Press release
Automotive Market in Germany Trends and Predictions 2024-2030
Driving Towards Tomorrow: Germany's Automotive Market OdysseyFasten your seatbelts as we embark on a journey through Germany's automotive landscape, where innovation meets excellence. The Automotive Market in Germany is not just about vehicles; it's a commitment to superior and sustainable economic value. Anticipated to grow at a commendable CAGR of 4% throughout the forecast period, reaching an impressive US$ 450 Bn. by 2029, Germany's automotive prowess is set to leave a lasting mark.
Engineering Excellence: Germany's Global Automotive Stature
Germany, the automotive powerhouse, is renowned worldwide for its exceptional industry and engineering prowess. German cars symbolize a pinnacle of values - innovation, reliability, safety, and design. The country stands as Europe's leading production and sales market, boasting a world-class Research & Development infrastructure, seamless industry value chain integration, and a highly skilled workforce. This unique combination positions Germany as a global leader, fostering an environment where cutting-edge technologies seamlessly address the mobility needs of tomorrow.
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Economic Value in the Driver's Seat: A Lucrative Future Unveiled
Creating a future-proof mobility industry and maintaining global export significance hinge on economic value contribution. Germany's automotive sector, with its revenue pools and profit pools, is poised for a transformative shift. Traditional models centered around vehicle sales and aftermarket services are giving way to disruptive business models. Mobility as a service, data-enabled services, and the rise of connected and autonomous vehicles are reshaping the automotive landscape. According to the MMR study report, European automotive profits are set to nearly double from EUR 850 Bn in 2016 to EUR 1,400 Bn in 2030.
Control Points and Industry Leadership: Paving the Way Forward
To capture a significant share of the industry revenue pool, German automotive companies must secure industry control points - technologies that allow full or partial control of entire processes and systems. These control points encompass battery cells, battery management systems, intelligent eDrive systems, fuel cell systems, AI software for autonomous vehicles, and mobility platforms. The vision extends to the commercial vehicle sector, focusing on reducing inefficiencies through multimodal optimization and ushering in a 100% on-time, cost-efficient, and consumer-focused delivery system.
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Market Segmentation Insights:
On the commercial vehicle side of the vision, reducing inefficiencies through multimodal optimization of holistic transportation ecosystems is critical. Surface freight intensity is expected to increase by 40% by 2050, and intelligent transport mobility solutions are being developed. Germany's vision is for 100% on-time, cost-effective, and customer-focused delivery. Transportation costs may drop by up to 40% in some use cases by 2050 thanks to autonomous commercial vehicle technology.
by Type
Passenger Vehicles
Commercial Vehicles
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Who are Automotive Market in Germany Key Players?
1. Volkswagen AG
2. Mercedes-Benz Group AG
3. BMW AG
4. MAN SE
5. Ford Germany
6. AUDI AG
7. TRATON SE
8. Apollo Automobile
9. Borgward
10. KIRCHHOFF Automotive Germany GmbH
11. Opel
12. Neoplan
13. Porsche
14. Iveco
Table of content for the Automotive Market in Germany includes:
Part 01: Executive Summary
Part 02: Scope of the Automotive Market in Germany Report
Part 03: Automotive Market in Germany Landscape
Part 04: Automotive Market in Germany Sizing
Part 05: Automotive Market in Germany Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Charting the Course: A Comprehensive Market Analysis
The report delves into the Commercial Vehicles and Passenger Vehicles segments, providing a detailed analysis of the Automotive Market in Germany. Past market dynamics, from 2017 to 2022, serve as a benchmark for understanding current market scenarios. Twelve key players in the market have been profiled, offering insights into the competitive landscape.
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