Transport Industry Overview

The motor home market consists of sales of motor homes and related services by entities (organizations, sole traders and partnerships) that produce motor homes on purchased chassis and/or produce conversion vans on an assembly line basis. Motor homes are units where the motor and the living quarters are integrated in the same unit. The motor home market is segmented into self-contained motor homes assembling and van and minivan conversions. The global motor home market is expected to grow from $144.08 billion in 2020 to $150.63 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $201.85 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global motor home market, accounting for 51% of the market in 2020. North America was the second largest region, accounting for 19% of the global motor home market. Africa was the smallest region in the global motor home market. One of the most significant trends in the motor homes manufacturing industry is the upcoming solar powered motor homes, which are basically electric motorhomes powered by solar panels and a battery pack. Dethleffs unveiled the e-home, a motorhome powered by solar panels and a battery pack. The company claims that it enables a range of 100 miles and it can support both DC fast-charging and level 2 electric vehicle charging. The major players covered in the global motor home market are Forest River, REV Group, Keystone RV, Jayco, Thor Industries. The countries covered in the global motor home market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global motor home market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global motor home market is segmented - 1) By Type: Self-Contained Motor Homes Assembling, Van And Minivan Conversions 2) By Application: Residential, Commercial

The travel trailer and camper market consists of sales of travel trailers and campers and related services by entities (organizations, sole traders and partnerships) that produce travel trailers and campers designed to attach to motor vehicles, pick-up coaches (i.e., campers) and caps (i.e., covers) for mounting on pick-up truck and/or produce automobile, utility and light-truck trailers. Travel trailers do not have their own motor but are designed to be towed by a motor unit, such as an automobile or a light truck. The travel trailer and camper market is segmented into travel trailer and camper. The global travel trailer and camper market is expected to grow from $88.51 billion in 2020 to $92.93 billion in 2021 at a compound annual growth rate (CAGR) of 5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $139.62 billion in 2025 at a CAGR of 11%. Asia Pacific was the largest region in the global travel trailer and camper market, accounting for 34% of the market in 2020. North America was the second largest region, accounting for 29% of the global travel trailer and camper market. Africa was the smallest region in the global travel trailer and camper market. Advances in technology are expected to be a continued driver of travel trailer and camper market growth in the forecast period. The global travel trailer and camper industry has experienced many technological advances in the last decade and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the travel trailer and camper market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the travel trailer and camper market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components. Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the travel trailer and camper market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Travel trailer and camper manufacturers are increasingly installing solar panels in travel trailers for the creation of a sustainable environment. A travel trailer traditionally depends on the use of noisy generators for its functioning. Solar panels do not make noise and are ultra-portable, lightweight. Solar panels can be easily mounted on trailers and convert sunlight into power which can be used for functioning of travel trailers. For instance, Renogy, Go Power and Zamp Solar are examples of companies manufacturing solar panels and related systems for travel trailers and campers. The major players covered in the global travel trailer and camper market are DethMers Manufacturing company, MasterCraft Boat Company, Jayco, Nu-Wa Industries, Miba Bearings US. The countries covered in the global travel trailer and camper market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global travel trailer and camper market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global travel trailer and camper market is segmented - 1) By Type: Travel Trailer, Camper 2) By Application: On Raod, Off Raod

