In 2019, the largest number of Polish respondents indicated cost cuts more significant than planned and reorganization of work within the company as a key action that companies expect to take within a year of pandemic completion. For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

China's manufacturing sector is anticipated to contract by around two percent as of February 2020 due to the outbreak of COVID-19. The automotive industry in the European Union is expected to see a decline of 2.5 billion U.S. dollars due to a reduction in automobile and parts exports from China.

As of late 2020, some five percent of European respondents rated their sentiment toward automotive manufacturers after COVID-19 as "mostly positive." Additionally, 20 percent stated they had a "slightly positive" view.

In 2019, the largest number of Polish respondents indicated a smaller number of customers - 85 percent and delayed payments - 42.5 percent as the most significant difficulties in enterprises' functioning due to the introduced restrictions resulting from the fight against COVID-19.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

Nearly 250 thousand cars were not manufactured in Central and Eastern Europe due to the downtime caused by the coronavirus outbreak. As of 30th March 2020, nearly 136 thousand people working in the automotive factories in the CEE region were affected by the COVID-19 crisis. The source also states that the actual number of affected employees was much higher. This is due to delays in data transfer and the unavailability of full reports from production plants.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

According to Cognitive Market Research, the global Automotive Research And Development Services market size will be USD 19241.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 25.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7696.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5772.48 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4425.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 27.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 962.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 384.83 million in 2024 and will grow at a compound annual growth rate (CAGR) of 24.9% from 2024 to 2031.
The Electronics & Electrical segment is the fastest-growing in the Automotive Research and Development Services Market, fueled by the increasing integration of advanced technologies in vehicles

Market Dynamics of Automotive Research And Development Services Market

Key Drivers for Automotive Research And Development Services Market

Growing Demand for Advanced Vehicle Technologies to Boost Market Growth

The automotive industry is witnessing a significant rise in consumer demand for advanced vehicle technologies, including electric powertrains, autonomous driving systems, and in-car connectivity. As consumers become more tech-savvy and environmentally conscious, automakers are prioritizing the development of innovative technologies to meet these expectations. This demand drives the need for automotive research and development services, as companies seek to stay competitive by introducing cutting-edge features. Continuous advancements in AI, machine learning, and sensor technologies also contribute to this growth, fueling R&D efforts for next-generation vehicles. For instance, In November 2022, IAV Automotive Engineering (IAV) launched a project which provides a method to find the emission from ICE vehicles on braking. It allows IAV to precisely evaluate the mass, number, and size of fine, ultra-fine particles generated during the braking process. This project was undertaken under the EU emission reduction project

Government Regulations and Sustainability Initiatives to Drive Market Growth

Governments across the globe are enforcing stricter environmental regulations and sustainability initiatives to reduce carbon emissions and promote energy-efficient vehicles. These regulations, coupled with rising concerns over climate change, are driving automakers to invest heavily in R&D to develop cleaner, more fuel-efficient vehicles. Electric vehicles (EVs), hybrid models, and low-emission technologies are in high demand, prompting the need for extensive research and development services. As regulations continue to evolve, automakers will need to adapt, presenting further opportunities for innovation and advancement in the automotive sector.

Restraint Factor for the Automotive Research And Development Services Market

High Costs of R&D and Infrastructure, will Limit Market Growth

One of the key restraints in the automotive research and development services market is the high cost associated with the research and innovation process. Developing new automotive technologies requires significant investments in infrastructure, equipment, and human resources. Companies must allocate substantial capital to fund R&D activities, including prototyping, testing, and compliance with safety and regulatory standards. Small to medium-sized manufacturers may find it difficult to bear these high costs, limiting their ability to engage in extensive R&D. The financial burden can hinder the pace of innovation, especially for companies looking to enter the competitive automotive market.

Impact of Covid-19 on the Automotive Research And Development Services Market

Covid-19 pandemic significantly impacted the Automotive Research and Development Services Market by causing disruptions in manufacturing, supply chai...

