Market share automobile industry europe 1. 7 million in 2025 and a market share of 22. 96 (USD Billion) till 2034, at a CAGR (growth rate) is expected to be around 4. 0%. Oct 3, 2024 · Europe has long been a pivotal force in the global automotive industry, renowned for being the birthplace of the automobile and subsequent innovations. Automotive Industry to Hold a Significant Market Share. If you want to skip our analysis of the European automobile industry, you can go directly to 5 Biggest European Car Companies. Mar 30, 2022 · The Automobile Industry Pocket Guide 2024/2025; New car registrations: +0. Germany, France, and the United Kingdom are the leading automotive markets in Europe, accounting for a significant share of sales and production. The car industry accounts for 1% of total euro area employment and 4% of extra-euro area exports. European auto manufacturers, united in ACEA, therefore call on the EU institutions to come forward with urgent relief measures before new CO2 targets for cars and vans come into effect in 2025. 8% in 2024; battery-electric 13. 5% in the second quarter of 2020 to 7. Europe Automotive Lightweight Car analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Jan 7, 2025 · The European Automobile Manufacturers’ Association, or ACEA, unites Europe’s 16 major car, truck, van and bus makers. For decades, the industry has been an important contributor to Europe’s economic growth, innovation, and prosperity, accounting for almost 7 percent of the region’s GDP and being directly or indirectly responsible for employing almost 14 million people. A, Recaro Group and Grammer AG are the major companies operating in this market. Jul 26, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 7% from 2024 to 2031. 84 billion in 2025 and grow at a CAGR of 5. 4 Research and development and Regional expansion Sep 30, 2022 · New car registrations: -18. 1%, petrol 36. 5% from December 2017 to December 2020. BEV market share is expected to rise to an estimated 16. The automotive industry stands at a pivotal point, facing both significant challenges and unprecedented opportunities. 88 billion by 2029. The European car loan market is experiencing substantial growth driven by increasing consumer interest in luxury vehicles and new car models. The industry accounts for % of European manufacturing value added8 . The report provides data on new vehicle registrations, technologies, fuel consumption, and tailpipe emissions, and offers insights on long-term trends Mar 8, 2024 · ACEA’s Economic and Market Report provides data on car sales, production, and trade in Europe and globally. UK, Germany, Spain, Italy, France, Czech Republic, and Russia are the major countries contributing to the market as these countries are among the leading automotive manufacturers across the globe. Throughout 2020, the European passenger car market posted a significant decline (-20. KGaA, Marelli Holdings Co. The global automotive market size was valued at USD 2085. 4% of all new cars sold. The Europe Automotive LED Lighting Market is expected to reach USD 2. 08 million, up 0. 6% market share; Letter to EU leaders: Boosting Europe’s automotive competitiveness for renewed economic growth The Europe Automotive Interiors Market is expected to reach USD 69. 2. Moreover, Germany has been recognized worldwide as an Innovation hub for the automotive industry, as all major automobile manufacturers have a presence in the country. automotive industry had several good years between 2015 and 2018, Market share of leading Chinese car manufacturers 2011; French passenger car exports outside Western Europe 1997 As gas prices rose throughout 2021 and 2022, EV market share steadily rose, eventually eclipsing 8. 78 billion by 2029. Aug 29, 2024 · The diesel car market saw a decline of 10. 2-liter Internal Combustion engine powertrain, thus transforming the car brand into an MHEV, containing e-Hybrid features from Stellantis’s latest mild-hybrid tech. Further, the German aftermarket car parts held the largest market share, and the UK Automotive AfterMarket Industry was the fastest-growing market in the European Region. 65 Billion in 2024, exhibiting a compound annual growth rate (CAGR) of 6. Mar 21, 2024 · having long focused on their established strengths, European auto incumbents arrived late to the EV game and are struggling to produce affordable models profitably (EVs still cost 27% more than gasoline cars). The Automotive Market size in Europe was valued at USD 16. An industry consisting of a wide range of businesses and organizations involved in the design, development, manufacture, marketing, and sale of automobiles. 5 million units, indicating a strong consumer appetite for vehicle purchases. 