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Rapid Growth of the European Automotive Market: USD 29.55 Billion by 2030

01-10-2025 04:54 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Automotive Market

Automotive Market

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž: ๐€ ๐๐ซ๐จ๐ฆ๐ข๐ฌ๐ข๐ง๐  ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค ๐ฐ๐ข๐ญ๐ก ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ”.๐Ÿ–๐Ÿ‘% ๐ญ๐จ ๐‘๐ž๐š๐œ๐ก $๐Ÿ‘๐ŸŽ.๐ŸŽ๐Ÿ ๐๐ง ๐›๐ฒ ๐Ÿ๐ŸŽ๐Ÿ‘๐ŸŽ

The global automotive market in Europe, valued at USD 18.90 billion in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 6.83%, reaching an impressive USD 30.02 billion by 2030. This press release highlights the growth drivers, opportunities, trends, and significant developments across the industry, with a detailed focus on mergers, acquisitions, and country-specific insights for Vietnam, China, Thailand, Japan, South Korea, Singapore, the US, and Europe.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's automotive market has witnessed remarkable growth driven by increasing industrialization and urbanization. Recent collaborations, such as the partnership between VinFast and international firms, underscore Vietnam's aspiration to become a significant player in the global automotive landscape. The rising demand for electric vehicles (EVs) is fostering opportunities for market expansion.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‚๐ก๐ข๐ง๐š

China continues to dominate the global automotive sector, fueled by significant investments in EV production and technological advancements. Companies such as BYD and Geely are leading the market with cutting-edge innovations. The government's focus on reducing carbon emissions is encouraging mergers and joint ventures, making China a hub for automotive developments.

๐‹๐จ๐จ๐ค๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐ฆ๐จ๐ซ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง? ๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐š ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐จ๐ซ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐ง๐จ๐ฐ : https://www.maximizemarketresearch.com/request-sample/86487/

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand's position as the "Detroit of Asia" is supported by its robust manufacturing infrastructure and incentives for green automotive projects. Recent initiatives by Toyota and Honda to expand hybrid and EV production underline the country's focus on sustainability trends. The push for smart manufacturing is transforming Thailand's automotive landscape.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan's automotive market is experiencing consolidation as major companies like ๐“๐จ๐ฒ๐จ๐ญ๐š, ๐๐ข๐ฌ๐ฌ๐š๐ง, ๐š๐ง๐ ๐Œ๐š๐ณ๐๐š collaborate on research and development. The focus on autonomous vehicles and artificial intelligence is driving partnerships, positioning Japan as a leader in innovative mobility solutions. Recent acquisitions in AI-focused firms further strengthen its market dominance.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's automotive sector, spearheaded by companies like ๐‡๐ฒ๐ฎ๐ง๐๐š๐ข ๐š๐ง๐ ๐Š๐ข๐š, is undergoing significant updates to embrace EVs and hydrogen-powered vehicles. Government incentives and substantial investments in infrastructure, including charging stations, are driving market growth. Collaborations with tech companies are propelling South Korea towards an autonomous future.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore's automotive industry is evolving with a strong focus on mobility-as-a-service (MaaS) solutions. The introduction of smart mobility initiatives and partnerships between companies like ComfortDelGro and global tech giants are fostering growth. Efforts to deploy autonomous taxis showcase Singapore's ambition to lead in intelligent transportation systems.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’

The US automotive market is marked by a surge in EV adoption, led by companies like ๐“๐ž๐ฌ๐ฅ๐š ๐š๐ง๐ ๐…๐จ๐ซ๐.Recent developments include investments in battery technology and charging networks. The Bipartisan Infrastructure Law's focus on clean energy is accelerating trends in sustainable automotive solutions.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

Europe's automotive market remains a powerhouse with advancements in electric and autonomous vehicles. Companies like Volkswagen and BMW are making significant strides in EV development. Mergers and acquisitions, such as Stellantis's recent collaborations, reflect the region's dynamic market landscape. The emphasis on reducing emissions aligns with the European Green Deal, further boosting growth.

๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž

The European market is undergoing consolidation with strategic alliances and joint ventures. Partnerships between Daimler and tech firms to enhance autonomous driving technologies illustrate this trend. Acquisitions in battery manufacturing and charging infrastructure are also pivotal in shaping the market.

