Global Automotive Market By Vehicle Type, By Propulsion Type, By Regional, Competition, Forecast & Opportunities, 2028

Description

The Global Automotive Market achieved a valuation of USD 2,900 billion in 2022 and is poised for substantial growth in the projected timeframe, with a Compound Annual Growth Rate (CAGR) of 3.5% expected through 2028. The Global Automotive Market is a vibrant and multifaceted industry that encompasses the entire lifecycle of motor vehicles, playing a pivotal role in shaping economies, societies, and personal mobility. This market spans the entire spectrum, from design and manufacturing to distribution, sales, and post-sales services, wielding a pivotal influence on global commerce and infrastructure. Encompassing a wide array of vehicle types, including passenger cars, commercial vehicles, and motorcycles, the automotive market addresses diverse transportation needs and preferences. It stands as a hub of innovation, technological advancement, and consumer-centric evolution, with diverse stakeholders, including automakers, suppliers, dealerships, and service providers, contributing to its intricate ecosystem. The market's landscape is molded by a myriad of factors, including ever-changing consumer preferences, economic conditions, environmental regulations, and groundbreaking technological advancements. The ascendance of electric vehicles (EVs), autonomous driving technology, connectivity features, and shared mobility models is triggering transformative shifts in vehicle conceptualization, manufacturing, and utilization. Different regions, such as North America, Europe, Asia Pacific, and emerging economies, each contribute distinct market dynamics, mirroring cultural diversity, regulatory frameworks, and economic circumstances. Challenges such as supply chain disruptions, regulatory intricacies, and the need for robust EV charging infrastructure underscore the industry's continual adaptation to shifting paradigms. As the automotive market continues to evolve, it influences not just transportation, but also urban planning, environmental sustainability, and technological innovation, thereby establishing itself as a cornerstone of modern society's mobility and progress.

Key Market Drivers

Market Overview
Forecast Period	2024-2028
Market Size 2022	USD 2,900 Billion
Market Size 2028	USD 3535.20 Billion
CAGR 2023-2028	3.5%
Fastest Growing Segment	Passenger Cars
Largest Market	Asia Pacific

1. Consumer Preferences and Trends: Evolving consumer preferences exert an ongoing influence on demand for specific vehicle types, features, and technologies. Trends such as electric vehicles (EVs), connectivity, autonomous driving, and sustainability substantially impact manufacturers' strategic directions.

2. Economic Factors: The global economic climate, including GDP growth, income levels, interest rates, and consumer confidence, profoundly shapes vehicle sales. Economic downturns can lead to reduced consumer spending on non-essential items, including vehicles.

3. Environmental Considerations: The automotive sector is undergoing a paradigm shift to address environmental apprehensions. Stricter emissions regulations are propelling the adoption of cleaner technologies, including electric and hybrid vehicles.

4. Technological Advancements: Technological breakthroughs are reshaping the industry, from EVs with extended range capabilities to autonomous vehicles with advanced driver assistance systems (ADAS). Innovation is redefining mobility.

Key Market Challenges

1. Supply Chain Disruptions: The COVID-19 pandemic underscored vulnerabilities in global supply chains, leading to production halts, delays, and inventory shortages, impacting automobile manufacturing and sales.

2. Regulatory Complexity: Navigating intricate regulations related to safety, emissions, and vehicle standards is a challenge for the automotive industry. Adapting to evolving standards necessitates substantial investments in research and development.

3. Infrastructure Readiness: With the rise in EV adoption, the need for robust charging infrastructure becomes apparent. Establishing a comprehensive charging network is pivotal for widespread electric vehicle adoption.

Key Market Trends

1. Electric Vehicles (EVs): The shift towards EVs, driven by environmental concerns and battery technology advancements, is evident. Governments worldwide provide incentives to promote EV adoption, and manufacturers invest substantially in EV research and development.

2. Autonomous Driving: Autonomous vehicles possess the potential to revolutionize transportation, promising enhanced safety, reduced accidents, and transformations in urban planning and commuting patterns.

3. Connectivity and Digitalization: In-car connectivity, infotainment systems, and vehicle-to-vehicle communication are redefining the driving experience. Features such as GPS navigation, smartphone integration, and real-time data are increasingly standard.