5% in 2023, and projections indicate that this could rise to nearly 10% by 2034, with more than 1. 7% in June 2022) and positioned battery-electric cars as the third most popular choice among new car buyers, overtaking diesel for the first time. 3% in June 2024; battery electric 14. 2023 Chapter 4. 8% from the prior year. That marks a notable increase to the EV market share in the United States that remained relatively consistent around 1. 26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4. 2% in July 2024; battery electric 12. While the industry faces challenges such as reaching cost parity for EVs and developing charging infrastructure, it also stands on the brink of transformative changes. We are the voice of the auto industry: a technological world leader and the backbone of the EU economy. Automotive Wheel Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) Automotive Wheel Rims Market Report is Segmented by Vehicle Type (Passenger Car and Commercial Vehicle), Material Type (Steel, Alloy, and Carbon Fiber), Sales Channel (OEM and Aftermarket), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). 31 billion by 2030. As per MRFR analysis, the Automotive OEM Market Size was estimated at 39. 28 billion by 2032, expanding at 5. 3% in August 2024; BEV market share down by almost one third; The Automobile Industry Pocket Guide 2024/2025; New car registrations: +0. Sep 28, 2023 · The latest edition of ACEA’s Automobile Industry Pocket Guide reaffirms the European industry’s steadfast global leadership in R&D investment despite the uncertain regulatory and economic climate. BYD Company Ltd. 9%, contributing to a 13. Statistics for the 2025 Europe Automotive Display market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Jan 20, 2025 · AUTOMOTIVE MARKET REPORT OVERVIEW. 9 million last year to 2. . 63 billion in 2022. 2% during the forecast period. 6% market share; Act now to prevent irreparable damage to competitiveness as EV growth sluggish and trade Germany Automotive 3PL Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Report Covers Automotive Supplier Companies in Germany and it is segmented by service (transportation, warehousing, distribution, inventory management, and other services) and by type (finished vehicles and auto components). The automotive sector provides direct and indirect jobs to 13. Ford Motor Company, General Motors Company, Nissan Motor Co. 3%, diesel 86% of market share 2022 New trucks by fuel (EU) electric 0. Nov 13, 2024 · New car registrations: -18. 3 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4. The Automotive Industry market Size was valued at USD 3812. 8% lower than the same period in 2023 with market share falling to 13. It is among the largest markets for passenger cars in the world. The EU automotive industry employs . These manufacturers are threatening both market share and Europe’s strategic autonomy. 86 billion by 2032, exhibiting a CAGR of 14. The European automotive motors market is projected to grow at a significant CAGR of 9. Europe accounts for the largest market share and is estimated to grow at a CAGR of 16. The Europe Auto Loan Market is expected to reach EUR 416. , OSRAM GmbH. 26 Billion in 2023 and the total Automotive Market in Europe revenue is expected to grow at a CAGR of 8. 49 billion by 2032, exhibiting a CAGR of 2. This substantial market position is primarily driven by the rapid growth in e-commerce and logistics services across Europe, with major players like Amazon, DHL, and other delivery services Nov 18, 2022 · In this article, we will discuss the 15 biggest European car companies. 6% in H1 2024; New car registrations: +4. 8 million Europeans, representing 6. Our members keep Europe on the move, providing diverse solutions for moving people and goods from A to B. 9% during the same period. 42% between 2023 and 2030. 26% in 2023. , Chinese brands and Tesla) are in a much more favorable position and are therefore cutting corners. 4 percent. The Europe EV Battery Pack Market is expected to reach USD 30. View in Article The automotive industry contributes a significant share to the value added of the euro area economy. 7%) and France (+10. 3 million units in 2024. 4% market share,” July 18, 2024. Jan 15, 2025 · Automotive industry - Europe, Growth, Manufacturing: The period from 1919 to 1939 also brought significant growth in automobile manufacturing in Europe, though on a considerably smaller scale than in the United States. 99 billion in 2023 and is projected to grow from USD 31. 5% in January 2023), while hybrid-electric cars commanded a share of nearly 30%, solidifying their position as the second most preferred choice among EU car buyers. 55% to reach USD 3. The Europe Automobile Industry market industry is projected to grow from USD 1210. 