Global Motorized Vehicle Market Insights, Forecast to 2029

The global Motorized Vehicle market is projected to grow from US$ 2182830 million in 2023 to US$ 2621630 million by 2029, at a Compound Annual Growth Rate (CAGR) of 3.1% during the forecast period.

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Motorized Vehicle Market
A motor vehicle, also known as motorized vehicle or automotive vehicle, is a self-propelled vehicle, commonly wheeled, that does not operate on rails (such as trains or trams) and is used for the transportation of people or cargo. The vehicle propulsion is provided by an engine or motor, usually an internal combustion engine or an electric motor, or some combination of the two, such as hybrid electric vehicles and plug-in hybrids. For legal purpose, motor vehicles are often identified within a number of vehicle classes including cars, buses, motorcycles, off-road vehicles, light trucks and regular trucks.

In 2019, Asia-Pacific has the largest market share of Motor Vehicles, accounting for about 49%, while North America is the second-largest region-wise market (about 20%).
The main manufacturers are Toyota, Volkswagen Group, Daimler, Ford and General Motors. The Top 5 took up above 40% of the global market in 2019.
Motor Vehicles are mainly classified into the following types: Cars, Buses, Trucks and Motorcycles. Cars accounted for the largest part of the Sales revenue market, with above 63% in 2019.

Motor Vehicles have two applications: Household Use and Commercial Use. Household Use consumed the largest part, with about 84% of the market share by sales volume in 2019.
In terms of production side, this report researches the Motorized Vehicle production, growth rate, market share by manufacturers and by region (region level and country level), from 2018 to 2023, and forecast to 2029.
In terms of consumption side, this report focuses on the sales of Motorized Vehicle by region (region level and country level), by company, by Type and by Application. from 2018 to 2023 and forecast to 2029.

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Segment by Type
Cars
Buses
Trucks
Motorcycles

Segment by Application
Household
Commercial

Production by Region
North America
Europe
China
Japan
South Korea
India

Sales by Region
US & Canada
U.S.
Canada
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Middle East, Africa, Latin America
Brazil
Mexico
Turkey
Israel
GCC Countries

By Company Toyota, Volkswagen Group, Daimler, Ford, General Motors, Honda, Fiat Chrysler Automobiles, BMW, Nissan, Hyundai, PSA, Renault, Suzuki, Geely

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This release was published on openPR.