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: Customers, cars, the industry all will look different. In all these areas, automakers will have to build up competence in technologies where other industries have already set the standards. As per this research report, Global Automotive Industry is expected to grow with a CAGR of 3.71% from 2020-2030. Automotive Steel Market size valued at USD 112.93 billion in 2021 and is projected to expand at over 3% in terms of revenue from 2022 to 2030. Figure-31: Asia Pacific & Oceania PHEV Volume (Thousand Units), 2017 2020 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. The decrease in demand for many non-essential products and shut . For E.S.T Office Hours Call 1-917-300-0470 Table-26: Diesel Forecast for Global Automotive Category by Region Volume Share (Percent), 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. Figure-39: Asia Pacific & Oceania Diesel Vehicle Volume (Thousand Units), 2017 2020 This would mean that more than 30 percent of miles driven in new cars sold could be from shared mobility. 7.2 Hybrid Electric Vehicle For instance, some of the recent initiatives taken by the Government of India are: The global automotive market is dominated by major players such as Volkswagen, Toyota Motor Corporation, Daimler AG, Ford Motor Company and Honda Motor Company. 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. 3. These forces are giving rise to four disruptive technology-driven trends in the automotive sector: diverse mobility, autonomous driving, electrification, and connectivity. Growing population and mobility demands will lead to a continuous mileage increase. 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. Figure-40: Asia Pacific & Oceania Forecast for Diesel Vehicle Volume (Thousand Units), 2021 2030 Industry Drivers. Add-on Modules. Though the car inventory will decrease, the sales of vehicles are forecasted to grow. 5.2 Asia Pacific & Oceania However, the stakes are higher than they used to be, and the coming upheavals will be on a much greater scale. In these cases, flexible pay-per-use models will provide an alternative. Understanding where future business opportunities lie requires a more granular view of mobility markets than ever before. Expected global LV sales growth from 2021 to 2022: 3.75%. Our report has covered the regional analysis for the Americas, Asia Pacific & Oceania, Europe and Middle East & Africa. In the race to develop the car of the future, those that collaborate will win. Figure-34: Asia Pacific & Oceania Forecast for MHEV Volume (Thousand Units), 2021 2030 In the period between 2020 and 2025, manufacturers and suppliers will face decreasing margins. After a disastrous 2020 for the global automotive sector, an upturn is expected in 2021, but carmakers worldwide will demand to seek out growth pockets while pushing through extensive cost-cutting programmes. Todays economies are dramatically changing, triggered by development in emerging markets, the accelerated rise of new technologies, sustainability policies, and changing consumer preferences around ownership. Find company research, competitor information, contact details & financial data for GLOBAL WORKER INDUSTRY SP Z O O of Wrocaw, dolnolskie. 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. Figure-61: Middle East & Africa HEV Volume (Thousand Units), 2017 2020 10.2 Hybrid Electric Vehicle 9.5 Natural Gas Vehicle 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. They might want to go from a station or airport in a foreign city to a business meeting, buy furniture and ferry kids around, or take the occasional trip to the beach or mountains. Figure-49: Europe MHEV Volume (Thousand Units), 2017 2020 The website uses cookies for analytics, advertising and to make user experience more personal and convenient. Figure-58: Europe Forecast for Petrol Vehicle Volume (Thousand Units), 2021 2030 Developments in Europe and the US are expected to happen at a roughly parallel pace. In fact, self-driving and shared cars will be replaced more frequently, which will lead to the sales volume increase. Here are the key insights presented in the study. 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. Dublin, Oct. 20, 2022 (GLOBE NEWSWIRE) -- The "Cobalt Sulphate Market by Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's. The growth of battery power and digital driving systems will mean a place in the industry for both new automotive players and other companies, in particular from China and the digital world. Volkswagen 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. Figure-52: Europe Forecast for NGV Volume (Thousand Units), 2021 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 . 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. 