Maximize Market Research's latest report, " Global Automotive Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Automotive Market in India size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 9.49% through 2020 to 2026, reaching US$ XX Mn.
Global Automotive Market Overview
The Indian automotive OEM industry is already in a robust position. Worldwide, it is at the front of many sectors leading in two-wheelers, segment cars, & tractors. The industry aims to nearly triple vehicle sales by 2026, from 26 Million to 65 Million to 76 Million vehicles, through segments. These could be definitive tailwinds for the Indian automotive components industry, which has ambitions of its own by 2026 to double the input to manufacturing GDP with a four-fold development in size & a six-fold development in exports.
The automobile industry in India is the world’s 4th largest. India was the world's 4th leading manufacturer of cars & 7th leading manufacturer of commercial vehicles in the year 2019. Indian automotive industry (including component manufacturing) is estimated to reach US$ XX Bn by 2026. The industry involved Foreign Direct an investment worth US$ 24.5 Bn between April 2000 & June 2020 accounting for ~5 percent of the total FDI. Local automobile production improved at 2.36 percent CAGR between FY16-FY20 with 26.36 Mn vehicles being manufactured in the country in the year 2020. Total, local automobiles sales increased by 1.29 percent CAGR between FY16-FY20 with 21.55 Mn vehicles being sold in FY20.
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Global Automotive Market Major Market 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
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Automotive Market by Types and Applications:
The report has covered the market size by country (regions) for the global Automotive market. Segment by Application. The Automotive Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Automotive Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Automotive Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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