In 2020, the largest share of aftermarket revenue of light vehicle parts in the Gulf Cooperation Council (GCC) region post the COVID-19 pandemic was from genuine and original equipment suppliers at about ** percent with a value of approximately *** million U.S. dollars. The aftermarket of light vehicles was expected to gradually recover from the pandemic with an expected cumulative annual growth rate of about *** percent in the period from 2021 to 2025 reaching approximately **** billion U.S. dollars by 2025.

Inspiration

With the covid 19 impact in the market, we have seen lot of changes in the car market. Now some cars are in demand hence making them costly and some are not in demand hence cheaper. With the change in market due to covid 19 impact, small traders are facing problems with their previous car price valuation machine learning models. So, they are looking for new machine learning models from new data.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average (CUSR0000SETA02) from Jan 1953 to Sep 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The global auto industry is anticipated to be affected by the outbreak of COVID-19 in all major markets. In a worst-case scenario, the industry's gross value added could be down 10.6 percent in 2020.

Data used in the article "Fear or price? Vulnerability of the interest in green transport to COVID dynamics and fuel prices in V4 economies" (DOI: 10.14254/2071-789X.2025/18-1/4). The data covers the period from January 2020 to the end of February 2023. It includes weekly data on consumer prices of petroleum products (PB95) inclusive of duties and taxes (data source: weekly oil bulletin prepared by the European Commission) and the results of Google search terms related to public transport, alternative transport and electric cars in Czechia, Germany, Hungary, Poland, Slovakia and Sweden. We considered the total Google search volume related to a given means of transport for various phrases in national languages. Lastly, we include the data on the number of confirmed COVID-19 cases per week cases provided by World Health Organization.The dataset consists of 6 files: Czechia, Germany, Hungary, Poland, Slovakia and Slovenia. Each file stores the analogous data collected for each country. Column names:PB - price (in Euro) of the 95-PB petrol;ecar - number of Google searches for the keywords related to electric cars;pubTR - number of Google searches for the keywords related to public transport;susTR - number of Google searches for the keywords related to alternative transport;pubTR_sa - de-seasoned number of searches for the keywords related to public transport;susTR_sa - de-seasoned number of searches for the keywords related to alternative transport;COV - number of COVID deaths.

Respondents in the U.S. revealed various incentives behind purchasing vehicles in the midst of the coronavirus pandemic in a survey conducted between ******** and **, 2020. The most common triggers included the number of cases declining, finding very attractive deals and offers, and governments starting to relax quarantine restrictions.

Arabam.com

It is a site that people can sell their own cars. There are around 150000 cars at all times. I scraped only around 50000 of them. Arabam.com

Explanation

There are prices of cars as Turkish Lira. If you want to exchange to dollar, you can use a 1/7.4 ratio.

Scraping

I used Excel VBA while I was scraping.

Inspiration

I had been thinking that why don't people use statistical tools while they buy something then I decided to scrap the prices of cars. Nowadays, the prices of cars increase relentlessly because of COVID 19. People do not want to use public transport and the owners of cars who know that, want to win much more money. At least, if people take account in which the car's price is so high than the mean or median, they aren't be fooled while they bargain.

Used Car Online Marketplace Market Outlook

According to our latest research, the global Used Car Online Marketplace market size reached USD 62.7 billion in 2024, reflecting a robust digital transformation in the automotive resale industry. The market is projected to expand at a CAGR of 10.3% from 2025 to 2033, reaching a forecasted value of USD 151.8 billion by 2033. This significant growth is underpinned by rising consumer confidence in online transactions, enhanced digital infrastructure, and the increasing demand for affordable personal mobility solutions.

One of the primary growth factors driving the Used Car Online Marketplace market is the growing consumer preference for digital-first experiences. As internet penetration deepens and smartphone adoption accelerates globally, more consumers are turning to online platforms to research, compare, and purchase used vehicles. Enhanced transparency, access to comprehensive vehicle histories, and the availability of digital financing and insurance solutions make online marketplaces increasingly attractive. The COVID-19 pandemic further accelerated this shift, as lockdowns and social distancing measures compelled both buyers and sellers to embrace digital channels. Furthermore, the integration of advanced technologies such as artificial intelligence, machine learning, and big data analytics enables platforms to offer personalized recommendations, price optimization, and fraud detection, all of which contribute to building consumer trust and streamlining the buying process.

Another key driver is the expanding inventory diversity and value-added services offered by online platforms. Unlike traditional dealerships, online marketplaces aggregate listings from OEMs, third-party dealers, and individual sellers, providing a vast selection of vehicles across various segments, fuel types, and price points. This aggregation not only increases the likelihood of buyers finding a suitable vehicle but also fosters competitive pricing. Additionally, platforms are investing heavily in value-added services such as certified pre-owned programs, home delivery, digital documentation, and after-sales support. These services address common pain points associated with used car purchases, such as concerns over vehicle condition, paperwork, and logistics, further incentivizing consumers to transact online.