4. Shared Mobility: The ascent of ride-hailing services, car-sharing, and subscription models is altering access to transportation. Shared mobility addresses urban congestion and fosters resource-efficient utilization.

Segmental Insights

Vehicle Type Segment: The Passenger Cars segment encompasses an expansive spectrum of vehicles tailored primarily for personal transportation, spanning sedans, hatchbacks, SUVs (sport utility vehicles), and crossovers. It caters to diverse consumer preferences, ranging from fuel efficiency to luxury and performance. Additionally, the Commercial Vehicle segment encompasses a broad array of vehicles used for industrial and business purposes, including trucks, vans, buses, delivery vehicles, and medium & heavy-duty trucks. Commercial vehicles are pivotal for the transportation of goods, services, and people, forming the backbone of global economies.

Propulsion Type Insights: The segmentation of the Global Automotive Market by propulsion types mirrors the industry's pursuit of cleaner, more efficient transportation solutions. Electric vehicles (EVs) signify a revolutionary transition, driven by environmental concerns and advancements in battery technology. Hybrid electric vehicles (HEVs) combine internal combustion engines with electric propulsion, delivering enhanced fuel efficiency and reduced emissions. Natural gas vehicles (NGVs) utilize compressed or liquefied natural gas as fuel, offering lower emissions than conventional petrol and diesel options. Fuel cell electric vehicles (FCEVs) leverage hydrogen fuel cells for electricity generation, emitting only water vapor as a byproduct. Diesel vehicles, once esteemed for their efficiency, face scrutiny due to emissions, though modern diesel engines adhere to stringent standards. Petrol vehicles remain prevalent, offering convenience and familiarity. The propulsion segmentation signifies a pivotal juncture where sustainable alternatives, including EVs, HEVs, NGVs, and FCEVs, are poised to reshape the market, while petrol and diesel vehicles continue to have a role in the transition to a cleaner automotive landscape.

Regional Insights: The global automotive market displays regional variances, with North America being home to major automakers and diverse consumer preferences. Europe emphasizes compact, fuel-efficient vehicles and leads in environmental regulations and EV adoption. Asia Pacific stands as a manufacturing powerhouse, producing a substantial portion of the world's vehicles, with emerging economies like China and India propelling rapid growth.

Key Market Players

Volkswagen
Toyota Motor Corporation
Daimler AG
Ford Motor Company
Honda Motor Company
General Motors
Suzuki
BMW
Nissan
Hyundai

Report Scope:

In this report, the Global Automotive Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Automotive Market, By Vehicle Type:

Passenger Car
Light Commercial Vehicle
Medium & Heavy Commercial Vehicle

Global Automotive Market, By Propulsion Type:

Electric Vehicle
Hybrid Electric Vehicle
Natural Gas Vehicle
Fuel Cell Electric Vehicle
Diesel Vehicle
Petrol Vehicle

Global Automotive Market, By Regional:

Asia-Pacific
- China
- India
- Japan
- Indonesia
- Thailand
- South Korea
- Australia

Europe & CIS
- Germany
- Spain
- France
- Russia
- Italy
- United Kingdom
- Belgium

North America
- United States
- Mexico
- Canada

South America
- Brazil
- Argentina
- Colombia

Middle East & Africa
- Turkey
- Iran
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Market.

Available Customizations:

Global Automotive Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Introduction

