Global Motor Vehicles Market 2024-2028
Motor Vehicles Market 2024-2028
The motor vehicles market is forecasted to grow by USD 1477.6 bn during 2023-2028, accelerating at a CAGR of 8.64% during the forecast period. The report on the motor vehicles market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing urban population, increasing demand for fuel-efficient and low-emission vehicles, and growth in production volume of passenger vehicles.
Technavio's motor vehicles market is segmented as below:
By Vehicle Type
- Passenger cars
- Commercial vehicles
By Propulsion
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the technological advances in evs as one of the prime reasons driving the motor vehicles market growth during the next few years. Also, increasing vehicle connectivity and shared mobility and emergence of subscription-based ownership models will lead to sizable demand in the market.
The report on the motor vehicles market covers the following areas:
- Motor vehicles market sizing
- Motor vehicles market forecast
- Motor vehicles market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motor vehicles market vendors that include Bayerische Motoren Werke AG, Beijing Automotive Group Co. Ltd., BYD Co. Ltd., China FAW Group Co. Ltd., Dongfeng Motor Group Co. Ltd, Ford Motor Co., General Motors Co., Guangzhou Automobile Group Co. Ltd, Honda Motor Co. Ltd., Hyundai Motor Co., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Porsche Automobil Holding SE, Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Zhejiang Geely Holding Group Co. Ltd.. Also, the motor vehicles market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.