78 billion in 2022 and is projected to touch USD 2746. There were double-digit percentage gains in most markets during this seven-month period, including the four largest: Spain (+21. 3%. However, as new CO2 tailpipe limits for cars and vans come into effect in 2025, auto makers alone bear the damaging consequences if targets are missed. View in Article; European Automobile Manufacturers’ Association, “Auto industry concern on 2025 CO2 targets as EV market stagnates,” Sept. Online Gambling Market Europe Automotive Display Industry Report . are the major companies operating in the market. Jul 19, 2023 · Electric cars. 77% during the forecast period 2023 to 2033. 55 Billion. Jul 18, 2024 · The diesel car market saw a similar situation, with a slight decline of 0. European OEMs have consistently set the standard for designing and engineering safe and fuel-efficient vehicles; advanced vehicle safety features have helped to make European roads some of the safest in the world, while the region has Oct 21, 2024 · The new players in the automobile industry (i. 04% to reach USD 3758. The Volkswagen Group had an overall European market share of 25. 9% to reach 10. 73% to reach USD 46. 20% to reach USD 16. The share of the car industry in the manufacturing sector’s real value added amounts to 10% and the share in real GDP is slightly below 2%. The Automotive OEM Market Industry is expected to grow from 40. The combined share of petrol and diesel vehicles dropped to less than half the market, at 48. 3% in August 2024; BEV market share down by almost one third; Industry calls for swift adoption of Weights and Dimensions Directive revision; The Automobile Industry Pocket Guide 2024/2025; New car registrations: +0. 7% market share. Jan 4, 2024 · Automotive manufacturers' estimated market share in the U. 4%, it was second only to Volkswagen. Sep 19, 2024 · A continuous trend of shrinking market share for battery electric cars in the EU sends an extremely worrying signal to industry and policymakers. The market share of battery electric vehicles more than doubled – from 3. 1%, resulting in a 12. Additionally, we urge the European Commission to bring Mar 21, 2024 · Electric cars. The combined market share of petrol and diesel cars totalled almost 50% in January 2024, marking In December 2023, the VW brand's share of new-car registrations in the European Union stood at around 11. EV market is expected to grow significantly Jan 21, 2025 · In December, their market share stood at 15. 3% of market share 2022 TRADE Motor vehicle exports (extra-EU) €171. 4%) and EFTA countries (-16. 6% share for the full year, again surpassing diesel, which declined to 11. 1% from 24. 28 (USD Billion) in 2024. Oct 4, 2024 · Conclusion: The Future of the Automotive Industry. Jun 21, 2023 · Electric cars. 9%), Italy (+20. Mar 7, 2024 · According to Cognitive Market Research, the global Automotive Spare Parts market size was estimated at USD 668154. 3%, while hybrid-electric cars strengthened their second position, commanding a 30. 1 “Automotive industry,” Directorate-General for Internal Oct 2, 2023 · Shared vision on future development of vehicle-to-everything in the European Union; Daimler Buses’ Till Oberwörder to lead Board of Europe’s bus and coach manufacturers; New car registrations: +0. This equates to a market share of 13. A are the major companies operating in this market. 6%). May 18, 2023 · New car registrations: -18. 67 Billion in 2023 and the Worldwide Automotive Industry Market Size is expected to reach USD 6,861. 6%, diesel 96. Europe Automotive Logistics Industry Overview. The need for sensors in the automotive industry may increase significantly due to rising auto sales owing to the rising per capita income in emerging nations, EV adoption Oct 24, 2024 · U. The passenger car segment dominates the market, followed by commercial vehicles and electric vehicles. 4% of market share 2022 New vans by fuel (EU) electric 5. 55 billion till 2032 from the value of USD 4075. The automobile market value is predicted to grow to around USD 3969. 0 billion in 2033 growing at a CAGR of 32. 55 billion by 2030. 56% to reach EUR 521. 50%. 4 million units, marking a 5. 1% in January 2024; battery electric 10. Jan 20, 2025 · The global automotive software market size was valued at USD 27. Dec 22, 2024 · The European industry remains committed to the EU’s 2050 climate neutrality goal and the shift to zero-emission mobility. Jul 15, 2024 · Is europe dominating the global big data market in the automotive industry? By region, the global big data market in the automotive industry is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. 2. 9%, resulting in a 12. 