The motorcycle, bicycles and parts market consists of sales of motorcycle, bicycles and parts and related services by entities (organizations, sole traders and partnerships) that produce motorcycles, scooters, tricycles and similar equipment and parts. The motorcycle and bicycle market is segmented into motorcycles and parts; bicycles and parts; motor scooters and other motorcycle and bicycle. The global motorcycle and bicycle market is expected to grow from $74.36 billion in 2020 to $78.3 billion in 2021 at a compound annual growth rate (CAGR) of 5.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $109.74 billion in 2025 at a CAGR of 9%. Asia Pacific was the largest region in the global motorcycle and bicycle market, accounting for 42% of the market in 2020. North America was the second largest region, accounting for 20% of the global motorcycle and bicycle market. Africa was the smallest region in the global motorcycle and bicycle market. Advances in technology are expected to be a continued driver of market growth in the forecast period. The global motorcycle and bicycle manufacturing industry has experienced many technological advances in the last decade and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the motorcycle and bicycle market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the motorcycle and bicycle market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components. Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the motorcycle and bicycle market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Bicycle manufacturers are increasingly investing in the manufacture of electric bicycles that operate using rechargeable batteries. These electric bicycles serve as an eco-friendly, low cost mode of transportation and can also be used for recreational bicycle trips, shopping and errands. Major players are also investing in new electric bicycles equipped with internet and GPS features. For instance, in 2019, Hero Cycles, a manufacturer of bicycles and bicycle related products, in partnership with Yamaha Motor Company launched its e-cycle named Lectro EHX20. Similarly, USA based bike manufacturer Bulls, launched three light-weight electric bicycles in 2020. The major players covered in the global motorcycle and bicycle market are Yamaha, Honda, BMW, Harley Davidson, Kawasaki. The countries covered in the global motorcycle and bicycle market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global motorcycle and bicycle market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global motorcycle and bicycle market is segmented - 1) By Type: Motorcycles And Parts, Bicycles And Parts, Motor Scooters, Other Motorcycle And Bicycle 2) By Distribution Channel: Independent Retailers, Online Sales

The passenger car market consists of sales of passenger cars or passenger car chassis and related services by entities (organizations, sole traders and partnerships) that produce complete automobiles (with body and chassis) or produce automobile chassis only. The passenger car market is segmented into hatchback; sedan and utility vehicle. The global passenger car market is expected to grow from $1321.74 billion in 2020 to $1445.1 billion in 2021 at a compound annual growth rate (CAGR) of 9.3%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1988.72 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global passenger car market, accounting for 46% of the market in 2020. Western Europe was the second largest region, accounting for 22% of the global passenger car market. Africa was the smallest region in the global passenger car market. Additive manufacturing is continuously evolving and automobile manufacturers are now using 3D printing technology to reduce production time and costs. 3D printing creates a three-dimensional physical object using a digital design. It is being used to build prototypes of cars, concept models, design verification and functional parts used in test vehicles and engines. Automobile manufacturers are also using 3D printing to build a variety of tools, jigs and fixtures used in assembly and manufacturing processes. 3D printing helps in rapid prototyping, increases assembly line efficiency, lowers turnaround time, improves flexibility in design and reduces wastage of materials. The major players covered in the global passenger car market are Volkswagen, Toyota, General Motors, Renault-Nissan, Hyundai-Kia. The countries covered in the global passenger car market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global passenger car market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global passenger car market is segmented - 1) By Type: Hatchback, Sedan, Utility Vehicle 2) By Fuel Type: Gasoline, Diesel, Others 3) By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc 4) By Propulsion Type: IC Engine, Electric Vehicle

The commercial vehicles market consists of sales of commercial vehicles and related services by entities (organizations, sole traders and partnerships) that produce complete light trucks and utility vehicles such as light duty vans, minivans, pick-up trucks and sports utility vehicles, and complete heavy duty trucks, buses, coaches, heavy duty motor homes and other special purpose heavy duty motor vehicles for highway use. The commercial vehicle market is segmented into light commercial vehicle; heavy trucks and buses and coaches. The global commercial vehicle market is expected to grow from $719.08 billion in 2020 to $784.6 billion in 2021 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1132.57 billion in 2025 at a CAGR of 10%. North America was the largest region in the global commercial vehicle market, accounting for 65% of the market in 2020. Asia Pacific was the second largest region, accounting for 20% of the global commercial vehicle market. Eastern Europe was the smallest region in the global commercial vehicle market. Advances in technology are expected to be a continued driver of market growth in the forecast period. The commercial vehicle industry has experienced many technological advances in the last decade and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the commercial vehicle market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the commercial vehicle market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components. Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the commercial vehicle market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Major commercial vehicle manufacturers are investing in driverless car technologies to reduce traffic congestion, prevent accidents and save fuel. Driverless commercial vehicles are able to sense its surrounding environment and navigate through an area without the involvement of humans using radar, GPS, computer vision technology. With this technology becoming realistic many companies are expected to be part of production and design of driverless vehicles. Companies such as UPS and Amazon are testing driverless commercial vehicles to improve operational efficiencies and reduce costs. The major players covered in the global commercial vehicle market are Daimler AG, Volvo Group, Man Truck & Bus, Hino Motors, Scania. The countries covered in the global commercial vehicle market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global commercial vehicle market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global commercial vehicle market is segmented - 1) By Type: Light Commercial Vehicle, Heavy Trucks, Buses And Coaches 2) By Fuel Type: Gasoline, Diesel, Others 3) By Application: Mining & Construction, Logistics, Passenger Transportation, Others 4) By Propulsion Type: IC Engine, Electric Vehicle

