Industry Overview
To prosper in this market, firms are required to deal with this shifting demand along with price-efficient solutions while fulfilling the ecological norms and propelling economic pressure. Organizations also require to assess other relevant segments, like lubricant segments and fuel segments, to assure the feasibility of the automotive and transportation sector.
The worldwide economic downturn in the year 2009 adversely affected the automotive and transportation sector. This in turn, affected the aftermarket industry, which was observed in the slow development of these automotive and transportation markets of USA and Europe. But the enhancements in the gross domestic product across the globe stimulated favorable forecasts for this industry all around the world. The universal automotive and transportation market is benefitted from a big amount of universal vehicles fleet, which provides good prospects for substitutes and repairs. Greater use of aftermarket components will prove significant in assisting customers to maintain their vehicles for an elongated time.
Automotive original device producers are required to continuously respond to shifting customer demand on the performance of the vehicles. It also incorporates pioneering and reliable technique which supports security and increases fuel efficacy.
The automotive and transportation industry will observe healthy growth and expansion in the future. The automotive and transportation market of the Asia Pacific zone is predicted to evolve as a market leader in the future owing to heavy demand for automotive parts, high industry potential for growth, and cost-effective production processes in this zone. Further, in nations like India and China, original device producers heavily focus on enhancing reliable supply chains to increase their own accomplishments around the industry. In addition to this, the growing significance of electronic equipment and the operational incorporation of green parts and sustainable items will further enhance industrial growth and expansion.
The automotive and transportation market by vehicle type includes different kinds of vehicles like military vehicles, passenger cars, buses, commercial vehicles, heavy trucks, mining vehicles, two-wheeled vehicles, specialty vehicles, and three-wheeled vehicles. The automotive and transportation sector by vehicle kind is led by passenger car vehicles, succeeded by commercial car vehicles.
Vehicles running or operating or functioning on gasoline fuel are leading the Asia Pacific Zone, while vehicles running on diesel reign supreme in the European zone. Vehicles functioning on natural gas, electricity, and batteries will gain importance in the future due to its cost efficacy. On the other hand, the presence of hybrid vehicles is established greater in the sub-continent of North America, the continent of Europe, and Japan.
Advanced Materials Aerospace & defense Agriculture Automation & Process Control Automotive & Transportation Banking & Financial Services Biotechnology Building & Construction Chemicals Cloud Computing Communications Devices and Infrastructure Consumer Goods Country Reports Cyber Security Data Center & Networking Energy Energy Utilities Food & Beverage Healthcare Industrial Goods Industry Updates Information and Communications Technology IT & Telecom Medical Devices Mining, Minerals and Metals Networking and Communications Next-Generation Networking Technologies Oil & Gas Outsourcing Services Packaging Pharmaceuticals Regional Reports Semiconductor & Electronics Software & Solutions Technology & Media
-
Train Control And Management Systems Market
The global demand for train control and management systems was valued at USD 3.5 Million in 2022 and is expected to reach USD 6.6 Million in 2030, growing at a CAGR of 8.30% between 2023 and 2030.
-
Automotive Testing and Inspection Market
The market was valued at USD 12.9 billion in 2022 and is expected to reach USD 16.74831749 billion in 2030.
-
Trencher Market
The Trencher market exhibited robust growth with a Compound Annual Growth Rate (CAGR) of 3.32% from 2023 to 2030, reaching revenue of USD 847.56 million in 2030.
-
Automotive Diagnostic Scan Tools Market
The worldwide automobile diagnostic scan tools marketplace is projected to witness a significant boom, with revenue predicted to reach USD 43,156.72 million by 2030, representing a CAGR of 6.60% for the forecast duration from 2023 to 2030.
-
Peer-To-Peer Electric Vehicle Charging Market
The global peer to peer electric vehicle charging market has grown steadily in recent years. It is expected to grow at a CAGR of 22.5% between 2023 and 2030.
-
Automotive Sensor Cleaning Systems Market
The global Automotive Sensor Cleaning Systems market has witnessed steady growth in recent years and is expected to grow at a CAGR of 4.50% between 2023 and 2030.
-
Automotive Repair and Maintenance Services Market
The global automotive repair and maintenance services market has grown steadily. It is expected to grow at a CAGR of 5.5% between 2023 and 2030. The market was valued at USD 845.9 Billion in 2022 and is expected to reach USD 1230.5 Billion in 2030.
-
Press Brake Machine Market
The market was valued at USD 0.5 Billion in 2022 and is expected to reach USD 0.8 Billion in 2030.
-
Automated Material Handling Equipment Market
The market was valued at USD 29.8 billion in 2022 and is expected to reach USD 53.4 billion in 2030.
-
Two Wheeler Tire Market
The global two wheeler tire market is anticipated to grow at a substantial CAGR of 3.68% in the upcoming years.