Overall global car sales will continue to grow, but the annual growth rate is expected to drop from the 3.6 percent over the last five years to around 2 percent by 2030. Table-03: Americas Automotive Region by Categories Volume Share (Percent), 2017 2020 Volkswagen Table-04: Americas Forecast for Automotive Region by Categories Volume Share (Percent), 2021 2030 This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing. Renub Research is a Market Research and Consulting Company. Global Automotive Adhesives Market Report to 2030 - Opportunity While other industries, such as telecommunications or mobile phones/handsets, have already been disrupted, the automotive industry has seen very little change and consolidation so far. Growing population and mobility demands will lead to a continuous mileage increase. Moreover, customers' demand for unique and costly features is leading the automotive industry in the modern era. February 2017. The analysis highlights influencing factors that impact or help the market requirements, such as Government policies, technical transformations, etc . Recent Development & Strategies In Asia Pacific countries, winning government incentives to simplify electro mobility and increased investments by automakers are expected to drive the market. These upheavals will be accompanied by broader challenges. The industry is expected to grow at a CAGR of . 12.2.3 Financial Insights, 12.3.1 Overview Leverage partnerships. Automotive Glass Market Outlook (2022-2030) [300 Pages Report] Overall revenue in the global automotive glass market is predicted to reach US$ 3.7 Billion in 2022. 12.1.2 Recent Development & Strategies From today's viewpoint, combustion engine-based powertrains will remain dominant, at least for the coming decade. Figure-61: Middle East & Africa HEV Volume (Thousand Units), 2017 2020 Automotive revolution perspective towards 2030. Global Automotive Market Analysis and Outlook to 2030: Environmental considerations are the driving force behind electric vehicles, but these are a relatively minor factors in most car purchase decisions. In fact, both autonomous and electrified are mutually beneficial dimensions (e.g., automatic charging process uses inductive charging). Automotive revolution - perspective towards 2030 | McKinsey The industry is expected to grow at a CAGR of 3.71% from 2020- 2030. Toyota Motor Corporation Table-06: Asia Pacific & Oceania Forecast for Automotive Region by Categories Volume Share (Percent), 2021 2030 Market Segmentation Automotive Aftermarket Overview The automotive aftermarket value was $803.22 billion in 2019, and the market is predicted to register a CAGR of 5.07% between 2020 and 2030. 3. 8.7 Diesel Vehicle 7.6 Fuel Cell Electric Vehicle Figure-57: Europe Petrol Vehicle Volume (Thousand Units), 2017 2020 Figure-33: Asia Pacific & Oceania MHEV Volume (Thousand Units), 2017 2020 Figure-84: Honda Motor Company Forecast for Global Revenue (Billion US$), 2021 2030, Table-01: Global Automotive Volume Share by Regions (Percent), 2017 2020 E-mail us atrequest@qulix.com, Oakwood Dunstan Lane, Burton, Neston, Cheshire, CH64 8TQ, United Kingdom, 2022 Qulix Systems. 4. Sanctions and investment restrictions may even force third-party countries to choose between the two rivals. Figure-27: Asia Pacific & Oceania EV Volume (Thousand Units), 2017 2020 Through continuous improvements in battery technology and cost, those local differences will become less pronounced, and electrified vehicles are expected to gain more and more market share from conventional vehicles. 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. 11.7 Diesel Vehicle 7.4 Mild Hybrid Vehicle 3. However, once these challenges are addressed, autonomous vehicles will offer tremendous value for consumers (for example, the ability to work while commuting, or the convenience of using social media or watching movies while traveling). Car-sharing isnt a new thing. Here are three major trends that will dominate the products and solutions of the new era. 8.8 Petrol Vehicle, 9.1 Electric Vehicle Stricter emission regulations, lower battery costs, more widely available charging infrastructure, and increasing consumer acceptance will create new and strong momentum for penetration of electrified vehicles (hybrid, plug-in, battery electric, and fuel cell) in the coming years. 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. (See Exhibit 2.). 