1% Jan 16, 2025 · Auto industry concern on 2025 CO2 targets as EV market stagnates; The Automobile Industry Pocket Guide 2024/2025; Europe’s EV conundrum: more chargers, sustained market support, smarter policies; Europe’s truck and bus CEOs launch manifesto for zero-emission vehicles as EU inks deal on CO2 reduction rules Auto Loan Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The Auto Loan Market Report is segmented by vehicle type (passenger vehicles, commercial vehicles), by ownership (new vehicles, used vehicles), by end-user (individual, enterprise), by loan provider (banks, OEMs, credit unions, and other loan providers) and by region (North America, Europe, Asia-Pacific, South Nov 21, 2023 · The European Automobile Manufacturers’ Association (ACEA) is the Brussels-based trade association of the 16 major car, van, truck and bus producers in Europe The ACEA commercial vehicle members are DAF Trucks, Daimler Truck, Ford Trucks, Iveco Group, MAN Truck & Bus, Scania, Volkswagen Commercial Vehicles, and Volvo Group Mar 7, 2024 · The U. 03 billion by 2030. 2 Million out of which Europe market of more than 30% of the global revenue with a market size of USD 200446. While Germany experienced a gain of 12. 9%. 2%, up from 2023 market share of 12. The Europe Automotive Logistics Market is Fragmented, the market is expected to grow during the forecast period due to the growing demand for electric vehicles, an increase in exports of automotive components, and many other factors that are driving the market. The Europe Automotive Finance Market is expected to reach USD 33. 9%) saw significant double-digit gains, while registrations in Germany declined by 15. Germany’s market was relatively steady, with a tiny 0. Make better business decisions, faster with IBISWorld's industry market research reports, statistics, analysis, data, trends and forecasts. 66% CAGR between 2023 and 2032. tells WardsAuto the European auto industry must work together Shared vision on future development of vehicle-to-everything in the European Union; Daimler Buses’ Till Oberwörder to lead Board of Europe’s bus and coach manufacturers; New car registrations: +0. Asia-Pacific holds leading position in automotive market share in 2023. 86% to reach 3. , SAIC Volkswagen Power Battery Co. 09 billion in 2025 and grow at a CAGR of 9. 4% in 2020 in Europe, while FCA’s market share in the European region came in at only 5. 9%, down from 52. Automobile Care Products Market Overview: The Automobile Care Products Market Size was valued at USD 12. 3% to 760,041 units, starting the new year on a positive note. However, this was largely due to an unusually modest base of comparison in 2022, when the lowest January volume on record was reached. The region’s results were influenced by strong losses in the European Union (23. Capital One Financial Corporation, BNP Paribas SA, Mercedes-Benz Group AG, Ford Motor Company and Societe Generale Group are the major companies operating in this market. The commercial segment dominates the European van market, commanding approximately 93% of the total market share in 2024, valued at 56. China is once again expected to be the world leader in BEV sales, but geographies like Europe and India are expected to have more growth. The Automotive Suspension Market research report classifies Market by share, trend, demand, forecast and based on segmentation. 2023 Oct 31, 2024 · Europe’s automotive industry, which employs nearly 14mn people and accounts for 7 per cent of the EU’s GDP, is confronting a perfect storm. Some of the prominent companies in the European automotive glass market are AGC Inc. The EU has 255 automotive plants assembling vehicles and making batteries and engines. Mar 14, 2024 · The Global Automotive Industry Market Size was valued at USD 3,564. , Ltd. 9%), and Spain (-11. 4% market share; New car registrations: -3% in May 2024; battery The automotive industry is expected to shrink,kicking off a period of decline. 1% (up from 10. Whereas European suppliers have been making an attempt to work with native The Automotive Radar Market size is expected to reach a valuation of USD 87. Oct 24, 2024 But in the year-to-date sales were 5. 79% during the forecast period. 19 billion in 2023 to reach USD 6678. Last month, new registrations of battery electric cars in the EU experienced a significant boost, rising by 70. 12, 2024. 5 % of EU employment in manufacturing. 10%. Adient PLC, Lear Corporation, Recaro Group, Faurecia and Groclin S. Premium Statistic Toyota Motor Corporation: net revenue 2012 Passenger car market in Europe Automotive industry in Latin America Jun 1, 2023 · New car registrations: -18. 8%), and the Netherlands (+20. 7% increase from 2021. This resulted in a market share of 15. 