global automotive industry forecast 2030

Second, connected systems mean that humans play a diminishing role in actually driving cars, as autonomous vehicles navigate roads, reducing accidents and freeing up peoples time by converting them from drivers into passengers. Digitization, increasing automation, and new business models have revolutionized other industries, and automotive will be no exception. 6.4.5 Natural Gas Vehicle These companies offer an extensive variety of automotive, fulfilling all significant functions in a vehicle. As per this research report, Global Automotive Industry is expected to grow with a CAGR of 3.71% from 2020-2030. The analysis highlights influencing factors that impact or help the market requirements, such as Government policies, technical transformations, etc . 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. Quick forecasts. 5.4 Middle East & Africa, 6.1 Region Wise Automotive Vehicle Types Atos is a global leader in digital transformation with 107,000 employees and annual revenue of over 11 billion. 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. Cars will be annually updated to integrate the newest hardware and software. The report gives a detailed insight into current market dynamics and provides analysis on future. The automotive revenue pool will significantly increase and diversify toward on-demand mobility services and data-driven services. 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-32: Asia Pacific & Oceania Forecast for PHEV Volume (Thousand Units), 2021 2030 The markets for these products will be dominated by the winners, and the number of independent companies will be significantly reduced, including carmakers, suppliers, dealers, and aftersales companies. 12.2.3 Financial Insights, 12.3.1 Overview 12.3.2 Recent Development & Strategies Based on usage behavior. Global Power Tools Market 2022 - Technological Growth, Industry Status, Trends, Demand and Forecast to 2030 Global Oxo Alcohols Market 2022 Industry Research, Share, Trend, Demand and Future . The Asia Pacific is the largest market due to the growing demand for passenger cars and fuel-efficient vehicles. 8.4 Mild Hybrid Vehicle 10.8 Petrol Vehicle, 11. Table-09: Middle East & Africa Automotive Region by Categories Volume Share (Percent), 2017 2020 Figure-43: Europe EV Volume (Thousand Units), 2017 2020 2. Besides, the improvement of mobility safety and its costs reduction will push general mobility trends into the direction of individual mobility. 8.6 Fuel Cell Electric Vehicle Figure-11: Americas EV Volume (Thousand Units), 2017 2020 Figure-25: Americas Petrol Vehicle Volume (Thousand Units), 2017 2020 In these cases, flexible pay-per-use models will provide an alternative. By Vehicle Type - Global Automotive Volume, 11.1 Electric Vehicle 8.8 Petrol Vehicle, 9.1 Electric Vehicle To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. In February 2021, the Delhi government started setting up 100 vehicle battery charging spots across the state to expedite the adoption of electric vehicles. Moreover, the total number of traditional jobs required in the industry will be reduced as technologies become less hardwaredriven and more standardized. Figure-65: Middle East & Africa MHEV Volume (Thousand Units), 2017 2020 In fact, self-driving and shared cars will be replaced more frequently, which will lead to the sales volume increase. Feel free to get in touch with us! The report has covered the regional analysis for the Americas, Asia Pacific & Oceania, Europe and Middle East & Africa. 10.4 Mild Hybrid Vehicle Regarding technological readiness, tech players and start-ups will likely also play an important role in the development of autonomous vehicles. Please email us at: Something went wrong. In fact, both autonomous and electrified are mutually beneficial dimensions (e.g., automatic charging process uses inductive charging). Increasing investment by OEMs and other bodies in R&D as a result of altering . The industry is expected to grow at. Based on Five trends transforming the Automotive Industry by PwC. First, vehicles will run on different power sources. 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. Relevant 'Autonomous Vehicles: The Mobility Of Tomorrow'. That's over 4% of global vehicle sales. These factors are notable patrons to the incremental growth of the automotive market in the region. Figure-39: Asia Pacific & Oceania Diesel Vehicle Volume (Thousand Units), 2017 2020 However, the stakes are higher than they used to be, and the coming upheavals will be on a much greater scale. As a result, the traditional business model of car sales will be complemented by a range of diverse, on-demand mobility solutions, especially in dense urban environments that proactively discourage private-car use. 