel used cars decreased year-over-year, while hybrid and electric vehicle's stock share had been increasing.

The UK EV Battery Pack Market is segmented by Body Type (Bus, LCV, M&HDT, Passenger Car), by Propulsion Type (BEV, PHEV), by Battery Chemistry (LFP, NCA, NCM, NMC, Others), by Capacity (15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh), by Battery Form (Cylindrical, Pouch, Prismatic), by Method (Laser, Wire), by Component (Anode, Cathode, Electrolyte, Separator) and by Material Type (Cobalt, Lithium, Manganese, Natural Graphite, Nickel). Market Size is represented by the total volume of EV battery packs sold, measured in kilowatt-hours (kWh), along with the Market Value in USD. Key data points observed include the total energy capacity of battery packs sold, expressed in kilowatt-hours (kWh), segmented by battery chemistry, the capacity range of each battery pack, and the specific application or vehicle type associated with each battery chemistry segment.

Snapshot img

Rolling Stock Market Size 2025-2029

The rolling stock market size is forecast to increase by USD 13.53 billion, at a CAGR of 4.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the rise in e-commerce and the increasing adoption of electrification and hybrid solutions in transportation. The e-commerce sector's expansion has led to a rise in demand for efficient and reliable logistics solutions, which rolling stock provides. Moreover, the shift towards sustainable and environmentally friendly transportation is fueling the market's growth, with electrification and hybrid solutions gaining popularity. However, the market faces challenges, including high capital costs in manufacturing. The integration of advanced technologies, such as automation and IoT, into rolling stock production, increases the initial investment required. Companies must navigate these challenges to capitalize on market opportunities and maintain competitiveness. To succeed, they must focus on cost reduction through operational efficiencies, strategic partnerships, and technology innovation. By addressing these challenges, manufacturers can tap into the market's potential and meet the evolving demands of customers.

What will be the size of the Rolling Stock Market during the forecast period?

Request Free Sample

The market encompasses the design, manufacturing, maintenance, and operation of vehicles used for transporting passengers and freight on railway networks. This market is driven by various factors, including the demand for efficient and sustainable transportation solutions in the energy sector. With the increasing focus on electricity and reducing carbon emissions, the electrification of railway systems is gaining momentum. Mechanical brakes are being gradually replaced by more energy-efficient and environmentally friendly electric brakes. Additionally, the adoption of hydrogen fuel as a cleaner alternative to traditional diesel engines is a significant trend in the market.
The market is expected to grow steadily due to the increasing demand for greener transportation options and the expansion of railway networks and rail service facilities. Railway telematics, which enable real-time monitoring and optimization of rail travel, are also gaining popularity due to their potential to improve efficiency and reduce costs. Overall, the market is poised for growth as it plays a crucial role in the transition towards more sustainable and efficient energy systems.

How is this Rolling Stock Industry segmented?

The report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Rail freight
  Rail passenger


Type

  Diesel
  Electric
  Electro-diesel


Product

  Locomotive
  Rapid transit vehicle
  Wagon


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    France
    Germany
    Italy
    The Netherlands
    UK


  North America

    US


  South America



  Middle East and Africa

By Application Insights

The rail freight segment is estimated to witness significant growth during the forecast period. The rail transportation sector experiences significant demand due to the close correlation with economic activity and the need for efficient freight transport. Industries such as agriculture, mining, energy, and manufacturing rely heavily on rail freight for transporting raw materials and finished products. The expansion and modernization of rail networks, including the construction of new lines and upgrading of existing tracks, necessitate additional rolling stock, including locomotives, freight cars, and maintenance equipment. The types and quantities of commodities transported influence the demand. Furthermore, the shift towards greener transportation and decarbonization initiatives has led to an increased focus on energy-efficient rolling stock, such as electric-based and battery-operated rail vehicles.

Energy conservation technologies, including mechanical brakes, hydrogen fuel, and EV charging infrastructure, are also gaining traction. Urban planners and city infrastructure developers are investing in rapid transit systems, tramways, and high-speed trains to provide affordable and eco-friendly transportation options for commuters. The OEMs and rail operators are responding to these trends by offering energy-efficient rolling stock, onboard Wi-Fi, predictive maintenance, data analytics, sensors and train systems control centers. The metro segment is expected to witness significant growth due to the increasing urbanization and population growth in cities. The rail services facilities market is also expected to grow due to the increasing demand for rail transportation and the need for maintenance and repair services.