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 $3.5 trillion in 2015 (Exhibit 1). The United States Autonomous Vehicles Industry was US$ 4.00 Billion in 2021. Report. The Automotive Exhaust Hanger research does a complete market analysis to find the major suppliers by integrating all relevant products and services in order to understand the roles of the top industry players in the Automotive Exhaust Hanger segment. Figure-36: Asia Pacific & Oceania Forecast for NGV Volume (Thousand Units), 2021 2030 Statement for COVID-19 banner: The COVID-19 pandemic has negatively impacted the Global Automotive Adhesives market. 10.5 Natural Gas Vehicle Table-07: Europe Automotive Region by Categories Volume Share (Percent), 2017 2020 Industry Segmentation of Global Automotive Heat Shield Market: . Based on usage behavior modelling, it can help to estimate individual mileage and, as a result, the overall car mileage in a particular market. The forecasts should thus be interpreted as a projection of the most probable assumptions across all four trends, based on our current understanding. 9.6 Fuel Cell Electric Vehicle Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis, Global Forecast 2022-2027. China Automobile Market was 27.71 Million Units in 2021. In the race to develop the car of the future, those that collaborate will win. Figure-32: Asia Pacific & Oceania Forecast for PHEV Volume (Thousand Units), 2021 2030 By continuing using the website you agree to our, Autonomous Vehicles: The Mobility Of Tomorrow, Five trends transforming the Automotive Industry, Software Quality Control: Creating Effective QA Plans, Business Analysis of a New Product: Understanding the Process. Table-26: Diesel Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 They are certainly not deterministic in nature but should help industry players better prepare for the uncertainty by discussing potential future states. 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. Global Automotive Axle Market 2022 Industry Outlook, Business Figure-58: Europe Forecast for Petrol Vehicle Volume (Thousand Units), 2021 2030 In Asia Pacific countries, winning government incentives to simplify electro mobility and increased investments by automakers are expected to drive the market. In February 2021, the Delhi government started setting up 100 vehicle battery charging spots across the state to expedite the adoption of electric vehicles. Web and Mobile Development Manager, Qulix Systems, Due to the strict emission control regulations in several countries, automotive companies have started to reorient their strategy towards electric mobility. Figure-68: Middle East & Africa Forecast for NGV Volume (Thousand Units), 2021 2030 Executive Summary, 5.1 Americas Battery Market by Transport was valued at US$ 86.24 Billion in 2021. Figure-40: Asia Pacific & Oceania Forecast for Diesel Vehicle Volume (Thousand Units), 2021 2030 Plug-in Hybrid Electric Vehicle In the future, cars are expected to be connected with each other and the transport infrastructure. Feel free to get in touch with us! Moreover, the total number of traditional jobs required in the industry will be reduced as technologies become less hardwaredriven and more standardized. The industry's principal categories include EV, HEV, PHEV, MHEV, NGV, FCEV, Diesel and Petrol. For instance, the market for a car mainly 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. Auto Industry Trends 2030 | auto connected car news Figure-46: Europe Forecast for HEV Volume (Thousand Units), 2021 2030 12.3.3 Financial Insights, 12.4.1 Overview Traditional automotive players that are under continuous pressure to reduce costs, improve fuel efficiency, reduce emissions, and become more capital-efficient will feel the squeeze, likely leading to shifting market positions in the evolving automotive and mobility industries, potentially leading to consolidation or new forms of partnerships among incumbent players. And they will generate demand for new options, such as parking assistants and massage seats. Car manufacturers must further differentiate their products/services and change their value proposition from traditional car sales and maintenance to integrated mobility services. Please try again later. Modular design will enable automakers to continue to manufacture large numbers of variants around a single platform and in a single plant, increasing flexibility and reducing overcapacity. DUBLIN--(BUSINESS WIRE)--The "Global Automotive Market, Growth & Forecast, Impact of Coronavirus, Industry Trends, By Region, Opportunity Company Analysis" report has been added to ResearchAndMarkets.com's offering. They will have far greater market power than traditional, individual customers, and they will put pressure on prices and margins. The Russia-Ukraine war disrupted . These factors are notable patrons to the incremental growth of the automotive market in the region. Those companies that fail to do so are likely to lag rivals in developing sophisticated products such