Global Motor Vehicles Market Trends And Strategies Of Major Players In The Motor Vehicles Market 2021-2030
7 May, 2021
The motor vehicle market consists of sales of motor vehicles or motor vehicle chassis and related services by entities (organizations, sole traders and partnerships) that produce complete automobiles, light duty motor vehicles, and heavy duty trucks (i.. body and chassis or unibody) or produce motor vehicle chassis only.
Global Motor Vehicles Market Size And Drivers:
The global motor vehicles market is expected to grow from $2115.8 billion in 2020 to $2308.1 billion in 2021 at a compound annual growth rate (CAGR) of 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 $3231.3 billion in 2025 at a CAGR of 9%.Stable economic growth is expected to increase investments in the end user markets, thereby driving the motor vehicle market during forecast period.
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Trends In The Global Motor Vehicles Market
Motor vehicle manufacturers, especially car manufacturers, are increasingly focusing on commercialization of cars with active window displays. The active window displays will show all key driving information on the windshield. It shows information such as navigation instructions, fuel levels information, vehicle speed and other information. Some car manufacturers are also offering technologies that can be fixed on the dashboard of a car. For instance, during the Consumer Electronics Show (CES) 2019, some of the car manufacturers such as Hyundai and Mercedes-Benz showcased their Augmented Reality cockpits prototypes which are very similar to the active windows display.
Global Motor Vehicles Market Segments:
The global motor vehicles market is further segmented based on type and geography.
By Type: Motorcycle And Bicycle, Passenger Car, Commercial Vehicle
By Fuel Type: Gasoline, Diesel, Others
By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc
By Propulsion Type: IC Engine, Electric Vehicle
Subsegments Covered: Motorcycles And Parts, Bicycles And Parts, Motor Scooters, Other Motorcycle And Bicycle, Hatchback, Sedan, Utility Vehicle, Light Commercial Vehicle, Heavy Trucks, Buses And Coaches
By Geography: The global motor vehicles market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia Pacific motor vehicles market accounts for the largest share in the global motor vehicles market.
Read More On The Report For The Global Motor Vehicles Market At:https://www.thebusinessresearchcompany.com/report/motor-vehicles-global-market-report-2020-30-covid-19-impact-and-recovery
Motor Vehicles Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides motor vehicles market overviews, analyzes and forecasts market size and growth for the global motor vehicles market, motor vehicles market share, motor vehicles market players, motor vehicles market segments and geographies, motor vehicles market’s leading competitors’ revenues, profiles and market shares. The motor vehicles market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.