The market is also benefiting from favorable macroeconomic trends and evolving consumer attitudes toward vehicle ownership. With inflationary pressures and economic uncertainties impacting disposable incomes, many consumers are opting for used vehicles as a cost-effective alternative to new cars. This trend is particularly pronounced among younger demographics, urban dwellers, and small businesses seeking affordable mobility solutions. Moreover, the proliferation of financial products tailored for used cars, including loans, leasing, and subscription models, is making ownership more accessible. The entry of established OEMs into the online resale space, either through proprietary platforms or partnerships, is further legitimizing the market and driving innovation in customer experience.

From a regional perspective, Asia Pacific is emerging as the fastest-growing market for used car online marketplaces, driven by rapid urbanization, a burgeoning middle class, and increasing digital literacy. North America and Europe also hold substantial shares, supported by mature automotive markets, high internet penetration, and a strong culture of vehicle ownership. Latin America and the Middle East & Africa, while currently smaller, are exhibiting promising growth trajectories as digital ecosystems mature and consumer trust in online transactions deepens. Regional dynamics such as regulatory frameworks, vehicle import/export policies, and local consumer preferences continue to shape market evolution and competitive strategies.

Vehicle Type Analysis

The Vehicle Type segment in the Used Car

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

Snapshot img

The hybrid and electric vehicle integrated drive unit market share is expected to increase by USD 11.85 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 57.94%.

This hybrid and electric vehicle integrated drive unit market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hybrid and electric vehicle integrated drive unit market segmentation by application (BEV and HEV) and geography (APAC, Europe, North America, South America, and MEA). The hybrid and electric vehicle integrated drive unit market report also offers information on several market vendors, including BorgWarner Inc., Continental AG, FEV Group GmbH, Hitachi Ltd., Magna International Inc., Meidensha Corp., Melrose Industries Plc, Meritor Inc., Robert Bosch GmbH, and Siemens AG among others.

What will the Hybrid And Electric Vehicle Integrated Drive Unit Market Size be During the Forecast Period?

Download Report Sample to Unlock the Hybrid and Electric Vehicle Integrated Drive Unit Market Size for the Forecast Period and Other Important Statistics

Hybrid And Electric Vehicle Integrated Drive Unit Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. Cost reduction achieved through the adoption of IDU is notably driving the hybrid and electric vehicle integrated drive unit market growth, although factors such as issues associated with batteries may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hybrid and electric vehicle integrated drive unit industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hybrid And Electric Vehicle Integrated Drive Unit Market Driver

Cost reduction achieved through the adoption of IDU is one of the major trends in the hybrid and electric vehicle integrated drive unit market growth. The total cost of ownership of EVs is higher than that of the internal combustion engine (ICE)-based vehicles, which is a crucial barrier to their adoption in the global automotive market. Regulatory authorities of various countries are offering incentives to reduce the cost of these vehicles, but still, the manufacturing cost is high for these vehicles. This keeps the price of EVs above ICE-based vehicles, even after incentives. Hence, EV manufacturers are continuously working on reducing the total cost of the vehicles. Factors such as declining battery prices are contributing to lowering the cost of EVs. EV manufacturers can also reduce the cost through the adoption of IDU over conventional powertrain. IDU is a characteristic of integrating components such as electric motor, inverter, and transmission into one unit. It offers a significant advantage in the form of cost to manufacturers

Key Hybrid And Electric Vehicle Integrated Drive Unit Market Trend

The growing popularity of fully IDU is one of the major trends in the hybrid and electric vehicle integrated drive unit market growth. In the recent past, the EV market witnessed the adoption of IDU that combined an electric motor with power electronics. This integration allowed suppliers to reduce the space and weight of the vehicle. As a result, IDU gained popularity in the EV market. The addition of the transmission into this IDU further enhanced the benefits, and this improved unit is called a fully IDU (electric motor, power electronics, and transmission in a single unit). The development of fully IDU offered significant weight reduction to EVs, which helps in enhancing mile range and provides higher efficiency when compared with a conventional powertrain. Hence, the demand for fully IDU is expected to increase during the forecast period. As a result, prominent suppliers such as BorgWarner, Bosch, and GKN Automotive are offering fully IDU.