The boat building and repairing market consists of sales of boats and boat building and repairing services and related services by entities (organizations, sole traders and partnerships) that operate shipyards or boatyards. Shipyards and boatyards are fixed facilities with drydocks and fabrication equipment capable of building boats, including dinghies, hovercrafts, motorboats, rowboats, yachts, sailboats and inflatable rubber boats. The boat building and repairing market is segmented into boat building and boat repairing. The global boat building and repairing market is expected to grow from $41.09 billion in 2020 to $43.95 billion in 2021 at a compound annual growth rate (CAGR) of 7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $57.11 billion in 2025 at a CAGR of 7%. North America was the largest region in the global boat building and repairing market, accounting for 37% of the market in 2020. Asia Pacific was the second largest region, accounting for 36% of the global boat building and repairing market. Africa was the smallest region in the global boat building and repairing market. Advances in technology are expected to be a continued driver of market growth in the forecast period. The global boat building and repairing industry has experienced many technological advances in the last decade and this trend is expected to intensify. The new features to expect in boats include autonomous driving, black finishing, wellness features, modern lighting, driver override systems, comprehensive tracking, active health monitoring and reconfigurable body panels. These innovations are expected to drive the boat building and repairing market during the forecast period The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the boat building and repairing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components. Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the boat building and repairing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Boat building companies are increasingly using 3D printing technology in the manufacture of boats. 3D printing involves the building of three-dimensional objects using a digital model by laying successive layers of material. 3D printing provides boat manufacturers with advantages such as adjustability, cost reduction and convenience. Manufacturing companies are focusing on new products especially for fishing and water sports. Many high-end yachts are already using 3D printed parts. For instance, in the USA, the UMaine (University of Maine) team built the largest 3D printed boat using the largest prototype polymer 3D printer. The major players covered in the global boat building and repairing market are Brunswick Corporation, Riviera, Holyhead Boatyard Ltd, Ancasta International Boat Sales Ltd, Survitec Survival Craft Ltd. The countries covered in the global boat building and repairing market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global boat building and repairing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global boat building and repairing market is segmented - By Type: Boat Building, Boat Repairing