In 2024, the ranking of the world’s largest car brands was topped by Toyota with a market share of around 10.7 percent. The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer. New trends in the auto industry In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently among those at the vanguard of the trend towards electrification, along with the Chinese car manufacturer BYD. Tesla delivered nearly 1.79 million vehicles in 2024, meaning that Volkswagen Group's sales tally is over five times as much. The state of the global auto industry Car sales worldwide have dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a slow recovery of sales in 2022. By the end of 2023, the global car sales volume had grown over pre-pandemic levels. China was the largest automobile market based on new passenger car registrations, recording close to 25.8 million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2023.

European car production is greatly affected by household income and consumer confidence, which dictates private sales at dealerships, which accounts for most sales. The level of business confidence and expansion plans influence fleet sales and orders from road freight operators. Industry revenue in Europe is forecast to drop at a compound annual rate of 5.1% to €987.8 billion over the five years through 2024, including a 2% dip in 2024. Squeezed household income led to lower dealership orders declining output and revenue from 2019 to 2024. Output tanked in 2020 because of the COVID-19 outbreak, which closed most European plants, damaging revenue. According to the European Automobile Manufacturers’ Association, EU car production fell by 23.5% and 6.7% in 2020 and 2021, respectively, though a backlog or order volumes helped sustain revenue. In 2022, production volumes expanded by 8.3% as downstream dealerships reopened. Car makers have contended with semiconductor shortages, which altered and led to suspensions in production schedules between 2021 and 2023. Industry revenue is forecast to expand at a compound annual rate of 3.9% to €1.2 tillion over the five years through 2029. European environmental policies will drive car production towards alternatively fuelled vehicles, significantly reducing petrol and diesel vehicle production. Many EU producers have announced plans to only make hybrid and plug-in electric vehicles in the coming years. The Netherlands, the UK, Germany, France and Spain have implemented bans on selling petrol and diesel vehicles starting in 2030. Car makers will benefit from efforts by EU governments to reduce carbon emissions, leading to funding for charge points and discounts for customers switching to hybrid and electric vehicles.

European car production is greatly affected by household income and consumer confidence, which dictates private sales at dealerships, which accounts for most sales. The level of business confidence and expansion plans influence fleet sales and orders from road freight operators. Industry revenue in Europe is forecast to drop at a compound annual rate of 5.1% to €987.8 billion over the five years through 2024, including a 2% dip in 2024. Squeezed household income led to lower dealership orders declining output and revenue from 2019 to 2024. Output tanked in 2020 because of the COVID-19 outbreak, which closed most European plants, damaging revenue. According to the European Automobile Manufacturers’ Association, EU car production fell by 23.5% and 6.7% in 2020 and 2021, respectively, though a backlog or order volumes helped sustain revenue. In 2022, production volumes expanded by 8.3% as downstream dealerships reopened. Car makers have contended with semiconductor shortages, which altered and led to suspensions in production schedules between 2021 and 2023. Industry revenue is forecast to expand at a compound annual rate of 3.9% to €1.2 tillion over the five years through 2029. European environmental policies will drive car production towards alternatively fuelled vehicles, significantly reducing petrol and diesel vehicle production. Many EU producers have announced plans to only make hybrid and plug-in electric vehicles in the coming years. The Netherlands, the UK, Germany, France and Spain have implemented bans on selling petrol and diesel vehicles starting in 2030. Car makers will benefit from efforts by EU governments to reduce carbon emissions, leading to funding for charge points and discounts for customers switching to hybrid and electric vehicles.