Key Hybrid And Electric Vehicle Integrated Drive Unit Market Challenge

Issues associated with batteries are one of the major challenges to the hybrid and electric vehicle integrated drive unit market growth. The replacement of the battery can cost more than $1,000. The warranty factor does not imply that the battery will shut down after 1,000,000 miles. It is challenging to predict the performance versus years for different batteries from the given history. The drive for the adoption of eco-friendly vehicles is intended to combat global warming and drastic climate changes. This has led individuals to choose alternative-energy vehicles with a better fuel economy and minimal GHG emissions. However, range anxiety due to poor battery capacity is a deterrent to the adoption of EVs. Most EVs cannot cover more than 150 miles

The Global Vehicle Mounted Camera market was valued at USD 5.60 billion in 2022 and is projected to reach USD 15.21 billion by 2030, registering a CAGR of 13.3% for the forecast period 2023- 2030. Factors Affecting Vehicle mounted Camera Market Growth

Growing incidences of road accidents will impact Vehicle Mounted Camera Market

The growing incidences of road accidents are a concerning global issue with multiple contributing factors. While vehicle-mounted cameras can help in documenting and understanding these accidents, it is crucial to address the broader causes and work toward prevention. For instance, according to the Ministry of Road Transport & Highways, during the year 2021, a total number of 4,12,432 road accidents have been reported in the country, claiming 1,53,972 lives and causing injuries to 3,84,448 persons. In addition, the National Highway Traffic Safety Administration has released its latest projections for traffic fatalities in 2022, estimating that 31,785 people died in traffic crashes in the first nine months of the year.

The vehicle-mounted camera is one of the important tools to enhance safety and security on the roads. Vehicle-mounted cameras provide a sense of protection and reassurance to drivers by recording potential accidents, road rage incidents, and other dangerous situations. This footage can serve as evidence and aid in resolving disputes. In addition, vehicle-mounted cameras play a crucial role in documenting accidents. They provide an objective and unbiased account of the events leading up to a collision, which can be helpful for insurance claims, legal proceedings, and police investigations. Dash cam footage can provide a clearer understanding of the circumstances surrounding an accident and assist in determining liability. The growing interest in carpooling among millennials is also expected to impact the vehicle-mounted camera market

The high Cost of Vehicle mounted cameras may hinder the growth of Vehicle Mounted Camera Market

While dash cams are available at various price points, higher-quality cameras with advanced features can be relatively expensive. The cost of purchasing and installing a high-quality dash cam, along with potentially recurring costs for storage or data plans, may be a deterrent for individuals on a tight budget.

Impact of the COVID-19 pandemic on the Vehicle Mounted Camera Market:

Sales of new cars were severely impacted by COVID-19, particularly in the month of February 2020. For instance, new vehicle sales in China decreased by 92% in February. Additionally, total car sales in European nations decreased by 7.4% from the previous year. Therefore, the pandemic in 2020 had an impact on the sale of cameras for vehicles as well. However, the significant increase in motor vehicle sales that has been observed in order to restrict usage in congested and public areas may have a favorable impact on the market's expansion in the years to come. Introduction of Vehicle mounted Camera

Small video cameras, also referred to as dash cams or car cameras, are typically positioned on a vehicle's dashboard, windscreen, or rearview mirror. These cameras are made to capture images of the area around the car while it is moving or stationary. In cases of crashes or accidents, dashcams can give critical evidence. The videotape can be used to establish liability and support insurance claims. When the car is parked, these cameras can prevent theft, vandalism, and other illegal activity. They can record ominous activity and function as a deterrent to potential offenders. Some insurance providers provide unique rates or discounts for cars with dash cams. Reviewing events, assisting with driver training, monitoring driver performance, tracking safety improvements over time, enhancing road safety, and combating false claims are just a few advantages of this camera. increasing your responsibility to drivers, lowering the possibility of vehicle damage, and decreasing insurance costs.

According to Cognitive Market Research, the global Car Smart Key market size is USD 12581.6 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 5032.64 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 3774.48 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 2893.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 629.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 251.63 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.
The OEM held the highest Car Smart Key market revenue share in 2024.

Market Dynamics of Car Smart Key Market

Key Drivers for Car Smart Key Market

Emergence of Hybrid and Electric Vehicle Drives Market Growth

The trend of electric cars (EVs) is currently spreading throughout the world as consumers continue to look for alternatives to internal combustion engines due to a variety of issues, including fluctuating oil prices and environmental concerns. It is difficult for drivers in the 19th century to envision driving an electric car today. These automobiles can offer the safety and convenience that modern consumers desire, from active services and remote vehicle access to smart driving. Electric vehicles have made great progress toward actively improving the environment we live in. Cars release a lot of carbon dioxide into the atmosphere, which increases our susceptibility to pollutants and other greenhouse gasses. The automobile industry's future lies with electric vehicles or EVs. While some automakers design all of their models with proactive and electric usage in mind, others also sell hybrid cars that combine the use of natural gas and electricity. Thus, electric and hybrid cars with cutting-edge safety and security features are the way of the future for the automobile industry. The global market for car smart keys will shift as a result of the rising demand for these keys.

