Global Large SUVs Market

A passenger electric vehicle is a road motor vehicle that runs on electricity and is used to transport people and has a maximum seating capacity of nine people (including the driver). The main types in the passenger electric vehicle market are battery electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Battery electric vehicles operate only on stored electricity, and their main components consist of a high-voltage battery, one or more electric motors (either alternating current [AC] or direct current [DC]), and a controller for managing the power electronics. The vehicle types involved are sedans, hatchbacks, and SUVs. The charging infrastructure involved is normal charging and high power charging. The passenger electric vehicle market research report is one of a series of new reports from The Business Research Company that provides passenger electric vehicle market statistics, including passenger electric vehicle industry global market size, regional shares, competitors with a passenger electric vehicle market share, detailed passenger electric vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the passenger electric vehicle industry. This passenger electric vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global passenger electric vehicles market grew from $278.75 billion in 2022 to $365.72 billion in 2023 at a compound annual growth rate (CAGR) of 31.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The passenger electric vehicles market is expected to grow from $1,083.65 billion in 2027 at a CAGR of 31.2%. The rising concerns about environmental factors, including global warming and climate change, are increasing the demand for electric vehicles and, subsequently, driving the passenger electric vehicle market. Due to rising environmental concerns, more people have been shifting to alternate modes of transport that cause less pollution. This has resulted in a substantial increase in the purchase of electric vehicles across the globe. Electric vehicles are one of the most sustainable modes of transportation as they do not emit climate-damaging greenhouse gases or health-harming nitrogen oxide. They are also relatively quieter and easier to operate. For instance, according to data by UNICEF, according to the Intergovernmental Panel on Climate Change (IPCC), the level of carbon dioxide in the atmosphere will be cut by 45 percent by 2030 to prevent global warming above 1.5oC and the threshold at which the worst impacts of climate change could be averted.. These factors are expected to boost the demand for electric vehicles and drive the market going forward. Battery capacity and drainage challenges are significant challenges that are restraining the growth of the passenger electric vehicle market. The capacity of lithium-ion batteries, which are generally used in electric cars, decreases with the increase in the number of cycles of charging and discharging. An electronic vehicle's battery can be damaged due to high temperatures, overcharging, low voltages, and high charge current. There is also a risk of battery drainage while in the middle of the journey, which would leave the driver with no other alternative source of fuel or power where there is no electric charging station. For example, a report published in Economic Times (Auto) suggested that the electric cars made by Mahindra performed poorly, and their battery capacity was not up to the required levels. The models tested could not even run 80-82 km on a single charge. These issues with batteries are limiting the use of electric vehicles, thus restraining the growth of the market. Companies in the passenger electric vehicle market are focusing on the development of technologies to increase the range of the vehicles. Automobile manufacturers have increased the battery range of their electric models by an average of 38 miles, which is equivalent to a cumulative 15% increase on average every year. Other developments include fluoride-ion batteries, which have higher performance compared to currently used lithium-ion batteries. The fluoride-ion batteries have greater energy density and are more eco-friendly than the current lithium-ion technology. With this new battery technology, an EV could go further on a pack of the same physical size or the same distance with a physically smaller battery pack, thus improving the range of the vehicle. Honda has already invested in the same and is working along with CalTech and NASA's Jet Propulsion Laboratory on this technology. The passenger electric vehicle market in Europe is governed by WP.29 of the UNECE (United Nations Economic Commission for Europe) Vehicle Regulations, which contribute to mobility electrification. WP. 29 specifies certain regulations that are required for assessing electric vehicles before commercializing them. This assessment is done in respect of safety standards and environmental performance of electric vehicles, hybrid electric vehicles, and fuel cell vehicles. This regulation also covers the risks relating to electric shocks and fire explosions due to the battery. Various testing procedures are undertaken by the concerned regulatory bodies to evaluate the environmental efficiency of these vehicles. In June 2022, Club Car, a US-based manufacturer and global leader in golf, consumer, and utility vehicles, acquired Garia A/S for an undisclosed amount. Through this acquisition, Club Car will expand in low-speed electric vehicles. Garia A/S is a Denmark-based manufacturer of electric vehicles for the utility, consumer and golf markets. Major players in the passenger electric vehicles market are Tesla Motors Inc., BMW AG, Nissan Motor Corporation, Ford Motor Company and Toyota Motor Corporation, Tesla Motors, Inc., BMW AG, Nissan Motor Corporation, Ford Motor Company, Toyota Motor Corporation, Volkswagen AG, General Motors Company, Daimler AG, and Mitsubishi Motors Corporation. Asia-Pacific was the largest region in the passenger electric vehicles market in 2022. This region is expected to remain the largest during the next five years. The regions covered in the global passenger electric vehicle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the passenger electric vehicles market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The passenger electric vehicles market consists of sales of hybrid electric vehicles (HEVs) and extended range electric vehicles (E-REVs). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global passenger electric vehicles market is segmented - 1) By Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle 2) By Vehicle Type: Sedan, Hatchback, SUV 3) By Charging Infrastructure: Normal Charging, High Power Charging

