In 2020, light vehicle sales worldwide declined by almost ** percent. By 2024, the market had increased well over pre-pandemic levels, despite supply chain issues, surges in automotive layoffs, and strikes in North America. In North America, around **** million light vehicles were sold in 2024. Light vehicle sales were to be around **** million units in the United States, North America's largest market, up from around **** million units one year earlier. Semiconductors Thrive Amidst the brewing tension brought forth due to the COVID-19 pandemic and global conflict, the semiconductor supply chain saw significant disruptions. Seemingly, one would expect that particular industry to have suffered greatly from such disruptions, but despite everything, global semiconductor industry revenue actually increased during 2020 and beyond, going from *** billion U.S. dollars in 2019 up to *** billion in 2022. In 2023, and even more so in 2024, the demand for semiconductors has surged, with companies like NVIDIA having nearly *** trillion U.S. dollars of market capitalization. Automotive Supply Global automotive suppliers, such as Bosch and Denso, suffered losses during the same period of instability in recent years, where the top 10 leading global automotive suppliers saw decreases in revenue from *** billion U.S. dollars in 2019 to *** billion dollars in 2020. These revenues bounced back in 2021 and beyond, reaching *** billion dollars in 2022. In particular, the earnings before interest and taxes (EBIT) margins of nearly every automotive supply segment have bounced back from the reported disruptions; this includes original equipment manufacturers, and software suppliers.

In 2018, China accounted for **** percent of the global vehicle sales, slightly decreasing from **** percent in 2017. China remained to the world's largest automobile market based on the sales volume.

Snapshot img

The automotive dashboard market share is expected to increase by 17.69 million units from 2021 to 2026, at a CAGR of 3.70%. This automotive dashboard market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The automotive dashboard market report also offers information on several market vendors, including Continental AG, Dongfeng Motor Parts and Components Group Co. Ltd., Faurecia SE, Lear Corp., Marelli Holdings Co. Ltd., Minda Corp. Ltd., SAIC Motor Corp. Ltd., Sterling Technologies Inc., Toyoda Gosei Co. Ltd., and Visteon Corp. among others. Furthermore, this report extensively covers automotive dashboard market segmentation by vehicle type (passenger vehicles and commercial vehicles) and geography (APAC, North America, Europe, South America, and MEA).

What will the Automotive Dashboard Market Size be During the Forecast Period?

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Automotive Dashboard Market: Key Drivers, Trends, and Challenges

The rising adoption of advanced driver assistance systems is notably driving the automotive dashboard market growth, although factors such as sharp decline in automobile production and sales 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 automotive dashboard industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Dashboard Market Driver

One of the key factors driving growth in the automotive dashboard market is the rising adoption of advanced driver assistance systems. The adoption of advanced driver assistance systems coupled with the increasing levels of electrification in vehicles are transforming the dashboards of both passenger and commercial vehicles. The role of infotainment systems will become primary for the smooth operation of the vehicles and for ensuring passengers' safety, security, and comfort. With the evolution of technology, automotive dashboards will undergo significant changes in the near future, provisioning an enormous scope for the market to expand during the forecast period. The trends in the automotive industry, such as connected vehicles, autonomous vehicles, and electric vehicles, will shift the focus of automakers to interiors for product differentiation to attract customers. Thus, it would further propel the demand for innovative and up-to-date automotive dashboards during the forecast period.

Key Automotive Dashboard Market Trend

The technological developments creating demand for digital dashboards is another factor supporting the automotive dashboard market share growth. With the advancements in technology, newly introduced dashboards have also been integrating the display of gauges and controls, as well as information, climate control, and entertainment systems. The demand for digital dashboards is largely dependent on sales of premium and luxury vehicles, as these dashboards are of high cost due to the integration of the latest technology. The was a gradual rise in the demand for luxury and premium vehicles in 2021 leading to a rise in demand for digital automotive dashboards. The increase in demand for luxury and premium vehicles will further drive the demand for digital dashboards during the forecast period leading to significant growth in the global automotive dashboard market.