Rising Consumer Demand for Advanced Vehicle Access to Propel Market Growth

Modern consumers demand seamless, simple-to-use experiences in everything from their everyday encounters with cars to other facets of their lives. In keeping with this expectation, smart keys that offer push-button ignition, keyless entry, and remote capabilities are becoming more and more common in automobiles. Consumer demand for cars with cutting-edge features that not only make daily duties easier but also give off an impression of beauty and modernity is driving the need for advanced vehicle access solutions. How technology is evolving demonstrates this trend.

Restraint Factor for the Car Smart Key Market

High Initial Cost to Limit the Sales

The integration of cutting-edge technology into cars to enable smart key systems comes with significant upfront expenditures, which could deter buyers on a tight budget and limit market penetration. The broad implementation of these technologies in various vehicle sectors is hindered by the manufacturers' incapacity to offer reasonably priced solutions. Consequently, the perceived financial barrier impedes the smooth adoption of smart key technologies in the automotive industry, hindering the transition from traditional key systems to more sophisticated and advanced access solutions, despite the potential long-term benefits.

Impact of Covid-19 on the Car Smart Key Market

The COVID-19 pandemic has caused significant disruptions to the automotive sector. As a result, manufacturing sites have closed, and sales volume has decreased. Additionally, in 2020 there was less of a need for passenger and commercial automobiles. Since the manufacturing of cars is directly correlated with the demand for car smart keys, the anticipated decline will have a negative impact on the market for car smart keys. It's possible that R&D funding would be cut, which will impede smart vital innovation. Nonetheless, bus...

In the United States, the average selling price for a new light vehicle came to around ****** U.S. dollars in 2024. New light vehicles were about *** percent more expensive in 2024 than in 2023. What is the price of a new car in the U.S.?     New automobiles and light trucks were on around ****** U.S. dollars more expensive than used light vehicles: the average selling price for used vehicles amounted to about ****** U.S. dollars in 2024. This increasing price gap between new and used vehicles is partly linked to the industry's recovery from the semiconductor shortage, which led to higher new vehicle inventory and reduced pressure on the used vehicle market. The semiconductor shortage  The hike in prices across the board recorded in 2022 can be in part attributed to the global automotive chip shortage, which started in 2021 as demand rebounded from the COVID-19 pandemic. The average price rise could be observed across segments, with new full-size SUV/crossover vehicles averaging ****** U.S. dollars as of December 2022.

Snapshot img

The online car buying market share is expected to increase by USD 214.41 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.4%.

This online car buying market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the online car buying market segmentations by Class Type (pre-owned and new vehicle) and Geography (North America, Europe, APAC, South America, and Middle East and Africa). The online car buying market report also offers information on several market vendors, including American City Business Journals Inc., Asbury Automotive Group Inc., AutoNation Inc., CarGurus Inc., CarMax Inc., Cars & Bids LLC, Cars.com Inc., Cars24 Services Pvt. Ltd., CarSoup of Minnesota Inc., Carvago, Carvana Co., Cox Enterprises Inc., eBay Inc., Edmunds.com Inc., Hendrick Automotive Group, Lithia Motors Inc., MH Sub I LLC, Miami Lakes Automall, and TrueCar Inc., among others.

What will the Online Car Buying Market Size be During the Forecast Period?

Download Report Sample to Unlock the Online Car Buying Market Size for the Forecast Period and Other Important Statistics

Online Car Buying Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global online car buying market.

Key Online Car Buying Market Driver

The increasing adoption of e-commerce and technological advancements in online channels are key factors driving the global online car buying market growth. Technological advancements such as the development of smartphones and rising Internet penetration are spurring the use of e-commerce applications to boost the sales of businesses, while the introduction of hybrid and electric vehicles has changed the buyers' position in the global online car buying market. With the aid of online technology, consumers are learning more about the vehicle, the on-road prices of new automobiles, residual value, third-party profit margins, and other factors for used cars. Additionally, growing urbanization, an increase in Internet connectivity, and the growth of the telecom industry have made it possible for the general public to access information much more easily. Online car dealers are increasingly using these factors to advertise their vehicles and disseminate information about them. The sale process has been streamlined on web platforms, which also makes it possible for more stakeholders to sell and acquire used cars. Thus, the growing e-commerce industry and the increasing adoption of technological advancements by vendors will propel the growth of the global online car buying market during the forecast period.

