Automotive Market in Germany is expected to grow at a CAGR of 4% throughout the forecast period, to reach US$ 450 Bn. by 2029.Making superior & supportable economic value:
Germany is known the world over for its outstanding automotive industry & excellence in engineering. From Asia to the Americas, German cars represent highly precious values of innovation, reliability, safety, & design. Germany is by some distance Europe’s top production & sales market. The country’s world-class Research & Development infrastructure, complete industry value chain integration, & highly capable workforce create a globally superior automotive environment. It enables firms to develop cutting- edge technologies, which flawlessly address tomorrow’s mobility needs.To Know About The Research Methodology :- Request Free Sample Report Economic value contribution is one of the basic needs to create a lucrative future mobility industry & to maintain significance as a global export industry. Revenue pools & even more radically profit pools are estimated to switch from traditional business models of classic vehicle sales & aftermarket towards disruptive business models, with mobility as a service, data-enabled services, and connected & autonomous vehicles. According to the MMR study report, European automotive profits based on customer spend will almost double from EUR 850 Bn in 2016 to EUR 1,400 Bn in 2030. Over the same time period, the share of data-enabled services & shared mobility will rise from 0.2 to 27 % of total automotive revenues. To capture a relevant share of the industry revenue pool, European automotive companies need to secure numerous of the so-called industry control points, i.e., technologies which make full or partial control of complete processes & systems feasible. Potential company-specific control points contain battery cells, battery management systems, intelligent eDrive systems, fuel cell systems, AI software for autonomous vehicles, & mobility platforms. On the commercial vehicle side of the vision, decrease of inefficiencies over multimodal optimization of holistic transport ecosystems is key. As surface freight intensity is anticipated to increase by 40 % through 2050, & intelligent transport mobility solutions are being established Germany’s vision is a 100 % on-time, cost-efficient, & consumer focused delivery. Based on the technology of autonomous commercial vehicles, transport costs may, in certain use cases, even drop by up to 40 % through 2050.
Interest in mobility services & public transport down:
According to the MMR report “Corona Virus & the automotive customer” study, interest in car possession amongst under 35-year-olds is on the growth for the 1st time in years. The findings are based on a sample of 11,000 customers in 11 countries responsible for 62 % of global annual passenger vehicle sales. 44 % of younger customers who have never before owned a car are currently seeing purchasing one in the coming months. Customer demand for mobility services & public transport will also decrease significantly now & in the future according to the MMR study report.Support for electric vehicles in Germany:
In Germany, the government has declared strategies to double the amount of buying incentives already in place for battery electric vehicles as part of its EUR 130 Bn stimulus package intended to shore up the nation’s post-coronavirus economy. This explains into a cash grant of EUR 6,000 for each battery electric vehicle purchased. This is added by an additional EUR 3,000 subsidy from car makers. The degree apply for cars with a value of up to 40,000 Euros.Additional investment in battery infrastructure:
To further improvement e-mobility, an additional EUR 2.5 Bn will be allocated to current infrastructure plans to build additional charging stations & support further battery cell making. Both changing customer behavior & the substantial grants available will generate new opportunities for Germany’s strong automotive industry as well as attract new foreign investors to the segment.One Million Electric Vehicles in Germany by 2022:
Currently, Germany also declared that by 2030, all new cars have to be electric, putting a prohibition on gas-powered cars. The Daimler Group, which, among others, is the company of Mercedes Benz, newly declared their strategy to introduce electric power trains through all brands. Also, BMW launched their i-series electrical vehicles some years ago. With such a robust alliance between the German government & the automotive industry, it seems that the electric mobility revolt is happening. The report covers Commercial Vehicles, Passenger Vehicles, with detailed analysis Automotive Market in Germany industry with the classifications of the market on the Type, Application & region. Analysis of past market dynamics from 2017 to 2022 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key players' contribution in it. The report has profiled twelve key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimation the size of the same. The manufacturing environment in each region is different given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced Type, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in four regions. The major states policies about manufacturing & Covid 19 impact on demand side are covered in the report.Automotive Market in Germany Scope: Inquire before buying
Automotive Market in Germany Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 432 Bn. Forecast Period 2023 to 2029 CAGR: 4% Market Size in 2029: US $ 450 Bn. Segments Covered: by Type Passenger Vehicles Commercial Vehicles Germany Automotive Market Key Players
1. Volkswagen AG 2. Mercedes-Benz Group AG 3. BMW AG 4. MAN SE 5. Ford Germany 6. AUDI AG 7. TRATON SE 8. Apollo Automobile 9. Borgward 10. KIRCHHOFF Automotive Germany GmbH 11. Opel 12. Neoplan 13. Porsche 14. Iveco Frequently Asked Questions: 1. Which region has the largest share in Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Market? Ans: The Global Automotive Market is growing at a CAGR of 4% during forecasting period 2023-2029. 3. What is scope of the Global Automotive market report? Ans: Global Automotive Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. What is the study period of this market? Ans: The Global Automotive Market is studied from 2022 to 2029.
Germany Automotive Market
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Germany Automotive Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Germany Automotive Market Analysis and Forecast 7. Germany Automotive Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Germany Market Value Share Analysis, by Type 7.4. Germany Market Size (US$ Mn) Forecast, by Type 7.5. Germany Market Analysis, by Type 8. Germany Automotive Market Analysis 8.1. Germany Market Forecast, by Type 8.1.1. Passenger Vehicles 8.1.2. Commercial Vehicles 8.1.3. Three Wheelers 8.1.4. Two Wheelers 8.2. PEST Analysis 8.3. Key Trends 8.4. Key Developments 9. Company Profiles 9.1. Market Share Analysis, by Company 9.2. Competition Matrix 9.2.1. Competitive Benchmarking of key players by price, presence, market share, Raw material and R&D investment 9.2.2. New Raw material Launches and Raw material Enhancements 9.2.2.1. Market Consolidation 9.2.2.2. M&A by Regions, Investment and Raw material 9.2.2.3. M&A Key Players, Forward Integration and Backward Integration 9.3. Company Profiles: Key Players 9.3.1. Honda 9.3.2. Volkswagen 9.3.3. Toyota 9.3.4. Nissan 9.3.5. Honda 9.3.6. Mazda 9.3.7. Mitsubishi 9.3.8. Mercedes-Benz 9.3.9. BMW 9.3.10. Porsche 9.3.11. Skoda 9.3.12. Land Rover 9.3.13. Audi Motors 9.3.14. Opel 9.3.15. Daimler AG 9.3.16. Alpina 9.3.17. DKW 9.3.18. Borgward 9.3.19. Auto Union 9.3.20. Horch 9.3.21. Apollo Automobil