Automotive Market in India size was accounted for 3.73 Mn Vehicles in 2021. Two Wheelers, one of the segments reviewed in our report is dominating the market.
Automotive Market Overview
The market overview focuses on analyzing the dynamics of the Automotive industry, including its key players and market rivalry. The report provides revenue forecasts for the industry at the global, regional, and segment levels, with a particular emphasis on sales forecasting by segment and region. This comprehensive analysis allows for a detailed understanding of the market's current state and future trends, providing valuable insights for industry stakeholders.
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Automotive Market Report Scope and Research Methodology
The report on Automotive Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Automotive market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the Automotive industry at local, regional and global level. Segment wise marker share estimation & Industry potential is also covered.
The Automotive Market was analysed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The new entrants & existing players in Automotive market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Automotive market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the Automotive market size.
Automotive Market Regional Insights
The report provides a comprehensive examination of the factors driving growth, constraints, future prospects, and competitive landscape across all regions. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one..
Automotive Market Segmentation
Two-wheelers and passenger cars dominate the local Indian auto market. The most common passenger cars are little and midsize ones. With combined sales of about 20.1 million vehicles in FY20, two-wheelers and passenger automobiles held 80.8% and 12.9% of the market share, respectively. From FY16 to FY20, total auto exports grew at a CAGR of 6.94%, reaching 4.77 million vehicles in 2020. Two-wheelers made up 73.9% of all transported vehicles, while passenger cars made up 14.2%, three-wheelers made up 10.5%, and commercial vehicles made up 1.3%. Over 20.1 million vehicles totaled the combined sales of vehicles in FY20. In April 2021, the number of two-wheelers sold was 995,097, whereas the number of passenger vehicles sold was 261,633.
Automotive Market Key Players
• Tata Motors Ltd
• Maruti Suzuki India Ltd
• Mahindra & Mahindra Ltd
• Hero MotoCorp Ltd
• Bajaj Auto Ltd
• Ashok Leyland Ltd
• TVS Motor Company Ltd
• Eicher Motors Ltd
• Force Motors Ltd
• SML ISUZU Ltd.
• Honda Motor Co., Ltd.
• Hyundai Motor India
• Daimler AG
• Piaggio & C.S.p.a.
• Toyota Motor Corporation
• Volkswagen AG
• AB Volvo
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Key questions answered in the Automotive Market are:
- What is Automotive ?
- What are the factors driving the Automotive Market growth?
- What are the factors are limiting the Automotive Market growth?
- What was the Automotive market size in 2021?
- Which trends are expected to generate additional revenue for the Automotive market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automotive Market?
- What growth strategies are the players considering to increase their foothold in the Automotive Market?
- Who held the largest market share in the Automotive Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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Bio based PET - MARKET ADVISORY SERVICES
Bio-based PET is a biomass-derived fully recyclable, biodegradable, compostable, and renewable bioplastic material.
The material is composed of 30% plant-derived ethanol glycol and 70% fossil-derived terephthalic acid (TPA).First of all the reason for growth of Bio based PET market is that bioplastics, increasing research and development (R) activities by key players in the packaging industry, and rising environmental issues caused by synthetic PET products.
Second growing concerns regarding greenhouse gasses coupled with the emergence of bioplastics as an alternative in the packaging and automotive industry are expected to play a major role in driving growth in the near future.
Furthermore, increasing importance of sustainable packaging, especially in China and India, is expected to have a positive impact on market demand over the few years.
In 2017, the market size of Bio-based PET is 5000 million US$ and it will reach 7980 million US$ in 2023, growing with a CAGR of 10% from 2017.
GEODIS today announced that it has appointed Jürgen Adler as the head of the automotive market, one of the strategic vertical markets in which GEODIS is seeking to expand.Jürgen Adler, age 43, is a German national and holds a degree in Transport and Logistics from the University of Bonn.
He has more than 25 years experience in the logistics and transport sector of the automotive industry.Speaking several languages, he has worked on five continents, principally in Germany, France, China and the United States.His aim will be to address the specific expectations of the sector, which is currently facing significant structural changes as well as ongoing supply chain disruptions, in a sector where “just-in-time” is a standard.
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An automotive switch typically serves to control electronic circuits which are part of the electromechanical switches present in automobiles.
Quite recently, Fact.MR has published a study which reveals a steady growth trend for the automotive switches market that are influenced by projecting trends dominant in the automotive industry.
Some of the prime market influencers active in the global automotive switches market are swelling demand for electronic components in automobiles, rising preference for comfort and luxury in automotive interior as well as development of electro-mobility.
Request Sample Report- https://www.factmr.com/connectus/sample?flag=S_id=1911According to this Fact.MR report, the automotive switches market is projected to witness a volume CAGR of 4.2% during the forecast period until 2028.
The coming years are likely to experience increase in vehicle production, thereby, promoting the demand for auto parts that directly contribute to the sales of automotive switches; it is estimated that automotive switches sales will escalate by a volume of 4,207.6 Million units by 2028 end.Passenger Car Segment to Dominate Automotive Switches Market Share The passenger cars segment in the automotive switches market is anticipated to register prominent demand with close to 1.45x growth in sales volume during the forecast period.
Although compact passenger car sub-segment governs the automotive switches demand, SUV sub-segment is forecasted to rise at a prominent volume CAGR of 4.8% until 2028.Request Research Methodology- https://www.factmr.com/connectus/sample?flag=RM_id=1911Furthermore, escalating preference for sport utility vehicles and stable launch of new SUV models can be accredited to this development of the SUV sub-segment from the automotive switches market.Europe and China Serve as Promising Markets for Automotive SwitchesOn the basis of value, Europe and China are likely to witness a close competition as they together capture over half of the total global revenue.
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