The automotive centre console refers to the storage compartment between the driver’s seat and the front passenger seat. It can also refer to the central parts of the dashboard. In most modern cars, the centre console is located behind the gearstick. A central console can have many features, such as electronic gadgetry and vehicle control information. The main types of automotive centre consoles are touch screens, and buttons and controls. Touch screens in automobiles help the centre console operate only by touching it on the screen. Buttons and controls can be operated physically by the switch devices to turn on and off. Automotive centre consoles are mainly used in passenger vehicles, premium cars, compact cars, mid-size cars, luxury cars, SUVs, and electric vehicles. Automotive centre consoles are mainly sold through original equipment manufacturers and the aftermarket. The automotive centre console research report is one of a series of new reports from The Business Research Company that provides automotive centre console statistics, including automotive centre console industry global market size, regional shares, competitors with automotive centre console shares, detailed automotive centre console segments, market trends and opportunities, and any further data you may need to thrive in the automotive centre console industry. This automotive centre console research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive centre console market size grew from $29.09 billion in 2022 to $31.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive centre console market size is expected to grow to $44.12 billion in 2027 at a CAGR of 8.7%. The rapidly growing demand for electric vehicles is significantly contributing to the growth of the automotive centre console market. Safe, secure, and robust centre control systems are an integral part of an electric car. Centre consoles in electric cars are used for navigation and touch controls. As of 2020, there were 10 million electric vehicles on the roads globally. In 2020, global electric car sales reached about 3 million, with new electric car registrations increasing by 40%. In countries such as China, the USA, and Europe, sales of electric cars increased by 160% to 2.6 million units in the first half of 2021. Thus, the increasing demand for electric vehicles will drive the automotive centre console market. The introduction of new technology in touch screens is a key trend gaining popularity in the automotive centre console market. Major companies operating in the market are focused on developing new technological solutions to strengthen their position. For instance, in January 2021, Audi, a Germany-based automobile and car manufacturer, introduced its new touchpad system in the automotive centre console known as Audi MMI. This automotive centre console system has features such as swiping through menus and can also be used for writing in letters, using the index finger, into the sat-nav. The MMI also features a digital instrument display, called the Virtual Cockpit, which is another high-definition digital screen in front of the steering wheel that replaces conventional analogue dials. With this type of technology, riders can easily control the vehicle and make driving safer. In August 2021, Faurecia, a French automotive parts manufacturer, acquired Hella Inc., for a deal amount of $6.7 billion. Through this acquisition, Hella will be part of Faurecia and will operate under the Faurecia automobile division. Also, Faurecia aims to expand its market position, particularly in key growth areas such as automated driving and vehicle interior design. Hella is a Germany-based company that develops and manufactures automotive parts, accessories, diagnostic lighting, and electronic components for cars. Major players in the automotive centre console market are AGM Automotive LLC, Alps Electric Co. Ltd., Calsonic Kansei Corp., Continental AG, Delphi Automotive plc, Emerson Electric Co., Faurecia S.A, Hyundai Mobis Co, Johnson Controls Inc., Lear Carporation, MVC Holdings LLC, Novem Car Interior design, Yanfeng Automotive, DRÄXLMAIER Group, and Grammer AG. Asia-Pacific was the largest region in the automotive centre console market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive centre console report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the Automotive Centre Console market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive centre console market consists of sales of control units, audio control, temperature control feature, air conditioner pane, and cup holders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive centre console market is segmented - 1) By Type: Touch Screen, Buttons and Controls 2) By Vehicle Type: Passenger Vehicle, Premium Cars, Compact Cars, Mid-Size Cars, Luxury Cars, SUV, Electric Vehicle 3) By Distribution: Original Equipment Manufacturer, After Market

