Automotive OEM Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Commercial Vehicles, Passenger Cars, Electric Cars), By Component (Powertrain, Chassis, Electronics and Electrical, External Body, Car Interiors), By Sales Channel (Retailers, Wholesalers, Distributors), By Region, Competition 2019-2029F

  • Industry : Automotive
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  • Published Date : NA
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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 36.0 Billion

CAGR (2024-2029)

6.58%

Fastest Growing Segment

Commercial Vehicles

Largest Market

North America

Market Size (2029)

USD 52.8 Billion


Market Overview

Global Automotive OEM Market has valued at USD 36.0 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.58% through 2029. Environmental concerns, the growing demand for electric vehicles, and the emphasis of big corporations on reducing carbon emissions are all driving forces behind the global expansion of the automotive OEM market. India has set a decarbonization target for 2030, aiming to reduce carbon emissions by 50% and achieve 500 gigawatts of renewable energy generation capacity. The EV30@30 campaign aims to ensure electric vehicles account for at least 30% of new vehicle sales by 2030. The Indian EV market, valued at $2 billion in 2023, is projected to reach $7.09 billion by 2025, with 10 million annual sales by 2030. The government aims for EV adoption to reach 40% for buses, 30% for private cars, 70% for commercial vehicles, and 80% for two-wheelers. The Economic Survey of India 2023 forecasts a 49% compound annual growth rate in India's domestic electric vehicle market between 2022 and 2030, with an estimated 10 million annual sales and 50 million direct and indirect employment opportunities. The terms OEM and IT are commonly used in the automotive and IT sectors. It was first connected to a business that produced a product that was later rebranded or resold by another business. But this phrase's meaning has changed with time, and it now has a different meaning. For example, OEM can relate to a business that produces the parts that another business uses to put together a complete system. In other cases, the corporation rebrands and markets the goods of another business.


Market Drivers

Electrification and Sustainable Mobility

One of the primary drivers propelling the Global Automotive OEM Market is the accelerating shift towards electrification and sustainable mobility. Governments worldwide are implementing stringent emissions regulations to address environmental concerns and combat climate change. In response, automotive OEMs are investing heavily in the development and production of electric vehicles (EVs) and hybrid vehicles. This trend is driven by several factors, including advancements in battery technology, increased consumer awareness of environmental issues, and favorable government incentives. Original Equipment Manufacturers are not only introducing new electric models but are also redesigning their manufacturing processes to accommodate electric drivetrains. Battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) have become integral components of OEM strategies, driving innovation and shaping the future landscape of the automotive industry. Beyond the vehicles themselves, OEMs are also focusing on sustainable practices in manufacturing. This includes the use of recycled materials, energy-efficient production processes, and eco-friendly disposal methods. The commitment to sustainability is not only a response to regulatory requirements but also a strategic move to align with consumer preferences for environmentally conscious products.

Technological Advancements and Connectivity

The relentless pursuit of technological advancements is a significant driver of the Global Automotive OEM Market. Original Equipment Manufacturers are continually integrating cutting-edge technologies into their vehicles to enhance safety, connectivity, and overall user experience. The rise of connected vehicles and the Internet of Things (IoT) has led to the development of advanced driver-assistance systems (ADAS) and in-car infotainment systems. ADAS features, such as adaptive cruise control, lane-keeping assistance, and automated emergency braking, are becoming standard in many new vehicles. These technologies not only improve safety but also lay the groundwork for the eventual realization of autonomous vehicles. Automotive OEMs are actively engaged in research and development to achieve higher levels of autonomy, contributing to the overall evolution of the automotive industry. The integration of connectivity features allows vehicles to communicate with each other, with infrastructure, and with external networks. Original Equipment Manufacturers are collaborating with technology companies to develop sophisticated telematics systems, enabling features like remote diagnostics, over-the-air updates, and enhanced navigation. Connectivity is not only a driver of innovation but also a key factor influencing consumers' purchasing decisions.