๐ƒ๐ข๐ฌ๐œ๐จ๐ฏ๐ž๐ซ ๐ค๐ž๐ฒ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ ๐ซ๐จ๐ฐ๐ญ๐ก ๐จ๐Ÿ ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ :

๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

Commercial Vehicles
Electric Cars
Passenger Cars
Three Wheelers
Two-Wheelers
Utility Vehicles

Due to their extensive use for personal transportation, passenger cars continue to dominate the European automotive market based on vehicle type. The dominance of conventional internal combustion engine passenger cars is being challenged by the growing popularity of electric vehicles, which will also make the European automotive market more ecologically friendly. For family and personal use, traditional passenger automobiles are still very popular.

๐›๐ฒ ๐…๐ฎ๐ž๐ฅ ๐“๐ฒ๐ฉ๐ž

Petrol

Diesel
Electric
CNG/LPG

In Europe, commercial vehicles-such as trucks and vans-are essential to logistics and transportation services. The requirement for effective products transportation is what motivates their adoption, and growth is fueled by e-commerce expansion. Applications for three-wheelers include last-mile delivery services and urban mobility. They provide agile solutions for courier and transportation businesses in crowded European cities. Due to their lower emissions and emphasis on fuel efficiency, motorcycles and scooters are popular for urban commuting. Due to their simplicity and agility, two-wheelers are popular in crowded European towns. Utility vehicles, such as SUVs and crossovers, are becoming more and more popular among European consumers. This trend is a result of lifestyle choices and the need for additional interior space in the European auto industry.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐๐š๐ญ๐š ๐š๐ง๐ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐›๐ฒ ๐ฏ๐ข๐ž๐ฐ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž : @https://www.maximizemarketresearch.com/market-report/automotive-market-in-europe/86487/

๐‹๐ž๐š๐ซ๐ง ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ž ๐ญ๐จ๐ฉ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ :

1. Honda
2. Volkswagen
3. Toyota
4. Nissan
5. Mazda
6. Mitsubishi
7. Mercedes-Benz
8. BMW
9. Porsche
10. Skoda
11. Land Rover
12. Audi Motors
13. Autoliv
14. Bosch
15. Continental
16. DAF Trucks
17. Daimler
18. Delphi
19. Denso
20. Deutsche Telekom
21. Ericsson
22. Eurofiber

๐†๐ž๐ญ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐ญ๐จ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐ฌ๐ก๐š๐ฉ๐ข๐ง๐  ๐ญ๐ก๐ž ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ :

What is Automotive ?
What is the growth rate of the Automotive Market?
Which are the factors expected to drive the Automotive market growth?
What is the CAGR at which the Automotive market will grow during the forecast period?
What are the different segments of the Automotive Market?
Which is the fastest growing region in the Automotive market?
What growth strategies are the players considering to increase their presence in Automotive ?
What are the upcoming opportunities and trends for the Automotive Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Market?
Who are the leading companies and what are their portfolios in Automotive Market?
What segments are covered in the Automotive Market?
Who are the key players in the Automotive market?

๐†๐š๐ข๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐ฅ๐ข๐ง๐ค @https://www.maximizemarketresearch.com/request-sample/86487/

๐†๐ž๐ญ ๐š ๐œ๐ฅ๐จ๐ฌ๐ž๐ซ ๐ฅ๐จ๐จ๐ค ๐š๐ญ ๐ญ๐ก๐ž ๐ ๐š๐ฆ๐ž-๐œ๐ก๐š๐ง๐ ๐ข๐ง๐  ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐  ๐ฌ๐ฎ๐œ๐œ๐ž๐ฌ๐ฌ.

Past Size and Competitive Landscape
โ€ข Past Pricing and price curve by region
โ€ข Size, Share, Size Forecast by different segment
โ€ข Dynamics Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Segmentation A detailed analysis by segment with their sub-segments and Region
โ€ข Competitive Landscape Profiles of selected key players by region from a strategic perspective

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐จ๐ฎ๐ซ ๐ญ๐ซ๐ž๐ง๐๐ข๐ง๐  ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ญ๐จ ๐ฎ๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฌ๐ก๐ข๐Ÿ๐ญ๐ฌ :

โ™ฆ DNA Synthesizer Market https://www.maximizemarketresearch.com/market-report/dna-synthesizer-market/189258/