Key Online Car Buying Market Trend

Easy online financing will fuel the global online car buying market growth. Financing options are widely available on many car-buying websites, which encourages customers to get preapproval for loans before they even start looking for cars on their websites. According to a survey, 71% of customers choose to finance through the site where they purchased their car. These customers are highly satisfied with the financing options available on car-buying websites. Hassle-free loan applications and favorable interest rates attract more customers to opt for online financing options. For instance, AutoNation Inc. provides hassle-free auto financing options for every customer according to his or her needs and requirements. The company offers a wide range of finance programs that makes auto financing simple and clear. To provide a variety of financing and leasing alternatives, AutoNation has partnered with hundreds of banks in the US. Owing to such easy financing options, customers are attracted to online car-buying options. Thus, the availability of hassle-free and paperless online auto finance provided by car-buying websites will fuel the growth of the global online car buying market during the forecast period.

Key Online Car Buying Market Challenge

Limited customer awareness and acceptance in semi-urban and rural areas are the major challenges to the global online car buying market growth. Buying a car online is still an urban concept despite its prevalence and its numerous advantages. The acceptance of buying a car through online channels is low in semi-urban and rural areas. Buying cars online has not penetrated a large portion of the population, particularly in developing countries such as India. In emerging economies, including India, China, and Indonesia, a car is considered a status symbol. Thus, customers in such countries generally prefer to buy a car through physical stores where they can physically inspect the features of the car. For the middle-class population, buying a car is a major in

According to Cognitive Market Research, The Global automotive tuner market is USD 6.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 6.80% from 2023 to 2030.

The demand for automotive tuners is rising due to the Consumer desire for high-performance engines and fuel-efficient vehicles is increasing.
Demand for Hardware Component remains higher in the automotive tuner market.
The Direct Sales category held the highest automotive tuner market revenue share in 2023.
Asia Pacific automotive tuner will continue to lead, whereas the North American automotive tuner market will experience the most substantial growth until 2030.

Consumer Desire for High-performance Engines and Fuel-efficient Vehicles to Provide Viable Market Output

Due to government rules and regulations governing car manufacturing, OEMs may only produce vehicles that meet precise standards for vehicle power output. Furthermore, automobiles with powerful engines are expensive and can only be afforded by some customers. As a result, consumers seek aftermarket automobile tuning to improve the performance of their vehicles. For example, the consistent increase in vehicle purchases, car parks, and demand for vehicle tuning & ECU mapping have all contributed to the expansion of the automotive tuner market.

Rise in Aftermarket Vehicle Repair & Services to Propel Market Growth.

The automobile tuner market is expanding due to increased aftermarket vehicle maintenance and services. As automobile owners want to increase the longevity and performance of their vehicles, the demand for aftermarket modifications and tuning solutions is increasing. A growing understanding among fans of the advantages of customized upgrades, increased customization, and improved aesthetics is driving this trend. The emphasis on specialist maintenance and tuning services in the aftermarket sector contributes significantly to the growth of the automobile tuner market, indicating a broader shift toward personalized personalized performance-focused vehicle upgrades.

Market Dynamics of Automotive Tuner

Rise in Engine Upgrading Cost to Restrict Market Growth

The car tuner sector faces issues as engine upgrade costs have risen significantly, affecting enthusiasts and corporations. As automobile technology advances, the complexity of engine components increases and so does the expense of aftermarket changes, particularly engine improvements. This increase financially puts some consumers out of reach, limiting their capacity to invest in high-end tuner upgrades. Increased upgrading prices impact enterprises in the automobile tuner industry, potentially impeding market expansion. Maintaining consumer interest and ensuring the continuous expansion of the automobile tuner business requires striking a balance between technological advancements and price.

Impact of COVID–19 on the Automotive Tuner Market

COVID-19 has created significant disruption in the automotive and transportation industries, which are the primary users of automobile tuners. Because the government has imposed lockdowns in recent months, the demand and supply of automobile tuners have been impacted. Furthermore, COVID-19 has impacted major countries' economies, cutting people's income and impacting automotive sales. Furthermore, all car repair and maintenance shops are closed due to lockdowns, negatively impacting the automotive tuner industry. Automotive tuning is a developing industry impeded by the COVID-19 pandemic, which has interrupted all production and installation in the afflicted countries. Also, the pandemic labour shortage impacted the automotive tuner industry since people had to keep social distance and avoid travelling due to limitations. Introduction of Automotive Tuner

To tune the output of a vehicle, an automotive tuner comprises both hardware and software. It allows customers to improve vehicle efficiency and provides information on torque and horsepower. Most engine parts are tweaked to increase the engine's power delivery. Automotive tuners are used to improve a car's performance by installing additional components such as electronic control unit (ECU) software upgrades, which allow the vehicle to run more efficiently, produce more power than standard software and hardware, and increase fuel mileage. The increased demand for high-performance vehicles allows auto repair and maintenance busi...

Snapshot img

Car Fleet Leasing Market in US Report 2021-2025

The car fleet leasing market in US has the potential to grow by USD 149.17 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 1.27%.