2023 Global air traffic - number of flights 2004-2024 Electric vehicle sales globally by model 2023 Oct 22, 2021 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Europe Automotive Display analysis includes a market forecast outlook for 2025 to 2030 and historical overview. , Contemporary Amperex Technology Co. 32 billion in 2025 and grow at a CAGR of 6. 9%) and Germany (+16. -based Neil Winton covers the European Auto industry. 1% market share European Automobile Manufacturers’ Association, “New car registrations: +4. 9% during the forecast period (2024–2032). 6 Billion in 2021. 6% in H1 2024 The European automotive industry continues to be a huge success story but is currently facing strong headwinds: customer trust in the industry has recently suffered in light of the Diesel scandal, revenue pools are shifting strongly towards Asia, new players are entering Mar 14, 2024 · The Global Automotive Industry Market Size was valued at USD 3,564. 4% over the forecast period. The Global Passenger Cars Market is expected to reach USD 2659. Statistics for the 2025 Europe Automotive Lightweight Car market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. New cars by fuel (EU) battery electric 12. 9 Million Units in 2024 to reach 561. 6 million people work in direct manufacturing of motor vehicles, representing 8. 45 Billion by 2033, at a CAGR of 6. 2%, reaching 861,062 units, marking the EU car market’s fourteenth consecutive month of growth. 9 percent in Oct 11, 2024 · The market share of Chinese brands in the region reached 2. 2%, after stagnating in 2024. 9% market share Euro 7: Direct costs 4 to 10 times higher than European Commission estimates, new study reveals 40% to 13. 9% of the market share (up from 9. 6% of market share 2022 New buses by fuel (EU) electric 12. 24 billion in 2025 and grow at a CAGR of 6. The European industry was moving in the same directions as the American industry, toward a mass market for motor vehicles, but it made slower progress for a variety of reasons Exhibit 2 Web <2023> <A road map for Europe’s automotive industry> Exhibit <2> of <6> Global market share of passenger cars, % of sales 1EV new entrants include BYD, GAC Aion, Hozon, Li Auto, Lucid, NIO, Polestar, Rivian, Tesla, and WM. Although PSA Group’s market share in Europe was nowhere near Volkswagen’s market share of 25. Automobile Rental and Leasing Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030) The global automobile rental and leasing market is segmented by Type (Passenger Car Rental , Passenger Car Leasing, Truck, Utility Trailer, Recreational Vehicle Rental and Leasing), by Mode (Offline, Online), by Lease (Open, Close), by End User (Individual, Corporate), and by Region (North Expert industry market research on the Global Car & Automobile Manufacturing (2014-2029). 2%, reaching 158,252 units. Sep 5, 2024 · Automotive manufacturers and suppliers outline must-act priorities ahead of pivotal Strategic Dialogue with EU; New car registrations: +0. 35 billion by 2030. Aug 30, 2023 · Despite indications of the European automotive industry’s recovery from pandemic-related supply disruptions, year-to-date volumes are still 22% lower than in 2019. 45 Billion by 2033, according Automotive OEM Market Overview . 14% to reach USD 55. 1% market share; New commercial vehicle registrations: vans +15%, trucks +3%, buses +28. 2 Strategic development 4. 2 million cars sold in the European market. BP PLC (Castrol), ExxonMobil Corporation, LUKOIL, Royal Dutch Shell Plc and TotalEnergies are the major companies operating in this market. 9%), France (+15. 57 billion Liters by 2030. Oct 8, 2021 · Although the relative share of the European automotive industry is only a few percent of the GDP, and despite the fact that its share of total employment is only about half of its share of the GDP Europe Automotive Glass Industry Overview. 9% market share. 8%. 45 Billion by 2033, according . 1 percent between 2023 and 2024. In February 2024, battery-electric car sales grew by a modest 9% to 106,187 units, maintaining a stable market share of 12%. Feb 21, 2023 · In January 2023, the European Union passenger car market grew by 11. 4. 84 billion by 2030 with a compound annual growth rate (CAGR) of roughly 4. 32% during the forecast period (2025 - 2034). 0% in 2023. Dec 27, 2024 · Chinese brands have expanded their share of the European automotive market from a mere 0. 3%), France (-8. Europe Internal Combustion Engines Market News • November 2023: Jeep, an American car manufacturer, announced that Jeep Avenger, its SUV that debuted in 2022 in Europe as an EV, will now also support a new mildly-electrified 1. 6%), France (-23. 1 US Automotive Market: company market share, 2023; 4. , Stanley Electric Co. 9 billion in 2033 growing at a CAGR of 4. , Toyota Motor Corporation and Volkswagen AG are the major companies operating in the market. 