PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1504283
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1504283
Please contact us using the inquiry form for pricing information.
Global Market Insights Inc. offers GMIPulse, a cutting-edge, Business Intelligence (BI)-enabled platform designed to deliver the finest strategic value. GMIPulse offers an adaptable subscription service, customizable to meet your unique needs, providing comprehensive and granular market data, competitive landscape insights, and an in-depth understanding of industry ecosystems. This platform is your go-to solution for all market research needs, ensuring you stay ahead with the latest trends and technological advancements.
The automotive industry is experiencing transformative changes driven by advancements in technology, sustainability initiatives, and shifting consumer preferences. GMIPulse provides in-depth insights into the following key clusters within the automotive industry:
The automotive aftermarket is expected to grow at a CAGR of 5.1% from 2023 to 2030, driven by the increasing age of vehicles on the road and the rising demand for maintenance and repair services. Major segments include replacement parts, accessories, and services. For example, the demand for high-performance tires and advanced automotive lighting solutions is projected to see robust growth due to the emphasis on vehicle safety and aesthetics.
The automotive logistics market is projected to expand at a CAGR of 6.3% from 2023 to 2030, fueled by the globalization of supply chains and the increasing complexity of automotive manufacturing processes. Key services include transportation, warehousing, and supply chain management. Innovations in logistics, such as automated warehousing and real-time tracking systems, are enhancing efficiency and reducing costs.
The market for automotive materials is expected to grow at a CAGR of 4.9% from 2023 to 2030, driven by the demand for lightweight and sustainable materials. Key materials include aluminum, high-strength steel, composites, and advanced polymers. For instance, the use of carbon fiber-reinforced composites is increasing in the production of electric vehicles (EVs) to improve energy efficiency and performance.
The automotive parts market is poised for growth with a CAGR of 5.4% from 2023 to 2030, driven by the increasing demand for advanced and reliable components. Major segments include engine parts, drivetrain components, and electrical systems. The shift towards electric and hybrid vehicles is leading to increased demand for specialized parts such as electric drivetrains and battery systems.
The automotive services market is expected to grow at a CAGR of 5.7% from 2023 to 2030, driven by the rising demand for vehicle maintenance, repair, and customization services. Key services include routine maintenance, diagnostics, and repair. The integration of digital technologies in service centers, such as online booking and diagnostic tools, is enhancing customer convenience and service efficiency.
The automotive technology market is experiencing rapid growth, with a projected CAGR of 8.5% from 2023 to 2030, driven by advancements in connected car technologies, autonomous driving, and EVs. Major technologies include advanced driver-assistance systems (ADAS), infotainment systems, and vehicle-to-everything (V2X) communication. For example, the market for ADAS is expected to expand significantly as automakers integrate features like lane-keeping assist and adaptive cruise control to enhance vehicle safety.
The marine segment within the automotive industry is expected to grow at a CAGR of 4.6% from 2023 to 2030, driven by advancements in marine propulsion technologies and the increasing demand for recreational boating. Key components include marine engines, navigation systems, and safety equipment. The adoption of electric and hybrid marine propulsion systems is gaining traction due to environmental regulations and the need for sustainable maritime operations.
The mobility market is projected to grow at a CAGR of 7.2% from 2023 to 2030, driven by the rise of shared mobility services, electric scooters, and urban mobility solutions. Major segments include ride-sharing, micro-mobility, and mobility-as-a-service (MaaS). Innovations such as electric scooters and bike-sharing programs are transforming urban transportation, offering convenient and eco-friendly mobility options.
The railway industry is expected to grow at a CAGR of 5.9% from 2023 to 2030, driven by the increasing investment in high-speed rail projects and the modernization of existing rail infrastructure. Key components include rolling stock, signaling systems, and rail infrastructure. The adoption of smart rail technologies, such as predictive maintenance and automated train control systems, is enhancing the efficiency and safety of railway operations.
GMIPulse offers unparalleled strategic value through its BI-enabled platform. With its customizable and interactive interface, accurate data, and comprehensive market insights, GMIPulse is your essential tool for staying ahead in the competitive market landscape. Subscribe today to unlock the full potential of your market research and strategic planning capabilities.
Please contact us using the inquiry form for pricing information.