Automotive Industry Analysis, Competitive Dynamics, Future Scope, Outlook and Forecast To 2025
Global Automotive Industry Research Report, Information Segmentation by Vehicle Type (Passenger Cars, Commercial Vehicle), and Region – Global Report Forecast till 2024
(firmenpresse) - Automotive Industry Analysis
The automobile industry is driven by the production and sale of self-powered vehicles, including passenger cars, trucks, buses, and other commercial vehicles. The automobiles enable the consumers to commute long distances for work, shopping, and entertainment. The development of roads, increasing standard of living, increasing middle class population in developing regions, are the factors driving the automotive industry sector.
The global automotive industry is likely to grow at a 2.78% CAGR over the forecast period (2018-2024), reveals the new Market Research Future (MRFR) report.
Key Players
Leading players profiled in the Automotive Industry Analysis report include Daimler AG (Germany), Ford Motor Company (US), SAIC Motor Corporation Limited (China), Toyota Motor Corporation (Japan), Honda Motor Corporation (Japan), Fiat Chrysler Automobiles (US), Hyundai Motor Company (South Korea), Nissan Motor Corporation (Japan), General Motors (US), Volkswagen AG (Germany), and others.
Market Segmentation
The Market Research Future report offers a wide segmental analysis of the Automotive Industry Analysis based on the vehicle type.
Based on vehicle type, the Automotive Industry Analysis is segmented into commercial vehicles and passenger cars. Of these, the passenger car segment will dominate the market over the forecast period. Passenger cars are used for carrying passengers instead of goods. Factors that are boosting the growth of passenger cars include increasing living standards across the world, stringent regulations laid down by the government concerning vehicle emission level, increasing purchasing power, and increased population. Besides, the growth of this segment is also driven by other factors such as increased spending capacity of customers, growing economies of developing regions, emerging upper and middle classes, growing awareness regarding vehicular pollution and fuel consumption, rolling resistance, and the entire vehicle operating expenditure.
Regional Analysis
Based on the region, the Automotive Industry Analysis report covers growth opportunities and the latest trends across Europe, Asia Pacific, North America, and the Rest of the World. Of these, Asia Pacific will have lion’s share in the market over the forecast period. It is estimated to grow at the fastest pace owing to the shifting preference of consumers for electric cars, stringent environmental policies, and advancements in vehicle technologies. OEMs here are laying emphasis on making hybrid and electric car components that will help in enhancing fuel efficiency and reducing emissions. Increasing spending power of consumers and developed economic conditions have boosted the need for luxury cars and SUVs. Moreover, a rise in partnerships and collaborations between the governments in this region as well as automobile OEMs is predicted to offer higher opportunities for higher growth in the automotive industry.
Get Full Report (at) https://www.marketresearchfuture.com/reports/automotive-industry-7683
About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Datum: 20.04.2020 - 10:32 Uhr
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Date of sending: 20/04/2020
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