Press release
Purpose-Built Vehicle Market 2023 Driving Factors Forecast Research 2029
The global purpose-built vehicles market is anticipated to grow at a considerable CAGR of 6.1% during the forecast period (2023-2030). The purpose-built vehicle (PBV) market is a new business model in the automotive industry that includes original equipment manufacturers (OEMs) designing, manufacturing, and selling highly customized vehicles according to customers' application needs also the growing demand for mobility services the increasing drastically globally. The increasing investments by key players in the development of these vehicles either by partnership, merger or acquisition is contributing to the global market growth. For an instance, in May 2023, KIA Corp. and Kakao Mobility sign memorandum of understanding to establish a ride-hailing business model for advanced mobility services. Kia to develop dedicated purpose-built vehicle (PBV) models reflecting the needs of software service proposals provided by Kakao Mobility, planned to launch in 2025.Both the companies to construct customer-centric mobility services using extensive vehicle operation data and interaction between in-vehicle-infotainment and software platforms.According to the 2020 announcement by the World Economic Forum, an international organization for public-private cooperation, the demand for last-mile delivery in 100 cities worldwide is expected to increase by 78.0% by 2030. The number of these vehicles will also increase by 36.0%. And this boosted the global auto industry. Theerefore, key automobile market players are planning a variety of projects, from the electric PBV demonstration project that has already been put into mobility service and commercialized as well as a concept that reflects future automobile technology.
To Request a Sample of our Report on Purpose-Built Vehicle Market: https://www.omrglobal.com/request-sample/purpose-built-vehicle-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes, Audi AG, Mercedes-Benz AG, Volvo Car Group, Robert Bosch GmbH, Hyundai Motor Company, and others.
Purpose-Built Vehicles Market Report Segment
By type
Fully Autonomous
Partially Autonomous
By Application
Cars
Taxis
A full Report of Purpose-Built Vehicle Market is Available @ https://www.omrglobal.com/industry-reports/purpose-built-vehicle-market
Purpose-Built Vehicles Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
Arrival Ltd.
Autoliv Inc.
CanooTechnologies Inc.
Continental AutomotiveSystems
FordMotor Company
General Motors
GreenPower Motor
Hyundai Motor company
KiaAmerica, Inc.
Lightning eMotors
NissanMotor Co. Ltd
REE Automotive
13. Renault Group
RivianAutomotive, LLC
Robert Bosch GmbH
Toyota Motor Corp.
UberTechnologies Inc.
Volta Trucks
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/purpose-built-vehicle-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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