Key Automotive Dashboard Market Challenge

The sharp decline in automobile production and sales will be a major challenge for the automotive dashboard market during the forecast period. All passenger vehicles and commercial vehicles have a dashboard. Therefore, the overall production and sales of automobiles will impact the global automotive dashboard market. Since 2018, the global automotive market has been registering a slump in sales and production, leading to a decline in the demand for several automotive components, such as automotive dashboards. In other major automotive manufacturing countries, such as India, Japan, and the US, automotive production registered growth during 2017-2018. However, a slowdown in the growth rate of the sales of vehicles in 2019 and 2020 is increasing the inventory cost for OEMs and compelling them to reduce or temporarily stop production. Such factors adversely affect automotive sales and production, which further reduce the demand for automotive components and parts in the global automotive market and hamper the growth of the global automotive dashboard market.

This automotive dashboard market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trend

Snapshot img { margin: 10px !important; } Overview of the automotive active body panel market

According to Technavio’s automotive active body panel market research report the increase in number of road accidents is one of the primary factors that will trigger the automotive active body panel market growth in the coming years. With the advent of new technologies, products, and solutions, the automotive industry is rapidly evolving. Road accidents are the primary reason for the growing development of advanced safety technologies and solutions. It has been observed that millions of people die on the road every year due to on-road collisions across the world. Rising traffic deaths and fatality rates have compelled the government to issue strict automotive safety norms. The basic safety systems have been enhanced by integrating frontal airbags, anti-lock braking system (ABS), or electronic brakeforce distribution (EBD). Our market research analysts predict that in terms of units, this market will grow at a CAGR of more than 8% by 2022.

The development of energy-storing body panels is one of the key automotive active body panel market trends. With the advent of automotive electronics, all-electric cars are being developed as a promising alternative to the internal combustion engine (ICE) driven vehicles. Lithium-ion battery used in electric vehicles posses several disadvantages. To fix this problem, the automakers are focusing on developing technologies that can be a better alternative to EV batteries. This has led to the development of body panels that can store energy and act as a charger for electric vehicles.

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Companies covered

The automotive active body panel market is highly concentrated due to the presence of few established players. This industry research report provides an in-depth analysis of the competitive environment in the lightweight automotive body panels market among the leading vendors. Moreover, our analysts also provide key areas that the vendors should focus on to sustain the competitive environment and gain maximum market share.

The report includes an analysis of a number of companies in this marketspace including -

Daimler
Ford
GM
HONDA
Nissan
Porsche
Volvo Car

Segmentation by application and analysis of the automotive active body panel market

Front
Rear

The front segment accounted for the major share of the lightweight automotive body panels market during 2017. During the forecast period, this segment will continue to grow steadily. The reason for the growth of this segment is the increasing penetration rate of active front grille, active hood system, and upcoming optimized fenders in the automotive market.

Geographical segmentation and analysis of the automotive active body panel market

Americas
APAC
EMEA

EMEA accounted for the maximum shares of the market during 2017. Our analysts have predicted that EMEA will decline in terms of market share in the next five years. However, the Americas will gain significant market share by 2022 and will be leading the lightweight automotive body panels market.

Key questions answered in the report include

What will the market size and the growth rate be in 2022?
What are the key factors driving the global automotive active body panel market?
What are the key market trends impacting the growth of the global automotive active body panel market?
What are the challenges to market growth?
Who are the key vendors in the global automotive active body panel market?
What are the market opportunities and threats faced by the vendors in the global automotive active body panel market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global automotive active body panel market?

Technavio also offers customization on reports based on specific client requirement.

