In the race to develop the car of the future, those that collaborate will win. Moreover, the rising adoption of MHEVs in the Asia Pacific is expected to drive automotive production. Table-22: NGV Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 Globally, today's consumers use all-purpose vehicles, whether they are commuting alone to work or taking the whole family to the beach. $205 Million Market Size 4.5% CAGR Europe Dominating Region 2022-2030 Forecast Period Segmentation By Type Ac Bdc By Motor Type Pmsm Dc Brushless Ac Induction By EV Type Bev Hev Phev However, the industrys primary focus should be on its customers and the products it makes for them. Middle East & Africa. As populations age, a growing number of people will just need ways to stay mobile in some cases because they can no longer drive themselves and they will not care whether they get around by way of traditional driving. Figure-05: Asia Pacific & Oceania Automotive Volume (Million Units), 2017 2020 Global vehicle demand forecast 2020-2030 - Automotive Logistics Vehicle sales forecast 2020-2030 for: The US and North America Europe China Japan Rest of APAC and Oceania Central & South America Middle East & Africa Downloads Global vehicle demand forecast_coronavirus_March 26th PDF, Size 0.81 mb Save article 12.2.2 Recent Development & Strategies 10.8 Petrol Vehicle, 11. Figure-16: Americas Forecast for PHEV Volume (Thousand Units), 2021 2030 8.5 Natural Gas Vehicle Table-28: Petrol Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030. Figure-57: Europe Petrol Vehicle Volume (Thousand Units), 2017 2020 7.7 Diesel Vehicle Figure-12: Americas Forecast for EV Volume (Thousand Units), 2021 2030 Global economy and automotive industry outlook 2022 - Wallenius Wilhelmsen Fuel Cell Electric Vehicle The industry is expected to grow at. Figure-10: Forecast for Middle East & Africa Automotive Volume (Million Units), 2021 2030 10 Important Auto Industry Trends (2022-2024) - Exploding Topics Figure-33: Asia Pacific & Oceania MHEV Volume (Thousand Units), 2017 2020 5.3 Europe Figure-78: Toyota Motor Corporation Forecast for Global Revenue (Billion US$), 2021 2030 The IEA estimates that global EV sales exceeded 3 million units in 2020. 6.4.4 Mild Hybrid Vehicle 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. Add-on Modules. The automotive industry, an essential economic criterion, is on the verge of new technologies and innovations. Figure-81: Ford Motor Company Global Revenue (Billion US$), 2017 2020 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. In fact, self-driving and shared cars will be replaced more frequently, which will lead to the sales volume increase. 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. 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. COVID-19's Devastating Effect on the Global Automotive 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. 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. In fact, not only direct buyers will be considered as target groups and customers of the car industry, but all consumers of the products, both in private and shared usage. 12.1.2 Recent Development & Strategies PwC assumes that car sales in Europe could rise by 34%, while in the U.S. they expect it could grow by 20% in 2030. Global Automotive Interior Materials Market to 2030 - Featuring BASF Global Automotive Software Market 2022 Industry Outlook, Comprehensive The automobile is arguably the most successful product of the past century, and there is littleevidence that people want to give up what it offers: fast, autonomous mobility over long andshort distances at an affordable price. Table-02: Forecast for Global Automotive Volume Share by Regions (Percent), 2021 2030 The forecasts should thus be interpreted as a projection of the most probable assumptions across all four trends, based on our current understanding. 8 min read Company Logo Dublin, March 28, 2022 (GLOBE NEWSWIRE) -- The "Automotive Semiconductor Market by Component, Vehicle Type, Propulsion Type and Application:. Press release - Market Research Future - MRFR - Automotive HMI Market 2022 Global Industry Analysis, Opportunities and Forecast To 2030 - published on openPR.com Global Light Vehicle market selling rate slipped back to 92.8 mn units/year in January 2017. For the U.S. they estimate a fall of 22% (to 212 million vehicles). PwC forecasts that 40% of the mileage driven in Europe could be covered by autonomous vehicles in 2030. The pace of recovery is uneven regionally, with China leading, North America following, and Europe likely lagging behind. In Asia Pacific countries, winning government incentives to simplify electro mobility and increased investments by automakers