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UK Specialist Car Manufacturers Report 2017

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UK Specialist Car Manufacturers Report 2017 UK SPECIALIST CAR MANUFACTURERS REPORT 2017 A WORLD LEADING SUCCESS STORY FOREWORD OVERVIEW | 2016 UK SPECIALIST CAR MANUFACTURERS A WORLD LEADING TURNOVER EMPLOYMENT OUTPUT SUCCESS STORY £4bn 12K 35k £3.6bn £3bn 11K 30k THE SPECIALIST SECTOR WITH BIG AMBITIONS 11,250 £3.1bn 32,000 27,000 The UK is home to the largest number of place, exporting around the world, to markets as diverse £2.4bn £2bn 10K 10,250 25k specialist car manufacturers in the world. as the EU, the US, China, Japan and the Gulf States. As Producing some of the most globally iconic such, they need to comply with a huge range of differing 25,500 10,000 brands, these companies represent one regulations and requirements. of the jewels in the crown of the British vehicle manufacturing sector. They have While it is encouraging that some policies and regulations also provided innovative new technologies, already recognise the specialist nature of the industry, £1bn 9K 20k notably light-weighting and highly efficient greater harmonisation of regulations, which also recognise powertrains, and typically use a highly the size of the businesses, would enable the sector to specialised and skilled workforce. grow further. The industry has shown strong growth in the five years since The specialist car manufacturig industry, through SMMT, SMMT last reported on the sector, and independent forecasts will continue to work with governments and stakeholders – 2012 2015 2016 2012 2015 2016 2012 2015 2016 suggest this is set to continue. To support this, we need to both in the UK and abroad – on developing such regulations v v v v v v ensure the right trade and business conditions are in place and ensuring that specialist manufacturers have the best 2016 2016 2016 2016 2016 2016 to ensure the UK’s specialist car manufacturers remain possible access to key global markets. n % % % % % % competitive and continue to deliver innovative, exciting and + + + + + + desirable products to consumers across the world. 50 16 13 10 25 19 % CHANGE % CHANGE % CHANGE This report sets out the importance of the specialist car manufacturing industry to the UK’s economy and workforce, and the innovation and positive image it brings to the UK Mike Hawes Chief Executive and wider automotive industry. The Society of Motor Manufacturers and Traders (SMMT) EXPORT COMPONENTS FUTURE Last year the UK’s specialist car manufacturers had a turnover of £3.6 billion and employed over 11,000 people. CONTENTS Typically, highly skilled engineers and craftsmen and women, Page 2 Foreword these people collectively produced more than 32,000 cars, of Page 3 Overview of Key Data which two-thirds are exported around the world. Output is % % % expected to grow to in excess of 50,000 units by 2020. Page 4 Map of the Industry Page 5 Six Key Messages We define specialist car manufacturers as producing Page 6 Value of the sector to the UK 65 65 60 around 10,000 vehicles, or fewer, globally per year. Page 7 Regulations and Standards These businesses are highly diverse, and they produce Page 8 Developing Vehicle Technology a vast array of different types of vehicles, from sports OF THEIR VEHICLES SOURCED FROM UK INCREASE Page 10 Trade and Global Market Access cars, luxury tourers, limousines and SUVs, to taxis and across the to 52,000 units wheelchair-accessible vehicles. Page 11 UK Supply Chain % broader EU Page 11 Skilled Workforce 95 including the UK by 2020 Specialist car manufacturers compete in the global market Data based on SMMT Member survey. Output forecast based on AutoAnalysis, July 2017 Page 2 | UK Specialist Car Manufacturers Report 2017 THE SOCIETY OF MOTOR MANUFACTURERS AND TRADERS THE SOCIETY OF MOTOR MANUFACTURERS AND TRADERS UK Specialist Car Manufacturers Report 2017 | Page 3 SIX KEY 02 MESSAGES THE UK IS HOME TO THE LARGEST NUMBER OF SPECIALIST CAR MANUFACTURERS 1 SPECIALIST CAR MANUFACTURERS IN THE WORLD There are more than 60 specialist car manufacturers in the UK, including several globally recognisable brands. The array of Alcraft Motor Company Limited 01 specialist car manufacturers is diverse and the products they make are equally varied. These companies collectively have a turnover Allied 02 of some £3.6 billion, directly employ over 11,000 people – often highly skilled – support local suppliers, predominantly do their R&D in the UK and export their products around the world. The sector Aston Martin Lagonda Limited 03 also relies upon, and demonstrates, the creativity and engineering excellence available in the UK. Bentley Motors Limited 04 SPECIALIST CAR MANUFACTURERS PLAY A KEY ROLE Caterham Cars Limited 05 2 IN TECHNOLOGY DEVELOPMENT Specialist car manufacturers, in part through their roots in motorsport, deliver innovation and advancement to the broader industry. They have a Dare (UK) Limited 06 strong track-record in delivering light weighting solutions – often through new technologies such as carbon fibre and composite materials, as well David Brown Automotive Limited 07 as highly efficient