This car fleet leasing market research in US report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (IT industry, food and beverage industry, pharmaceuticals industry, and others), and type (open-end lease and close-end lease).

What will the Car Fleet Leasing Market Size in the US be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Car Fleet Leasing Market in US

Get Your FREE Sample Now!

Car Fleet Leasing Market in US: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth of auto leasing market in the US is notably driving the car fleet leasing market growth in US , although factors such as market uncertainty may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the car fleet leasing industry in US get your FREE report sample now.

      The vehicle price in the US is increasing year-over-year.
      Many major car manufacturers have been increasing their selling price in recent years.
      Although the millennial population is increasing, the US still has around 48% of the middle-class population who are not in the position to afford this price hike. This forces them to opt for a leasing of vehicles.
      There is a USD 100 difference in new vehicle purchase and vehicle lease.
      Experian, one of the automotive lending companies, found that the first quarter payment for an average new vehicle loan is around USD 488, whereas the first quarter lease payment for an average vehicle is around USD 405.
      Experian also found the use of leased vehicles in the market is growing rapidly, as the number of new vehicles registered for lease has been increasing consistently.
      The above factors shows that the car leasing market in the US will grow significantly in the future because of the middle-class population, who face financial difficulties in affording a car due to the car price hike.




      The SME sector in the Americas is growing at a faster pace.
      There are more than 650,000 franchised small businesses in the US, which account for 40% of all retail sales.
      The SME sector is also in a position to take care of employee convenience services such as the big business sectors, to retain their employees.
      The only problem that SMEs face is related to access to finance.
      As they are an emerging sector, they need a significant capital to grow their core business.
      In this phase, non-core capital investments, including employee-transportation vehicles, can take away the liquidity needed for their business.
      SMEs opt for vehicle leasing. Over the past four years, a significant number of SMEs in the US market made use of vehicle leasing.
      Opting for vehicle leasing allows SMEs to finance the full purchase price of the vehicle without any collateral.
      Car fleet leasing reduces the overall fleet maintenance burden on SMEs.
      SMEs opting for vehicle leasing owing to cost advantages will drive the car fleet leasing market growth in the coming years.

This car fleet leasing market analysis in US report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Car Fleet Leasing Market in US Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

ALD SA
Arval Service Lease
Autoflex Leasing
Avis Budget Group Inc.
Corporate Fleet Services Inc.
Enterprise Holdings Inc.
Hertz Global Holdings Inc.
LeasePlan Corp. NV
Sixt SE
Wheels Inc.

The car fleet leasing market in US is fragmented and the vendors are deploying growth strategies such as technological advancement to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the car fleet leasing market forecast in US report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

What are the Revenue-generating End-user Segment

As per Cognitive Market Research's latest published report, the Global Solar Powered Car market size was $1,034.6 million in 2022. Solar Powered Car Industry's Compound Annual Growth Rate will be 24.5% from 2023 to 2030. What is Driving Solar Powered Car Market?

Growing awareness about the adverse climate impacts of fossil-fuelled cars has evoked considerable interest in solar-powered cars. Rising solar energy projects in developed and developing regions and increasing demand for clean energy in transportation are factors expected to fuel the growth of the global market to a certain extent.

Initiatives by governments in various countries to reduce emissions from the transportation industry, mainly through the implementation of emission regulations, are catalyzing the demand for solar-powered cars over the forecast period. Solar-powered cars reduce the environmental impact by decreasing or eliminating fuel consumption. Furthermore, they provide noise-free operation and require low maintenance compared to ICE-based cars. Hence, an increase in vehicular emission concerns and the eco-friendly operation of these cars are driving the growth of the market.

Most automobiles across the world get their ignition from fossil fuels like diesel and petrol. However, Fuel supplies have significantly decreased recently, and rising personal mobility demand, particularly in China and India, has increased energy use even further. Although solar cars have a significantly lower average cost per mile than conventional fuel-powered cars, consumers have been compelled to convert to these options due to growing fuel prices. So, a rise in demand for energy-efficient sources for car operation is attributed to the growth of the solar car market.

Solar Powered Car Market: Restraints

As compared to cars powered by IC engines, the operating efficiency of solar-powered cars is lower. These cars rely on batteries, which have a meager driving range. The automobile battery won't charge if there is a prolonged outage of energy, which makes operation in poor weather conditions a significant issue. Additionally, compared to conventional cars, solar-powered cars are not as fast or powerful. Since consumer adoption has been poor, these obstacles are mostly to blame, which could impede the market for solar-powered cars from expanding globally.