The used cars refer to cars, which are preowned by one or more owners. The used cars are generally purchased due to budget restrictions and by first-time buyers. In addition to that, a used car has an advantage over a new car as it depreciates at a slower pace. Particularly for first time car buyers, a used buying is more useful and affordable at the same time. The main types of used cars include hatchbacks, sedans, and SUVs. The hatchback cars are small boxy type passenger cars with a two-compartment configuration and fold-out cargo door. These used cars are fueled by petrol, diesel, and hybrid/electric and sold through peer-to-peer platforms, franchised dealers and independent dealers. The used cars market research report is one of a series of new reports from The Business Research Company that provides used cars market statistics, including used cars industry global market size, regional shares, competitors with a used cars market share, detailed used cars market segments, market trends and opportunities, and any further data you may need to thrive in the used cars industry. This used cars market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global used cars market size grew from $1243.34 billion in 2022 to $1339.73 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The used cars market size is expected to grow to $1899.97 billion in 2027 at a CAGR of 9.1%. The emergence of online platforms for used car sales globally is significantly driving the growth of the used cars market. The online platforms provide ease of access and required information to buy and sell used cars. The key players are expanding their business digitally to increase the sales of used cars. For instance, in September 2021, Ola launched a used automobile marketplace named 'Ola Cars,' which will allow customers to buy, and trade used cars. It will also provide 'try and buy’ services from the comfort of customers' homes, as well as simple financing with EMI alternatives and a one-year warranty. These kinds of new online platforms provide convenience for the buyers to choose from a variety of options irrespective of their locations and invariably increase the sales of used cars. Hence, the emergence of online platforms is expected to propel the growth of the used cars market over the coming years. Increasing investment in the market is a key trend gaining popularity in the used cars market. Major companies operating in the used cars market are focused on increasing investments for business expansions and strengthening their business position. For instance, in December 2020, Volkswagen, a leading motor vehicle manufacturer based in Germany announced the expansion of its digitally connected pre-owned automobile dealership network in India with the opening of two new locations, one each in Ahmedabad and Bengaluru. In addition, the automaker reiterated its intention to open 21 such dealerships that will increase its focus on the used cars business investments. In October 2021, Constellation Automotive Group, based in England, a key player in the digital marketplace for used cars in Europe has announced the acquisition of CarNext for an undisclosed amount. As a result of this acquisition, Constellation Automotive Group aims to expand its business rapidly and reach 2.5 million car sales annually. CarNext is a Netherlands-based company that provides a marketplace for used cars in several European countries. Major players in the used cars market are Hendrick Automotive Group, Group 1 Automotive, Inc., Cox Automotive, Asbury Automotive Group, Inc., CarMax Business Services LLC, TrueCar, Inc., Pendragon PLC, Lithia Motors, Inc., The Hertz Corporation, AutoNation, Quikr, Honda Auto Terrace, Toyota U-Trust, Vroom, OLX, Cars24 services private limited, Big Boy Toyz Ltd., Alibaba.com, Scout24 AG. Asia-Pacific was the largest region in the used cars market in 2022 and is expected to be the fastest-growing region in the forecast period. The regions covered in the used cars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the used cars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The used cars market consists of sales of hybrid, sedan, coupe, convertible, CUV, wagon, and van. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global used cars market is segmented - 1) By Vehicle Type: Hatchback, Sedan, SUV 2) By Fuel Type: Petrol, Diesel, Hybrid/Electric 3) By Sales Channel: Peer-To-Peer, Franchised Dealers, Independent Dealers

The automotive engine and engine mounts refer to the frame of the car engine that holds the engine and transmission in place and doesn’t require regular maintenance. It is employed to dampen vibrations that are caused by operating machines and to support the motor. It is used for reducing vibrations and making the ride much smoother. The main product types of automotive engine and engine mounts are elastomer mounts, active hydraulic mounts, passive hydraulic mounts, and electrohydraulic mounts. Active hydraulic mounts use specially generated compensation movements to neutralize the incoming engine vibrations. The fuel types are gasoline, diesel, hybrid, and natural gas. The sales channels are OEM and aftermarket. The end users involved SUVs and sedans. The automotive engine and engine mounts market research report is one of a series of new reports from The Business Research Company that provides Automotive engine and engine mounts market statistics, including Automotive engine and engine mounts industry global market size, regional shares, competitors with an Automotive engine and engine mounts market share, detailed Automotive engine and engine mounts market segments, market trends and opportunities, and any further data you may need to thrive in the Automotive engine and engine mounts industry. This Automotive engine and engine mounts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global automotive engine and engine mounts market size grew from $79.71 billion in 2022 to $86.68 billion in 2023 at a compound annual growth rate (CAGR) of 8.