as self-driving cars and end up falling far behind the pack. 7.2 Hybrid Electric Vehicle Third, a greater focus by customers on mobility and reduced emphasis on ownership will change the way cars are used, especially in big cities. The developments in engine technology are progressing significantly, accompanying the rising emission standards across the globe. provides a detailed analysis of Global Automotive Market. Global Opportunity Analysis and Industry Forecast for the Automotive The base year considered for the study is 2021, and the estimated period is between 2022 and 2030. Reshape the value proposition. Dublin, March 28, 2022 (GLOBE NEWSWIRE) -- The "Automotive Semiconductor Market by Component, Vehicle Type, Propulsion Type and Application: Global Opportunity Analysis and Industry Forecast . The United States became the major car market in the beginning of the'90s, when Ford launched its Model T mass-manufacture. $85,727.8 Million Market Size 8.8% CAGR Asia-Pacific Dominating Region 2022 - 2030 Forecast Period Segmentation When all legal issues will be clarified, the amount of shared and self-driving vehicles on the roads will significantly increase. Automotive Simulation Market Report 2020-2030 - Visiongain 9.3 Plug-in Hybrid Electric Vehicle This report provides a detailed historical analysis of the global market for Automotive Electronics from 2016-2021 and provides extensive market forecasts from 2022-2030 by region/country. 10.8 Petrol Vehicle, 11. Figure-71: Middle East & Africa Diesel Vehicle Volume (Thousand Units), 2017 2020 Figure-06: Forecast for Asia Pacific & Oceania Automotive Volume (Million Units), 2021 2030 These forces are giving rise to four disruptive technology-driven trends in the automotive sector: diverse mobility, autonomous driving, electrification, and connectivity. 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). 10.4 Mild Hybrid Vehicle Global Automotive Interior Materials Market to 2030 - Featuring BASF Figure-28: Asia Pacific & Oceania Forecast for EV Volume (Thousand Units), 2021 2030 4. By 2030, the car market in New York will likely have much more in common with the market in Shanghai than with that of Kansas. 8.3 Plug-in Hybrid Electric Vehicle These companies offer an extensive variety of automotive, fulfilling all significant functions in a vehicle. 9.2 Hybrid Electric Vehicle Financial Insights, 1. But the industry is about to be transformed by multiplerevolutions from drivetrains that power vehicles to digitally connected ecosystems, which arereinventing driving and the customer experience. The key strategies adopted by these companies to sustain their market position are new product developments, acquisitions, and partnerships & expansions. The IEA estimates that global EV sales exceeded 3 million units in 2020. Figure-72: Middle East & Africa Forecast for Diesel Vehicle Volume (Thousand Units), 2021 2030 Figure-52: Europe Forecast for NGV Volume (Thousand Units), 2021 2030 European number one in cybersecurity, cloud and high performance computing, the Group provides tailored end-to-end solutions for all industries in 71 countries. Also, consumers' new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities. Electric vehicles (including plug-in hybrids) are set to increase in 2021 to a 6%-8% . A complete ban on sales of new cars with internal combustion engines could turn some markets almost 100 percent electric. The market introduction of ADAS has shown that the primary challenges impeding faster market penetration are pricing, consumer understanding, and safety/security issues. Figure-41: Asia Pacific & Oceania Petrol Vehicle Volume (Thousand Units), 2017 2020 Automotive Semiconductor Market | Industry Size, Share, Growth | Report From today's viewpoint, combustion engine-based powertrains will remain dominant, at least for the coming decade. Adoption rates will be highest in developed dense cities with strict emission regulations and consumer incentives (tax breaks, special parking and driving privileges, discounted electricity pricing, et cetera). Probably the most important trend in the automotive industry is the worldwide shift to electric vehicles (EVs). Press release - Market Research Future - MRFR - Automotive HMI Market 2022 Global Industry Analysis, Opportunities and Forecast To 2030 - published on openPR.com The global automotive market is dominated by major players such as Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. Depending on the local options, that could mean a ride-hailing service, taxi, rental car, car-sharing service, public transport or, of course, their own car. Figure-13: Americas HEV Volume (Thousand Units), 2017 2020 Consumers new habit of using tailored solutions for each purpose will lead to new segments of specialized vehicles designed for very specific needs. Figure-76: Volkswagen Forecast for Global Revenue (Billion US$), 2021 2030 Manufacturers and suppliers will have to review their business model in order to comply with the 5 trends mentioned before. 