2. 11.8 Petrol Vehicle, 12.1.1 Overview Figure-33: Asia Pacific & Oceania MHEV Volume (Thousand Units), 2017 2020 Meanwhile, the re-emergence of protectionist trade barriers will push manufacturers increasingly to base production in the region where the cars are sold, making large-scale exports harder, including those of German premium producers. When all legal issues will be clarified, the amount of shared and self-driving vehicles on the roads will significantly increase. Figure-40: Asia Pacific & Oceania Forecast for Diesel Vehicle Volume (Thousand Units), 2021 2030 Figure-42: Asia Pacific & Oceania Forecast for Petrol Vehicle Volume (Thousand Units), 2021 2030 [1] https://www.statista.com/topics/1487/automotive-industry/. Technology shifts can also be expected in safety, with progress in braking, steering, crash protection, and advanced driver-assistance systems. The market is estimated to reach US$ 5.2 Billion in 2030, rising at a steady 4% CAGR.. This study aims to make the imminent changes more tangible. Table-18: PHEV Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 Hence, those companies who will start implementing flexible and scalable concepts now will play an active role in shaping the future automotive industry from 2025. The automotive industry needs strategies for managing and monetizing big data. Executive Summary, 5.1 Americas PwC Autofacts assumes that personal mileage in Europe could rise by 23% to 5.88 trillion kilometers by 2030. Figure-46: Europe Forecast for HEV Volume (Thousand Units), 2021 2030 For example, the market for a car specifically built for e-hailing servicesthat is, a car designed for high utilization, robustness, additional mileage, and passenger comfortwould already be millions of units today, and this is just the beginning. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. $85,727.8 Million Market Size 8.8% CAGR Asia-Pacific Dominating Region 2022 - 2030 Forecast Period Segmentation The base year considered for the study is 2021, and the estimated period is between 2022 and 2030. Others will be put off buying a car because of urbanization: Driving in cities involves extra costs such as parking and is generally no longer a pleasure; many people simply want to get around with as little hassle as possible. A detailed analysis suggests that dense areas with a large, established vehicle base are fertile ground for these new mobility services, and many cities and suburbs of Europe and North America fit this profile. 5. Thus, increasing sales of passenger cars & commercial vehicles and emerging economies are . 3. provides a detailed analysis of Global Automotive Market. , it can help to estimate individual mileage and, as a result, the overall car mileage in a particular market. Specifically, it is necessary to segment these markets by city types based primarily on their population density, economic development, and prosperity. We'll be in touch shortly. Concurrently, they expect a worldwide shift in the percentage of the population with more modern attitude towards mobility innovations. 6.4.4 Mild Hybrid Vehicle THREE - THE STRUCTURE OF THE AUTOMOTIVE INDUSTRY IN 2030 Technology advances and increasingly varied demand will mean that automakers themselves develop less and less of what they produce. Concurrently, vehicle occupants will be also connected with the outside world, so it will be possible to use multi-media services during the journey. Based on Five trends transforming the Automotive Industry by PwC. Table-07: Europe Automotive Region by Categories Volume Share (Percent), 2017 2020 The Asia Pacific is the largest market due to the growing demand for passenger cars and fuel-efficient vehicles. Porter's five forces analysis illustrates the potency of the buyers and. One area where the traditional auto industry lacks skills is software, and much of the new technology that will go in cars is first being developed outside the automotive world, in particular by digital companies. 6.4 Automotive Category by Regions, 6.4.1 Electric Vehicle PORTLAND , OR, USA, UNITED STATES, November 3, 2022 / EINPresswire.com / -- Commercial Auto Insurance Market Outlook - 2030 The global commercial auto insurance market size was valued at. 10.8 Petrol Vehicle, 11. Figure-80: Daimler AG Forecast for Global Revenue (Billion US$), 2021 2030 Figure-27: Asia Pacific & Oceania EV Volume (Thousand Units), 2017 2020 7.6 Fuel Cell Electric Vehicle The global automotive Simulation market is expected to grow by exponential growth rate of 9.6% over the forecast period from 2020 to 2030. From today's viewpoint, combustion engine-based powertrains will remain dominant, at least for the coming decade. 