Strong growth in developing economies, like the BRICS and ASEAN member nations, has driven revenue for global car dealers despite slowdowns in established economies, like North America and Europe. Developed economies focus largely on value-added car purchases, while emerging markets focus primarily on volume. The transition to SUVs and crossovers with more safety and entertainment features has driven growth; in particular, these models’ surging adoption rates have created numerous growth opportunities in developing economies. Even so, elevated interest rates across many key markets and mixed global consumer sentiment have somewhat constrained post‑pandemic growth. Overall, revenue has expanded at an expected CAGR of 2.2% to $4.3 trillion through the current period, including 1.8% growth in 2025, with profit supported by disciplined pricing and a balanced new‑used‑service mix. Supply chain disruptions lifted vehicle prices and inventory costs, and while semiconductor availability has improved, trim constraints and logistics volatility persist, moderating pricing power as incentives return. Dealers maintained revenue and profit by leaning on certified used, faster‑turning trims and transparent payment tools, while volatile oil markets reinforced demand for fuel‑efficient powertrains. Omnichannel capabilities—digital pricing, instant trade valuations, e‑signing and remote delivery—have reshaped sales, favoring scaled dealership groups over independents. Car dealers will continue to contend with substitutes, even as economic conditions improve and consumer sentiment rebounds through the outlook period. Government incentives and upstream innovations will also spur demand for electric and hybrid vehicles, generating strong per‑unit revenue from dealers, although hybrids are likely to outpace EVs where charging remains uncertain. Even so, slowing EV adoption rates in North America may dampen this segment’s growth potential. Consumer preferences will also continue to trend toward online vehicle shopping, which provides convenience and efficiency to busy consumers, creating greater competition with various online dealers and marketplaces. Overall, revenue is expected to climb at a CAGR of 1.7% to $4.7 trillion through 2030.

The average for 2023 based on 57 countries was 1102394 passenger cars. The highest value was in China: 26062824 passenger cars and the lowest value was in Bulgaria: 35764 passenger cars. The indicator is available from 2005 to 2024. Below is a chart for all countries where data are available.

Snapshot img

Automotive Financing Market Size 2024-2028

The automotive financing market size is forecast to increase by USD 17.6 billion at a CAGR of 3.52% between 2023 and 2028. The market is experiencing significant growth due to several key trends. One major trend is the rise in cab service financing, as ride-hailing companies continue to expand their fleets. Another trend is the increasing investment in autonomous vehicles, which is expected to revolutionize the automotive industry and create new automotive financing opportunities. Additionally, the rise in ride-sharing services has led to a higher demand for flexible financing options for both personal and commercial vehicles. These trends are driving the growth of the market, offering significant opportunities for market participants. Technological advancements, such as artificial intelligence, blockchain, digital payments systems, and online/mobile banking, are transforming the automotive financing sector, providing more convenient and efficient financing solutions for consumers.

What will be the Size of the Automotive Financing Market During the Forecast Period?

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The market is a significant segment of the broader automotive industry, encompassing the funding of new and used vehicle purchases, as well as leasing and commercial vehicle financing. Sales activities in this sector have been driven by technological advancements, including the emergence of electric vehicles and the increasing adoption of autonomous vehicles. Banks, credit unions, captive automotive financing companies, and digital platforms are key players in the market. The loan-to-value ratio, year-on-year growth, and demand shock are crucial factors influencing the market's dynamics. Cryptocurrency is also gaining traction as a potential financing option, adding another layer of complexity to the market.

Automotive Financing Market Segmentation

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Used vehicle
  New vehicle


Type

  Passenger vehicle
  Commercial vehicle


Geography

  APAC

    China
    India
    Japan


  Europe

    Germany


  North America

    US


  South America



  Middle East and Africa

By Application Insights

The used vehicle segment is estimated to witness significant growth during the forecast period. The global market is experiencing significant growth in the initial phase of the digital era, with online and mobile banking playing a pivotal role in the process. Car-sharing, ride-hailing, car rental, and aggregators such as Uber have revolutionized the industry, leading to increased demand for flexible financing solutions. OICA reports indicate that new loans for pickup trucks and light commercial vehicles in the used cars sales segment have seen a rise during the lockdown. Vehicle prices, vehicle categories, and loan buyers are key factors driving the adoption of online loan services through mobile/web-based platforms. The global automotive industry is witnessing intense competition among financial institutions, captive finance companies, and private counterparts, offering transparent financing processes to build trust with customers.