Demand for Autonomous Vehicles

The pursuit of autonomous vehicles is a compelling driver in the Global Automotive OEM Market. Automotive OEMs are investing heavily in research and development to bring autonomous driving capabilities to the market. According to the Pˆole Automobile Europ´een (PAE) project - Action 7, published in 2022, 80% of OEMs are planning to develop highly autonomous vehicles. The European Parliament highlighted the significant benefits of autonomous vehicles, particularly for individuals with reduced mobility, allowing them to participate more effectively in individual road transport and facilitating their daily lives. This emphasis on accessibility is crucial, especially in the design of MaaS-systems (Mobility as a Service). Autonomous vehicles have the potential to drastically reduce the number of traffic accidents. Currently, traffic accidents claim approximately 1.25 million lives annually, which is double the number of deaths caused by war, crime, and terrorism combined. Human errors, such as driving under the influence of alcohol, texting while driving, falling asleep at the wheel, and daydreaming, contribute to 94% of these accidents. In the European Union alone, 2,800 people lost their lives on the roads in 2019. By replacing human drivers with autonomous systems, it is estimated that road deaths and injuries could be reduced by about 90%. This transition to autonomous vehicles could save millions of lives each year, emphasis the urgent need and demand for this technology. Automotive OEMs are forming alliances and partnerships with tech companies, startups, and other industry players to leverage expertise and accelerate the deployment of autonomous technologies. The pursuit of autonomy is not only a response to consumer demand but also a strategic move to position OEMs at the forefront of the future of mobility.

Global Expansion and Emerging Markets

Original Equipment Manufacturers are increasingly focusing on global expansion to tap into emerging markets and diversify their customer base. As mature markets reach saturation levels, automotive OEMs are looking to regions such as Asia-Pacific, Latin America, and Africa for growth opportunities. Emerging economies with rising disposable incomes and a burgeoning middle class present a fertile ground for increased vehicle demand. To capitalize on these opportunities, automotive OEMs are establishing or expanding manufacturing facilities, distribution networks, and service centers in emerging markets. The localization of production allows OEMs to reduce costs, respond more effectively to regional preferences, and navigate trade barriers. Additionally, partnerships and collaborations with local entities, including governments and businesses, facilitate market entry and enhance understanding of regional dynamics. The global expansion trend is not limited to traditional vehicle sales but also encompasses emerging mobility solutions. Original Equipment Manufacturers are exploring partnerships with ride-sharing companies, mobility service providers, and technology firms to offer innovative transportation solutions tailored to the needs of specific markets. This strategic approach to global expansion positions OEMs to thrive in a dynamic and evolving automotive landscape.

Regulatory Compliance and Emission Standards

Regulatory compliance and adherence to stringent emission standards are fundamental drivers shaping the Global Automotive OEM Market. Governments worldwide are imposing increasingly stringent regulations to curb emissions and promote environmental sustainability. Automotive OEMs are compelled to design and manufacture vehicles that meet or exceed these standards, driving innovation in fuel efficiency and emissions reduction technologies. Emission standards vary by region, with regulations such as Euro 7 in Europe, Corporate Average Fuel Economy (CAFE) standards in the United States, and China VI in China. Original Equipment Manufacturers are actively developing and implementing technologies such as turbocharging, direct injection, selective catalytic reduction (SCR), and particulate filters to meet these standards while maintaining vehicle performance and consumer expectations. In addition to emission standards, safety regulations are a critical driver of innovation in the automotive industry. Features such as airbags, anti-lock braking systems (ABS), electronic stability control (ESC), and pedestrian detection systems are integral to meeting safety standards globally. OEMs are not only complying with regulations but are often at the forefront of introducing advanced safety features to enhance vehicle safety and occupant protection.


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Key Market Challenge

Technological Disruptions and Innovation Pressures

The automotive industry is facing unprecedented technological disruptions, presenting both opportunities and challenges for Original Equipment Manufacturers (OEMs). The rapid evolution of technologies, such as electrification, connectivity, and autonomous driving, requires substantial investments in research and development. While these innovations open new avenues for market growth, they also pose challenges related to the pace of technological adoption, integration into existing vehicle architectures, and the need for skilled talent. OEMs are pressured to stay ahead of the innovation curve to remain competitive. The dynamic nature of technology in areas like electric vehicles (EVs) and autonomous driving demands continuous adaptation and investment. Balancing the incorporation of cutting-edge technologies with the durability and reliability expected from automotive products is a persistent challenge. Furthermore, the collaboration with technology companies, startups, and suppliers adds complexity to the value chain, requiring effective management of partnerships to ensure seamless integration of new technologies. Additionally, the transition to electric and autonomous vehicles necessitates a rethinking of traditional business models. OEMs are challenged to balance the production of traditional internal combustion engine (ICE) vehicles with the development of electric and autonomous offerings. Managing this transition while meeting consumer expectations for affordability and performance represents a significant challenge for the automotive OEM market.