1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments

4. Impact of COVID-19 on Global Automotive Market

5. Global Automotive Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.1.2. By Volume
5.2. Market Share & Forecast
- 5.2.1. By Vehicle Type Market Share Analysis (Passenger Car, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles)
- 5.2.2. By Propulsion Type (Electric Vehicle, Hybrid Electric Vehicle, Natural Gas Vehicle, Fuel Cell Electric Vehicle, Diesel Vehicle, Petrol Vehicle)
- 5.2.3. By Regional Market Share Analysis
  - 5.2.3.1. Asia-Pacific Market Share Analysis
  - 5.2.3.2. Europe & CIS Market Share Analysis
  - 5.2.3.3. North America Market Share Analysis
  - 5.2.3.4. South America Market Share Analysis
  - 5.2.3.5. Middle East & Africa Market Share Analysis
- 5.2.4. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)
5.3. Global Automotive Market Mapping & Opportunity Assessment
- 5.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
- 5.3.2. By Propulsion Type Mapping & Opportunity Assessment
- 5.3.3. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Automotive Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.1.2. By Volume
6.2. Market Share & Forecast
- 6.2.1. By Vehicle Type Market Share Analysis
- 6.2.2. By Propulsion Type Market Share Analysis
- 6.2.3. By Country Market Share Analysis
  - 6.2.3.1. China Market Share Analysis
  - 6.2.3.2. India Market Share Analysis
  - 6.2.3.3. Japan Market Share Analysis
  - 6.2.3.4. Indonesia Market Share Analysis
  - 6.2.3.5. Thailand Market Share Analysis
  - 6.2.3.6. South Korea Market Share Analysis
  - 6.2.3.7. Australia Market Share Analysis
  - 6.2.3.8. Rest of Asia-Pacific Market Share Analysis
6.3. Asia-Pacific: Country Analysis
- 6.3.1. China Automotive Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
    - 6.3.1.1.2. By Volume
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Vehicle Type Market Share Analysis
    - 6.3.1.2.2. By Propulsion Type Market Share Analysis
- 6.3.2. India Automotive Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
    - 6.3.2.1.2. By Volume
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Vehicle Type Market Share Analysis
    - 6.3.2.2.2. By Propulsion Type Market Share Analysis
- 6.3.3. Japan Automotive Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
    - 6.3.3.1.2. By Volume
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Vehicle Type Market Share Analysis
    - 6.3.3.2.2. By Propulsion Type Market Share Analysis
- 6.3.4. Indonesia Automotive Market Outlook
  - 6.3.4.1. Market Size & Forecast
    - 6.3.4.1.1. By Value
    - 6.3.4.1.2. By Volume
  - 6.3.4.2. Market Share & Forecast
    - 6.3.4.2.1. By Vehicle Type Market Share Analysis
    - 6.3.4.2.2. By Propulsion Type Market Share Analysis
- 6.3.5. Thailand Automotive Market Outlook
  - 6.3.5.1. Market Size & Forecast
    - 6.3.5.1.1. By Value
    - 6.3.5.1.2. By Volume
  - 6.3.5.2. Market Share & Forecast
    - 6.3.5.2.1. By Vehicle Type Market Share Analysis
    - 6.3.5.2.2. By Propulsion Type Market Share Analysis
- 6.3.6. South Korea Automotive Market Outlook
  - 6.3.6.1. Market Size & Forecast
    - 6.3.6.1.1. By Value
    - 6.3.6.1.2. By Volume
  - 6.3.6.2. Market Share & Forecast
    - 6.3.6.2.1. By Vehicle Type Market Share Analysis
    - 6.3.6.2.2. By Propulsion Type Market Share Analysis
- 6.3.7. Australia Automotive Market Outlook
  - 6.3.7.1. Market Size & Forecast
    - 6.3.7.1.1. By Value
    - 6.3.7.1.2. By Volume
  - 6.3.7.2. Market Share & Forecast
    - 6.3.7.2.1. By Vehicle Type Market Share Analysis
    - 6.3.7.2.2. By Propulsion Type Market Share Analysis