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The automotive engine and engine mounts market size is expected to grow to $119.35 billion in 2027 at a CAGR of 8.3%. The rising production of passenger cars is expected to propel the growth of automotive engines and engine mounts going forward. A passenger car refers to a road motor vehicle, other than a motor cycle, intended for the carriage of passengers and designed to seat no more than nine persons. Adaptive engine mounts are a further development of hydro mounts and are primarily used to increase comfort in longitudinally mounted engines with high excitation potential in passenger cars. For instance, in May 2022, according to Business Today, an India-based business magazine data, total passenger vehicle (PVs) sales in May 2022 rose 185% year-on-year (YoY) to 251,052 units. In May 2021, 88.04k passenger vehicle units have been sold. Therefore, the rising production of passenger cars is driving the automotive engines and engine mounts market. Technological advancements are a key trend gaining popularity in the automotive engine and engine mount market. Major companies operating in the automotive engine and engine mount market are focused on developing new technological solutions to strengthen their position. For instance, in December 2020, Cummins, a US-based manufacturer of automotive engines and engine mounts, launched the X15 Efficiency series engine and the new EndurantTM HD powertrain for Freightliner trucks. X15 Efficiency series consists of The Acumen® advanced engine computing module and is the first connectivity-enabled engine by Cummins with unique features such as On-Ramp Boost, which makes use of GPS to recognize when a truck is approaching an on-ramp and applies predictive services and geographic data for better fuel efficiency, shorter travel times, and intuitive performance traits while prioritizing driver comfort and safety. In July 2022, Bharat Forge Limited, a US-based manufacturer of automotive engine and engine mounts, filtration, and power generation products acquired JS Auto Cast Foundry India Pvt. Ltd. for a deal amount of Rs 489.63 Crores( 48.96 million). With this acquisition, Bharat Forge Limited aims to broaden its technologies that will provide growth opportunities for enhancing capabilities and addressable market segments both domestically and in export markets, especially in niche industrial segments. JS Auto Cast Foundry India Pvt. Ltd. is an India-based manufacturer of engines, engine parts, and mounts for the automotive industry. Major players in the automotive engine and engine mounts market are Mitsubishi Heavy Industries Ltd., Cummins Inc., Continental AG, Y-Tec India Pvt Ltd., Trinity Auto Engineering Pvt Ltd., Scania AB, Hutchinson SA, Cooper Standard Automotive Inc., Trelleborg AB, Toyo Tire U.S.A. Corp, BWI Group , S M International, Sumitomo Riko Company Limited, Yamashita Rubber Co Ltd., and WanLi Topshine Europe was the largest region in the automotive engine and engine mounts in 2022. The regions covered in this automotive engine and engine mounts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the automotive engine and engine mounts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The automotive engine and engine mount market consist of sales of transmission mounts, metal motor mount, electronic engine mounts, and polyurethane motor mounts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global automotive engine and engine mounts market is segmented - 1) By Product Type: Elastomer Mounts, Active Hydraulic Mounts, Passive Hydraulic Mounts, Electrohydraulic Mounts 2) By Fuel Type: Gasoline, Diesel, Hybrid, Natural Gas 3) By Sales Channel: OEM, Aftermarket 4) By End User: SUV, Sedan

Motor vehicle refers to any land vehicle that is not propelled by human muscle power, including cars, motorbikes, autocycles, and slow-moving vehicles. An engine or motor, typically an internal combustion engine, an electric motor, or a hybrid of the two, such as a plug-in hybrid or hybrid electric vehicle, provides the propulsion for the vehicle. The main types in the motor vehicle market are motorcycles and bicycles, passenger cars and commercial vehicles. A commercial vehicle refers to a vehicle that is used for commercial purposes. The various fuel types include gasoline, diesel, and other fuel types. These have an engine capacity of 1000 cc, 1000-1500 cc, 1500-2000 cc, and >2000 cc . These have propulsion types such as ic engines and electric vehicles. The motor vehicle market research report is one of a series of new reports from The Business Research Company that provides motor vehicle market statistics, including motor vehicle industry global market size, regional shares, competitors with a motor vehicle market share, detailed motor vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle industry. This motor vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global motor vehicles market grew from $2398.24 billion in 2022 to $2643.91 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicles market is expected to grow to $3818.12 billion in 2027 at a CAGR of 9.6%. The motor vehicle market is aided by the stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that global GDP growth will be 3.3% in 2020 and 3.4% in 2021. Recovering commodity prices, after a significant decline in the historical period, are further expected to aid the market's 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 developed markets in the forecast period. Stable economic growth is expected to increase investments in the end-user markets, thereby driving the motor vehicle market during the forecast period. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motor 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 breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the 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 a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries-imposed lockdowns. The outbreak is expected to continue to hurt businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle market will recover from the shock over 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 manufacturers, especially car manufacturers, are increasingly focusing on the 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 level 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, in 2021, Huawei revealed its latest innovation at the Munich International Automobile Expo in Germany. The new AR HUD technology is an augmented reality-based system that transforms a car's front windshield into a smart display . Major companies in the motor vehicle market include Volkswagen AG, Toyota Motor Corp, Daimler AG, Ford Motor Co, Honda Motor Co Ltd., Fiat Chrysler Automobiles NV, SAIC Motor Co Ltd., EXOR Group, Bayerische Motoren Werke AG, and Hyundai Motor Co Ltd. Asia-Pacific was the largest region in the motor vehicles market in 2022. North America was the second largest market in motor vehicles market. The regions covered in the motor vehicle parts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa. The countries in the motor vehicles 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 motor vehicle market consists of sales of bicycles and parts, motor scooters, other motorcycle and bicycle, hatchback, sedan, utility vehicle, light commercial vehicle, heavy trucks, buses and coaches. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global motor vehicles market is segmented - 1) By Type: Motorcycle And Bicycle, Passenger Car, Commercial Vehicle 2) By Fuel Type: Gasoline, Diesel, Other Fuel Types 3) By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc 4) 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

A passenger car is a road motor vehicle that is used to transport people and has a maximum seating capacity of nine people (including the driver). The main types in the passenger car market include hatchbacks, sedans, and utility vehicles. A hatchback is referred to as a car that is configured with a swing to provide access to a cargo area. The various fuel types include gasoline, diesel, and others. The various engine capacities are 1000 cc, 1000-1500 cc, 1500-2000 cc, and >2000 cc. The various propulsion types include IC engines and electric vehicles. The passenger car market research report is one of a series of new reports from The Business Research Company that provides passenger car market statistics, including passenger car industry global market size, regional shares, competitors with a passenger car market share, detailed passenger car market segments, market trends and opportunities, and any further data you may need to thrive in the passenger car industry. This passenger car market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global passenger car market grew from $1506.73 billion in 2022 to $1657.79 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The passenger car market is expected to grow to $2372.13 billion in 2027 at a CAGR of 9.4%. 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. Major companies in the passenger car market include Toyota Motor Corp, Volkswagen AG, Honda Motor Co Ltd., Ford Motor Co, Fiat Chrysler Automobiles NV, Hyundai Motor Co Ltd., EXOR Group, Nissan Motor Co Ltd., Daimler AG, and SAIC Motor Co ltd. Asia-Pacific was the largest region in the passenger car market in 2022. Western Europe was the second-largest region in the passenger car market. The regions covered in the passenger car market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the 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 passenger car market consists of sales of pickup trucks, compact cars, and minivans. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global passenger car market is segmented - 1) By Type: Hatchback, Sedan, Utility Vehicle 2) By Fuel Type: Gasoline, Diesel, Other Fuel Types 3) By Engine Capacity: <1000 cc, <1000-1500 cc, <1500-2000 cc, >2000 cc 4) By Propulsion Type: IC Engine, Electric Vehicle

A commercial vehicle is a vehicle with a license to transport goods or materials rather than people. A commercial vehicle is used for commercial or business purposes. The main types in the commercial vehicle market include light commercial vehicles, heavy trucks, buses, and coaches. Light commercial vehicles refer to vehicles that are no more than 3.5 metric tons. The various fuel types are gasoline, diesel, and other fuel types. The various propulsion types include IC engines and electric vehicles. Commercial vehicles are used in mining and construction, logistics, passenger transportation, and other applications. The commercial vehicles market research report is one of a series of new reports from The Business Research Company that provides commercial vehicle market statistics, including commercial vehicle industry global market size, regional shares, competitors with a commercial vehicle market share, detailed commercial vehicle market segments, market trends and opportunities, and any further data you may need to thrive in the commercial vehicle industry. This commercial vehicle market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global commercial vehicle market grew from $819.24 billion in 2022 to $908.43 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The commercial vehicle market is expected to grow to $1345.23 billion in 2027 at a CAGR of 10.3%. 