8.5 Natural Gas Vehicle Figure-68: Middle East & Africa Forecast for NGV Volume (Thousand Units), 2021 2030 Table-19: MHEV Global Automotive Category by Region Volume Share (Percent), 2017 2020 Global Light Vehicle sales grew once again in year-on-year (YoY) terms, up 5.0% for March. Many more new players are likely to enter the market, especially cash-rich high-tech companies and start-ups. So automakers will have to design cars with these changes in mind. As automakers reach out to new kinds of partners, the traditional industry structure, based on vertical supply chains, is being replaced by an array of new relationships for example between automakers and digital companies and between different automakers. The major drivers of growth for this market are increasing number of connected cars, rising electrical & electronics design complexity in cars, increasing demand of . PwC analysts, therefore, estimate that by 2030 there will only be a small, single-digit percentage of pure combustion engines among new car sales in the EU. 10.4 Mild Hybrid Vehicle In fact, self-driving and shared cars will be replaced more frequently, which will lead to the sales volume increase. As a result, stable market shares and supplier relationships will be replaced by winner-takes-all markets for specialist technology products that are essential for making or using cars effectively. Table-10: Middle East & Africa Forecast for Automotive Region by Categories Volume Share (Percent), 2021 2030 The website uses cookies for analytics, advertising and to make user experience more personal and convenient. As per this research report, Global Automotive Industry is expected to grow with a CAGR of 3.71% from 2020-2030. These new entrants from outside the industry are also wielding more influence with consumers and regulators (that is, generating interest around new mobility forms and lobbying for favorable regulation of new technologies). Though the driver of the past might have chosen a model that can fulfill each of these needs, the car user of the future will seek the best solution for each task. Figure-30: Asia Pacific & Oceania Forecast for HEV Volume (Thousand Units), 2021 2030 These changes will shake up the structures and systems on which the auto industry is based. Besides, the improvement of mobility safety and its costs reduction will push general mobility trends into the direction of individual mobility. Statement for COVID-19 banner: The COVID-19 pandemic has negatively impacted the Global Automotive Adhesives market. Get the latest business insights from Dun & Bradstreet. Mobility providers (Uber, for example), tech giants (such as Apple, Google), and specialty OEMs (Tesla, for instance) increase the complexity of the competitive landscape. Another reason to form alliances is to share the huge cost burdens of developing the next generation of mobility. The report gives a detailed insight into current market dynamics and provides analysis on future. 12-year Extension Forecast. Figure-52: Europe Forecast for NGV Volume (Thousand Units), 2021 2030 Based on usage behavior modelling, it can help to estimate individual mileage and, as a result, the overall car mileage in a particular market. This could create up to $1.5 trillionor 30 percent morein additional revenue potential in 2030, compared with about $5.2 trillion from traditional car sales and aftermarket products/services, up by 50 percent from about $3.5 trillion in 2015 (Exhibit 1). Our report has covered the regional analysis for the Americas, Asia Pacific & Oceania, Europe and Middle East & Africa. Many of these mobility services will run into their own problems of feasibility and, when the services do work, they will often tempt people away from public transport rather than from car ownership. Growing population and mobility demands will lead to a continuous mileage increase. Car manufacturers must further differentiate their products/services and change their value proposition from traditional car sales and maintenance to integrated mobility services. The market introduction of ADAS has shown that the primary challenges impeding faster market penetration are pricing, consumer understanding, and safety/security issues. Meanwhile, advanced driver-assistance systems (ADAS) will play a crucial role in preparing regulators, consumers, and corporations for the medium-term reality of cars taking over control from drivers. The global market for automotive hypervisor is projected to grow with a CAGR of 29.1% during the forecast period from 2020-2030 and is estimated to reach $1.8 billion by 2030. The speed of adoption will be determined by the interaction of consumer pull (partially driven by total cost of ownership) and regulatory push, which will vary strongly at the regional and local level. Moreover, the rising adoption of MHEVs in the Asia Pacific is expected to drive automotive production. The key strategies adopted by these companies to sustain their market position are new product developments, acquisitions, and partnerships & expansions. Fuel Cell Electric Vehicle The IEA estimates that global EV sales exceeded 3 million units in 2020. These factors are notable patrons to the incremental growth of the automotive market in the region. Success in 2030 will require automotive players to shift to a continuous process of anticipating new market trends, exploring alternatives and complements to the traditional business model, and exploring new mobility business models and their economic and consumer viability. A complete ban on sales of new cars with internal combustion engines could turn some markets almost 100 percent electric. Automotive Cameras industry report classifies global market by share, trend, growth and based on vehicle type, technology, application, and region | Automobile Camera The United States became the major car market in the beginning of the'90s, when Ford launched its Model T mass-manufacture. Figure-47: Europe PHEV Volume (Thousand Units), 2017 2020 The current market is quantitatively analyzed from 2020 to 2030 to highlight the financial competency of the market. A direct software-based interaction with each user will help to generate higher revenues over the customer relationship lifecycle. Moreover, there will remain a solid core of automobile connoisseurs, especially in the countryside but also among wealthy city dwellers. Automotive from Ultima Media brings to you INSIGHT PLUS and our brand new 74-page global business intelligence report that answers the burning questions every senior executive has recently been asking about Global New Vehicle Demand Forecasts in the wake of the Covid-19 crisis: The global automotive manufacturing market was worth about 2.86 trillion U.S. dollars in 2021. The rivalry among the US and China will continue in 2021. Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis, Global Forecast 2022-2027. China Automobile Market was 27.71 Million Units in 2021. First, vehicles will run on different power sources. Figure-74: Middle East & Africa Forecast for Petrol Vehicle Volume (Thousand Units), 2021 2030 The United States Autonomous Vehicles Industry was US$ 4.00 Billion in 2021. The global automotive adhesives market size was valued at $4.7 billion in 2020, and projected to reach $8.4 billion by 2030, with a CAGR of 5.9% from 2021 to 2030. Figure-53: Europe FCEV Volume (Thousand Units), 2017 2020 They will have far greater market power than traditional, individual customers, and they will put pressure on prices and margins. In megacities such as London, for example, car ownership is already becoming a burden for many, due to congestion fees, a lack of parking, traffic jams, et cetera. Current moves by citiesto gradually increase their restrictions on internal combustion engines suggest a scenario that could lead to electric vehicles representing 30 percent of sales by 2030. Table-23: FCEV Global Automotive Category by Region Volume Share (Percent), 2017 2020 7.7 Diesel Vehicle The industry is expected to grow at a CAGR of 3.71% from 2020-2030. The Global Automotive Market consisted of 85.32 million units in 2020, and is expected to reach 122.83 million units by 2030. 9.3 Plug-in Hybrid Electric Vehicle Moreover, customers' unique and costly features demand is leading the automotive industry in the modern era. Figure-55: Europe Diesel Vehicle Volume (Thousand Units), 2017 2020 $205 Million Market Size 4.5% CAGR Europe Dominating Region 2022-2030 Forecast Period Segmentation By Type Ac Bdc By Motor Type Pmsm Dc Brushless Ac Induction By EV Type Bev Hev Phev We strive to provide individuals with disabilities equal access to our website. Vehicle sales forecast 2020-2030 for: The US and North America Europe China Japan Rest of APAC and Oceania Central & South America Middle East & Africa Downloads Global vehicle demand forecast_coronavirus_March 26th PDF, Size 0.81 mb Save article Figure-05: Asia Pacific & Oceania Automotive Volume (Million Units), 2017 2020 For companies that grasp the new realities, there are opportunities to position themselves innovatively so that they prosper in the market of the future. press@researchandmarkets.com Reshape the value proposition. Automotive industry is garnering much attention from various sectors, due to which it can expect a smooth run with a CAGR of 4.5% during the forecast period. Connectivity, and later autonomous technology, will increasingly allow the car to become a platform for drivers and passengers to use their time in transit to consume novel forms of media and services or dedicate the freed-up time to other personal activities. As per this research report, Global Automotive Industry is expected to grow with a CAGR of 3.71% from 2020-2030. E-mail us atrequest@qulix.com, Oakwood Dunstan Lane, Burton, Neston, Cheshire, CH64 8TQ, United Kingdom, 2022 Qulix Systems. Description. Figure-72: Middle East & Africa Forecast for Diesel Vehicle Volume (Thousand Units), 2021 2030 Natural Gas Vehicle Figure-54: Europe Forecast for FCEV Volume (Thousand Units), 2021 2030 Figure-35: Asia Pacific & Oceania NGV Volume (Thousand Units), 2017 2020 The industry's principal categories include, Furthermore, MHEVs are also bringing higher efficiency and lower running costs to combustion engines and could therefore provide promising opportunities for OEMs, suppliers, and customers until electric powertrains become ubiquitous. The global automotive sensors market is expected to reach $12.79 billion by 2030, with a CAGR of 5.47% during the forecast period 2021-2030. Also, consumers' new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities. Changing consumer preferences, tightening regulation, and technological breakthroughs add up to a fundamental shift in individual mobility behavior. February 2017. Here are three major trends that will dominate the products and solutions of the new era. The global Automotive Camera market size reached USD 6.92 Billion in 2021 and is expected to reach USD 18.14 Billion in 2030 registering a CAGR of 11.3%. The global automotive cybersecurity market size was $1,152.7 million in 2019, which is projected to reach $7,280.2 million by 2030, growing at a CAGR of 18.5% during the forecast period (2020-2030). Figure-07: Europe Automotive Volume (Million Units), 2017 2020 (Million USD) and Growth Rate (%) Forecast (2022-2030) 10.3 Global Automotive Surround View Systems Forecast by Regions 10.3.1 North America Automotive . We think that in Germany and the United States spending on car-based individual mobility services will double by 2040, while in China it could triple. However, the stakes are higher than they used to be, and the coming upheavals will be on a much greater scale. With battery costs potentially decreasing to $150 to $200 per kilowatt-hour over the next decade, electrified vehicles will achieve cost competitiveness with conventional vehicles, creating the most significant catalyst for market penetration. That's over 4% of global vehicle sales. According to the report, the Global Automotive Market consisted of 85.32 million units in 2020, and is expected to reach 122.83 million units by 2030. 