Supply Chain Disruptions and Complexity

The automotive OEM market is highly dependent on intricate and global supply chains. The complexity of these supply chains presents challenges in terms of logistics, coordination, and risk management. Recent events, such as the COVID-19 pandemic, highlighted vulnerabilities in global supply chains, leading to disruptions in the production and distribution of automotive components. OEMs are challenged to manage a vast network of suppliers, each contributing specific components to the assembly of vehicles. Ensuring a steady and reliable supply of materials, parts, and sub-assemblies is crucial for maintaining production schedules and meeting consumer demand. Geopolitical tensions, trade disputes, and natural disasters further contribute to the unpredictability of the supply chain. The shift towards electric vehicles with specialized components, including batteries and electric drivetrains, introduces additional complexities. Securing a stable supply of rare earth materials, lithium-ion batteries, and other essential components becomes a critical challenge for OEMs. Strategies such as dual-sourcing, localizing supply chains, and implementing advanced analytics for supply chain visibility are being employed to mitigate these challenges. Furthermore, the automotive industry's move towards sustainability and eco-friendly practices necessitates a careful evaluation of suppliers' environmental and ethical standards. Ensuring responsible sourcing while maintaining cost-effectiveness adds another layer of complexity to supply chain management.

Regulatory Compliance and Emission Standards

The automotive industry is subject to a complex web of regulations and emission standards imposed by governments worldwide. Meeting these standards requires continuous innovation in vehicle design, engine efficiency, and emission control technologies. The challenge lies in navigating a landscape of diverse regulations across different regions, each with its own set of requirements and deadlines. For instance, Europe has stringent emission standards under the Euro system, while the United States follows Corporate Average Fuel Economy (CAFE) standards, and China has its own set of emission regulations (China VI). The varied regulatory landscape poses challenges for OEMs operating globally, as they need to adapt their products to meet regional requirements. The push towards sustainability and environmental responsibility adds further pressure on OEMs to reduce the carbon footprint of their vehicles. This includes not only meeting emission standards but also incorporating eco-friendly practices in manufacturing processes. Developing technologies that align with regulatory expectations while maintaining affordability for consumers remains a complex challenge for OEMs. Additionally, the automotive industry is witnessing a growing emphasis on safety regulations, with an increasing focus on advanced driver-assistance systems (ADAS) and crash avoidance technologies. OEMs must navigate a maze of safety standards, including those set by organizations like the National Highway Traffic Safety Administration (NHTSA) in the United States and the European New Car Assessment Programme (Euro NCAP).

Consumer Preferences and Shifting Mobility Trends

Changing consumer preferences and evolving mobility trends present challenges for OEMs seeking to align their product portfolios with shifting market demands. A growing emphasis on sustainability, fuel efficiency, and alternative mobility solutions is reshaping consumer expectations. OEMs are challenged to anticipate and respond to these changing preferences while maintaining profitability. The rise of urbanization, coupled with concerns about congestion and environmental impact, has led to a surge in interest in alternative mobility solutions. Shared mobility, ride-hailing, and Mobility as a Service (MaaS) models are gaining traction, challenging the traditional ownership model of personal vehicles. OEMs need to adapt their business models to participate in and contribute to emerging mobility ecosystems. Furthermore, the demand for electric vehicles is influenced by factors such as government incentives, charging infrastructure, and the total cost of ownership. OEMs must navigate these variables to create compelling electric vehicle offerings that meet consumer expectations for range, charging convenience, and affordability. The integration of connectivity and advanced infotainment systems adds another layer to consumer expectations. As technology evolves, consumers increasingly seek seamless connectivity, intuitive interfaces, and advanced driver-assistance features. OEMs must continuously invest in user experience design and software integration to meet these expectations.