6% share of the market last July. 6%, and petrol/diesel cars decline to 44. e. 8 million The Global Automotive Industry Market Size is expected to reach USD 6,861. K. It produced 14. Jan 29, 2025 · Schmidt Automotive Research expects Western European EV sales to jump from 1. Among the four largest markets, Belgium (+66. Jan 2, 2025 · “Our estimate is that the little growth that we can have on the European market will be taken by the growth of imports, especially Chinese ones,” stated Marc Mortureux, director-general of France’s Automotive & Mobility Trade Platform (PFA) {industry} physique. 7%). The automotive market comprises various companies and The Automotive Suspension Market size is expected to reach a valuation of USD 95. In 2023, the European automotive market demonstrated remarkable resilience with new car registrations surging by 13. (CATL), LG Energy Solution Ltd. Petrol cars retained their lead at 33. In 2022, Germany is Europe's number one automotive market, accounting for around 26% of all passenger cars manufactured and approximately 20% of all new car registrations. 9% during the forecast period (2022 - 2030). 7%), the United K- ingdom (-29. The Automobile Care Products market industry is projected to grow from USD 14. 8%), and Germany Dec 22, 2024 · However, Europe’s auto industry is now grappling with a new and formidable competitor — Chinese electric vehicle (EV) makers. 5 billion in 2023. It also confirms Europe’s burgeoning electric vehicle market, a boost in EU vehicle production, and an uptick in trade. 4%. May 22, 2024 · Last April, battery-electric cars maintained nearly 12% of the EU car market, while hybrid-electrics rose to 29. 00% during the forecast period (2024 - 2032). Looking at data up to December 2024, Germany retained the top spot with 2,80 million sales. 2 As shown on the next page, the U. 9% to reach 129,847 units. 4%, decreases were observed in other major markets like Italy (-18. 8 Million Units by 2033 at a CAGR of 2. Esahaque Eswaramangalam December 15, 2024 Facebook Twitter LinkedIn WhatsApp The automotive industry is crucial for Europe’s prosperity. The Asia-Pacific Automotive AfterMarket is expected to grow at the fastest CAGR from 2023 to 2032. S. Consequently, European automakers are experiencing a notable decline in market share. 8%, and a four-percentage-point increase compared to May 2022. 3 Agreements, partnerships, collaboration, and joint ventures; 4. 9 % from 2024 to 2030, reaching nearly USD 29. 71 billion in 2024 to USD 91. Europe Auto Parts Manufacturing Market Outlook. Europe Automotive Lightweight Car Industry Report . 99 billion in 2025 and grow at a CAGR of 4. 4%, substantial decreases were observed in other major markets like Italy (-24. The automotive industry is a jewel of the European economy. 2 New Product launches; 4. 1%). 1%, driven by significant contributions from key markets like Italy (+24. Jan 27, 2025 · Toyota Motor's European car market share grew by some 13. 45% during 2025-2033. In June, new registrations of battery-electric cars in the EU increased by a significant 66. Following. 75 billion USD. Jan 18, 2024 · As a result, the EU plug-in hybrid electric car market decreased by 7% compared to 2022 and now represents a 7. Santander Consumer Finance, Volkswagen Financial Services, BNP Paribas Personal Finance, ALD Automotive and RCI Banque are the major companies operating in this market. 1% of total EU employment. 5% this year – while plug-in hybrids made up 8. 1 % of total EU employment. 1% during the forecast period. 6% in H1 2024 Nov 27, 2024 · Global automobile market share in 2023, by brand. BCG conducted an in-depth analysis of the European auto industry today and its prospects for the future. This rise in Global Automotive Market Production underscores the growth dynamics in the automotive industry, with the European Union Market Share playing a pivotal role in the broader shift towards electric vehicles. Brands like VW and Mercedes must rethink their strategy in the Chinese market and adapt their offering in Europe and the USA to remain competitive in the face of the rise of electric vehicles. 1 Company market share analysis 4. Sales began to tank mid-March, amid the coronavirus pandemic in Dec 10, 2024 · The 2024/25 edition of European Vehicle Market Statistics offers a statistical portrait of passenger car, light commercial, and heavy-duty vehicle fleets in the European Union from 2001 to 2023. 4% market share Jul 23, 2021 · In the second quarter of 2021, registrations of electrically-chargeable cars continued to expand in the European Union. Automobile Industry Prospective: The global automobile market size in terms of revenue was worth around USD 2810. 3%), and Spain (-2. 