are expected to drive the market. Global Automotive Exhaust Hanger Market Size and Forecast (2022-2030) Figure-37: Asia Pacific & Oceania FCEV Volume (Thousand Units), 2017 2020 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. Autonomous driving will mainly increase in inner cities and on highways. Asia Pacific & Oceania The coronavirus (COVID-19) pandemic has induced a decade of expansion in the global automotive industry to an abrupt standstill, with sales plummeting in most markets. Report. The authors wish to thank Sven Beiker, Garrett Bray, Alexander Brotschi, Gregor Eckhard, Mingyu Guan, Russell Hensley, Dominic Kohler, Timo Mller, and Nicolai Mller for their contributions to this article. 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. Big Picture: Global Automotive Outlook 2 Implications for the Global Automotive Industry Counter-synchronization of auto sales cycles across world regions continues with emerging markets and developed markets on opposite waves; wave amplitude likely to dissipate in time Risk of broad retreat from globalization Trump, Mexico, China Brexit, Eurozone Table-17: PHEV Global Automotive Category by Region Volume Share (Percent), 2017 2020 E-mail us atrequest@qulix.com, Oakwood Dunstan Lane, Burton, Neston, Cheshire, CH64 8TQ, United Kingdom, 2022 Qulix Systems. Manufacturers and suppliers will have to review their business model in order to comply with the 5 trends mentioned before. However, the spread of autonomous cars technology will lower the accident rate, and, as a result, decrease their maintenance and repair costs, so the cars will stay longer in use. 4. Battery Market by Transport was valued at US$ 86.24 Billion in 2021. The automotive industry, an essential economic criterion, is on the verge of new technologies and innovations. Moreover, customers' unique and costly features demand is leading the automotive industry in the modern era. Automotive Electronics Market Share and Global Opportunities 2022 Electric vehicles make up an increasing proportion of new models sold, and other new technologies such as fuel cells are being developed. Quick forecasts. 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. Plug-in Hybrid Electric Vehicle However, the stakes are higher than they used to be, and the coming upheavals will be on a much greater scale. 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. Figure-69: Middle East & Africa FCEV Volume (Thousand Units), 2017 2020 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 increasing sales figures of new vehicles will require investments in production capacity for the necessary hardware. Also, consumers' new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities. Nowadays, the company still ranks among the most popular passenger cars manufacturers worldwide. Our global EV forecast is for a compound annual growth rate of 29 per cent achieved over the next ten years: Total EV sales growing from 2.5 million in 2020 to 11.2 million in 2025, then reaching 31.1 million by 2030. Automotive Steel Market Size | Trends Report, 2022-2030 Americas Global Automotive Volume, 7.1 Electric Vehicle Figure-76: Volkswagen Forecast for Global Revenue (Billion US$), 2021 2030 In the future, they may want the flexibility to choose the best solution for a specific purpose, on demand and via their smartphones. The growing technological advantage in AI, machine learning, and deep neural networks will finally allow implementing the concept of autonomous vehicles. Table-20: MHEV Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 Technology shifts can also be expected in safety, with progress in braking, steering, crash protection, and advanced driver-assistance systems. Figure-51: Europe NGV Volume (Thousand Units), 2017 2020 As a result of this shift to diverse mobility solutions, up to one out of ten new cars sold in 2030 may likely be a shared vehicle, which could reduce sales of private-use vehicles. 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. 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-25: Americas Petrol Vehicle Volume (Thousand Units), 2017 2020 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%. Thank you for contacting us! What will shape the future automotive sector? Hybrid Electric Vehicle A progressive scenario would see fully autonomous cars accounting for up to 15 percent of passenger vehicles sold worldwide in 2030 (Exhibit 2). 11.7 Diesel Vehicle This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing. Global Automotive Semiconductor Market (2021 to 2030) Mild Hybrid Vehicle Figure-38: Asia Pacific & Oceania Forecast for FCEV Volume (Thousand Units), 2021 2030 We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. 