The motor vehicles market is forecasted to grow by USD 1477.6 bn during 2023-2028, accelerating at a CAGR of 8.64% during the forecast period. The report on the motor vehicles market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing urban population, increasing demand for fuel-efficient and low-emission vehicles, and growth in production volume of passenger vehicles.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
6.99%
CAGR
8.64%
Incremental Value
$1477.6 bn
Technavio's motor vehicles market is segmented as below:
By Vehicle Type
Passenger cars
Commercial vehicles
By Propulsion
ICE
Electric
Hybrid
By Geographical Landscape
APAC
Europe
North America
Middle East and Africa
South America
This study identifies the technological advances in evs as one of the prime reasons driving the motor vehicles market growth during the next few years. Also, increasing vehicle connectivity and shared mobility and emergence of subscription-based ownership models will lead to sizable demand in the market.
The report on the motor vehicles market covers the following areas:
Motor vehicles market sizing
Motor vehicles market forecast
Motor vehicles market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motor vehicles market vendors that include Bayerische Motoren Werke AG, Beijing Automotive Group Co. Ltd., BYD Co. Ltd., China FAW Group Co. Ltd., Dongfeng Motor Group Co. Ltd, Ford Motor Co., General Motors Co., Guangzhou Automobile Group Co. Ltd, Honda Motor Co. Ltd., Hyundai Motor Co., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Porsche Automobil Holding SE, Renault SAS, SAIC Motor Corp. Ltd., Stellantis NV, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Zhejiang Geely Holding Group Co. Ltd.. Also, the motor vehicles market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Vehicle Type
Executive Summary - Chart on Market Segmentation by Propulsion
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Motor Vehicles Market 2018 - 2022
Historic Market Size - Data Table on Global Motor Vehicles Market 2018 - 2022 ($ billion)