Global Automotive- Market Overview:
Automotive industry involves designing, manufacturing, marketing and selling of motor vehicles such as two & three wheelers, cars, trucks, buses, etc. The demand of passenger cars in developing economies due to urbanization and the growing need for personal mobility which is expected to drive the market growth. Meanwhile, the industry landscape is being shaped by a global transition to electric vehicles due to environmental awareness and government incentives. Further, more consumers are increasingly prioritizing safety features and advanced vehicle technologies in their new vehicles that may create noteworthy opportunities for the global automotive market. However, the industry faces challenges, such as global supply chain disruptions caused by pandemics or geopolitical tensions, which can lead to parts shortages and production delays
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Integration of Advanced Technologies Such as ADAS and Others for Connected Vehicles or Autonomous Driving and Consumers’ Preference Towards the Customization or Personalization of Vehicles
Market Growth Drivers:
Rising Disposable Income of People and Increasing Demand of Vehicles for Personal Use and Inclination Towards the SUVs and Crossover Vehicles Due to Functionality, Safety, And Comfort
Challenges:
Intense Competition in Global Market Due to Availability of Established Players
Restraints:
Ongoing Geopolitical Issues and Supply Chain Disruptions May Affect the Market Growth
Opportunities:
Increasing Initiatives and Incentives by Governments to Promote Electric Vehicles
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, better technical characteristics. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Tata Motors Limited (India), Mercedes-Benz Group AG (Germany), Hyundai Motor Company (South Korea), Honda Motor Co., Ltd. (Japan), Groupe Renault (France), Toyota Motor Corporation (Japan), SAIC Motor Corporation Limited (China), BYD (China), Tesla (United States), AB Volvo (Sweden), Volkswagen Group (Germany), Bayerische Motoren Werke AG (Germany), Ford Motor Company (United States), PACCAR Inc. (United States), SANY Group (China), Eicher (India), Nikola Corporation (United States) and Stellantis N.V. (Netherlands). Analyst at AMA Research see United States & European Vendors to retain maximum share of Global Automotive- market by 2030. Considering Market by Price Range, the sub-segment i.e. Economy/Budget will boost the Automotive- market. Considering Market by Propulsion, the sub-segment i.e. Internal Combustion Engine (ICE) will boost the Automotive- market. Considering Market by Sales Channel, the sub-segment i.e. OEMs (Original Equipment Manufacturers) will boost the Automotive- market.
What Can be Explored with the Automotive- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Automotive- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Automotive-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automotive- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Automotive- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Vehicle Manufacturers, Auto Parts Manufacturers & Suppliers, Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.