Furthermore, new vehicle segment financing and used vehicle segment financing have their unique challenges, with vehicle maintenance, insurance, and interest rates being critical considerations. Online sales portals and connected cars are further disrupting the market, offering convenience and flexibility to consumers. Overall, the market presents numerous business opportunities for stakeholders in the value chain.

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The used vehicle segment was valued at USD 44.30 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

APAC is estimated to contribute 67% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The global market is witnessing significant growth in the initial phase of the digital era, with the adoption of online and mobile banking solutions enabling faster loan approvals in minutes. The emergence of car-sharing, ride-hailing, and car rental services through aggregators like Uber and rental companies has created new business opportunities in the industry. In the used cars sales segment, the lockdown has led to an increase in online sales portals and the prices of vehicles in various categories, including Pickup trucks and light commercial vehicles. Fi

Snapshot img { margin: 10px !important; } To identify growth opportunities in the automotive multimedia touchpad market, the market has been segmented into regions that are growing faster than the overall market. These regions have been pitted against regions that have a slower growth rate than the global market in 2017-2022. APAC will grow faster than the overall market. The growth of EMEA and the Americas will be slower than the global market.

Below are some of the key findings from this automotive multimedia touchpad market analysis report

Global Automotive Multimedia Touchpad Industry Overview

The need to bring the display closer to the drivers’ sight is enhancing the use of floating touchscreens in the market. Simultaneously, operating floating touchscreens has come up as a challenge for the automotive market as the driver needs to move forward to operate the touchscreen infotainment system. This could distract the driver, and just a few seconds of distraction can cause accidents which, has prompted automotive OEMs to consider adopting alternative input methods that may overcome driver distraction. The global automotive market is observing the increasing proliferation of infotainment systems following the introduction of touchscreen interfaces. With the center consoles of vehicles becoming more complex, floating touchscreen displays have aroused significant interest in automotive industry stakeholders. With the advent of automotive OEMs preferring touchpad as viable input source for infotainment system, the automotive multimedia touchpad market growth will be augmented in the coming years.

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Companies covered

The automotive multimedia touchpad market is concentrated. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive multimedia touchpad market research report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make most of the upcoming growth opportunities.

The report offers a detailed analysis of several automotive multimedia touchpad companies, including:

Continental
Preh
Panasonic
Robert Bosch
Synaptics
Visteon

Automotive multimedia touchpad market growth based on geographic region:

Americas
APAC
EMEA

With a complete study of the growth opportunities for the companies across the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in APAC and EMEA will contribute to the highest share of this automotive multimedia touchpad market. It is expected that the market shares of these regions will remain constant during the forecast period.

Automotive multimedia touchpad market growth based on application

Luxury cars
Mid-size passenger cars

According to our market research experts, the luxury cars segment will account for the highest share of the market. However, the mid-size passenger cars segment will register highest growth rate during the forecast period. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the automotive multimedia touchpad market size.

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Key highlights of the global automotive multimedia touchpad market for the forecast years 2018-2022:

CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the automotive multimedia touchpad market during the next five years
Precise estimation of the global automotive multimedia touchpad market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
Growth of the automotive multimedia touchpad industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive information about factors that will challenge the growth of automotive multimedia touchpad companies

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global automotive multimedia touchpad market and its stakeholders over the forecast years. The global automotive multimedia touchpad market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact automotive multimedia touchpad market size till 2022.

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Automotive Loan Market By Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Vehicle Type, By Provider Type, By Percentage of Amount Sanctioned, By Region, Competition Forecast and Opportunities

In 2018, China accounted for **** percent of the global vehicle sales, slightly increasing from **** percent in 2017. In that year, around ******* commercial vehicles and ******* passenger cars were exported from China.

Snapshot img { margin: 10px !important; } Below are some of the key findings from this automotive wiper systems market analysis report:

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Global automotive wiper systems industry overview

The increase in adoption of rear wipers in SUVs, compact, and crossover vehicles is driving the automotive wiper systems market. Hatchback and SUVs have larger rear windshields that are susceptible to deposits of dirt and dust, which reduces the rear visibility of the driver and makes the vehicle vulnerable to accidents. This increases the need for automotive wiper systems. The use of automotive wiper systems is also mandated by various regulatory bodies, and OEMs are increasingly offering them as standard fitments in most hatchbacks, crossovers, and SUVs.