Competitive Landscape and New Entrants:

The automotive OEM market is witnessing an influx of new players, including technology companies and startups, challenging the traditional competitive landscape. The entry of electric vehicle manufacturers, tech giants, and new mobility service providers introduces increased competition and disrupts established business models. Established OEMs must contend with the competitive threat posed by companies like Tesla, which has reshaped the perception of electric vehicles and set new standards for performance and innovation. Additionally, technology companies such as Apple and Google are exploring opportunities in the automotive space, potentially disrupting the industry by introducing new technologies and business models. The rise of mobility startups offering electric scooters, bicycles, and other micro-mobility solutions also adds complexity to the competitive landscape. OEMs need to adapt to these changes by exploring partnerships, investing in innovative technologies, and considering new business models that extend beyond traditional vehicle sales. The complexity of the competitive landscape is further heightened by the need for collaborations and partnerships. OEMs are increasingly forming alliances with technology companies, suppliers, and other industry players to leverage expertise, share development costs, and stay competitive in the rapidly evolving automotive ecosystem..

Key Market Trends

Electrification and Sustainable Manufacturing

The automotive industry is undergoing a profound shift towards electrification. As concerns about climate change and environmental sustainability rise, Original Equipment Manufacturers are increasingly focusing on electric and hybrid vehicles. This trend encompasses not only the final product but also the entire manufacturing process. OEMs are adopting sustainable practices, including the use of eco-friendly materials, energy-efficient production methods, and recycling initiatives to reduce the carbon footprint of their manufacturing operations. Additionally, the demand for electric vehicles (EVs) is driving collaboration between OEMs and technology companies to develop advanced battery technologies, charging infrastructure, and energy storage solutions. This trend reflects a commitment to meeting regulatory standards, reducing greenhouse gas emissions, and addressing consumer preferences for eco-friendly transportation options.

Autonomous and Connected Vehicles

The automotive OEM market is experiencing a surge in the development and integration of autonomous and connected vehicle technologies. Original Equipment Manufacturers are investing heavily in research and development to create advanced driver-assistance systems (ADAS) and self-driving capabilities. This includes the incorporation of sensors, radar, LiDAR, and artificial intelligence to enable vehicles to navigate and make decisions autonomously. Furthermore, connected vehicle technologies are enhancing the overall driving experience. OEMs are integrating advanced infotainment systems, vehicle-to-everything (V2X) communication, and sophisticated telematics to create smart and interconnected vehicles. These trends not only improve safety and efficiency but also pave the way for the future of mobility, where vehicles communicate with each other and with smart infrastructure.

Digitalization and Industry 4.0

The adoption of Industry 4.0 principles is reshaping the manufacturing processes within the automotive OEM sector. Original Equipment Manufacturers are embracing digitalization, data analytics, and the Internet of Things (IoT) to create smart factories that enhance efficiency, reduce downtime, and optimize production processes. This includes the implementation of robotics, artificial intelligence, and advanced analytics for predictive maintenance. The digitalization trend extends beyond manufacturing to include the entire product lifecycle. OEMs are utilizing digital twin technology to simulate and optimize vehicle design, performance, and maintenance. This approach allows for faster prototyping, reduced time to market, and continuous improvements throughout the product lifecycle. As a result, the automotive OEM market is becoming more agile and responsive to changing consumer demands.

Shift Towards Mobility as a Service (MaaS)

The concept of Mobility as a Service is gaining prominence, influencing the strategies of automotive OEMs. Instead of solely focusing on selling individual vehicles, OEMs are exploring business models that emphasize providing mobility solutions. This includes ride-sharing services, subscription-based vehicle access, and integrated transportation ecosystems. As urbanization increases, and consumers seek convenient and cost-effective transportation options, OEMs are adapting their offerings to align with the principles of MaaS. This trend involves developing connected and shared mobility solutions, collaborating with technology companies, and integrating services such as ride-hailing directly into the vehicle interface. By embracing MaaS, OEMs are positioning themselves to be key players in the evolving landscape of urban mobility.

Global Supply Chain Resilience and Localization

The automotive OEM market has become acutely aware of the importance of supply chain resilience, particularly in the wake of global disruptions such as the COVID-19 pandemic. OEMs are reevaluating their supply chain strategies, focusing on reducing dependencies on single suppliers and ensuring flexibility in sourcing components. Localization is a key trend in achieving supply chain resilience. OEMs are considering regionalization of production and sourcing to mitigate risks associated with geopolitical uncertainties, trade tensions, and logistical challenges. This involves establishing regional manufacturing hubs and forging partnerships with local suppliers. By diversifying and localizing their supply chains, OEMs can enhance agility, reduce lead times, and ensure continuity of production even in the face of global disruptions.