The size of the United Kingdom Auto Loan Market was valued at USD 90.30 Million in 2023 and is projected to reach USD 122.64 Million by 2032, with an expected CAGR of 4.47% during the forecast period. The auto loan market refers to the financial services sector that provides loans for purchasing vehicles. It enables consumers to finance the cost of new or used cars, spreading payments over a set period through monthly installments. Auto loans are typically offered by banks, credit unions, and specialized financial institutions, with loan terms and interest rates depending on factors like the borrower’s creditworthiness, the type of vehicle, and market conditions. The demand for auto loans is driven by increasing vehicle ownership, rising consumer incomes, and the need for flexible financing options. Additionally, the growth of the automotive industry, particularly electric vehicles (EVs), has further boosted the market as more consumers seek loans for environmentally friendly cars. Digitalization and the rise of online banking have simplified the loan application process, allowing for quicker approvals and enhanced customer convenience. Recent developments include: December 2023: Blue Motor Finance Limited (Blue), an FCA-regulated UK-based car finance provider, prides itself on its ability to use technology to enhance its customer service. Customers can now request all of their agreement-related documentation for the life of their loan in one simple file at the touch of a button. Customers can also request to receive a settlement quote in real-time at a time convenient to them., August 2023: Santander Consumer Finance extended its partnership with MG Motor to provide dealers with an EV benefits scheme for customers.. Key drivers for this market are: Quick Processing of Loan through Digital Banking. Potential restraints include: Rising Interest Rates Affecting New Auto Buyers Demand for Loan. Notable trends are: Increasing Registrations of Electric Vehicle in United Kingdom.

Snapshot img

Luxury Cars Market Size 2025-2029

The luxury cars market size is forecast to increase by USD 232 billion at a CAGR of 6.8% between 2024 and 2029.

The market is experiencing significant growth, driven by several key trends. One notable trend is the increasing demand for luxury SUVs, as consumers seek larger vehicles for added comfort and functionality. Another trend is the launch of electric luxury car models, which cater to both environmental concerns and the desire for innovative technology. 
Vehicle types, such as hatchbacks, sedans, and SUVs, are being equipped with IoT, AI-driven interfaces, and advanced driver assistance systems (ADAS) to enhance the overall driving experience. Additionally, governments' increasing taxes on luxury cars have created challenges for market growth. These factors, among others, are shaping the future of the market. The market report provides a comprehensive analysis of these trends and their impact on market growth.
The luxury cars market is evolving with rising demand for electric luxury cars, autonomous luxury vehicles, and high-performance sports cars. Luxury SUVs and ultra-luxury sedans from premium car brands feature smart car technology and connected car features. Sustainable luxury cars, hybrid luxury cars, and custom luxury vehicles cater to changing luxury car consumer preferences. Digital cockpit innovations, advanced safety features, and high-end vehicle interiors enhance exclusive car models. Luxury car leasing, subscription services, and market growth reflect shifting ownership trends.

What will be the Size of the Luxury Cars Market During the Forecast Period?

To learn more about the market report, Request Free Sample

The market continues to evolve, with private vehicle registrations reflecting a growing demand for high-performance and sustainable transportation solutions. Amidst the global energy shortage and increasing emission standards, the automotive industry is responding with innovative offerings. One such response is the proliferation of electric vehicles (EVs) and hybrid technologies in the luxury car segment. Luxury car manufacturers are investing heavily in EVs and sustainable transportation solutions, recognizing the need for eco-friendly alternatives. These vehicles offer superior driving experiences, with quiet, smooth operation and instant torque. High-quality materials and advanced smart mobility technology enhance passenger and driver comfort.
Moreover, electric mobility is no longer a niche market, but a significant player in the luxury car market. SUVs, sports cars, and super luxury vehicles are all being reimagined as electric or hybrid models. OEMs are also integrating autonomous vehicle capabilities, IoT capabilities, and interfaces driven by artificial intelligence to create a more connected and personalized driving experience. The luxury car market is not just about high-performance vehicles anymore. It's about offering a superior driving experience that caters to the evolving needs and preferences of consumers. With carbon emissions becoming a major concern, the focus is shifting towards sustainable transportation solutions that offer both luxury and efficiency. The future of the luxury car market lies in the integration of technology, sustainability, and high-end design to create vehicles that cater to the demands of discerning consumers.

