Automotive Advertising Market by Type (Location Independent Advertising, Location-Based Advertising), Product (Experiential Marketing, Online Advertising, Outdoor Advertising), Category, End-User - Global Forecast 2024-2030

Automotive Advertising Market by Type (Location Independent Advertising, Location-Based Advertising), Product (Experiential Marketing, Online Advertising, Outdoor Advertising), Category, End-User - Global Forecast 2024-2030

The Automotive Advertising Market size was estimated at USD 82.84 billion in 2023 and expected to reach USD 91.33 billion in 2024, at a CAGR 10.54% to reach USD 167.07 billion by 2030.

Automotive advertising focuses on marketing strategies to create consumer interest and influence purchasing decisions within a diverse demographic of potential auto buyers. Surging adoption to generate awareness about particular models and emphasize brand awareness and the rising number of automotive advertising agencies across the globe are driving market growth. Moreover, promising social media influence and digital marketing for automotive advertising propel market expansion. Huge costs for innovative and attractive advertisements, seasonal drops in sales, and high competition among automotive advertisers are restricting market growth. Creative marketing campaigns for the automotive industry have a significant growth potential. Incorporating advanced AI tools for an automotive marketing strategy is also expected to create growth opportunities in the automotive advertising market.

Regional Insights

In the Americas, primarily the United States and Canada, the automotive advertising industry is shaped by consumer preference for personal mobility and a lifestyle centered around automotive convenience. The recent shift towards electric vehicles and eco-friendly alternatives, driven by government initiatives and increased consumer awareness about environmental conservation, is evident in the growth of patents related to green technology in automotive advertising. Moving towards EMEA, European countries display a diverse demand landscape with a high emphasis on sustainable mobility solutions and electric vehicles (EVs). The advertising industry in EMEA regions thus capitalizes on these trends to craft impactful campaigns. In the Middle Eastern and African markets, demand is predominantly influenced by persistent demand for luxury vehicles and growing infrastructure, leading to unique advertising strategies highlighting luxury and durability. In Asia-Pacific, demand for automotive advertising is upward due to burgeoning economies such as India, China, and Southeast Asia. The key driver of advertising demand is these markets' colossal production and sales numbers, along with shifting consumer preference towards electric and compact vehicles. The growth of digital advertising channels such as online video and social media platforms, particularly in populated cities, further intensifies this demand.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Automotive Advertising Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Surging adoption to generate awareness about particular model and emphasize brand awareness
• Rise in number of automotive advertising agency across the globe
• Promising social media influence and digital marketing for automotive advertising

Market Restraints

• Requirement of huge cost for innovative and attractive advertisement

Market Opportunities

• Potential marketing innovative campaigns for automotive industry
• Incorporation of advanced AI tools for automotive marketing strategy

Market Challenges

• Seasonal drop in sales and high competition among automotive advertisers

Market Segmentation Analysis

• Type: Wider demand for location-based advertising for improving consumer engagement
• Product: Growing popularity for online advertising due to their inherent interactive capabilities
• Category: Significant adoption of non-contextual advertising for general brand awareness campaigns to reach a broader audience
• End-User: Rising use of automotive advertising by OEMs to attract automotive manufacturers

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Advertising Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Advertising Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Subaru Selects Stream Companies as Preferred Advertising Program Partner

Stream Companies, a full-service, data-driven advertising agency in the Automotive industry, is included in Subaru's Certified Paid Search Advertising Program. With Stream Companies' media agnostic and hands-on approach, data-driven strategies, and commitment to transparency, the company aims to drive growth for Subaru retailers by offering expanded services from creative solutions to first-party data capabilities. Stream Companies' comprehensive suite of services and Integrated Marketing Cloud solutions provide the industry's first end-to-end solution, covering the entire customer lifecycle.

Sky Media secures exclusive partnership with digital garage, Regit

Sky Media has announced an exclusive partnership with Regit, the leading digital garage platform in the UK. This collaboration aims to utilize the first-party data collected by Regit to target potential customers with a wide range of automotive offerings, including new and used cars and various aftersales essentials. By combining Regit's data with Sky's existing geographic and lifestyle data, advertisers have the ability to target specific customer segments, such as electric/hybrid and cleaner petrol/diesel car owners in Clean Air Zones across the UK. Furthermore, this partnership contributes to the growth of the Regit brand through television advertising, extending their user base.

Green Line Automotive Becomes Approved Digital Advertising Partner For Volkswagen Of America

Green Line Automotive, the Agency of Record for After Sales National Paid Media at Volkswagen of America, now offers digital advertising services as an extension of VWoA's Dealer Digital Program. This program has expanded its preferred service and parts digital advertising providers, providing dealers with more choices. Specializing in generating service and parts sales, Green Line Automotive implements effective digital strategies such as SEO, SEM, Display, Social, Video, and First Party Data Integrations.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Advertising Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Automotive Advertising Market, highlighting leading vendors and their innovative profiles. These include Adpearance, Inc., Alioze France, Automotive Advertising Agency, Automotive Marketing Gurus, Boomachine K.K., BrandOnWheelz, CMB Automotive Marketing Limited, Cox Enterprises, Inc., Dealer Teamwork, Digital Throttle , LLC, enCOMPASS Advertising Agency, Facebook by Meta Platforms, Inc., FACT GmbH, Force Marketing, Foundation Direct, LLC, Google LLC by Alphabet Inc., Green Line Digital, Havas Holding Germany GmbH, Highervisibility, LLC, Ignite Group, Kammerer Druck & Medien GmbH & Co. KG, LEWIS, Microsoft Corporation, PureCars Technologies, LLC, SMARTSITES, a division of MELEN LLC, Social Media 55, Stream Companies, LLC, Visarc, Waterhouse Design Associates, We Are Nameless Limited, and Zimmerman Advertising by Omnicom Group Inc..

Market Segmentation & Coverage

This research report categorizes the Automotive Advertising Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Location Independent Advertising
• Location-Based Advertising
• Product
• Experiential Marketing
• Online Advertising
• Search Engine Ads
• Social Media Ads
• Video & OTT Ads
• Website Ads
• Outdoor Advertising
• Billboards
• Posters & Signage
• Pre-Roll Advertisements
• Television Advertising
• Category
• Contextual
• Non-Contextual
• End-User
• Dealer
• OEMs
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year