Segmental Insights

Vehicle Type Analysis

Based on vehicle type, the Automotive OEM Market is segmented into three categories: electric cars, passenger cars, and commercial vehicles. It is projected that the passenger cars category will continue to lead the market for the duration of the projection. The passenger cars category is set to continue leading the Automotive OEM market due to several key factors. The increasing consumer demand for personal mobility solutions drives the growth of this segment. As urbanization continues to rise, more people seek convenient and efficient ways to commute, making passenger cars a preferred choice. Advancements in automotive technology also play a significant role in this trend. Innovations in electric and hybrid vehicles, autonomous driving systems, and connectivity features are primarily being developed and implemented in the passenger car segment. For instance, major automakers like BMW, Audi, and Tesla are focusing heavily on electric passenger cars, contributing to the segment's growth. The government regulations aimed at reducing emissions and promoting sustainable transportation are encouraging the adoption of electric and hybrid passenger cars. Incentives such as tax rebates, subsidies, and exemptions from congestion charges make these vehicles more attractive to consumers. The passenger car segment's leadership in the Automotive OEM market is driven by technological advancements, regulatory support, and economic factors that collectively enhance the appeal and accessibility of these vehicles to a broad consumer base.

 



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Regional Insights

North America leads the Automotive OEM market due to several key factors. The region is home to major automotive manufacturers such as General Motors, Ford, and Tesla, which are at the forefront of innovation and production. These companies invest heavily in research and development to bring cutting-edge technologies, such as electric and autonomous vehicles, to market. The robust infrastructure in North America supports the growth of the automotive industry. The presence of advanced manufacturing facilities, a skilled workforce, and extensive supply chains ensures efficient production and distribution of vehicles and components. Additionally, the region's strong economic conditions and high consumer demand for new vehicles drive market growth. Government policies and regulations also play a significant role. Initiatives promoting clean energy and sustainability, such as tax incentives for electric vehicle purchases and investments in charging infrastructure, encourage the adoption of new automotive technologies. The North American Free Trade Agreement (NAFTA) and its successor, the United States-Mexico-Canada Agreement (USMCA), facilitate seamless trade and investment among these countries, bolstering the automotive sector. The presence of a vibrant tech industry, particularly in Silicon Valley, accelerates advancements in automotive technologies. Collaborations between tech companies and automakers lead to innovations in connected and autonomous vehicle technologies, further cementing North America's leadership in the automotive OEM market

Recent Development

  • In 2024, Triton EV, an Indian electric vehicle manufacturer, has introduced a hydrogen internal combustion engine (ICE) that can be integrated into various vehicle categories, from compact cars to large commercial trucks. This eco-friendly, zero-carbon-emission engine uses hydrogen as a fuel source, eliminating harmful pollutants and providing high performance and superior efficiency without sacrificing power. Triton is seeking partnerships with automotive manufacturers, fleet operators, and other stakeholders to integrate this versatile technology into their vehicles.
  • In 2023, The automotive supplier Webasto has developed a prototype Roof Sensor Module that integrates a comprehensive range of camera and lidar sensors into a slimline panoramic roof, enabling reliable 360-degree monitoring of a vehicle's surroundings for autonomous driving. The module combines various technologies to ensure sensor availability, temperature regulation, and cleaning to maintain optimal performance in diverse weather conditions, while blending aesthetically into the vehicle's architecture.