The motor vehicle body, stamped metal, & other parts market consists of sales of motor vehicle bodies, stamped motor vehicle metals, & other motor vehicle parts and related services by entities (organizations, sole traders and partnerships) that produce motor vehicle stampings, such as fenders, tops, body parts, trim, and moldings or produce and/or rebuild motor vehicle parts and accessories (except motor vehicle gasoline engines and engine parts, motor vehicle electrical and electronic equipment, motor vehicle steering and suspension components, motor vehicle brake systems, motor vehicle transmissions and power train parts, motor vehicle seating and interior trim, and motor vehicle stampings). The motor vehicle body, metal stamping & other parts market is segmented into motor vehicle body; stamped metal and other parts. The global motor vehicle body, stamped metal & other parts market is expected to grow from $1358.25 billion in 2020 to $1424.33 billion in 2021 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1928.67 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global motor vehicle body, stamped metal & other parts market, accounting for 45% of the market in 2020. Western Europe was the second largest region, accounting for 26% of the global motor vehicle body, stamped metal & other parts market. Africa was the smallest region in the global motor vehicle body, stamped metal & other parts market. Advances in technology are expected to be a continued driver of market growth in the forecast period. The motor vehicle body, metal stamping & other parts industry has experienced many technological advances in the last decade and this trend is expected to intensify. According to Forbes, the ten new features to expect in vehicles by 2020 include autonomous driving, driver override systems, biometric vehicle access, comprehensive vehicle tracking, active window displays, remote vehicle shutdown, active health monitoring, four-cylinder supercars, smart and personalized in-car marketing and reconfigurable body panels. These innovations are expected to drive the motor vehicle body, metal stamping & other parts market during the forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle body, metal stamping & other parts market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components. Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle body, metal stamping & other parts market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Motor vehicle parts manufacturers are using IoT to reduce unscheduled downtimes, thereby increasing operational efficiency. IoT is a system of "connected devices" with the ability to collect and exchange data over a network without any human intervention and assistance. IoT helps motor vehicle parts manufacturers to increase their efficiency by providing real-time information about production processes. In addition, IoT can be used by automobile parts manufacturers to obtain wear and tear data that can prevent equipment failures. For instance, German car parts maker Robert Bosch signed an agreement with software company SAP to connect its manufacturing machinery, tools and vehicles to SAP's back-end software. This IoT technology uses SAP's real-time database HANA to monitor and support the production of automobile parts. The global automotive IoT market is expected to reach 106.32 billion by 2023. According to IDC and SAP, 60 % of global manufacturers use analytics data tracked from IoT connected devices to analyse the manufacturing processes. The major players covered in the global motor vehicle body, stamped metal & other parts market are Lindy Manufacturing, Alcoa Inc., Acro, Gestamp, Trans-Matic. The countries covered in the global motor vehicle body, stamped metal & other parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global motor vehicle body, stamped metal & other parts market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global motor vehicle body, stamped metal & other parts market is segmented - 1) By Type: Motor Vehicle Body, Stamped Metal, Other Parts 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket

The motor vehicle engine, power train, & parts market consists of sales of motor vehicle engine, power train, & parts and related services by entities (organizations, sole traders and partnerships) that produce and/or rebuild motor vehicle transmissions and power train parts. The motor vehicle engine, power train & parts market is segmented into vehicle engine and engine parts and power train and power train parts. The global motor vehicle engine, power train & parts market is expected to grow from $806.94 billion in 2020 to $846.39 billion in 2021 at a compound annual growth rate (CAGR) of 4.9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1135.99 billion in 2025 at a CAGR of 8%. Asia Pacific was the largest region in the global motor vehicle engine, power train & parts market, accounting for 48% of the market in 2020. Western Europe was the second largest region, accounting for 22% of the global motor vehicle engine, power train & parts market. Africa was the smallest region in the global motor vehicle engine, power train & parts market. The motor vehicle engine, power train & part market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period. The outbreak of the Coronavirus disease (COVID-19) has acted as a massive restraint on the motor vehicle engine, power train & parts market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components. Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle engine, power train & parts market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy Motor vehicle parts manufacturers are using IoT to reduce unscheduled downtimes, thereby increasing operational efficiency. IoT is a system of "connected devices" with the ability to collect and exchange data over a network without any human intervention and assistance. IoT helps motor vehicle parts manufacturers to increase their efficiency by providing real-time information about production processes. In addition, IoT can be used by automobile parts manufacturers to obtain wear and tear data that can prevent equipment failures. For instance, German car parts maker Robert Bosch signed an agreement with software company SAP to connect its manufacturing machinery, tools and vehicles to SAP's back-end software. This IoT technology uses SAP's real-time database HANA to monitor and support the production of automobile parts. The global automotive IoT market is expected to reach 106.32 billion by 2023. According to IDC and SAP, 60 % of global manufacturers use analytics data tracked from IoT connected devices to analyse the manufacturing processes. The major players covered in the global motor vehicle engine, power train & parts market are Honda, BMW, Toyota, Mercedes-Benz, Ford. The countries covered in the global motor vehicle engine, power train & parts market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The regions covered in the global motor vehicle engine, power train & parts market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The global motor vehicle engine, power train & parts market is segmented - 1) By Type: Vehicle Engine And Engine Parts, Power Train And Power Train Parts 2) By Application: Passenger Vehicle, Commercial Vehicle 3) By End Use: OEM, Aftermarket