10.3 Plug-in Hybrid Electric Vehicle The key strategies adopted by these companies to sustain their market position are new product developments, acquisitions, and partnerships & expansions. Electronic systems and mobile communications in particular will enable drivers to spend less time driving while in their cars and more time doing other things. Mild Hybrid Vehicle The decrease in demand for many non-essential products and shut . Table-15: HEV Global Automotive Category by Region Volume Share (Percent), 2017 2020 In Asia Pacific countries, winning government incentives to simplify electro mobility and increased investments by automakers are expected to drive the market. , Aug 22, 2022. Increasing investment by OEMs and other bodies in R&D as a result of altering . PwC calculated a decrease of 19% already by 2020. 7. Regarding technological readiness, tech players and start-ups will likely also play an important role in the development of autonomous vehicles. 4. The industry is expected to grow at a CAGR of. 7.3 Plug-in Hybrid Electric Vehicle If you have already purchased this report sign-in to your account for access.. Figure-59: Middle East & Africa EV Volume (Thousand Units), 2017 2020 Petrol Vehicle. This usage pattern could drive demand for frugal vehicle concepts that are suited for multiple users a bit like the aircraft interior of a discount airline. As a result, there have been more job cuts beyond the sector, with plants and suppliers shutting down in countries where the markets are slowest to recover. Figure-06: Forecast for Asia Pacific & Oceania Automotive Volume (Million Units), 2021 2030 And more than 55% of new cars will already be fully electrified. Figure-69: Middle East & Africa FCEV Volume (Thousand Units), 2017 2020 4. 5. The global automotive HVAC market size is expected to grow from $43.25 billion in 2021 to $46.48 billion in 2022 at a compound annual growth rate (CAGR) of 7.5%. Digitization, increasing automation, and new business models have revolutionized other industries, and automotive will be no exception. Figure-66: Middle East & Africa Forecast for MHEV Volume (Thousand Units), 2021 2030 In the period between 2020 and 2025, manufacturers and suppliers will face decreasing margins. The industry is expected to grow at. 4. But for some time to come, many vehicles will continue to be powered by conventional combustion engines. 10.6 Fuel Cell Electric Vehicle Table-27: Petrol Global Automotive Category by Region Volume Share (Percent), 2017 2020 They want speed and acceleration, the sound of a V8 engine, heightened comfort, and classic looks, and are ready to pay for it. The global automotive airbag textile market is anticipated to gain exponential industry growth over the given forecast period of 2020-2030, with a projected value of US$ XX Mn, from US$ XX Mn in 2020, indexing a CAGR of XX by the end of the aforementioned timeline. The developments in engine technology are progressing significantly, accompanying the rising emission standards across the globe. The global automotive suspension systems market is expected to grow from $56.87 billion in 2021 to $59.17 billion in 2022 at a compound annual growth rate (CAGR) of 4.05%. Web and Mobile Development Manager, Qulix Systems Diesel Vehicle 8.8 Petrol Vehicle, 9.1 Electric Vehicle Electric vehicles (including plug-in hybrids) are set to increase in 2021 to a 6%-8% . Detailed TOC of 2022-2030 Report on Global Automotive Heat Shield Market by Player, Region, Type, Application and Sales Channel . As shared mobility solutions with shorter life cycles will become more common, consumers will be constantly aware of technological advances, which will further increase demand for upgradability in privately used cars as well. Figure-56: Europe Forecast for Diesel Vehicle Volume (Thousand Units), 2021 2030 Table-21: NGV Global Automotive Category by Region Volume Share (Percent), 2017 2020 In these cases, flexible pay-per-use models will provide an alternative. Third, a greater focus by customers on mobility and reduced emphasis on ownership will change the way cars are used, especially in big cities. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, "Global Automotive Market, Growth & Forecast, Impact of Coronavirus, Industry Trends, By Region, Opportunity Company Analysis", https://www.researchandmarkets.com/r/i5dvrd. Figure-16: Americas Forecast for PHEV Volume (Thousand Units), 2021 2030 The shift to less-complex battery power, combined with improvements in design and manufacturing, will make vehicles more robust, and many components will need to be replaced less often. 9.5 Natural Gas Vehicle Battery Market by Transport was valued at US$ 86.24 Billion in 2021. 5.2 Asia Pacific & Oceania Manufacturers and suppliers will have to review their business model in order to comply with the 5 trends mentioned before.

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