Global Automotive Market Size, Key Analysis, Industry Concentration Ratio, Factors Contributing to Growth 2029

[akash Arjun pingale]

Global Automotive Market: size was accounted for 3.73 Mn Vehicles in 2021. Two Wheelers, one of the segments reviewed in our report is dominating the market.

Global Automotive Market Overview: 

For the global industry's Global Automotive Market analysis, a research team did thorough primary and secondary research. Secondary research was carried out in order to supplement existing data, segment the market, estimate overall market size, and anticipate market size and growth rate.

Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary sources are utilized to generate global market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked with primary data.

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Global Automotive Market Dynamic:

The increasing young population and rising income of middle-class families are considered to result in the highest market share for India in the automotive sector. According to the Society of Indian Automobile Manufacturers (SIAM), In June 2021, the total production volume of commercial vehicles, passenger cars, three-wheelers, and two-wheelers combined was 1,693,639 units. The demand is further driven by increasing exports from India to other countries in terms of volume. Indian automotive exports accounted for 1,419,430 units from April 2021 to June 2021.

Increasing investment of global leaders in automotive manufacturing is considered to drive the demand for the automotive market in India to a greater extent. According to Invest India, the Indian automotive sector received approximately 25.85 billion USD of FDI inflow from April 2000 to March 2021. According to PRS India, the Government of India is expected to attract 8-10 billion USD of foreign investments by 2024.

Market Scope:

The study supports an understanding of the Global Automotive Market dynamic structure by identifying and evaluating market segments and projecting market size. The study also contains a competitive analysis of major corporations based on price, financial status, application expansion goals, and geographical presence. A PESTLE analysis is also included in the report to assist shareholders in prioritizing their efforts and investments in the Global Automotive Market.

External and internal components projected to have a positive or negative impact on businesses have been researched, presenting decision-makers with a clear future picture of the sector. By studying market segments and projecting Global Automotive Market size, the study also assists in understanding the dynamic structure of the Global Global Automotive Market. The study acts as a reference for investors by offering a comprehensive portrayal of the competitive analysis of significant firms in the Global Global Automotive Market based on price, financial status, growth strategies, and geographical presence.

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Global Automotive Market Segmentation: 

The local Indian car market is dominated by two-wheelers and passenger automobiles. Small and mid-sized cars are the most popular passenger vehicles. In FY20, two-wheelers and passenger cars accounted for 80.8% and 12.9% of the market share, respectively, with a combined sale of approximately 20.1 million vehicles. Total automobile exports increased at a CAGR of 6.94% from FY16 to FY20, reaching 4.77 million vehicles in 2020. Two-wheelers accounted for 73.9% of all vehicles shipped, with passenger vehicles accounting for 14.2%, three-wheelers accounting for 10.5 percent, and commercial vehicles accounting for 1.3%. Vehicles accounted for a combined sale of over 20.1 million vehicles in FY20. Two-wheeler sales stood at 995,097 units, while passenger vehicle sales stood at 261,633 units in April 2021.

Global Automotive Market Key Players: The key players are

• Tata Motors Ltd
• Maruti Suzuki India Ltd
• Mahindra & Mahindra Ltd
• Hero MotoCorp Ltd
• Bajaj Auto Ltd
• Ashok Leyland Ltd
• TVS Motor Company Ltd
• Eicher Motors Ltd
• Force Motors Ltd
• SML ISUZU Ltd.
• Honda Motor Co., Ltd.
• Hyundai Motor India
• Daimler AG
• Piaggio & C.S.p.a.
• Toyota Motor Corporation
• Volkswagen AG
• AB Volvo

Global Automotive Market Regional Analysis:

A country-level examination of the Global Automotive Market focuses on categories identified as potentially high-growth, countries with the largest market share, and countries with the highest development potential. The regional breakdowns in the Global Automotive Market report include North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.

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Key Questions Answered in the Global Automotive Market Report are: 

• What will be the Global Automotive market's CAGR throughout the projected period?
• Which market category emerged as the market leader in the Global Automotive market?
• Who are the key players in the Global Automotive market?
• How big will the Global Automotive market be in 2027?
• Which firm had the biggest market share in the Global Automotive market?

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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