Global Automotive Market, By Region, Companies, Forecast

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Global Automotive Market
Global Automotive Market
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Report Description and Highlights
The automotive industry is an essential economic
criterion, is on the verge of new technologies
and innovations. Moreover, customers' unique and
costly features demand is leading the automotive
industry in the modern era. Globally the
automobile industry is supported by various
factors such as the availability of skilled
labour at low cost, robust RD centres, and
low-cost steel production. According to Renub
Research, Global Automotive Market is expected to
reach 122.83 Million Units by 2030.
Global Automotive Market
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Global Automotive Market
Global Automotive Market 2020 - 2030
Global Automotive Market
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Global Automotive Market
Globally, today consumers use all-purpose
vehicles, whether they are commuting alone to
work or taking the whole family to the beach. The
industry's principal categories include EV, HEV,
PHEV, MHEV, NGV, FCEV, Diesel and Petrol. The
MHEVs represent a technological leap in the
automotive marketvehicles solely based on a
combustion engine. From today's viewpoint,
combustion engine-based powertrains will remain
dominant, at least for the coming
decade. Furthermore, MHEVs are also bringing
higher efficiency and lower running costs to
combustion engines and could therefore provide
promising opportunities for OEMs, suppliers, and
customers until electric powertrains become
ubiquitous. Also, consumers' new habit of using
tailored solutions for each purpose will lead to
specialized vehicles designed for particular
necessities. For instance, the market for a car
mainly built for e-hailing servicesthat is, a
car designed for high utilization, robustness,
additional mileage, and passenger comfortwould
already be millions of units today, and this is
just the beginning. As per this research report,
Global Automotive Industry is expected to grow
with a CAGR of 3.71 from 2020-2030.
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Global Automotive Market
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Global Automotive Market
Our report has covered the regional analysis for
the Americas, Asia Pacific Oceania, Europe and
Middle East Africa. The Asia Pacific is the
largest market due to the growing demand for
passenger cars and fuel-efficient vehicles. The
developments in engine technology are progressing
significantly, accompanying the rising emission
standards across the globe. These factors are
notable patrons to the incremental growth of the
automotive market in the region. Moreover, the
rising adoption of MHEVs in the Asia Pacific is
expected to drive automotive production. In Asia
Pacific countries, winning government incentives
to simplify electro mobility and increased
investments by automakers are expected to drive
the market.
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Global Automotive Market
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Global Automotive Market

• For instance, some of the recent initiatives
  taken by the Government of India are
• In Union Budget 2021-22, the government
  introduced the voluntary vehicle scrappage
  policy, expected to advance the market for new
  vehicles after lifting old unfit vehicles
  currently plying on the Indian roads.
• In February 2021, the Delhi government started
  setting up 100 vehicle battery charging spots
  across the state to expedite the adoption of
  electric vehicles.
• The global automotive market is dominated by
  major players such as Volkswagen, Toyota Motor
  Corporation, Daimler AG, Ford Motor Company and
  Honda Motor Company. These companies offer an
  extensive variety of automotive, fulfilling all
  significant functions in a vehicle. The key
  strategies adopted by these companies to sustain
  their market position are new product
  developments, acquisitions, and partnerships
  expansions. As per this research report,
  Worldwide Automotive Market was valued at 85.32
  Million Units in 2020.

Global Automotive Market
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Global Automotive Market
Coronavirus devastating effect on Global
Automotive Market The coronavirus (Covid-19) pan
demic has induced a decade of expansion in the
global automotive industry to an abrupt
standstill, with sales plummeting in most
markets. As a result, there have been more job
cuts beyond the sector, with plants and suppliers
shutting down in countries where the markets are
slowest to recover. After a disastrous 2020 for
the global automotive sector, an upturn is
expected in 2021, but carmakers worldwide will
demand to seek out growth pockets while pushing
through extensive cost-cutting programmes. The
rivalry among the US and China will continue in
2021. Sanctions and investment restrictions may
even force third-party countries to choose
between the two rivals.
Global Automotive Market
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Global Automotive Market
Renub Research latest report titled Automotive
Market, Global Forecast By Americas (EV Volume,
HEV Volume, PHEV Volume, MHEV Volume, NGV Volume,
FCEV Volume, Diesel Volume and Petrol Volume),
Asia Pacific Oceania (EV Volume, HEV Volume,
PHEV Volume, MHEV Volume, NGV Volume, FCEV
Volume, Diesel Volume and Petrol Volume), Europe
(EV Volume, HEV Volume, PHEV Volume, MHEV Volume,
NGV Volume, FCEV Volume, Diesel Volume and Petrol
Volume), Middle East Africa (EV Volume, HEV
Volume, PHEV Volume, MHEV Volume, NGV Volume,
FCEV Volume, Diesel Volume and Petrol Volume),
Company (Volkswagen, Toyota Motor Corporation,
Daimler AG, Ford Motor Company and Honda Motor
Company)" provides a detailed analysis of Global
Automotive Market.
Global Automotive Market
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Global Automotive Market
Global Automotive Market has been covered from 4
viewpoints 1.    Americas 2.    Asia Pacific
Oceania3.    Europe 4.    Middle East
Africa Americas Global Automotive Volume has
been covered from 8 viewpoints 1.    Electric
Vehicle 2.    Hybrid Electric Vehicle3.  
 Plug-in Hybrid Electric Vehicle 4.    Mild
Hybrid Vehicle5.    Natural Gas Vehicle 6.  
 Fuel Cell Electric Vehicle7.    Diesel
Vehicle 8.    Petrol Vehicle Asia Pacific
Oceania Global Automotive Volume has been
covered from 8 viewpoints 1.    Electric
Vehicle 2.    Hybrid Electric Vehicle3.  
 Plug-in Hybrid Electric Vehicle 4.    Mild
Hybrid Vehicle5.    Natural Gas Vehicle 6.  
 Fuel Cell Electric Vehicle7.    Diesel
Vehicle 8.    Petrol Vehicle
Global Automotive Market
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Global Automotive Market
Global Forecast For Automotive Volume Share () -
by Europe (2021 - 2030)
Source Renub Research Analysis Note
These are dummy figures actual data given in the
report
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Global Automotive Market
Europe Global Automotive Volume has been
covered from 8 viewpoints 1.    Electric
Vehicle 2.    Hybrid Electric Vehicle3.  
 Plug-in Hybrid Electric Vehicle 4.    Mild
Hybrid Vehicle5.    Natural Gas Vehicle 6.  
 Fuel Cell Electric Vehicle7.    Diesel
Vehicle 8.    Petrol Vehicle Middle East
Africa Global Automotive Volume has been
covered from 8 viewpoints 1.    Electric
Vehicle 2.    Hybrid Electric Vehicle3.  
 Plug-in Hybrid Electric Vehicle 4.    Mild
Hybrid Vehicle5.    Natural Gas Vehicle 6.  
 Fuel Cell Electric Vehicle7.    Diesel
Vehicle 8.    Petrol Vehicle
Global Automotive Market
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Global Automotive Market
Company Insights     Overview    Recent
Development Strategies    Financial
Insights Company Analysis 1.  
 Volkswagen2.    Toyota Motor Corporation 3.  
 Daimler AG 4.    Ford Motor Company5.    Honda
Motor Company 
Global Automotive Market
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Global Automotive Market
Global Automotive Market
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Global Automotive Market