Also, with the growing demand of SUVs, crossovers, and compact vehicles in the US, China, Japan, and India, and shifting focus of automobile manufacturers towards these vehicles, the demand for automotive wiper systems is rising. Thus, the increase in adoption of rear wipers in SUVs, compact, and crossover vehicles is driving the automotive wiper systems market growth at a CAGR of 4% during the forecast period.

Top automotive wiper systems companies covered in this report

The global automotive wiper systems market is moderately concentrated. To help clients improve their revenue shares in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this automotive wiper systems market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

Bosch
DENSO
Federal-Mogul
Mitsuba
Valeo

Automotive wiper systems market segmentation based on end-users

Passenger vehicle
Commercial vehicle

The passenger vehicle segment was the largest end-user of the global automotive wiper systems market in 2017. This segment will continue to dominate the market throughout the next five years.

Automotive wiper systems market segmentation based on region

The Americas
APAC
EMEA

APAC accounted for the largest automotive wiper systems market share in 2017. This region will witness the highest incremental growth and remain the market leader over the next five years.

Key highlights of the global automotive wiper systems market for the forecast years 2018-2022:

CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the automotive wiper systems market during the next five years
Precise estimation of the global automotive wiper systems market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the automotive wiper systems industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive information about factors that will challenge the growth of automotive wiper systems companies

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View Now Automotive LiDAR Market - Analysis and Forecast, 2018-2028 focuses on in-depth detail regarding CRPA ?market size and ?trends from BIS Research

Market Overview:

The global automotive Luggage Rack market is estimated to be USD 1.5 billion in 2018 and is projected to grow at a CAGR of 5.8%, to reach USD X.XX billion by 2028. The growth of the market can be attributed to the increasing demand for SUVs and luxury cars, which leads to an increase in the demand for automotive luggage racks. Additionally, the increasing awareness about safety and security among consumers has led them to install automotive luggage racks on their vehicles, thereby driving the growth of this market. The global automotive luggage rack market is segmented by type into the aluminum alloy, composite plastic, and others (stainless steel, titanium). The aluminum alloy segment is expected to account for the largest share of the global automotive luggage rack market in 2018 owing to its high strength-to-weight ratio and corrosion resistance properties as compared with other materials used for manufacturing automotive luggage racks.

Product Definition:

Automotive Luggage Rack is a type of rack that is commonly used in vehicles to store luggage or other types of cargo. It is typically mounted on the roof of the vehicle and can be either permanent or removable. Automotive Luggage Racks are generally made from materials such as aluminum alloy, composite plastic, or steel. There are two main types of automotive luggage racks those that are designed for use with vehicles that have a factory-installed rack, and those that are aftermarket products.

Aluminum Alloy:

Aluminum alloys are a group of metals that have similar properties. They can be combined with other metals or used as an alloy to produce different products such as castables, bronzes, and steel. Aluminum is the base metal from which all aluminum-based products are made. It has various applications in industries including transportation, building & construction, and electrical & electronics manufacturing.

Composite Plastic:

Composite plastic is a material that is made up of two or more distinct substances. The term “composite plastic” can refer to any type of plastic that contains reinforcement, fillers, or additives. These materials can be used in a variety of industries, including the automotive industry. Composite plastics are often used in the automotive industry because they offer a number of advantages over traditional materials. This can lead to fuel savings for vehicles that use them. In addition, composite plastics are often less expensive than other materials, making them an attractive option for budget-conscious consumers.

Application Insights:

The passenger car application segment accounted for the largest revenue share of over 70% in 2017. The demand for passenger cars is growing rapidly across the globe owing to rising disposable income and economic development. The commercial vehicle application segment is expected to witness significant growth over the forecast period owing to increasing corporate travel demand as well as tourism activities globally which require commercial vehicles with additional luggage space or racks for carrying such heavy loads easily and quickly from one place to another without any effort or strain on passengers or drivers involved in such trips.