How is the Luxury Cars Market Segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Executive luxury car
  Super luxury car


Propulsion

  IC engine-based vehicles
  Electric vehicles


Vehicle Type

  Hatchbacks
  Sedans
  Sports Utility Vehicles (SUVs)
  Multi-purpose Vehicles (MPVs)
  Others


Geography

  Europe

    Germany
    UK
    France
    Italy


  North America

    US


  APAC

    China
    India
    Japan
    South Korea


  Middle East and Africa



  South America

By Product Insights

The executive luxury car segment is estimated to witness significant growth during the forecast period.

The market is a significant segment of the global automotive industry, with German manufacturers holding a dominant market share. These companies account for approximately 80% of luxury car sales worldwide. This strategic brand positioning has enabled numerous automotive players to enter the global luxury car market, addressing the rising demand for executive luxury cars across all regions.

Get a glance at the market report of share of various segments. Request Free Sample

The executive luxury car segment was valued at USD 442.00 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 39% to the growth of

The Report Covers Current Trends in the United Kingdom Car Market, and It is Segmented by Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Other Fuel Types), Body Type (Hatchback, Sedan, and SUVs and MPVs), and Sales Channel (Online and Offline). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

Snapshot img

Automotive Sun Visor Market Size 2025-2029

The automotive sun visor market size is forecast to increase by USD 197.6 million at a CAGR of 2.1% between 2024 and 2029.

The market is witnessing significant growth due to the increasing demand for premium vehicles. Consumers are increasingly opting for advanced features and amenities in their vehicles, including sun visors that offer superior functionality and design. Another trend in the market is the use of eco-friendly materials for manufacturing sun visors. The increasing electrification of vehicles, including electric vehicles (EVs) and hybrid vehicles, is also impacting the market. While this incurs an extra cost, it aligns with consumer preferences for sustainable products. Additionally, automakers are investing in designing visors that cater to specific vehicle models and customer needs, further driving market growth. Overall, the market is expected to experience steady expansion in the coming years.

What will be the Size of the Automotive Sun Visor Market During the Forecast Period?

Request Free Sample

The market encompasses a range of products designed to mitigate the heat absorption and glare of sunlight in the vehicle cabin. These visors play a crucial role in enhancing driver and co-driver comfort, particularly during prolonged periods of sun exposure. The market caters to both fixed and expandable configurations, with various materials and designs available to suit diverse passenger car needs. Heat absorption is a significant concern, as the sun's rays can increase interior temperatures, leading to discomfort and potential damage to electronic equipment. Sun visors help mitigate this issue by shielding the vehicle's interior from direct sunlight. Additionally, they serve to reduce glare on the windshield, improving traffic flow and driver safety.
Modern sun visors incorporate ergonomic designs, integrating multifunctional components such as mirrors, electric cables, and padding. The integration of Augmented Reality and Virtual Reality is transforming the market by enhancing customer experiences through virtual showrooms, advanced driver-assistance systems, and in-car entertainment. Mirror frames, screws, and padding are essential elements of these designs, ensuring a snug fit and optimal functionality. The market also offers lightweight alternatives, such as LCD sun visors, to cater to the growing demand for fuel efficiency and reduced vehicle weight. In summary, the market is a dynamic and evolving sector, driven by the need for comfort, safety, and functionality in the vehicle cabin. With a focus on innovation and multifunctional components, this market continues to grow, providing solutions for both conventional and advanced sun visor applications.

How is this Automotive Sun Visor Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Component

  Conventional
  LCD


Vehicle Type

  Passenger vehicle
  Commercial vehicle
  Electric vehicle


Method

  Manual
  Automatic
  Smart


Channel

  Original equipment manufacturer (OEM)
  Aftermarket


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  Middle East and Africa



  South America

By Component Insights

The conventional segment is estimated to witness significant growth during the forecast period. The market encompasses conventional and LCD sun visors for passenger cars and commercial vehicles. Conventional sun visors, which are the largest market segment, are favored due to their affordability, ease of installation, and minimal maintenance requirements. These visors, made of materials like vinyl, fabric, and recycled plastics, consist of components such as mirror, cushioning, electric cable, flap, frame, and lights. They help regulate interior temperature by blocking direct sunlight, functioning as a sunroof in vehicles. LCD sun visors offer additional features like DVD playback and expandable configurations, catering to passenger comfort and safety. Technological advancements, such as smart sun visors with adaptive capabilities, enhance user experience.

Get a glance at the market report of share of various segments Request Free Sample

The Conventional segment was valued at USD 1.36 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more insights on the