European car production is greatly affected by household income and consumer confidence, which dictates private sales at dealerships, which accounts for most sales. The level of business confidence and expansion plans influence fleet sales and orders from road freight operators. Industry revenue in Europe is forecast to drop at a compound annual rate of 5.1% to €987.8 billion over the five years through 2024, including a 2% dip in 2024. Squeezed household income led to lower dealership orders declining output and revenue from 2019 to 2024. Output tanked in 2020 because of the COVID-19 outbreak, which closed most European plants, damaging revenue. According to the European Automobile Manufacturers’ Association, EU car production fell by 23.5% and 6.7% in 2020 and 2021, respectively, though a backlog or order volumes helped sustain revenue. In 2022, production volumes expanded by 8.3% as downstream dealerships reopened. Car makers have contended with semiconductor shortages, which altered and led to suspensions in production schedules between 2021 and 2023. Industry revenue is forecast to expand at a compound annual rate of 3.9% to €1.2 tillion over the five years through 2029. European environmental policies will drive car production towards alternatively fuelled vehicles, significantly reducing petrol and diesel vehicle production. Many EU producers have announced plans to only make hybrid and plug-in electric vehicles in the coming years. The Netherlands, the UK, Germany, France and Spain have implemented bans on selling petrol and diesel vehicles starting in 2030. Car makers will benefit from efforts by EU governments to reduce carbon emissions, leading to funding for charge points and discounts for customers switching to hybrid and electric vehicles.

This data set includes stock information for the companies Tesla, Porsche, Nio and Ferrari for each day from the date 11/08/2019 to 11/08/2020. Specifically, it shows information about the opening, closing, maximum and minimum price of the session, as well as the volume, the dividends granted to investors and the presence of stock splits generated per day. This dataste has been created with the aim to analyze how the quotes have been evolving during the COVID-19 pandemic in the automotive sector.

The AccionesSectorAutomovil.xlsx dataset contains 4 sheets (TESLA, PAH3.DE, NIO, RACE ) and 9 variables per sheet:

• Fecha: date in dd/MM/yyyy format
• Abrir: value of the share at the market opening expressed in US dollars (USD)
• Max: maximum value of the share throughout the day expressed in USD
• Cierre*: value of the share at the close of the market expressed in USD
• Cierre ajus.*: estimated share value at market close, expressed in USD.
• Volumen: the amount of a specific asset invested in during a day.
• Dividends: money received by shareholders in the form of dividends that day.
• Stock Splits: Whether or not a stock split operation was carried out that day.

For more information about the project visit the link on Github

In 2020, due to the outbreak of the global coronavirus pandemic (COVID-19), changes in the functioning of car parts manufacturers were introduced. The majority, i.e., 90 percent of companies canceled external meetings, and 85 percent implemented a home office for employees, mainly in sales, orders, training, and accounting departments.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page.

p>According to Cognitive Market Research, the global Automotive Child Occupant Sensor market size is USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 15.00% from 2024 to 2031. North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.2% from 2024 to 2031. Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million. Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.0% from 2024 to 2031. Latin America had a market share for more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.4% from 2024 to 2031. Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 14.7% from 2024 to 2031. The Ultrasonic held the highest Automotive Child Occupant Sensor market revenue share in 2024. Market Dynamics of Automotive Child Occupant Sensor Market Key Drivers for Automotive Child Occupant Sensor Market Increasing awareness of child heatstroke deaths to Increase the Demand Globally Tragic cases of children perishing in hot cars due to heatstroke have sparked extensive problems. As a result, there's a burgeoning call for toddler presence detection systems in automobiles. These systems use diverse sensors to alert caregivers if a child is left unattended in an automobile, potentially preventing such heartbreaking injuries. This heightened awareness underscores the significance of technological advancements to safeguard susceptible individuals, mainly in environments liable to severe warmness. By integrating those progressive answers into cars, society can take proactive steps to mitigate the danger of heatstroke fatalities amongst youngsters, selling greater protection and peace of mind for families on the street. Government regulations to Propel Market Growth Governments globally are increasingly exploring laws mandating baby presence detection structures in new motors to address the alarming difficulty of heatstroke deaths among kids left unattended. For instance, the National Highway Traffic Safety Administration (NHTSA) in the US is actively thinking about such measures. These rules intention to make these life-saving technology trendy in motors, making sure that caregivers are alerted if a child is inadvertently left behind. By enacting and enforcing such legal guidelines, governments prioritize baby safety and emphasize the significance of preventive measures towards warmth-associated tragedies. Additionally, these regulations incentivize car manufacturers to combine superior safety features, similarly enhancing vehicle protection standards and shielding susceptible occupants. Restraint Factor for the Automotive Child Occupant Sensor Market High cost of the technology to Limit the Sales The integration of child presence detection structures into motors can indeed pose an extensive monetary hurdle for automakers. The state-of-the-art sensors and mechanisms required for those systems contribute to improved manufacturing fees, doubtlessly deterring a few manufacturers from great adoption. Additionally, worries approximately passing on these charges to consumers may additionally get up, impacting market acceptance. Despite the undeniable advantages in terms of protection and prevention of tragic incidents, the high fee of implementation remains a challenge. Governments and enterprise stakeholders may additionally want to discover incentives, subsidies, or collaborative projects to relieve economic burdens and inspire broader integration of these important technologies, in the long run prioritizing infant protection without unduly burdening manufacturers or purchasers. Impact of Covid-19 on the Automotive Child Occupant Sensor Market The COVID-19 pandemic has had a multifaceted effect on the automotive child occupant sensor market. Initially, lockdowns and economic uncertainty brought about a slowdown in car production and income, affecting the combination of recent safety technologies like child presence detection structures. However, as awareness of fitness and protection measures acceler...

