UK is a highly volatile economy in terms of uncertainty in investment and production output due to Brexit’s impact. However, the country has a significant value in the export of goods and services. The country has shown a significant rise in manufacturing operations, including food & beverage, machinery and equipment, and chemicals. Since the 2008 recession, the recovery of the manufacturing industry significantly relies primarily on four industries, such as the production of food, repair of machinery, motor vehicles, and other transport equipment.
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As per the Office for National Statistics (ONS), the total value of product sales by UK manufacturers was $500 billion in 2018, an increase of 0.8% from 2017. The production of food products division is constantly making a significant contribution, led nearly $91 billion to total UK manufacturers’ product sales in 2018. In addition, the production of machinery and equipment increased by 1.8% and reached nearly $36 billion in 2018. This has led to increased sales from the production of machinery for construction, mining, and quarrying industry. The global demand for machinery and equipment by UK manufacturers continued to increase, which is primarily contributing to drive the UK manufacturing sector.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Verticals Affected Most
- Automobile
- Food & Beverage
- Machinery
- Electrical and Electronics
- Aviation
- BFSI
- Retail
- Healthcare
- Others
Company Profiles
- Associated British Foods plc
- Aviva plc
- BAE Systems plc
- GlaxoSmithKline PLC
- British Airways Plc
- Dyson Ltd.
- J Sainsbury plc
- Joseph Cyril Bamford Excavators Ltd. (JCB)
- Vodafone Group plc
- Royal Bank of Scotland Group plc
- Tesco PLC
- Thomas Cook Group Plc
- Virgin Atlantic Airways Ltd.
- HSBC Holdings plc
- Barclays plc
The Report Covers
- Comprehensive research methodology of the pre and post COVID-19 impact on the UK economy.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK economy.
- Insights about market determinants which are stimulating UK economy.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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