openPR Logo
Press release

Automotive Market Industry Analysis, Size, Share, Trends, Growth and Forecast 2025

03-26-2020 10:55 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

Automotive Market

Automotive Market

The global automotive industry is expected to register steady growth over the forecast period 2019-2025. The automotive industry contributes significantly towards the economy of several major countries and also is considered to be the backbone of many nation's GDP. Major factors that will augment the industry growth over the forecast period include rising disposable income and increasing focus on the development and rolling out of electric vehicles on road. Governments across the globe are providing subsidies on the purchase of electric vehicles to combat the environmental issues arising due to pollution from conventional vehicles. Thereby, focusing on surging the fleet size of electric vehicles in the existing vehicle fleet size of the country. Further, the disposable income of the consumer is rising due to which they are more likely to shift towards the more technologically equipped vehicles which are normally higher at price. Hence, likely to augment the global automotive market value.

Get Sample Copy of Automotive Market at: https://www.omrglobal.com/request-sample/covid-19-impact-on-automotive-market

Some of the key players of the market include Bajaj Auto Ltd., BMW AG, Daimler AG, Fiat Chrysler Automobiles NV, Ford Motor Co., General Motors Co., Groupe PSA, Honda Motor Co. Ltd., Hyundai Motor Co., KIA Motors Corp., Renault SA, Toyota Motor Corp., Volkswagen AG, Yamaha Motor Co., and many others.

However, the industry is facing a heavy headwind amidst the global economic downturn and trade war between China and the US. Moreover, there are several other factors at the regional level that are affecting the industry growth rate in a particular region. For instance, factors such as raising GST on automobile vehicles and mandatory implementation of BS-VI from April 2020 are responsible for the decline in the automotive industry growth rate in India. While the industry has not recovered from these above factors, it has hit a hard brake with the recent outbreak of COVID-19 pandemic. The spread of coronavirus across the globe has forced plants to shut down, disrupted supply chain and quarantined workforces. Several automotive giants such as Volkswagen AG, Hyundai, Toyota, and Tesla have shut down their production plants for a definite period, causing severe impact on the global automotive industry.

A full report of Global Automotive Market is available at: https://www.omrglobal.com/industry-reports/covid-19-impact-on-automotive-market

The report analyzes the global automotive market on the basis of sales channels, product type, propulsion technology, and geography. Based on the sales channel, the market is segmented into OEM and aftermarket. Based on product type, the market is classified into passenger vehicles and commercial vehicles. Passenger vehicle segments which include 2 wheelers and passenger cars is expected to dominate the global automotive market over the forecast period. Further, based on propulsion technology, the market is divided into conventional vehicles and new energy vehicles. The conventional vehicle segment held the dominating share in the global market in 2018, whereas, new energy vehicle segment which includes fully electric vehicles and hybrid electric vehicles is estimated register robust growth over the forecast period.

Market Segmentation

o Sales Channel
o OEM
o Aftermarket

Product Type

o Passenger Vehicle
o Commercial Vehicle
o Propulsion Technology
o Conventional Vehicles
o New Energy Vehicles

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/covid-19-impact-on-automotive-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 7803040404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

For More Information, Visit https://www.omrglobal.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Market Industry Analysis, Size, Share, Trends, Growth and Forecast 2025 here

News-ID: 1985573 • Views: 166

More Releases from Orion Market Research

North America Cosmetic Market Industry Trends, Growth, Analysis, Size, Share and …
The cosmetic products are widely used by consumers in North America to enhance the appearance or odor of their bodies. The region is one of the major markets for the cosmetic industry due to high awareness related to their appearance, presence of most of the global players and the high disposable income of the people. Additionally, recent trends to use natural ingredients in cosmetic products observed among manufacturers have also
North America Aviation Market Trends, Analysis, Growth, Size, Share and Forecast …
North America aviation industry includes airline companies, airport managing companies, and aircraft manufacturing companies along with the companies involved in the management of the airport and aircraft. The factors that were fueling the growth of the market before the COVID-19 pandemic include the expected capacity growth owing to new aircraft deliveries, lowered operating costs, and grounding of older airplanes, and increased fuel-efficient aircraft. Additionally, increased economic activity and a growing
Impact of COVID-19 on Middle East Countries Market Trends, Growth, Analysis and …
Iran: According to the Iranian health ministry update, till 24th March 2020, the total number of people diagnosed with the coronavirus has reached 24,811, out of whom 1,934 have died in Iran. In order to fight with the covid-19 outbreak the government of Iran is ramping up its health spending, providing additional funding to its Ministry of Health. Get Sample Copy of Impact of COVID-19 on Middle East Countries Market at:
Cosmetic Market - Global Industry Analysis, Size, Share, Growth, Trends and Fore …
As the spread and complexity of the COVID-19, continues to develop, many businesses dealing in cosmetic industry are implement new safety measures. The safety measures taken by cosmetic companies include frequent disinfection of the stores and service limitation, urge social distancing for employees. Some of the businesses are even closed down for the foreseeable future. Glossier is one of many businesses that is opting to close all Glossier shops until

All 5 Releases


More Releases for Auto

Automotive Valve Market: Worldwide Auto-Accessory, SEECO, Dengyun Auto-parts
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Automotive Valve Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts. This industry study presents the global Automotive Valve market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Valve production, revenue and market share by manufacturers, key regions and type; The consumption of Automotive Valve in volume terms are also provided for major countries
Auto Disable Syringes Market
According to a new report published by Data Bridge Market Research The global auto disable syringes market accounted to USD 8.0 billion in 2016 growing at a CAGR of 10.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Get Free Market Sample Report @ http://bit.ly/2D6yKaO Key
Dallas Auto Paint Offers The Best Auto Body Repair Services
Best Auto Body Repair Services in Dallas, TX Whether you have dents, dings, scratches, or any other collision damage, you require the help of a professional to fix your car and give it back its factory finish. Dallas Auto Paint is your best shot since they offer top notch services in Dallas. The team is qualified in providing the new paintless dent removal technique, which is quite fast and more efficient
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle. The company provides
Comprehensive Auto Care Solutions at Lucas Auto Care
[For_Immediate_Release] Houston, Texas (Press Release – Fabruary 02, 2011) – Car maintenance and repair is essential for all car owners. They want the best auto care solutions for their cars. Lucas Auto Care serves all essential needs by offering them complete packages for car maintenance and repair. Lucas Auto Care has a team of certified people that are very skilled at what they do (ASE-certified technicians) who are experts in not only
Comprehensive Auto Care Solutions at Lucas Auto Care
Quality auto care services are essential for owners of any vehicle. Lucas Auto Care offers comprehensive auto care solutions (from regular maintenance to complete repair and rebuilds) in the Houston area. [For_Immediate_Release] Houston, Texas (Press Release – October 25, 2010) – Car maintenance and repair is essential for all car owners. They want the best auto care solutions for their cars. Lucas Auto Care serves all essential needs by offering them complete