Solar Powered Car Market: Trends

The growth of the solar-powered car market has been significantly influenced by government subsidies for the adoption of solar-powered cars. Solar-powered cars are different from electric cars in that they do not need a charging station. It has to be charged at a charging station only when it is dark outside. Due to the significantly low maintenance and operating costs of solar-powered cars, the market is anticipated to grow at a considerable rate throughout the projected period. The market for solar-powered cars is forecast to grow as it is anticipated that solar-powered cars would be even more cost-effective than electric cars.

COVID-19 Impact:

Due to the worldwide lockdowns caused by the COVID-19 epidemic, the market for solar-powered cars was significantly impacted. Global automakers may experience product shortages because of supply chain disruptions worldwide. The goal of manufacturers is sustained corporate expansion as economies work to recover from the effects of the pandemic. Companies are attempting to modify production and customer supplies as demand is now returning to normal. Government incentives enhanced the demand for EVs and related markets in 2021. Top charging station manufacturers and network operators are increasing the availability of both private and public EV chargers. New safety measures were taken by the government and major industry players to advance production techniques. In the post-pandemic environment, the increased sales of electric and hybrid vehicles are anticipated to further fuel market expansion. Introduction of Solar Powered Car:

Solar-powered car is an electric vehicle that uses integrated solar panels in order to generate electric energy. The solar panel's photovoltaic cells convert solar energy into electric energy, which is subsequently stored in the car's battery. The demand for this solar-powered car is being fuelled by falling battery prices, sophisticated manufacturing techniques for solar panel integration, and the rising use of environmentally friendly cars. These factors are pro...

According to Cognitive Market Research, the global all-wheel control technology market size will expand between 2023 to 2030 at an approximate compound annual growth rate (CAGR) of 8.80%. Increasing Demand for Improved Vehicle Stability, Safety, & Enhanced Driving Dynamics to Provide Viable Market Output

The rising accident incidence has motivated countries to enact strict car safety regulations.

The lives of almost 1.3 million people are cut short annually due to traffic accidents. Injuries that are not fatal affect another 20 to 50 million people, many of whom go on to develop disabilities.

(Source:www.who.int/news-room/fact-sheets/detail/road-traffic-injuries)

The European Union and the US government are at the forefront of automotive safety standards. As a result, OEMs are introducing vehicles with integrated safety technologies that control the vehicle's stability and safety while enhancing driving dynamics. All-wheel control systems, as opposed to RWD or FWD systems, enhance the vehicle's stability by enhancing its capabilities through increased traction. As a result, the demand for these all-wheel control systems is increasing in established regions like Europe and North America, but in emerging markets like Asia-Pacific and the rest of the world, this growth is steady because there are no such safety restrictions.

Market Dynamics of All Wheel Control Technology

High Cost of All-Wheel Drive System Compared to 4WD and 2WD to Impede Market Growth

A car with an all-wheel control system will cost more than a conventional FWD or RWD drive system. The cost of an all-wheel control system and a 4x4 system can range from $1,000 to $4,000, depending on the type of systems and components employed. This limits the market for all-wheel control technology because it raises the overall cost of the car. Even if vehicles with AWD or 4WD systems have higher resale values, the initial cost of the car is high. The AWD system is expensive to install and maintain because all four tires must be replaced simultaneously, in addition to its high original cost. This might limit the development of an all-wheel control system.

Impacet of COVID-19 on the All-Wheel Control Technology Market

The worldwide automobile industry is expected to be significantly impacted by the COVID-19 pandemic. Governments worldwide are driven to impose rigorous lockdowns and restrictions on transportation and trade as a strategy to contain the new coronavirus as it spreads. The global automotive industry has been significantly impacted by China's lockdown of its industries in the first quarter of 2020, and as a result, the market for all-wheel control technology is anticipated to grow more slowly than initially anticipated. But as more sectors of the Chinese economy have opened up, production and other activities have restarted, and as a result, the market is anticipated to show tepid signs of recovery. Introduction of All Wheel Control Technology

An all-wheel-drive system distributes power to all four vehicle wheels to enhance vehicle control. The AWD system employs a secondary axle before the slippage occurs to evenly distribute the torque between the axles when the car turns. The driver can also choose the required torque to turn the wheels. The electronic AWD systems are turned on. During the forecast period, the worldwide all-wheel control technology market is anticipated to grow as demand for electric vehicles and vehicle technologies to cut emissions rises.

Increased sales brought the total number of electric vehicles on the road to 26 million, an increase of 60% from 2021. In absolute terms, the rise in sales from 2021 to 2022 was 3.5 million higher than the rise from 2020 to 2021.

(Source:www.iea.org/reports/global-ev-outlook-2023/trends-in-electric-light-duty-vehicles)

The rising industrialization of many emerging nations worldwide is one of the major elements that will drive the market's expansion during the anticipated term.

Snapshot img

The light commercial vehicle market share is expected to increase by 1436.98 thousand units from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 1.5%.