7. Europe & CIS Automotive Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.1.2. By Volume
7.2. Market Share & Forecast
- 7.2.1. By Vehicle Type Market Share Analysis
- 7.2.2. By Propulsion Type Market Share Analysis
- 7.2.3. By Country Market Share Analysis
  - 7.2.3.1. Germany Market Share Analysis
  - 7.2.3.2. Spain Market Share Analysis
  - 7.2.3.3. France Market Share Analysis
  - 7.2.3.4. Russia Market Share Analysis
  - 7.2.3.5. Italy Market Share Analysis
  - 7.2.3.6. United Kingdom Market Share Analysis
  - 7.2.3.7. Belgium Market Share Analysis
  - 7.2.3.8. Rest of Europe Market Share Analysis
7.3. Europe & CIS: Country Analysis
- 7.3.1. Germany Automotive Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
    - 7.3.1.1.2. By Volume
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Vehicle Type Market Share Analysis
    - 7.3.1.2.2. By Propulsion Type Market Share Analysis
- 7.3.2. Spain Automotive Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
    - 7.3.2.1.2. By Volume
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Vehicle Type Market Share Analysis
    - 7.3.2.2.2. By Propulsion Type Market Share Analysis
- 7.3.3. France Automotive Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
    - 7.3.3.1.2. By Volume
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Vehicle Type Market Share Analysis
    - 7.3.3.2.2. By Propulsion Type Market Share Analysis
- 7.3.4. Russia Automotive Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
    - 7.3.4.1.2. By Volume
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Vehicle Type Market Share Analysis
    - 7.3.4.2.2. By Propulsion Type Market Share Analysis
- 7.3.5. Italy Automotive Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
    - 7.3.5.1.2. By Volume
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Vehicle Type Market Share Analysis
    - 7.3.5.2.2. By Propulsion Type Market Share Analysis
- 7.3.6. United Kingdom Automotive Market Outlook
  - 7.3.6.1. Market Size & Forecast
    - 7.3.6.1.1. By Value
    - 7.3.6.1.2. By Volume
  - 7.3.6.2. Market Share & Forecast
    - 7.3.6.2.1. By Vehicle Type Market Share Analysis
    - 7.3.6.2.2. By Propulsion Type Market Share Analysis
- 7.3.7. Belgium Automotive Market Outlook
  - 7.3.7.1. Market Size & Forecast
    - 7.3.7.1.1. By Value
    - 7.3.7.1.2. By Volume
  - 7.3.7.2. Market Share & Forecast
    - 7.3.7.2.1. By Vehicle Type Market Share Analysis
    - 7.3.7.2.2. By Propulsion Type Market Share Analysis

8. North America Automotive Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.1.2. By Volume
8.2. Market Share & Forecast
- 8.2.1. By Vehicle Type Market Share Analysis
- 8.2.2. By Propulsion Type Market Share Analysis
- 8.2.3. By Country Market Share Analysis
  - 8.2.3.1. United States Market Share Analysis
  - 8.2.3.2. Mexico Market Share Analysis
  - 8.2.3.3. Canada Market Share Analysis
8.3. North America: Country Analysis
- 8.3.1. United States Automotive Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
    - 8.3.1.1.2. By Volume
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Vehicle Type Market Share Analysis
    - 8.3.1.2.2. By Propulsion Type Market Share Analysis
- 8.3.2. Mexico Automotive Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
    - 8.3.2.1.2. By Volume
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Vehicle Type Market Share Analysis
    - 8.3.2.2.2. By Propulsion Type Market Share Analysis
- 8.3.3. Canada Automotive Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
    - 8.3.3.1.2. By Volume
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Vehicle Type Market Share Analysis
    - 8.3.3.2.2. By Propulsion Type Market Share Analysis

9. South America Automotive Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.1.2. By Volume
9.2. Market Share & Forecast
- 9.2.1. By Vehicle Type Market Share Analysis
- 9.2.2. By Propulsion Type Market Share Analysis
- 9.2.3. By Country Market Share Analysis
  - 9.2.3.1. Brazil Market Share Analysis
  - 9.2.3.2. Argentina Market Share Analysis
  - 9.2.3.3. Colombia Market Share Analysis
  - 9.2.3.4. Rest of South America Market Share Analysis
9.3. South America: Country Analysis
- 9.3.1. Brazil Automotive Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
    - 9.3.1.1.2. By Volume
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Vehicle Type Market Share Analysis
    - 9.3.1.2.2. By Propulsion Type Market Share Analysis
- 9.3.2. Colombia Automotive Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
    - 9.3.2.1.2. By Volume
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Vehicle Type Market Share Analysis
    - 9.3.2.2.2. By Propulsion Type Market Share Analysis
- 9.3.3. Argentina Automotive Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
    - 9.3.3.1.2. By Volume
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Vehicle Type Market Share Analysis
    - 9.3.3.2.2. By Propulsion Type Market Share Analysis