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. Plug-in Hybrid Electric Vehicle 6. The world dominance of the automotive industry, as well as the revenue growth of SUVs, are expected to propel the prices of automotive glass. Table-26: Diesel Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 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. Mobility providers (Uber, for example), tech giants (such as Apple, Google), and specialty OEMs (Tesla, for instance) increase the complexity of the competitive landscape. Figure-45: Europe HEV Volume (Thousand Units), 2017 2020 Automotive revolution perspective towards 2030. Global Automotive Airbag Textile Market Segmentation: EXHIBIT 1: CUSTOMERS: FRAGMENTATION OF USE CASES. The report has covered the regional analysis for the Americas, Asia Pacific & Oceania, Europe and Middle East & Africa. As per this research report, Global Automotive Industry is expected to grow with a. Figure-17: Americas MHEV Volume (Thousand Units), 2017 2020 12.1.2 Recent Development & Strategies 7.2 Hybrid Electric Vehicle Table-03: Americas Automotive Region by Categories Volume Share (Percent), 2017 2020 Never miss an insight. Table-05: Asia Pacific & Oceania Automotive Region by Categories Volume Share (Percent), 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 Globally, the aftermarket is predicted to exhibit the fastest growth in the Asia-Pacific (APAC) region from 2020 to 2030. Industry Trends, Growth, Insight, Impact of COVID-19, Company Analysis, Global Forecast 2022-2027. China Automobile Market was 27.71 Million Units in 2021. PwC Autofacts assumes that personal mileage in Europe could rise by 23% to 5.88 trillion kilometers by 2030. Figure-74: Middle East & Africa Forecast for Petrol Vehicle Volume (Thousand Units), 2021 2030 10.2 Hybrid Electric Vehicle Figure-53: Europe FCEV Volume (Thousand Units), 2017 2020 Petrol 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. Figure-67: Middle East & Africa NGV Volume (Thousand Units), 2017 2020 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. 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. 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. Table-16: HEV Forecast for Global Automotive Category by Region Volume Share (Percent), 2021 2030 These new patterns will create natural customers for mobility services, which are already growing fast, and could accelerate the shift away from traditional ownership. Table-10: Middle East & Africa Forecast for Automotive Region by Categories Volume Share (Percent), 2021 2030 Figure-33: Asia Pacific & Oceania MHEV Volume (Thousand Units), 2017 2020 Figure-73: Middle East & Africa Petrol Vehicle Volume (Thousand Units), 2017 2020 12.2.2 Recent Development & Strategies The industry's principal categories include EV, HEV, PHEV, MHEV, NGV, FCEV, Diesel and Petrol. The automotive industry, an essential economic criterion, is on the verge of new technologies and innovations. Sanctions and investment restrictions may even force third-party countries to choose between the two rivals. With innovation and product value increasingly defined by software, OEMs need to align their skills and processes to address new challenges like software-enabled consumer value definition, cybersecurity, data privacy, and continuous product updates. PwC calculated a decrease of 19% already by 2020. PwC forecasts that 40% of the mileage driven in Europe could be covered by autonomous vehicles in 2030. Get more details on this report - Request Free Sample PDF. Technology shifts can also be expected in safety, with progress in braking, steering, crash protection, and advanced driver-assistance systems. In China, by contrast, the proliferation of shared and autonomous mobility could happen faster than in the Western world. Adhesives are lightweight . Table-07: Europe Automotive Region by Categories Volume Share (Percent), 2017 2020 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 industry is expected to grow at a CAGR of 3.71% from 2020- 2030. Middle East & Africa Global Automotive Volume, 10.1 Electric Vehicle Figure-18: Americas Forecast for MHEV Volume (Thousand Units), 2021 2030 There will be three or four global specialists in each of the major technologies the industry depends on, such as electric powertrains, vehicle connectivity systems, and autonomous-driving hardware and software. Asia Pacific & Oceania 4. Description. We'll email you when new articles are published on this topic. The same principle will apply to infotainment systems, for which the industry will increasingly use standard displays, operating systems, software layers, and input devices. A direct software-based interaction with each user will help to generate higher revenues over the customer relationship lifecycle. Find company research, competitor information, contact details & financial data for GLOBAL WORKER INDUSTRY SP Z O O of Wrocaw, dolnolskie. The base year considered for the study is 2021, and the estimated period is between 2022 and 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. The fastest in some cases the only way for automakers to develop their own mobility services and electrically powered, self-driving vehicles is through strategic partnering with specialist technology firms. Expected global LV sales growth from 2021 to 2022: 3.75%. If you would like information about this content we will be happy to work with you. The global automotive HVAC market size is expected to grow from $43.25 billion in 2021 to $46.48 billion in 2022 at a compound annual growth rate (CAGR) of 7.5%. Figure-38: Asia Pacific & Oceania Forecast for FCEV Volume (Thousand Units), 2021 2030 The United States Autonomous Vehicles Industry was US$ 4.00 Billion in 2021. Figure-58: Europe Forecast for Petrol Vehicle Volume (Thousand Units), 2021 2030 As per this research report, Worldwide Automotive Market was valued at. We think that in Germany and the United States spending on car-based individual mobility services will double by 2040, while in China it could triple. The key strategies adopted by these companies to sustain their market position are new product developments, acquisitions, and partnerships & expansions. 