powertrains, including electric motors. REGULATIONS AND STANDARDS DESIGNED TO Elemental Motor Company Limited 08 3 RECOGNISE SPECIALIST CAR MAKERS’ NEEDS Specialist manufacturers need appropriate regulations that are Liberty Vehicle Technologies Limited 09 commensurate with their lower volumes, overall market impact, administrative burden and timely access to off-the-shelf new LEVC 10 04 technologies. Some regulations and policies already recognise this such as the EU new car CO2 regulation and RDE (Real Driving Emissions) provisions, small volume manufacturers must still Lotus Cars Limited 11 comply to these regulations but have specific targets and timescales to meet. However, industry looks for broader recognition and the McLaren Automotive Limited 12 move to harmonising global technical regulations to help reduce 15 complexity and the administrative burden of delivering products to 10 11 the global market place. Morgan Motor Company Limited 13 09 17 03 TRADE AND GLOBAL MARKET ACCESS Pilgrim 14 07 4 IS KEY TO GROWTH 13 01 Specialist car manufacturers export around two-thirds of their production, 18 to all corners of the world and notably the US, EU, China, Japan and the Radical Motorsport Limited 15 06 Gulf States. The industry looks to the government to support on-going access and growth in these markets through a suitable Brexit deal and Rolls-Royce Motor Cars Limited 16 future trade deals. 05 12 IMPORTANCE OF THE SUPPLY CHAIN SAIC (MG Motors) 17 5 Manufacturers need a supportive, cost-effective and timely supply of diverse components to ensure they can continue to deliver and grow their TVR 18 08 varied product offerings and remain relevant in future market places. 16 14 IMPORTANCE OF A SKILLED WORKFORCE NON-MEMBERS OF SMMT 6 Specialist car manufacturers often need specific skills to differentiate their products from the mainstream – and so require a strong and secure supply of appropriately skilled workers, especially in advanced engineering, design and electronics. VALUE OF SECTOR REGULATIONS TO THE UK AND STANDARDS SPECIALIST CAR MANUFACTURERS’ CONTRIBUTION RECOGNISING SPECIALIST CAR MANUFACTURERS’ NEEDS 1 UK HOME TO LARGEST SECTOR IS WORTH OUTPUT IS EXPECTED 2APPROPRIATE A HARMONISED GLOBAL SUITABLE LEAD NUMBER OF SPECIALIST £3.6 BILLION TO UK, TO GROW 60% OVER LEGISLATION NEEDED APPROACH REDUCES TIMES ARE NECESSARY CAR MANUFACTURERS EMPLOYING MORE THE NEXT FIVE YEARS TO ENABLE INNOVATION ADMINISTRATIVE TO IMPLEMENT NEW IN THE WORLD THAN 11,000 PEOPLE AND GROWTH BURDENS REGULATIONS The UK is seen as the home of the specialist car industry, The new Aston Martin SUV, the DBX, will be produced in Regulators already consider the administrative burden of Greater harmonisation of global regulations would also and the Society of Motor Manufacturers and Traders (SMMT) Wales, creating 750 jobs and up to a further 3,000 in the local any regulation on participants, but often they can be focused greatly help the specialist car manufacturers, which represents around 20 of the largest and most well-known supply chain. Wales is also home to the new TVR factory, on the larger players and potentially less so on smaller volume typically build a single model and sell it in as many markets specialist car brands. which will use the innovative Gordon Murray design iStream manufacturers. By their nature, specialist car manufacturers as possible. Building to a global standard would help to manufacturing process. In 2020, McLaren’s new £50 million have a limited effect on the overall impact of a regulation, due maximise the markets available for their products. It would SMMT supports the interests of the UK automotive plant in Sheffield is set to come on-stream to build the carbon- to the low volumes of vehicles being produced, however, they also significantly reduce the administrative burden on industry at home and abroad, promoting a united position to fibre chassis for future products, rather than import them. face the same administrative burden as a volume producer. manufacturers’ type approval processes. government, stakeholders and the media. The automotive industry is a vital part of the UK economy, accounting for The industry also includes multi-stage manufacturers such as Specialist car manufacturers have varied levels of economic The specialist sector would also welcome consideration of more than £77.5 billion turnover and £21.5 billion value Allied Vehicles, which take products from volume manufacturers and technical resource, especially when compared with suitable lead times for new regulations. Often specialist added. With some 169,000 people employed directly in and develop them to suit particular market sectors such as global volume manufacturers, even though some may be car manufacturers’ products have longer life-cycles than manufacturing and 814,000 across the wider automotive wheel-chair accessible vehicles. n highly innovative. The low volume nature of the operation mainstream products, to recover investment costs across industry, it accounts for 13% of total UK export of goods and also means that the manufacturer has less volume over lower annual volumes.
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