The evolution of the Automotive Luggage Rack has been significantly influenced by changing consumer preferences and technological advancements. As more individuals embark on road trips and outdoor adventures, the need for efficient and reliable storage solutions becomes paramount. Automotive luggage racks not only provide additional space for carrying luggage but also enhance the aesthetic appeal of vehicles. With the rise in eco-consciousness, manufacturers are now focusing on producing racks that are not only durable but also environmentally friendly. This shift is expected to further propel the demand for automotive luggage racks in the coming years, as consumers look for sustainable options that do not compromise on quality or functionality.

Regional Analysis:

Asia Pacific region dominated the global market in terms of revenue with a share of over 40.0% in 2019. The growth is attributed to increasing automobile production and sales across countries such as China, India, Japan, South Korea, Thailand, and Taiwan. Moreover, rising disposable income levels coupled with the presence of key players are also expected to drive the regional demand for automotive luggage racks over the forecast period. Europe accounted for a significant share in 2019 owing to high demand for passeng

Snapshot img { margin: 10px !important; } Global Automotive Active Chassis System Industry Overview

The global automotive market is rapidly evolving as the automobiles are becoming advanced due to the advances in automotive technology. Likewise, the continuously evolving consumer needs and expectations are intensifying the competition in the automotive market, which has resulted in a marked reduction in the product lifecycle. Additionally, the emergence of numerous models under different segments and categories allows consumers to choose from multiple product options. Therefore, the customer expectations from the automobiles have increased, which has made it imperative for the automobile manufacturers to focus on product differentiation specifically. The competition is expected to intensify as automakers continue to launch automobiles equipped with advanced features to cater to the growing customer expectations. All these factors are driving the automotive active chassis system market growth during the forecast period.

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Companies covered

The automotive active chassis system market is fragmented since the market has a number of companies. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this automotive active chassis system industry analysis report will aid clients identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of automotive active chassis system manufacturers including:

ZF Friedrichshafen
Continental
Bosch
Tenneco
BWI Group
RAUSCH & PAUSCH
ClearMotion

Automotive active chassis system market growth based on geographic region:

Americas
APAC
EMEA

With a complete study of the growth opportunities for the companies across the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in EMEA will contribute to the maximum share of this automotive active chassis system market throughout the predicted period. However, the countries in the APAC will contribute the highest growth rate during the forecast period.

Automotive active chassis system market growth based on application

SUV
Sedan

According to our market research experts, the sedan segment will account for the highest share of the market, which is attributable to the high market share of premium sedans in the global automotive market. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the automotive active chassis system market size.

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Key highlights of the global automotive active chassis system market for the forecast years 2018-2022:

CAGR of the market during the forecast period 2018-2022
Detailed information on factors that will accelerate the growth of the automotive active chassis system market during the next five years
Precise estimation of the global automotive active chassis system market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
Growth of the automotive active chassis system industry across the Americas, APAC, and EMEA
A thorough analysis of the market’s competitive landscape and detailed information on several vendors
Comprehensive information about factors that will challenge the growth of automotive active chassis system companies

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global automotive active chassis system market and its stakeholders over the forecast years. The global automotive active chassis system market analysts at Technavio have also considered how the performance of other related markets in the vertical will impact automotive active chassis system market size till 2022.

Want to dial in on a specific region or segment? We can help! Our analysts can customize this report to meet your requirements. Get in touch

Global Automotive Electric Seats 2018 market size 2025 was XX Million. Automotive Electric Seats 2018 Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to Cognitive Market Research, the global Automotive Clock Spring market size will be USD 3781.4 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 1096.6 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 907.54 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 1399.12 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 143.69 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 151.26 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 83.19 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2025 to 2033.
Passenger Vehicle category is the fastest growing segment of the Automotive Clock Spring industry

Market Dynamics of Automotive Clock Spring Market

Key Drivers for Automotive Clock Spring Market

Increasing Production and Sales of Passenger and Commercial Vehicles to Boost Market Growth