10. Middle East & Africa Automotive Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.1.2. By Volume
10.2. Market Share & Forecast
- 10.2.1. By Vehicle Type Market Share Analysis
- 10.2.2. By Propulsion Type Market Share Analysis
- 10.2.3. By Country Market Share Analysis
  - 10.2.3.1. Turkey Market Share Analysis
  - 10.2.3.2. Iran Market Share Analysis
  - 10.2.3.3. Saudi Arabia Market Share Analysis
  - 10.2.3.4. UAE Market Share Analysis
  - 10.2.3.5. Rest of Middle East & Africa Market Share Analysis
10.3. Middle East & Africa: Country Analysis
- 10.3.1. Turkey Automotive Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
    - 10.3.1.1.2. By Volume
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Vehicle Type Market Share Analysis
    - 10.3.1.2.2. By Propulsion Type Market Share Analysis
- 10.3.2. Iran Automotive Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
    - 10.3.2.1.2. By Volume
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Vehicle Type Market Share Analysis
    - 10.3.2.2.2. By Propulsion Type Market Share Analysis
- 10.3.3. Saudi Arabia Automotive Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
    - 10.3.3.1.2. By Volume
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Vehicle Type Market Share Analysis
    - 10.3.3.2.2. By Propulsion Type Market Share Analysis
- 10.3.4. UAE Automotive Market Outlook
  - 10.3.4.1. Market Size & Forecast
    - 10.3.4.1.1. By Value
    - 10.3.4.1.2. By Volume
  - 10.3.4.2. Market Share & Forecast
    - 10.3.4.2.1. By Vehicle Type Market Share Analysis
    - 10.3.4.2.2. By Propulsion Type Market Share Analysis

11. SWOT Analysis

11.1. Strength
11.2. Weakness
11.3. Opportunities
11.4. Threats

12. Market Dynamics

12.1. Market Drivers
12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)
- 14.1.1. Volkswagen
  - 14.1.1.1. Company Details
  - 14.1.1.2. Key Product Offered
  - 14.1.1.3. Recent Developments
  - 14.1.1.4. Key Management Personnel
- 14.1.2. Toyota Motor Corporation
  - 14.1.2.1. Company Details
  - 14.1.2.2. Key Product Offered
  - 14.1.2.3. Recent Developments
  - 14.1.2.4. Key Management Personnel
- 14.1.3. Daimler AG
  - 14.1.3.1. Company Details
  - 14.1.3.2. Key Product Offered
  - 14.1.3.3. Recent Developments
  - 14.1.3.4. Key Management Personnel
- 14.1.4. Ford Motor Company
  - 14.1.4.1. Company Details
  - 14.1.4.2. Key Product Offered
  - 14.1.4.3. Recent Developments
  - 14.1.4.4. Key Management Personnel
- 14.1.5. Honda Motor Company
  - 14.1.5.1. Company Details
  - 14.1.5.2. Key Product Offered
  - 14.1.5.3. Recent Developments
  - 14.1.5.4. Key Management Personnel
- 14.1.6. General Motors
  - 14.1.6.1. Company Details
  - 14.1.6.2. Key Product Offered
  - 14.1.6.3. Recent Developments
  - 14.1.6.4. Key Management Personnel
- 14.1.7. Suzuki
  - 14.1.7.1. Company Details
  - 14.1.7.2. Key Product Offered
  - 14.1.7.3. Recent Developments
  - 14.1.7.4. Key Management Personnel
- 14.1.8. BMW
  - 14.1.8.1. Company Details
  - 14.1.8.2. Key Product Offered
  - 14.1.8.3. Recent Developments
  - 14.1.8.4. Key Management Personnel
- 14.1.9. Nissan
  - 14.1.9.1. Company Details
  - 14.1.9.2. Key Product Offered
  - 14.1.9.3. Recent Developments
  - 14.1.9.4. Key Management Personnel
- 14.1.10. Hyundai
  - 14.1.10.1. Company Details
  - 14.1.10.2. Key Product Offered
  - 14.1.10.3. Recent Developments

15. Strategic Recommendations

15.1. Key Focus Areas
- 15.1.1. Target Regions & Countries
- 15.1.2. Target Vehicle Type
- 15.1.3. Target Propulsion Type