Key Market Players

  • Toyota Motor Corporation
  • Volkswagen AG
  • Honda Motor Co., Ltd
  • Magna International Inc.
  • Continental AG
  • CIE automotive SA
  • Siemens AG
  • Bayerische Motoren Werke AG
  • DENSO Corporation
  • Robert Bosch GMbH


By Vehicle Type

By Component

By Sales Channel

By Region
  • Commercial Vehicles
  • Passenger Cars
  • Electric Cars
  • Powertrain
  • Chassis
  • Electronics and Electrical
  • External Bod
  • Car Interiors
  • Retailers
  • Wholesalers
  • Distributors
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

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

  • Automotive OEM Market, By Vehicle Type:

o   Commercial Vehicles

o   Passenger Cars

o   Electric Cars

  • Automotive OEM Market, By Component:

o   Powertrain

o   Chassis

o   Electronics and Electrical

o   External Bod

o   Car Interiors

  • Automotive OEM Market, By Sales Channel:

o   Retailers

o   Wholesalers

o   Distributors

  • Automotive OEM Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

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

Available Customizations:

Global Automotive OEM 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:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive OEM Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

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 OEM Market

5.    Global Automotive OEM Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Vehicle Type Market Share Analysis (Commercial Vehicles, Passenger Cars, And Electric Cars)

5.2.2.    By Component Market Share Analysis (Powertrain, Chassis, Electronics and Electrical, External Body, and Car Interiors

5.2.3.    By Sales Channel Market Share Analysis (OEM, Aftermarket)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3.  Global Automotive OEM Market Mapping & Opportunity Assessment

5.3.1.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2.    By Component Market Mapping & Opportunity Assessment

5.3.3.    By Sales Channel Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Automotive OEM Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Vehicle Type Market Share Analysis

6.2.2.    By Component Market Share Analysis

6.2.3.    By Sales Channel Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Automotive OEM Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Vehicle Type Market Share Analysis

6.3.1.2.2.           By Component Market Share Analysis

6.3.1.2.3.           By Sales Channel Market Share Analysis

6.3.2.    India Automotive OEM Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Vehicle Type Market Share Analysis

6.3.2.2.2.           By Component Market Share Analysis

6.3.2.2.3.           By Sales Channel Market Share Analysis

6.3.3.    Japan Automotive OEM Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Vehicle Type Market Share Analysis

6.3.3.2.2.           By Component Market Share Analysis

6.3.3.2.3.           By Sales Channel Market Share Analysis

6.3.4.    Indonesia Automotive OEM Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Vehicle Type Market Share Analysis

6.3.4.2.2.           By Component Market Share Analysis

6.3.4.2.3.           By Sales Channel Market Share Analysis

6.3.5.    Thailand Automotive OEM Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Vehicle Type Market Share Analysis

6.3.5.2.2.           By Component Market Share Analysis

6.3.5.2.3.           By Sales Channel Market Share Analysis

6.3.6.    South Korea Automotive OEM Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Vehicle Type Market Share Analysis

6.3.6.2.2.           By Component Market Share Analysis

6.3.6.2.3.           By Sales Channel Market Share Analysis

6.3.7.    Australia Automotive OEM Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Vehicle Type Market Share Analysis

6.3.7.2.2.           By Component Market Share Analysis

6.3.7.2.3.           By Sales Channel Market Share Analysis

7.    Europe & CIS Automotive OEM Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Vehicle Type Market Share Analysis

7.2.2.    By Component Market Share Analysis

7.2.3.    By Sales Channel Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Automotive OEM Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Vehicle Type Market Share Analysis

7.3.1.2.2.           By Component Market Share Analysis

7.3.1.2.3.           By Sales Channel Market Share Analysis

7.3.2.    Spain Automotive OEM Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Vehicle Type Market Share Analysis

7.3.2.2.2.           By Component Market Share Analysis

7.3.2.2.3.           By Sales Channel Market Share Analysis

7.3.3.    France Automotive OEM Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Vehicle Type Market Share Analysis

7.3.3.2.2.           By Component Market Share Analysis

7.3.3.2.3.           By Sales Channel Market Share Analysis

7.3.4.    Russia Automotive OEM Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Vehicle Type Market Share Analysis

7.3.4.2.2.           By Component Market Share Analysis

7.3.4.2.3.           By Sales Channel Market Share Analysis

7.3.5.    Italy Automotive OEM Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Vehicle Type Market Share Analysis

7.3.5.2.2.           By Component Market Share Analysis

7.3.5.2.3.           By Sales Channel Market Share Analysis

7.3.6.    United Kingdom Automotive OEM Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Vehicle Type Market Share Analysis