This light commercial vehicle market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers light commercial vehicle market segmentations by type (conventional fuel vehicles and alternative fuel vehicles) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The light commercial vehicle market report also offers information on several market vendors, including AMG Corp, Ashok Leyland Ltd, Cummins Inc., Daimler Truck Holding AG, Ford Motor Co., GAZ International LLC, General Motors Co, Honda Motor Co. Ltd, Hyundai Motor Co, Isuzu Motors Ltd, JAC Inc., Kia Motors Corp, Mahindra and Mahindra Ltd., Maruti Suzuki India Ltd., Nissan Motor Co. Ltd., Robert Bosch GmbH, Tata Motors Ltd, Toyota Motor Corp, and Volkswagen AG among others.

What will the Light Commercial Vehicle Market Size be During the Forecast Period?

Download Report Sample to Unlock the Light Commercial Vehicle Market Size for the Forecast Period and Other Important Statistics

Light Commercial Vehicle Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The rising penetration of downsized engines in LCVs to drive vehicle price is notably driving the light commercial vehicle market growth, although factors such as the implementation of fuel-efficiency standards resulting in increased prices of LCVs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the light commercial vehicle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Light Commercial Vehicle Market Driver

The rising penetration of downsized engines in LCVs to drive vehicle prices is one of the key drivers propelling the light commercial vehicle (LCV) market growth.
Vehicle manufacturers are increasingly developing downsized engine blocks for decreasing curb weight, improving fuel efficiency, and limiting the formation of emissions. 
Most vehicle manufacturers equip turbochargers within diesel and gasoline engines to facilitate more air to be taken in for combustion. 
Gasoline engine turbochargers are made of composite materials that can resist high operating temperatures produced at a high rate of rpm. They also weigh significantly more than their diesel engine counterparts. 
The rising preference for fuel-efficient LCVs in China and India is expected to drive the market of turbocharged downsized engines in these countries. This is expected to drive the LCV makers to use turbochargers in their gasoline and diesel LCV models. 

Key Light Commercial Vehicle Market Trend

Electric LCVs for facilitating last-mile connectivity is one of the key light commercial vehicle (LCV) market trends fueling the market growth.
Automotive makers are increasingly researching raising the reliability of electric vehicles.
The lack of proper charging stations and limited power capacity batteries are the main drawbacks of electric vehicles.
Vehicle manufacturers are undertaking various experimental operations involving the usage of electric vehicles to troubleshoot the various issues faced by the vehicle in a real-world scenario. However, unlike passenger cars, LCVs require more power to be effective in hauling passengers or cargo.
Vehicle manufacturers have begun using electric LCVs in real-world scenarios to test their ability and endurance of electric LCVs. This, in turn, will fuel the market growth during the forecast period.

Key Light Commercial Vehicle Market Challenge

The implementation of fuel-efficiency standards resulting in increased prices of LCVs is one of the factors impeding the light commercial vehicle (LCV) market growth.
Implementation of fuel efficiency standards for LCVs will increase the prices of vehicles by about $4,500 per vehicle. Vehicle manufacturers will equip the vehicle's engine with numerous pieces of equipment to reduce the consumption of fuel.
The US is planning to upgrade fuel-efficiency standards for the fleet of LCVs owned by LCV manufacturers, which is expected to increase the cost of LCVs considerably and lead to a decline in sales of LCVs during the forecast period. 
Increased electrification of automotive components will cause a significant increase in the prices of vehicles. Hence, an increase in the cost of LCVs will further lead to a decline in sales of LCVs during the forecast period.

This light commercial vehicle market analysis report also provi

This study explores the linkage between acute SARS-CoV-2 and car crashes across U.S. states, correlating with COVID-19 mitigation strategies, vaccination rates, and Long COVID prevalence. This investigation analyzed aggregate COVID-19 and car crash data spanning 2020–2023, with data collection occurring between March and May 2024. Analysis was done via a Poisson regression model, adjusted for population. Key variables included vaccination status, month-specific effects relating to initial pandemic shutdowns, and Long COVID rates. Results demonstrated a significant association between acute COVID-19 infections and an increase in car crashes, independent of Long COVID status to the tune of an OR of 1.25 [1.23-1.26]. This association was observed despite varying mitigation efforts and vaccination rates across states. The study found no protective effect of vaccination against car crashes, challenging prior assumptions about the benefits of vaccination. Notably, the risk associated with COVID-19 was found to be analogous to driving impairments seen with alcohol consumption at legal limits. Findings suggest significant implications for public health policies, especially in assessing the readiness of individuals recovering from COVID-19 to engage in high-risk activities such as pilots or nuclear plant employees. Further research is necessary to establish causation and explore the exact effects of COVID-19 within the CNS affecting cognition and behavior.