This report aims to help you understand the impact of the COVID 19 outbreak on an automotive OEM Read More

As per Cognitive Market Research's latest published report, the Global Automotive Parts Magnesium Die Casting market size was $12.41 Billion in 2022. Automotive Parts Magnesium Die Casting Industry's Compound Annual Growth Rate will be 6.5% from 2023 to 2030. What is Driving Automotive Parts Magnesium Die Casting Market?

Swelling car sales across the globe

The need for vehicles has increased as the population has grown. Almost every family in the world owns at least one vehicle. People rely on automobiles as a need is drastically increasing. People use automobiles to commute to work, visit another state, go on vacation, and do daily errands. Vehicles, in reality, are the most extensively utilized equipment for transportation and other basic everyday necessities.

According to the study, global car sales increased to roughly 66.7 million vehicles in 2021, up from around 63.8 million units in 2020. Almost half of the worldwide customers (46 percent) are thinking about buying a car in the next 12 months, up from 35% in April 2020.

Moreover, due to COVID-19, several people prefer personal vehicles and avoid carpooling, public transport, and ridesharing in order to eliminate the risk of catching a contagious disease while traveling.

Survey results have stated that more than 60% of respondents have stated that they prefer a personal vehicle more after COVID-19 Pandemic.

Magnesium dies casting is lighter in weight, comparatively less expensive, and possesses excellent stiffness & strength-to-weight ratios and EMI & RFI shielding properties and has good castability. Magnesium is 75% lighter than steel, and 33% lighter than aluminium. Thus, magnesium dies casting are increasingly used for application where lightweight components are required.

In the automotive industry, manufacturers focus on employing lighter parts and components to create lighter vehicles, as lighter vehicles require less power/fuel to operate. Thus, several automotive industries use magnesium die castings as body components for automobiles. What is Automotive Parts Magnesium Die Casting?

Die casting is referred to the manufacturing process in which molten metal is injected into a hardened steel mold. Magnesium is considered among the lightest structural material, which is also among the most abundant elements found in the earth's crust. Owing to its excellent features such as lightweight, resistance to impact, high strength-to-weight ratio, 100% recyclable, and abundant material availability it is increasingly being deployed for automotive die castings applications.