7.3.6.2.2.           By Component Market Share Analysis

7.3.6.2.3.           By Sales Channel Market Share Analysis

7.3.7.    Belgium Automotive OEM Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Vehicle Type Market Share Analysis

7.3.7.2.2.           By Component Market Share Analysis

7.3.7.2.3.           By Sales Channel Market Share Analysis

8.    North America Automotive OEM Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Vehicle Type Market Share Analysis

8.2.2.    By Component Market Share Analysis

8.2.3.    By Sales Channel Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Automotive OEM Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Vehicle Type Market Share Analysis

8.3.1.2.2.           By Component Market Share Analysis

8.3.1.2.3.           By Sales Channel Market Share Analysis

8.3.2.    Mexico Automotive OEM Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Vehicle Type Market Share Analysis

8.3.2.2.2.           By Component Market Share Analysis

8.3.2.2.3.           By Sales Channel Market Share Analysis

8.3.3.    Canada Automotive OEM Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Vehicle Type Market Share Analysis

8.3.3.2.2.           By Component Market Share Analysis

8.3.3.2.3.           By Sales Channel Market Share Analysis

9.    South America Automotive OEM Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Vehicle Type Market Share Analysis

9.2.2.    By Component Market Share Analysis

9.2.3.    By Sales Channel Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Automotive OEM Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Vehicle Type Market Share Analysis

9.3.1.2.2.           By Component Market Share Analysis

9.3.1.2.3.           By Sales Channel Market Share Analysis

9.3.2.    Colombia Automotive OEM Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Vehicle Type Market Share Analysis

9.3.2.2.2.           By Component Market Share Analysis

9.3.2.2.3.           By Sales Channel Market Share Analysis

9.3.3.    Argentina Automotive OEM Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Vehicle Type Market Share Analysis

9.3.3.2.2.           By Component Market Share Analysis

9.3.3.2.3.           By Sales Channel Market Share Analysis

10.  Middle East & Africa Automotive OEM Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Component Market Share Analysis

10.2.3. By Sales Channel Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     South Africa Market Share Analysis

10.2.4.2.     Turkey Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Automotive OEM Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Vehicle Type Market Share Analysis

10.3.1.2.2.         By Component Market Share Analysis

10.3.1.2.3.         By Sales Channel Market Share Analysis

10.3.2. Turkey Automotive OEM Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Vehicle Type Market Share Analysis

10.3.2.2.2.         By Component Market Share Analysis

10.3.2.2.3.         By Sales Channel Market Share Analysis

10.3.3. Saudi Arabia Automotive OEM Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Vehicle Type Market Share Analysis

10.3.3.2.2.         By Component Market Share Analysis

10.3.3.2.3.         By Sales Channel Market Share Analysis

10.3.4. UAE Automotive OEM Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Vehicle Type Market Share Analysis

10.3.4.2.2.         By Component Market Share Analysis

10.3.4.2.3.         By Sales Channel 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. Toyota Motor Corporation

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Volkswagen AG

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Honda Motor Co., Ltd

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Magna International Inc.

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Continental AG.

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. CIE automotive SA

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Siemens AG

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Bayerische Motoren Werke AG

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9.  DENSO Corporation

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.  Robert Bosch GMbH

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15.  Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Vehicle Type

15.1.3. Target By Component

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Automotive OEM Market was estimated to be USD 36.0 billion in 2023

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Based on vehicle type, the Automotive OEM Market is segmented into three categories: electric cars, passenger cars, and commercial vehicles. It is projected that the commercial vehicle category will continue to be the fastest growing segment for the duration of the projection. Commercial cars with reduced carbon emissions and environmentally sustainable solutions are the focus of automotive original equipment manufacturers.

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North America is dominated by the United States. Innovations in technology are driving growth in this industry. The manufacture of high-performance cars has a major role in the market expansion in this nation as well. Furthermore, the growth of automated vehicles is stimulating the local automotive original equipment sector. The second-largest market share is held by the European Automotive OEM market.

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Electrification and Sustainable Mobility, Technological Advancements and Connectivity and Demand for Autonomous Vehicles are the major drivers for the Global Automotive OEM Market

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Srishti Verma

Business Consultant
Press Release

Automotive OEM Marke to Grow with a CAGR of 6.58% Globally through to 2029

Jul, 2024

Electrification and Sustainable Mobility, Technological Advancements and Connectivity and Demand for Autonomous Vehicles are factors driving the Global Automotive OEM market in the forecast period

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