2023 Automotive Industry Market Overview: The Automotive Industry is projected to grow USD 6950. Jun 4, 2024 · For example, PSA Group had a market share of just 14. Jan 29, 2025 · New car registrations: -18. While Germany experienced a moderate gain of 1. 6% in H1 2024 Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. Petrol and diesel cars In December 2023 , the EU petrol car market grew by 5. 1% in 2019 to approximately 3% in 2024. Two of the EU’s largest markets saw substantial gains; Italy (+22. Jan 28, 2025 · The European car market is navigating significant global challenges in 2024, with full-year sales reaching 14. 97% between 2025 and 2034. and Valeo are the major companies operating in the market. , Saint Gobain, and Fuyao Group. 72 billion in 2025 and grow at a CAGR of 16. 4% market share The Europe tire market size reached 447. 8 million people (directly and indirectly ), representing 6. Market share in automotive industry of Astra International in Indonesia 2023, by type; Dec 19, 2024 · Annual car sales worldwide 2010-2023, with a forecast for 2024; Monthly container freight rate index worldwide 2023-2024; Automotive manufacturers' estimated market share in the U. 6%), again mainly due to the COVID-19 outbreak in the spring of 2020. and Samsung SDI Co. 4% market share, hybrids grow by 6. 2 Billion in 2022 to USD 21. Automotive is one of the critical industries driving the demand for sensors due to their wide range of applications. 7% share of the market last June. 13 billion by 2030. HELLA GmbH & Co. 9 Billion in 2023 to USD 2241. Demand for cars is falling at home and abroad, while carmakers are navigating a risky and expensive multiyear transition from combustion engines to electric propulsion. 2023 Dec 15, 2024 · In August 2024, Europe's auto market saw BEVs drop to 14. EUROPEAN VEHICLE MARKET STATISTICS 2021/22 1 INTRODUCTION The 2021/22 edition of European Vehicle Market Statistics offers a statistical portrait of passenger car, light commercial, and heavy-duty vehicle fleets sales share (right) in the European Union (EU) and the United Kingdom (UK) from 2001 to 2020. Feb 20, 2024 · In January, battery electric cars accounted for 10. 1% market share; New car registrations: +4. The European automotive glass market is moderately fragmented, with several global players accounting for significant amounts of shares in the market. Jun 14, 2024 · Find the most up-to-date statistics about the passenger car scene in Europe. May 20, 2024 · In 2022, global motor vehicle production reached 85. 1 Acquisitions & mergers; 4. 5–2. 9%), France (+31. Along with higher fuel prices, the EV market Aug 30, 2023 · Exhibit 2 Web <2023> <A road map for Europe’s automotive industry> Exhibit <2> of <6> Global market share of passenger cars, % of sales 1EV new entrants include BYD, GAC Aion, Hozon, Li Auto, Lucid, NIO, Polestar, Rivian, Tesla, and WM. US Automotive Market- Competitive Landscape. May 22, 2024 · Between January and December 2020, passenger car sales in Europe decreased by about 24 percent to roughly 12 million units. Adient PLC, Faurecia, Groclin S. Oct 20, 2023 · In September 2023, new car registrations increased by 9. 3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8. The Europe Automotive Lubricants Market is expected to reach 3. The Automotive Radar Market research report classifies market by share, trend, demand, forecast and based on segmentation. The North America region dominated the automotive software market with a market share of 34. 4 The Europe Automotive Seat Market is expected to reach USD 12. 13. 1% drop compared to September 2022. Sep 5, 2023 · The European automotive industry has been a critical force in the continent’s economy and industrial success for decades, but now the traditional sources of the auto industry’s strength are threatened. Ltd. 6% market share; Letter to EU leaders: Boosting Europe’s automotive competitiveness for renewed economic growth Feb 7, 2023 · Economic and Market Report: Global and EU auto industry – Full year 2023 New car registrations: +12. Key Takeaways: Eurostat's report states that in 2022, the EU had about 253 million registered passenger cars. The Europe auto parts manufacturing market size is projected to grow at a CAGR of 2. 35% to reach USD 94. Mar 5, 2021 · New car registrations: -18. 26 billion Liters in 2025 and grow at a CAGR of 1. 7%, diesel 67. 56 billion in 2025 and grow at a CAGR of 5. In our view, survival cannot be achieved through financial restructuring alone given the foreseeable scenario. 98 (USD Billion) in 2025 to 59. We believe there will be a need for an operational restructuring within the automotive industry. Aug 31, 2023 · Introduction. The transformation Mar 20, 2024 · The automotive market size was at USD 4070.
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