The steady growth in global automobile production—particularly in developing economies such as India, China, Brazil, and Mexico, is a major factor fueling the demand for automotive clock springs. In 2023, global new car sales rose by nearly 10% after a period of stagnation in 2022. Within the European Union, new car sales surged by approximately 14%, reaching 10.5 million units. Global vehicle production climbed to 76 million units, marking a substantial 10.2% year-on-year increase. The EU further strengthened its position as the world’s second-largest car producer, with output rising by over 11% to 12.1 million units. China, accounting for more than one-third of global vehicle manufacturing, produced over 25.3 million cars—an increase of more than 9%. The U.S. recorded a production of 7.6 million units, up by 8.5%, while Japan achieved a notable 17.4% growth, producing 7.7 million vehicles. As these trends unfold, the demand for clock springs continues to escalate, as these components are crucial for maintaining electrical continuity in vital steering wheel functions such as airbags, horn systems, and control buttons. With growing consumer preference for personal vehicles and increased government investment in automotive infrastructure, OEMs are ramping up production—further reinforcing the demand for clock springs as essential steering system components.

https://www.acea.auto/publication/economic-and-market-report-global-and-eu-auto-industry-full-year-2023//.//./

Growth in Electric and Hybrid Vehicle Adoption to Boost Market Growth

The rapid global shift toward electric and hybrid vehicles is significantly transforming the demand for automotive components, including clock springs. In 2023, nearly 14 million new electric cars were registered worldwide, bringing the total number of EVs on the road to 40 million—closely aligning with projections from the Global EV Outlook 2023. Electric vehicle sales increased by 3.5 million compared to 2022, marking a robust 35% year-on-year growth. Remarkably, this figure is over six times higher than sales recorded in 2018. On average, over 250,000 electric cars were registered each week in 2023—surpassing the entire annual total of 2013. EVs accounted for approximately 18% of total car sales in 2023, up from 14% in 2022 and just 2% five years prior. Battery electric vehicles (BEVs) represented around 70% of the global EV stock. These electric cars often feature advanced electronic steering mechanisms and sophisticated in-cabin controls that require reliable electrical connectivity—enabled by clock springs. Moreover, their integration with digital dashboards and infotainment systems, frequently operated via steering wheel interfaces, further underscores the importance of clock springs. As OEMs a...

Automotive eCall Market size was valued at USD 1.33 Billion in 2023 and is projected to reach USD 3.54 Billion by 2031, growing at a CAGR of 11.3% during the forecast period 2024-2031.Global Automotive eCall Market DriversEU Regulation for eCall (2018): The European Union has mandated that all new vehicles (from 2018 onwards) must be equipped with the eCall system. This regulation is a significant driver in the market, as it has made eCall technology a standard feature for all new vehicles in Europe.Global Adoption: Other regions, including North America and parts of Asia, are also moving toward implementing similar safety regulations.Automotive Safety Regulations: Governments and safety organizations such as the National Highway Traffic Safety Administration (NHTSA) in the U.S. and the World Health Organization (WHO) emphasize the importance of vehicle safety, which in turn supports the adoption of eCall systems.

The Used Car Market Report is Segmented by Vehicle Type (Hatchback, Sedan, and More), Vendor Type (Organized and Unorganized), Fuel Type (Gasoline, Diesel, and More), Sales Channel (Online Platforms and More), Vehicle Age (Below 3 Years and More), Mileage (Less Than 20, 000 Kms and More), Price Band (Less Than USD 10, 000 and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

Global Automotive Vehicle-to-Everything Market was valued at USD 2.334 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 34.17% through 2028.

• Automotive Natural Gas Vehicles Market Scope:

The report on Automotive Natural Gas Vehicles Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global automotive natural gas vehicles market is segmented on the basis of type, application, and geography.

The global Automotive Natural Gas Vehicles market was valued at US$ XX.X Mn in 2018 and is projected to increase significantly at a CAGR of x.x% from 2019 to 2028. Read More