7.8 Petrol Vehicle, 8. The industry is expected to grow at a CAGR of 3.71% from 2020-2030. Europe The remaining driver of growth in global car sales is the overall positive macroeconomic development, including the rise of the global consumer middle class. The market is estimated at XX million by 2030, growing at a CAGR of XX%.Global Automotive Software Market Research Forecast Study to 2030 offers an exhaustive strategic keywords assessment. Globally, today's consumers use all-purpose vehicles, whether they are commuting alone to work or taking the whole family to the beach. 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. Laura Wood, Senior Press Manager That's over 4% of global vehicle sales. By contrast, in rural areas such as the state of Iowa in the United States, private-car usage will remain the preferred means of transport by far. 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. Global automotive manufacturing market size 2022 | Statista Figure-54: Europe Forecast for FCEV Volume (Thousand Units), 2021 2030 Industry Trends By Category, Growth, Insight, Impact of COVID-19, Company Analysis, Forecast 2021-2030. Aerostat Systems Market is projected to reach US$ 21.26 Billion by 2027. The global automotive manufacturing market was worth about 2.86 trillion U.S. dollars in 2021. Figure-49: Europe MHEV Volume (Thousand Units), 2017 2020 Global Automotive Market: COVID-19, Growth & Forecast 2020-2030 Table-19: MHEV Global Automotive Category by Region Volume Share (Percent), 2017 2020 The PwC specialists predict that the car inventory in Europe will drop from over 280 million vehicles to around 200 million by 2030 (a decrease of over 25%). Petrol Vehicle. 11.8 Petrol Vehicle, 12.1.1 Overview Thank you for contacting us! For example, only two new players have appeared on the list of the top-15 automotive original-equipment manufacturers (OEMs) in the last 15 years, compared with ten new players in the handset industry. Also, consumers' new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities. 6.4.5 Natural Gas Vehicle High government emphasis across varied . Table-16: HEV Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 At the same time, it is important to note that electrified vehicles include a large portion of hybrid electrics, which means that even beyond 2030, the internal-combustion engine will remain very relevant. Digitization, increasing automation, and new business models have revolutionized other industries, and automotive will be no exception. Table-28: Petrol Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030. We now forecast global auto sales will expand by 8%-10% in 2021 to 83 million-85 million units, up from 77 million in 2020. 12.2.2 Recent Development & Strategies Atos is a global leader in digital transformation with 107,000 employees and annual revenue of over 11 billion. Global Automotive Market, Growth & Forecast, Impact of Coronavirus Figure-62: Middle East & Africa Forecast for HEV Volume (Thousand Units), 2021 2030 Use this contact form for an ASAP response. 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. Asia Pacific & Oceania Global Automotive Volume, 8.1 Electric Vehicle The mobility of tomorrow is emissions-free. Figure-23: Americas Diesel Vehicle Volume (Thousand Units), 2017 2020 Global Automotive Software Market 2022 Industry Outlook, Comprehensive As per this research report, Global Automotive Industry is expected to grow with a CAGR of 3.71% from 2020-2030. Table-13: EV Global Automotive Category by Region Volume Share (Percent), 2017 2020 Plan for your most visible and capital-intensive initiatives. Figure-24: Americas Forecast for Diesel Vehicle Volume (Thousand Units), 2021 2030 Call us onUSA: +1-678-302-0700 INDIA: +91-120-421-9822. Moreover, there will remain a solid core of automobile connoisseurs, especially in the countryside but also among wealthy city dwellers. Drive transformational change. For U.S./CAN Toll Free Call 1-800-526-8630 Based on usage behavior. Figure-12: Americas Forecast for EV Volume (Thousand Units), 2021 2030 What will shape the future automotive sector? In China, by contrast, the proliferation of shared and autonomous mobility could happen faster than in the Western world. Automotive Forecast, Light Vehicle Sales | IHS Markit Figure-65: Middle East & Africa MHEV Volume (Thousand Units), 2017 2020 Table-02: Forecast for Global Automotive Volume Share by