Press release
Europe Automotive Market Projected to Reach Nearly USD 29.55 Billion by 2030 at 8.9% CAGR
Automotive Market
The European automotive market is poised for significant growth, with projections indicating an increase from $16.26 billion in 2023 to approximately $29.55 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 8.9%.
To further investigate this topic, please navigate to the following link:
https://www.maximizemarketresearch.com/request-sample/86487/
Competitive Landscape and Regional Demand
Europe's automotive sector is dominated by renowned manufacturers such as Volkswagen, BMW, and Mercedes-Benz, recognized for their engineering excellence and technological innovation. The region has also seen a substantial shift towards electric and hybrid vehicles, with companies like Tesla and Nissan making significant inroads. Notably, countries like Norway are leading in electric vehicle adoption, underscoring the region's commitment to sustainable transportation solutions.
United States: Automotive Market Consolidation
In the United States, the automotive industry has experienced notable consolidation activities. A significant development includes the proposed merger between Nissan and Honda, valued at £48 billion. This merger aims to address declining sales and production challenges, enabling the combined entity to better compete with dominant electric vehicle manufacturers like Tesla and BYD. However, reports indicate that the merger is nearing collapse due to differences between the two companies, particularly concerning corporate structure and strategy.
For a more in-depth understanding, please refer to the following link:
https://www.maximizemarketresearch.com/request-sample/86487/
Segmentation Analysis
by Vehicle Type
Commercial Vehicles
Electric Cars
Passenger Cars
Three Wheelers
Two-Wheelers
Utility Vehicles
Because they are so widely used for personal mobility, passenger automobiles continue to dominate the European automotive market. 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.
by Fuel Type
Petrol
Diesel
Electric
CNG/LPG
Want a comprehensive Market analysis? Check out the summary of the research report :
https://www.maximizemarketresearch.com/market-report/automotive-market-in-europe/86487/
Key Market Participants:
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
Catch Up with Trending Topics:
Automotive Connectors Market :
https://www.maximizemarketresearch.com/market-report/automotive-connectors-market/11106/
Automotive Lubricants Market :
https://www.maximizemarketresearch.com/market-report/automotive-lubricants-market/11170/
Automotive Wheel Market :
https://www.maximizemarketresearch.com/market-report/automotive-wheel-market/11013/
Ship Loader & Unloader Market :
https://www.maximizemarketresearch.com/market-report/global-ship-loader-unloader-market/39299/
Automotive Lightweighting Market :
https://www.maximizemarketresearch.com/market-report/global-automotive-lightweighting-market/82092/
Contact Us:
MAXIMIZE Market RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizeMarketresearch.com
About Us:
Maximize Market Research is one of the fastest-growing Market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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 Europe Automotive Market Projected to Reach Nearly USD 29.55 Billion by 2030 at 8.9% CAGR here
News-ID: 3903924 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Clinical Trials Market Set to Reach USD 88.26 Billion by 2032 with a 6.13% CAGR …
According to a new report by Maximize Market Research, the global Clinical Trials Market was valued at USD 54.83 billion in 2024 and is projected to reach USD 88.26 billion by 2032, growing at a CAGR of 6.13%. A major surge in biopharmaceutical R&D and oncology-focused studies is driving the global clinical trials market toward nearly USD 88.26 billion by 2032 at a 6.13% CAGR.
► Get a sample of the…
Turbo Trainer Market to Reach USD 421.03 Million by 2032, Growing at a CAGR of 5 …
Turbo Trainer Market size was valued at USD 281.52 Mn. in 2024 and the total Turbo Trainer revenue is expected to grow at 5.16% through 2025 to 2032, reaching nearly USD 421.03 Mn.
Turbo Trainer Market Overview:
The Turbo Trainer Market is witnessing significant growth as fitness enthusiasts increasingly adopt indoor cycling equipment for year-round training. Turbo trainers, which allow users to convert regular bicycles into stationary exercise machines, have become essential…
Sodium Acetate Market to Reach USD 354.24 Million by 2032, Growing at a CAGR of …
Sodium Acetate Market size was valued at USD 206.17 Million in 2024, and the total revenue is expected to grow at CAGR of 7 % from 2025 to 2032, reaching nearly USD 354.24 Million.
Sodium Acetate Market Overview:
The Sodium Acetate Market is experiencing steady growth due to its widespread applications across industries such as food and beverage, pharmaceuticals, textiles, and chemical manufacturing. Sodium acetate, a versatile salt of acetic acid, is…
India Tire Market to Reach USD 27.6 Billion by 2033 at 7.6 % CAGR - "India Tire …
According to a new report by Maximize Market Research, the India tire market was valued at approximately USD 13.4 billion in 2024 and is expected to climb to USD 27.6 billion by 2033, representing a compound annual growth rate (CAGR) of about 7.6 %. The growth is underpinned by increasing automotive production, growing replacement demand, and rising adoption of radial tyres.
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/21022/
♦ Key Highlights
Market size…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
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 metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’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 of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market 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 the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
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 global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
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 Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” 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 of…