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. 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 . This automotive HVAC market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. Table-23: FCEV Global Automotive Category by Region Volume Share (Percent), 2017 2020 Statement for COVID-19 banner: The COVID-19 pandemic has negatively impacted the Global Automotive Adhesives market. Across those segments, consumer preferences, policy and regulation, and the availability and price of new business models will strongly diverge. Sanctions and investment restrictions may even force third-party countries to choose between the two rivals. 10.4 Mild Hybrid Vehicle The industry's principal categories include EV, HEV, PHEV, MHEV, NGV, FCEV, Diesel and Petrol. 7.4 Mild Hybrid Vehicle 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. Figure-44: Europe Forecast for EV Volume (Thousand Units), 2021 2030 Partner and Global Head, Automotive & Manufacturing Industries, Automakers Choice: Disrupt Or Be Disrupted, An unprecedented range of challenges arrives, Perspectives on the latest trends and issues in the automotive industry. Figure-09: Middle East & Africa Automotive Volume (Million Units), 2017 2020 Figure-58: Europe Forecast for Petrol Vehicle Volume (Thousand Units), 2021 2030 Meanwhile, consumer confidence, low interest rates and good job figures have led to a strong demand for durable goods including light vehicles. Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis, Global Forecast 2022-2027. China Automobile Market was 27.71 Million Units in 2021. That's over 4% of global vehicle sales. Global Automotive E-commerce Market is valued at approximately USD $$ million in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030. Global Automotive Surround View Systems Market: research report covers detailed industry analysis, facts & figures, growth outlook, trends & Forecast helping you in business decision making. Figure-28: Asia Pacific & Oceania Forecast for EV Volume (Thousand Units), 2021 2030 Diverging markets will open opportunities for new players, which will initially focus on a few selected steps along the value chain and target only specific, economically attractive market segmentsand then expand from there. According to the report, the Global Automotive Market consisted of 85.32 million units in 2020, and is expected to reach 122.83 million units by 2030. The industry is expected to grow at a CAGR of . Also, consumers' new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities. The automotive industry is an essential economic criterion, is on the verge of new technologies and innovations. Table-16: HEV Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 The electrification of the drive train will make it possible. As per this research report, Global Automotive Industry is expected to grow with a CAGR of 3.71% from 2020-2030. The industry's principal categories include, Furthermore, MHEVs are also bringing higher efficiency and lower running costs to combustion engines and could therefore provide promising opportunities for OEMs, suppliers, and customers until electric powertrains become ubiquitous. The MHEVs represent a technological leap in the automotive market - vehicles solely based on a combustion engine. Figure-79: Daimler AG Global Revenue (Billion US$), 2017 2020 11.3 Plug-in Hybrid Electric Vehicle Specifically, it is necessary to segment these markets by city types based primarily on their population density, economic development, and prosperity. GLOBAL WORKER INDUSTRY SP Z O O Company Profile | Wrocaw, dolnolskie Based on usage behavior. Figure-64: Middle East & Africa Forecast for PHEV Volume (Thousand Units), 2021 2030 These factors are notable patrons to the incremental growth of the automotive market in the region. The successful industry participants will increasingly be those that master particular skills or specialize in specific areas of technology. Consumers today use their cars as all-purpose vehicles, whether they are commuting alone to work or taking the whole family to the beach. 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. The global automotive engine market size was worth USD 94.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 2.5% from 2022 to 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. PDF Automotive Industry Outlook - Center for Automotive Research Automotive revolution - perspective towards 2030 | McKinsey Figure-07: Europe Automotive Volume (Million Units), 2017 2020 8.8 Petrol Vehicle, 9.1 Electric Vehicle Regulation and consumer acceptance may represent additional hurdles for autonomous vehicles. 