3. E-mail us atrequest@qulix.com, Oakwood Dunstan Lane, Burton, Neston, Cheshire, CH64 8TQ, United Kingdom, 2022 Qulix Systems. The website uses cookies for analytics, advertising and to make user experience more personal and convenient. Electric vehicles (including plug-in hybrids) are set to increase in 2021 to a 6%-8% . 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. Autonomous driving will mainly increase in inner cities and on highways. 8.2 Hybrid Electric Vehicle PwC developed a mathematical model which can be used to quantify the impact of the 5 dimensions. Figure-36: Asia Pacific & Oceania Forecast for NGV Volume (Thousand Units), 2021 2030 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. There is an incentive for the technology firms too, many of which are startups: To get their technology to market, they will need strong relationships with automotive industry players. Figure-35: Asia Pacific & Oceania NGV Volume (Thousand Units), 2017 2020 204 Pages Figure-78: Toyota Motor Corporation Forecast for Global Revenue (Billion US$), 2021 2030 Figure-83: Honda Motor Company Global Revenue (Billion US$), 2017 2020 10.6 Fuel Cell Electric Vehicle 9.2 Hybrid Electric Vehicle However, some regional and cultural differences have to be taken into account. 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. Global Automotive Market has been covered from 4 viewpoints: 1. 2. They can, however, make strategic moves now to shape the industrys evolution. 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. 7.6 Fuel Cell Electric Vehicle For companies that grasp the new realities, there are opportunities to position themselves innovatively so that they prosper in the market of the future. 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. 3. The full car capacity will be used more intensively than nowadays which means that the vehicles will have to be replaced much sooner. 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. , Aug 22, 2022. Call us at +44 151 528 8015 Globally, today's consumers use all-purpose vehicles, whether they are commuting alone to work or taking the whole family to the beach. Developments in Europe and the US are expected to happen at a roughly parallel pace. Figure-31: Asia Pacific & Oceania PHEV Volume (Thousand Units), 2017 2020 Automotive Vehicles Market Size was US$ 10.1 Billion in 2021. Understanding where future business opportunities lie requires a more granular view of mobility markets than ever before. Figure-14: Americas Forecast for HEV Volume (Thousand Units), 2021 2030 Environmental considerations are the driving force behind electric vehicles, but these are a relatively minor factors in most car purchase decisions. Automakers need to make big technological leaps in both propulsion electric vehicles and more-efficient internal combustion engines and in the digital transformation of the driving experience. For GMT Office Hours Call +353-1-416-8900, Internet Explorer presents a security risk. In Union Budget 2021-22, the government introduced the voluntary vehicle scrappage policy, expected to advance the market for new vehicles after lifting old unfit vehicles currently plying on the Indian roads. 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. The global automotive cybersecurity market size was $1,152.7 million in 2019, which is projected to reach $7,280.2 million by 2030, growing at a CAGR of 18.5% during the forecast period (2020-2030). The automotive industry is an essential economic criterion, is on the verge of new technologies and innovations. Table-02: Forecast for Global Automotive Volume Share by Regions (Percent), 2021 2030 Moreover, customers' unique and costly features demand is leading the automotive industry in the modern era. This will put them in a stronger position to retain a share of the globally growing automotive revenue and profit pool, including new business models such as online sales and mobility services, and cross-fertilizing the opportunities between the core automotive-business and new mobility-business models. Figure-13: Americas HEV Volume (Thousand Units), 2017 2020 Figure-44: Europe Forecast for EV Volume (Thousand Units), 2021 2030 Customers, cars, the industry all will look different. These forces are giving rise to four disruptive technology-driven trends in the automotive sector: diverse mobility, autonomous driving, electrification, and connectivity. The IEA estimates that global EV sales exceeded 3 million units in 2020. The forecasts should thus be interpreted as a projection of the most probable assumptions across all four trends, based on our current understanding. Also, consumers' new habit of using tailored solutions for each purpose will lead to specialized vehicles designed for particular necessities. The major drivers of growth for this market are increasing number of connected cars, rising electrical & electronics design complexity in cars, increasing demand of . Figure-48: Europe Forecast for PHEV Volume (Thousand Units), 2021 2030 Report. 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. 6.2.3 Europe Paul Gao is a director in McKinseys Hong Kong office, Hans-Werner Kaas is a director in the Detroit office, Detlev Mohr is a director in the Stuttgart office, and Dominik Wee is a principal in the Munich office. 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 Industry by pwc Overview 12.3.2 Recent Development & Strategies based on our understanding... 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