According to TechSci Research report, “Global Automotive Market– By Region, Competition, Forecast & Opportunities, 2028,” the Global Automotive Market has been valued at USD 2,900 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 3.5 % through 2028. The Global Automotive Market is the industry that designs, manufactures, distributes, and sells motor vehicles, including passenger cars and commercial vehicles.
The Global Automotive Market is a dynamic and multi-faceted industry that covers the entire life cycle of motor vehicles and shapes economies, societies, and personal mobility. From design and manufacturing to distribution, sales, and post-sale services, the automotive market plays a critical role in global trade and infrastructure.
The automotive market landscape is vast and multifaceted. It covers continents, cultures, and economic systems. It reflects a global demand for mobility and transportation solutions. The automotive industry touches on various aspects such as manufacturing, supply chain, innovation, policy-making, environment, and consumer behavior.
Vehicle sales are affected by global economic conditions such as GDP growth, income level, interest rates, consumer confidence, and more. When the economy takes a downturn, consumers spend less on non-essential products such as vehicles. Technological innovation is changing the industry. From long-range EVs to autonomous vehicles with ADAS (advanced driver assistance systems), innovation is changing mobility.
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Environmental concerns and advances in battery technology are driving the shift toward electric vehicles (EVs). Governments around the world are offering incentives to promote EV adoption and manufacturers are spending heavily on EV research and development.
The global automotive market is a multi-faceted sector that affects economies, cultures, and everyday life. Its development is characterized by the quest for cleaner technologies, enhanced safety, and improved driving experiences.
As the automotive market moves towards electrification and connectivity, autonomy, and shared mobility the industry will continue to define transportation and shape future mobility on a worldwide scale. Different regions of the world contribute to the automotive market dynamics, from North America and Europe to
Asia Pacific and emerging economies. Cultural differences, regulatory frameworks, and economic conditions shape the automotive market dynamics. Supply chain disruptions and regulatory complexities, as well as the need for strong EV charging infrastructure, highlight the constant adaptation of the automotive market. Not only does the automotive market shape transportation, but it also shapes urban planning and environmental sustainability, as well as technological innovation. The automotive market is at the core of modern society’s mobility and progress.
The Global Automotive Market is analyzed based on vehicle type, propulsion type, and region. Based on the vehicle type the market is divided into Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles. Based on the propulsion type, the market is divided into Electric Vehicle, Hybrid Electric Vehicle, Natural Gas Vehicles, Fuel Cell Electric Vehicles, Diesel Vehicles, and Petrol Vehicle. Based on the region, the market is segmented into Asia-Pacific, Europe & CIS, North America, South America, and Middle East & Africa.
Key market players in the Global Automotive Market include:
- Volkswagen
- Toyota Motor Corporation
- Daimler AG
- Ford Motor Company
- Honda Motor Company
- General Motors
- Suzuki
- BMW
- Nissan
- Hyundai
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“The increase in vehicle sales worldwide, combined with a growing emphasis on electric vehicles, contributes significantly to the expansion of the Global Automotive Market. Moreover, in addition of the rising demand for personal vehicles, which necessitates specialized and customized vehicles increases its demand among people. The global automotive market is expected to grow at 3.5% through the forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Global Automotive Market By Vehicle Type (Passenger Car, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles), By Propulsion Type (Electric Vehicle, Hybrid Electric Vehicle, Natural Gas Vehicle, Fuel Cell Electric Vehicle, Diesel Vehicle, Petrol Vehicle), By Regional, Competition, Forecast & Opportunities, 2028,” has evaluated the future growth potential of Automotive Infotainment Systems market globally and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the Global Automotive Market.
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Table of Content-Automotive Market
- Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
- Research Methodology
2.1. Objective of theStudy
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
- Impact of COVID-19 on Global Automotive Market
- Global Automotive Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type Market Share Analysis (Passenger Car, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles)
5.2.2. By Propulsion Type (Electric Vehicle, Hybrid Electric Vehicle, Natural Gas Vehicle, Fuel Cell Electric Vehicle, Diesel Vehicle, Petrol Vehicle)
5.2.3. By Regional Market Share Analysis
5.2.3.1. Asia-Pacific Market Share Analysis
5.2.3.2. Europe & CIS Market Share Analysis
5.2.3.3. North America Market Share Analysis
5.2.3.4. South America Market Share Analysis
5.2.3.5. Middle East & Africa Market Share Analysis
5.2.4. By Company Market Share Analysis (Top 5 Companies, Others – By Value, 2022)
5.3. Global Automotive Market Mapping & Opportunity Assessment
5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
5.3.2. By Propulsion Type Mapping & Opportunity Assessment
5.3.3. By Regional Market Mapping & Opportunity Assessment
- Asia-Pacific Automotive Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type Market Share Analysis
6.2.2. By Propulsion Type Market Share Analysis
6.2.3. By Country Market Share Analysis
6.2.3.1. China Market Share Analysis
6.2.3.2. India Market Share Analysis
6.2.3.3. Japan Market Share Analysis
6.2.3.4. Indonesia Market Share Analysis
6.2.3.5. Thailand Market Share Analysis
6.2.3.6. South Korea Market Share Analysis
6.2.3.7. Australia Market Share Analysis
6.2.3.8. Rest of Asia-Pacific Market Share Analysis
6.3. Asia-Pacific: Country Analysis
6.3.1. China Automotive Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.1.2. By Volume
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Vehicle Type Market Share Analysis
6.3.1.2.2. By Propulsion Type Market Share Analysis
6.3.2. India Automotive Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.1.2. By Volume
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Vehicle Type Market Share Analysis
6.3.2.2.2. By Propulsion Type Market Share Analysis