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. Figure-70: Middle East & Africa Forecast for FCEV Volume (Thousand Units), 2021 2030 The same principle will apply to infotainment systems, for which the industry will increasingly use standard displays, operating systems, software layers, and input devices. Table-14: EV Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 Automakers will have to deal with the new mobility fleet operators as customers. Figure-54: Europe Forecast for FCEV Volume (Thousand Units), 2021 2030 These leaders will supply automakers, which will find it more economical to buy in these specialist technologies than to develop them in-house, THREE THE STRUCTURE OF THE AUTOMOTIVE INDUSTRY IN 2030. 8.6 Fuel Cell Electric Vehicle 9.2 Hybrid Electric Vehicle Automotive Vehicles Market Size was US$ 10.1 Billion in 2021. Table-21: NGV Global Automotive Category by Region Volume Share (Percent), 2017 2020 Global Automotive Axle Market 2022 Industry Outlook, Business Global Light Vehicle sales grew once again in year-on-year (YoY) terms, up 5.0% for March. Global Automotive Industry Market size, Analysis, Research, Report Global sales expected to reach pre-pandemic levels in 2023. These forces are giving rise to four disruptive technology-driven trends in the automotive sector: diverse mobility, autonomous driving, electrification, and connectivity. 8.2 Hybrid Electric Vehicle The full car capacity will be used more intensively than nowadays which means that the vehicles will have to be replaced much sooner. Given the widespread understanding that game-changing disruption is already on the horizon, there is still no integrated perspective on how the industry will look in 10 to 15 years as a result of these trends. Key Takeaways. 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. From today's viewpoint, combustion engine-based powertrains will remain dominant, at least for the coming decade. The four aspects mentioned above will lead to an increase in the rate of innovation. February 2017. 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. Our report has covered the regional analysis for the Americas, Asia Pacific & Oceania, Europe and Middle East & Africa. The automotive industry, an essential economic criterion, is on the verge of new technologies and innovations. They will be on the road for a greater proportion of the time than current vehicles. 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%. That said, traditional car ownership is not about to vanish. Coronavirus devastating effect on Global Automotive Market: The coronavirus (Covid-19) pandemic has induced a decade of expansion in the global automotive industry to an abrupt standstill, with sales plummeting in most markets. Detailed TOC of 2022-2030 Report on Global Automotive Heat Shield Market by Player, Region, Type, Application and Sales Channel . Figure-13: Americas HEV Volume (Thousand Units), 2017 2020 Digitization, increasing automation, and new business models have revolutionized other industries, and automotive will be no exception. These consumers love cars and driving and will hold out against anything from battery power to ride hailing that diverges from the traditional experience, so long as this remains legally possible. Figure-60: Middle East & Africa Forecast for EV Volume (Thousand Units), 2021 2030 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. The market was valued at $1.6 billion in 2019 and has the potential to reach $4.4 billion by the end of forecast period 2030. Asia Pacific & Oceania Global Automotive Volume, 8.1 Electric Vehicle Also, consumers' new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities. Subscribed to {PRACTICE_NAME} email alerts. (Million USD) and Growth Rate (%) Forecast (2022-2030) 10.3 Global Automotive Surround View Systems Forecast by Regions 10.3.1 North America Automotive . The United States Autonomous Vehicles Industry was US$ 4.00 Billion in 2021. In another game-changing development, software competence is increasingly becoming one of the most important differentiating factors for the industry, for various domain areas, including ADAS/active safety, connectivity, and infotainment. Car-sharing isnt a new thing. 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. Connected cars and self-driving vehicles are expected to fully transform the automotive industry.[1]. For GMT Office Hours Call +353-1-416-8900, Internet Explorer presents a security risk. Globally, the aftermarket is predicted to exhibit the fastest growth in the Asia-Pacific (APAC) region from 2020 to 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. 5. Expected global LV sales growth from 2021 to 2022: 3.75%. 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