โ™ฆ Bath Towel Market https://www.maximizemarketresearch.com/market-report/bath-towel-market/195327/

โ™ฆ Europe Military Land Vehicle Market https://www.maximizemarketresearch.com/market-report/europe-military-land-vehicle-market/199951/

โ™ฆ Foam Market https://www.maximizemarketresearch.com/market-report/foam-market/122498/

โ™ฆ Workplace Services Market https://www.maximizemarketresearch.com/market-report/global-workplace-services-market/55688/

โ™ฆ Edible Oils Market https://www.maximizemarketresearch.com/market-report/edible-oils-market/125464/

โ™ฆ Lighting Product Market https://www.maximizemarketresearch.com/market-report/lighting-product-market/11116/

โ™ฆ Outboard Boat Market https://www.maximizemarketresearch.com/market-report/outboard-boat-market/147038/

โ™ฆ App Analytics Market https://www.maximizemarketresearch.com/market-report/global-app-analytics-market/24816/

โ™ฆ Encoder Market https://www.maximizemarketresearch.com/market-report/global-encoder-market/34930/

๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐ญ๐จ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Ÿ๐จ๐ซ ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ :

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
sales@maximizemarketresearch.com
www.maximizemarketresearch.com

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Artificial Intelligence in Agriculture Market size is expected to grow at 21.5% throughout the forecast period, reaching nearly US$ 7.88 Bn by 2030 Artificial Intelligence in Agriculture Market Overview: The Artificial Intelligence in Agriculture market represents the integration of advanced computational technologies into farming practices to enhance efficiency, productivity, and sustainability. This market encompasses a wide array of solutions, including predictive analytics for crop yield forecasting, computer vision systems for monitoring plantโ€ฆ
Offshore Support Vessels Market to Reach USD 4.16 Billion by 2032, Growing at a 6.5% CAGR
09-04-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Offshore Support Vessels Market to Reach USD 4.16 Billion by 2032, Growing at a โ€ฆ
Offshore Support Vessels Market size was valued at USD 2510.79 Million in 2024 and the total Offshore Support Vessels revenue is expected to grow at a CAGR of 6.5% from 2025 to 2032, reaching nearly USD 4155.34 Million. Offshore Support Vessels Industry Overview: The offshore support vessels (OSV) industry provides a critical maritime logistical backbone for offshore oil and gas exploration and production activities, as well as a growing role in offshoreโ€ฆ
Commercial Vehicles Market Forecast to Expand from USD 848.63 Billion to USD 1.23 Trillion by 2032
09-04-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Commercial Vehicles Market Forecast to Expand from USD 848.63 Billion to USD 1.2 โ€ฆ
Commercial Vehicles Market size was valued at USD 848.63 Billion in 2024 and the total Commercial Vehicles revenue is expected to grow at a CAGR of 4.7% from 2025 to 2032, reaching nearly USD 1225.45 Billion. Commercial Vehicles Market Overview: The commercial vehicles market is a vital segment of the global automotive industry, encompassing vehicles designed primarily for transporting goods or passengers for commercial purposes. This broad category includes light commercial vehiclesโ€ฆ

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07-09-2024 | Advertising, Media Consulting, โ€ฆ
HTF Market Intelligence Consulting Private Limited
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, โ€ฆ
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metalโ€ฆ
01-18-2021 | Logistics & Transport
Ken Research Pvt Ltd
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear โ€ฆ
Saudi Arabiaโ€™s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence ofโ€ฆ
02-27-2019 | Business, Economy, Finances, B โ€ฆ
Fact.MR
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu โ€ฆ
Automotive fuel injectors marketย is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that theย salesย of automotive fuel injectors areย expectedโ€ฆ
01-31-2019 | Business, Economy, Finances, B โ€ฆ
Orbis Research
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo โ€ฆ
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the globalโ€ฆ
01-15-2019 | Business, Economy, Finances, B โ€ฆ
Research Reports Inc.
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del โ€ฆ
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Informationโ€ฆ
08-28-2018 | Business, Economy, Finances, B โ€ฆ
Accord Market
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, โ€ฆ
Accord Market, recently published a detailed market research study focused on the โ€œAutomotive Body Welded Assembly Marketโ€ across the global, regional and country level. The report provides 360ยฐ analysis of โ€œAutomotive Body Welded Assembly Marketโ€ from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend ofโ€ฆ