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. Figure-11: Americas EV Volume (Thousand Units), 2017 2020 Moreover, customers' demand for unique and costly features is leading the automotive industry in the modern era. Figure-05: Asia Pacific & Oceania Automotive Volume (Million Units), 2017 2020 Table-22: NGV Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 These shifts will mean the industry needs a workforce with different skillsets from today. The key strategies adopted by these companies to sustain their market position are new product developments, acquisitions, and partnerships & expansions. Figure-65: Middle East & Africa MHEV Volume (Thousand Units), 2017 2020 Relevant 'Autonomous Vehicles: The Mobility Of Tomorrow'. Diesel Vehicle Figure-14: Americas Forecast for HEV Volume (Thousand Units), 2021 2030 Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, . Figure-73: Middle East & Africa Petrol Vehicle Volume (Thousand Units), 2017 2020 8.3 Plug-in Hybrid Electric Vehicle Moreover, the total number of traditional jobs required in the industry will be reduced as technologies become less hardwaredriven and more standardized. 8.2 Hybrid Electric Vehicle 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. Figure-76: Volkswagen Forecast for Global Revenue (Billion US$), 2021 2030 Hybrid Electric Vehicle 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. 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. Most industry players and experts agree that the four trends will reinforce and accelerate one another, and that the automotive industry is ripe for disruption. Searches for " electric vehicles " are up by 257% over the past five years. 9.7 Diesel Vehicle Global sales expected to reach pre-pandemic levels in 2023. 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. 8.5 Natural Gas Vehicle Global Automotive Market has been covered from 4 viewpoints: Americas - Automotive Volume has been covered from 8 viewpoints: Asia Pacific & Oceania - Automotive Volume has been covered from 8 viewpoints: Europe - Automotive Volume has been covered from 8 viewpoints: Middle East & Africa - Automotive Volume has been covered from 8 viewpoints: Company Insights - Overview, Recent Development & Strategies, Financial Insights: For more information about this report visit https://www.researchandmarkets.com/r/i5dvrd, ResearchAndMarkets.com 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. Global Light Vehicle sales grew once again in year-on-year (YoY) terms, up 5.0% for March. 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. 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. 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. Here are three major trends that will dominate the products and solutions of the new era. Interview With Oliver Blume, CEO Of Porsche AG, Why Electric Vehicle Sales Are About To Take Off, Designing A Path To Better Vehicles Launches, Where China Is Leading The Mobility Revolution, Discover more of our accolades from around the world. Figure-47: Europe PHEV Volume (Thousand Units), 2017 2020 Globally the automobile industry is supported by various factors such as the availability of skilled labour at low cost, robust R&D centres, and low-cost steel production. Figure-48: Europe Forecast for PHEV Volume (Thousand Units), 2021 2030 One thing is certain, the changes will be fast, and only those players that move quickly and make bold decisions will be able to thrive. 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 The industry is expected to grow at a CAGR of . Honda Motor Company, 2. 9.2 Hybrid Electric Vehicle The auto . New mobility services may result in a decline of private-vehicle sales, but this decline is likely to be offset by increased sales in shared vehicles that need to be replaced more often due to higher utilization and related wear and tear. Concurrently, they expect a worldwide shift in the percentage of the population with more modern attitude towards mobility innovations. 6.2 Region by Automotive Vehicle Categories, 6.2.1 Americas From today's viewpoint, combustion engine-based powertrains will remain dominant, at least for the coming decade. Regulation and consumer acceptance may represent additional hurdles for autonomous vehicles. The global Automotive Exhaust Hanger market also provides a thorough analysis of cutting-edge . Figure-60: Middle East & Africa Forecast for EV Volume (Thousand Units), 2021 2030 Cars will be annually updated to integrate the newest hardware and software. 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%). Technology shifts can also be expected in safety, with progress in braking, steering, crash protection, and advanced driver-assistance systems. The market was valued at $1.6 billion in 2019 and has the potential to reach $4.4 billion by the end of forecast period 2030. Based on usage behavior. Without government legislation or incentives, electric vehicles might only make up 10 percent of new vehicle sales by 2030. These companies offer an extensive variety of automotive, fulfilling all significant functions in a 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. Required in the period between 2020 and 2025, manufacturers and suppliers will face decreasing.. 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