Regions (Percent), 2021 2030 Call us at +44 151 528 8015 This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing. The growing technological advantage in AI, machine learning, and deep neural networks will finally allow implementing the concept of autonomous vehicles. Figure-39: Asia Pacific & Oceania Diesel Vehicle Volume (Thousand Units), 2017 2020 9.7 Diesel Vehicle Also, consumers' new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities. Daimler AG 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. Some people will cease to own a car due to the expense, as tighter regulation increases the cost of powertrains, taxes rise for political reasons, and raw material prices go up. The global automotive interior materials market was valued at $55 billion in 2020 and is projected to reach $80.2 billion by 2030, growing at a CAGR of 3.9% from 2021 to 2030. Table-11: Global Automotive Volume Share by Category (Percent), 2017 2020 PwC automotive industry experts defined trends that will drive the transformation of the sector and made suggestions on how companies could leverage them for their future success. We'll email you when new articles are published on this topic. Vehicles will need to be damage-resistant and low-maintenance so that they can easily be used by multiple users. In addition to the base forecasts, IHS Markit offers a full range of optional add-on modules that expand the depth and detail of our insight in areas critical to your organizations success. As a result, there have been more job cuts beyond the sector, with plants and suppliers shutting down in countries where the markets are slowest to recover. Figure-14: Americas Forecast for HEV Volume (Thousand Units), 2021 2030 The developments in engine technology are progressing significantly, accompanying the rising emission standards across the globe. Figure-55: Europe Diesel Vehicle Volume (Thousand Units), 2017 2020 Global Automotive Market: COVID-19, Growth & Forecast 2020-2030 These shifts will mean the industry needs a workforce with different skillsets from today. Automotive from Ultima Media brings to you INSIGHT PLUS and our brand new 74-page global business intelligence report that answers the burning questions every senior executive has recently been asking about Global New Vehicle Demand Forecasts in the wake of the Covid-19 crisis: Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, . 8.2 Hybrid Electric Vehicle Figure-69: Middle East & Africa FCEV Volume (Thousand Units), 2017 2020 Honda Motor Company, 2. The industry is expected to grow at a CAGR of. Figure-78: Toyota Motor Corporation Forecast for Global Revenue (Billion US$), 2021 2030 We strive to provide individuals with disabilities equal access to our website. However, the stakes are higher than they used to be, and the coming upheavals will be on a much greater scale. The full car capacity will be used more intensively than nowadays which means that the vehicles will have to be replaced much sooner. Figure-15: Americas PHEV Volume (Thousand Units), 2017 2020 To get ahead of the inevitable disruption, incumbent players need to implement a four-pronged strategic approach: Prepare for uncertainty. Global Automotive Semiconductor Market | Forecast 2022-2030 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. . Global Automotive Surround View Systems Market: research report covers detailed industry analysis, facts & figures, growth outlook, trends & Forecast helping you in business decision making. 2. The Global Automotive Market consisted of 85.32 million units in 2020, and is expected to reach 122.83 million units by 2030. Published Year: 2021 Electric Vehicle Brake Pads Market - A Global and Regional Market Analysis: Focus on Product, Application, and Country Assessment - Analysis and Forecast, 2021-2026 Get Free Sample . Diverging markets will open opportunities for new players, which will initially focus on a few selected steps along the value chain and target only specific, economically attractive market segmentsand then expand from there. These changes will shake up the structures and systems on which the auto industry is based. Figure-59: Middle East & Africa EV Volume (Thousand Units), 2017 2020 11.5 Natural Gas Vehicle Figure-80: Daimler AG Forecast for Global Revenue (Billion US$), 2021 2030 Figure-60: Middle East & Africa Forecast for EV Volume (Thousand Units), 2021 2030 Americas Global Automotive Volume, 7.1 Electric Vehicle These companies offer an extensive variety of automotive, fulfilling all significant functions in a vehicle. The automotive industry, an essential economic criterion, is on the verge of new technologies and innovations. 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