European Union Motor Vehicle New Registered: CV: Bus & Coach (BC): Over 3.5t: EU 27 excl UK data was reported at 3,176.000 Unit in Dec 2022. This records an increase from the previous number of 2,359.000 Unit for Nov 2022. European Union Motor Vehicle New Registered: CV: Bus & Coach (BC): Over 3.5t: EU 27 excl UK data is updated monthly, averaging 2,489.500 Unit from Jan 2013 (Median) to Dec 2022, with 120 observations. The data reached an all-time high of 28,080.000 Unit in Mar 2017 and a record low of 849.000 Unit in Apr 2020. European Union Motor Vehicle New Registered: CV: Bus & Coach (BC): Over 3.5t: EU 27 excl UK data remains active status in CEIC and is reported by European Automobile Manufacturers' Association. The data is categorized under World Trend Plus’s Association: Automobile Sector – Table EU.TA013: European Automobile Manufacturers Association: No of Motor Vehicle: Newly Registered. [COVID-19-IMPACT]

Automotive Manufacturing Equipment Market size was valued at USD 7.38 Billion in 2024 and is projected to reach USD 15.88 Billion by 2031, growing at a CAGR of 11.1% from 2024 to 2031.

Global Automotive Manufacturing Equipment Market Drivers

Technological Developments: The automotive sector is always changing, and this is reflected in the requirement for increasingly complex production equipment due to developments in automation, robotics, and digitalization.
Demand for Electric Vehicles (EVs): As manufacturing facilities adapt to the change to electric vehicles, there is a growing need for specialised equipment designed for EV production.
Industry 4.0 Integration: By enhancing productivity, efficiency, and flexibility in the automobile manufacturing sector, Industry 4.0 technologies—such as big data analytics, artificial intelligence, and the Internet of Things—also encourage the adoption of cutting-edge machinery.
Strict Regulations and Emission Standards: In order to build cleaner and more fuel-efficient automobiles, compliance with strict environmental regulations and emission standards requires the use of modern production technology.
Globalisation and Outsourcing: In order to remain competitive and satisfy a range of consumer needs, there is a need to invest in state-of-the-art manufacturing equipment as globalisation and outsourcing of automobile production to emerging markets increase.
Resilient Supply Chains: The COVID-19 pandemic brought to light the significance of robust supply chains. To minimise delays and maintain output, automakers are investing in equipment that is versatile and adaptive.
Sustainable Manufacturing processes: Automotive manufacturers are being forced to adopt sustainable manufacturing processes due to regulatory demands and rising consumer awareness. This involves implementing eco-friendly procedures and energy-efficient machinery.
Growth in Automotive Sales: In order to satisfy production goals and quality requirements, there is an increasing demand for automobiles worldwide, particularly in growing nations. This has led to a need for modernised manufacturing facilities and equipment.

This report aims to help you understand the impact of the COVID 19 outbreak on an automotive OEM Read More

This report aims to help you understand the impact of the COVID 19 outbreak on an automotive OEM Read More

Electric Vehicles (EVs) surpassed 3.1 million sales in 2020, with majority of demand derived from Europe. Europe represents more than 45% of the global electric car sales, followed by China and the US. Europe surpassed China in EV sales in 2020 with 1.4 million EVs sold. The growth was driven by both existing policies and COVID stimulus measures. Globally, EV sales grew 40.9% YOY and accounted for 4% of car sales in 2020. However, large scale commercial production of EVs by the big car makers is unlikely to take off until 2025.
The COVID-19 pandemic outbreak caused a decline in the global auto industry, yet electric car sales did the opposite. The growth was supported by quick recovery in China and strong growth in Europe. Over the long term, EV market share is also more likely to increase in China and Europe compared to the US. Innovations in battery technology coupled with favorable regulatory policies will drive EV costs down, which in turn will drive increased adoption. Battery manufacturing is also ramping up, especially in Europe. The region is catching up with Asian rivals in battery manufacturing but requires more efforts to build a complete supply chain.
Power utilities, EV charging point operators, automakers, and EV charging hardware manufacturers, along with other auto industry stakeholders are also supporting increased investment into EV charging infrastructure. Utilities have an important role to play in boosting vehicle electrification. There is a lot of opportunity for those willing to invest in EV infrastructure and customer engagement. With planned investments and policies, the companies will be able to serve new markets. Power utilities are collaborating with EV manufacturers for boosting their offerings in areas such as EV charging, vehicle-to-grid (V2G) services, energy storage and renewable energy sources. Read More