Market Snapshot:
Automotive OEM, an acronym for Original Equipment Manufacturer within the automotive industry, denotes a company engaged in the production of components or systems utilized in the final products of another entity. Specifically in the automotive sector, Automotive OEMs are those companies responsible for manufacturing the original components and systems essential for the assembly of vehicles. These components encompass various parts, including engine components, chassis systems, electronics, and interior elements, contributing significantly to the automotive supply chain by supplying automakers with the necessary building blocks for vehicle production.The Automotive OEM market is influenced by a convergence of factors, beginning with the growing global demand for vehicles, propelled by population expansion and urbanization. Significant drivers of market growth include technological advancements like electric vehicles and autonomous driving, complemented by stringent government regulations advocating for cleaner and more fuel-efficient vehicles. Despite these opportunities, the industry grapples with challenges such as supply chain disruptions, raw material shortages, economic uncertainties, and heightened competition.
Highlights from Automotive OEM Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Vendors profiled in the report are Toyota Motor Corporation (Japan), Volkswagen AG.(Germany), Nissan (Japan), Honda Motor Co.(Japan), Magna International Inc. (Canada), Continental AG. (Germany), CIE Automotive (Spain), Siemens. (Germany), BMW AG.(Germany), Exide Industries Limited (India) and Denso Corp (Japan). Additionally, other players that are part of this comprehensive study are Robert Bosch, GMbH (Germany), Valeo (France), Aptiv (Ireland), Ford Motor Company (United States) and Mitsubishi Motors Corp. (Japan).
Geographic Breakdown and Segment Analysis
The Global Automotive OEM market presents a comprehensive analysis of the Automotive OEM market by product type (Commercial Vehicles, Passengers Cars, Electric Cars and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Automotive OEM industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Automotive OEM market
Analyst at AMA have segmented the market study of Global Automotive OEM market by Type, Application and Region.
Influencing Trend:
Integration of adavanced technologies such as AI, loT, and 5G, in to vehicle systems and Emphasis on lightweight material and design for fuel efficiency
Market Growth Drivers:
Increasing Global Demand of Increasing Global Demand for Vehicles, Driven by rising population and urbanization and Technological advancements and innovations, such as electric vehicles autonomous driving, and connected cars
Challenges:
Shortage of skiled labor in advanced manufacturing process and Adapting to rapidly evolving consumer preferences and expectations
Restraints:
Supply chain disruptions and material shortages affecting production and Volatility in raw material prices impacting manufacturing costs
Opportunities:
Expansion Emerging markets with untapped growth potential and Development of EV Infrastructure and charging Networks
Market Developments Activities:
In June 2023 Magna strengthens its active safety business with the completion of its acquisition of Veoneer Active Safety from SSW Partners. The deal, which closed today, positions Magna as one of a few suppliers equipped to tackle the increasing complexity coming from advanced software, system and integration challenges by delivering a complete set of offerings to customers.
In January 2022, Toyota Kirloskar Motor, Launched the iconic Hilux in the Indian Market to cater to the needs of Customers Seeking an incredible lifestyle utility vehicle that is best suited for off-roading adventure drivers on tough terrains and everyday city use The name Hilux which is derived from high, and luxury known for extreme toughness and Ruggedness across terrains of the world for decades.
The manufacturers in the automotive OEM market are leveraging advancements in technology to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and end-use industry demands.
Key Target Audience
Manufacturers, Providers, Stacke Holder, New Entrance, Government Bodies and Others