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 in 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 COVID-19 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 breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Transportation manufacturers depend heavily on the 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 a lack of parts and components. Also, sales of new automobiles decreased significantly due to a decline in consumer demand as many countries imposed lockdowns. The outbreak continues to hurt businesses throughout 2020 and into 2021. However, it is expected that the commercial vehicle market will recover from the shock over 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 can sense their surrounding environment and navigate through an area without the involvement of humans using radar, GPS, and computer vision technology. With this technology becoming realistic, many companies are expected to be part of the production and design of driverless vehicles. Companies such as UPS and Amazon are testing driverless commercial vehicles to improve operational efficiencies and reduce costs. Major companies in the commercial vehicles market include Volkswagen AG, Daimler AG, Toyota Motor Corp, Peugeot, General Motors Co, Ford Motor Co, SAIC, Motor Co Ltd., Volvo AB, Bayerische Motoren Werke AG, and Kia Motors Corp. North America was the largest region in the commercial vehicles market in 2022. Asia-Pacific was the second-largest region in the commercial vehicle market. The regions covered in the commercial vehicles market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the motorcycle, bicycles, and 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, and Vietnam. The commercial vehicle market consists of sales of trucks, buses, trailers, taxis, heavy equipment, trailers, and travel trailers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global commercial vehicle market is segmented - 1) By Type: Light Commercial Vehicle, Heavy Trucks, Buses And Coaches 2) By Fuel Type: Gasoline, Diesel, Other Fuel Types 3) By Application: Mining & Construction, Logistics, Passenger Transportation, Other Applications 4) By Propulsion Type: IC Engine, Electric Vehicle

Motor vehicle and parts dealers refers to merchants that sell automobiles, other motor vehicles, automotive parts, accessories, and tyres to ultimate users. The companies in the industry typically operate from showrooms where vehicles and related parts are displayed. The major types of motor vehicle and parts dealers are auto parts and accessories, automobile dealers, and other motor vehicle dealers. An automobile dealership is a retail establishment that sells, rents, or leases new or used automobiles. Retail chain and independent retailer ownership is managed through exclusive retailers/showrooms and inclusive retailers/dealer stores. The motor vehicle and parts dealers market research report is one of a series of new reports from The Business Research Company that provides motor vehicle and parts dealers market statistics, including motor vehicle and parts dealers industry global market size, regional shares, competitors with a motor vehicle and parts dealer market share, detailed motor vehicle and parts dealer market segments, market trends and opportunities, and any further data you may need to thrive in the motor vehicle and parts dealers industry. This motor vehicle and parts dealers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global motor vehicle and parts dealers market grew from $4,562.94 billion in 2022 to $4,929.73 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motor vehicle and parts dealers market is expected to grow to $6,467.01 billion in 2027 at a CAGR of 7.0%. Motor vehicle and parts dealers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for motor vehicle and parts dealers to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the motor vehicle and parts dealers 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 breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the motor vehicle and parts dealers market will recover from the shock over 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 dealers are increasingly offering unique experiences and features to meet customer expectations. Experiential retail refers to a store that offers consumers a chance to buy an experience rather than just an object or service. This trend is driven largely by millennials and their preference for experiences over things. These stores often use technology such as augmented reality and combine traditional elements with mobile apps and activities. For instance, car brand Audi has integrated a virtual reality (VR) experience in their showrooms to attract potential customers. The company designed the VR experience to present its vehicles to potential customers in a more personalized and engaging manner while solving the issue of smaller dealerships being unable to stock more than five cars. Major companies in the motor vehicles and part dealers market include Penske Automotive Group Inc., AutoNation Inc., CarMax Inc., AutoZone Inc., Lithia Motors Inc., O'Reilly Automotive Inc., Group 1 Automotive Inc., Jardine Cycle & Carriage Limited, Advance Auto Parts Inc., and Sonic Automotive Inc. Asia-Pacific was the largest region in the motor vehicle and parts dealers market in 2022. North America was the second-largest region in the motor vehicle and parts dealers market. The regions covered in the motor vehicle and parts dealers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the motor vehicle and part dealers 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, and Vietnam. The motor vehicle and parts dealers’ market includes revenues earned by entities by OEM and aftermarket part dealers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global motor vehicle and parts dealers market is segmented - 1) By Type: Auto Parts And Accessories, Automobile Dealers, Other Motor Vehicle Dealers 2) By Ownership: Retail Chain, Independent Retailer 3) By Type of Store: Exclusive Retailers/Showroom, Inclusive Retailers/Dealer Store